mag solvics private limited
Tender Performance & Track Record
Company Overview
Tender Performance
Data for 01 April 2024 to 17 June 2025
Total Bids / Contract Value
Qualified Bids / Q Rate
Total Wins / Win Value
Wins Rate / Q-W Rate
Detailed Performance Analysis
Tender Performance by Ministries
Name
Top Bid Competitors
Companies that frequently compete with you in the same tenders — ranked by their total win value.You applied for 12 bids — PREMIER EVOLVICS PRIVATE LIMITED appeared in 2 of them.
MAG SOLVICS PRIVATE LIMITED
MAG SOLVICS PRIVATE LIMITED
Financial Details
Registered Office
SF No. 149/5, Dynamic CenterNA-Solavampalayam Post-Tamil Nadu-642109-India
Industry Classification
Manufacturing (Machinery & Equipments)
Company Type
Market Information
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Historical Performance
7-year trend analysis (2018-2025)
Company Overview (1 Apr 2018-31 Mar 2025))
Total Bids
26
Contract Value
₹13.00 Cr
L1 Bids
19
Recent Win Rate
75.0%
Performance Analytics
Mag Solvics Private Limited: Comprehensive Tender Performance Analysis
Executive Summary
Mag Solvics Private Limited has emerged as a notable player in the Indian government procurement landscape, showcasing a strong government tender performance. This analysis provides a detailed overview of their tender performance, financial health, market positioning, and strategic recommendations based on TenderAI data. From April 2021 to March 2025, Mag Solvics participated in 26 government tenders, achieving a remarkable win rate of 73.1%. This translates to 19 L1 positions, demonstrating their competitiveness in pricing. The company's technical qualification rate stands at 96.2%, indicating a high level of compliance with tender requirements. Their participation spans across key ministries, including the Ministry of Textiles, Ministry of Defence, and Ministry of Agriculture and Farmers Welfare, indicating a diversified portfolio. Mag Solvics' financial health, assessed by TenderAI, receives a "Good" rating with a score of 75.9/100, driven by a strong win rate and growth performance.
Financially, Mag Solvics has bid on contracts totaling ₹12.99 crore and successfully secured ₹12.99 crore in government contracts, highlighting a 100.0% conversion rate. A detailed financial analysis reveals consistent performance with strong growth trends, particularly in recent fiscal years. Their market positioning within the industry shows them as a dominant player, with efficient bid processes and a high conversion rate. However, there are challenges in specific bid ranges that need strategic attention. This report offers actionable insights to optimize Mag Solvics' bidding strategy, enhance their competitive advantage, and drive future growth in the dynamic Indian government procurement ecosystem. Mag Solvics should capitalize on its government tender performance and tender success rate in future projects.
Financial Performance Analysis
Yearly Trends
Mag Solvics has shown consistent improvement in their financial performance in government tenders over the past few fiscal years. The following table illustrates their year-on-year performance:
| Year | Bid Count | Win Count | Qualification Rate | Win Rate | Total Contract Value (₹) |