Praxio IT Consulting: Government Tender Performance Analysis

Praxio IT Consulting Private Limited is making strides in the Indian government tender landscape, actively participating in 5 tenders. This comprehensive analysis delves into their tender participation, technical qualification rate, and overall procurement strategy, providing valuable insights for industry stakeholders and government procurement officers.

Executive Summary

Praxio IT Consulting is a developing player in the Indian government tender market. From April 2018 to March 2025, the company participated in 5 tenders, achieving a 20.0% win rate and an 80.0% technical qualification rate. They have secured 1 L1 position, demonstrating competitiveness in pricing and technical capabilities. Their contract value growth in FY2023-24 was significant, although it has since seen a decline in FY2024-25. A TenderAI financial health assessment gives them a 'Satisfactory' score of 52.7/100, highlighting areas for improvement, particularly in growth and consistency. Praxio IT Consulting shows particular focus on tenders from the Ministry of Defence and the School Education Department Tamil Nadu, indicating specialization in these sectors. As a emerging IT consulting supplier, Praxio is strategically positioning itself within the Indian IT sector. Their overall tender performance metrics suggest a balanced approach with opportunities for targeted development and strategic enhancements to improve their bid competitiveness score.

Financial Performance Analysis

Praxio IT Consulting's financial performance in government tenders shows promising signs despite recent fluctuations. A breakdown of yearly and quarterly trends reveals key insights into their bidding activity and success rates.

Yearly Trends

The following table illustrates Praxio IT Consulting's yearly performance in government tenders: