Magnet Inc. Government Tender Profile

With a substantial portfolio of 221 government tender participations, Magnet Inc. has demonstrated strategic engagement in India's public procurement landscape. This analysis provides insights into their bidding performance, tender success patterns, and competitive positioning in government contracts.

Proven L1 Bid Success with 52 Contract Wins

Magnet Inc. has successfully secured 52 L1 positions in government tenders, demonstrating their strategic pricing approach and competitive bid strategy. With a win ratio of 23.5% across 221 tender participations, they have established a reliable track record in government procurement. Their bidding performance also includes 0 L2 and 0 L3 rankings, showing consistent competitiveness in public sector contracts.

Financial Performance in Government Tenders

Magnet Inc. has bid on contracts with a total value of ₹4,17,39,361.0, successfully securing ₹4,17,39,361.0 in government contract value. This represents a 100.0% conversion rate of bid value to won contracts, demonstrating their effectiveness in targeting and securing valuable public sector projects.

Specialized Government Procurement Focus

The company has established a regional presence in Gujarat government tenders, showing geographic specialization in their public procurement strategy. Their tender history includes significant engagement with Department Of Military Affairs, Urban Development And Urban Housing Department Gujarat, Education Department Gujarat, where they have demonstrated specific procurement expertise. They have experience bidding with Indian Army, showing familiarity with diverse organizational procurement requirements.