PRECISION BIOMETRIC INDIA PRIVATE LIMITED
Company Overview
Total Bids
1
Contract Value
₹71.62 Lakh
L1 Bids
0
Historical Bids (Since 2018)
37
Participated Tenders
L0 Fingerprint Biometric Scanner Device
Executive Summary:
Precision Biometric India Private Limited has demonstrated active participation in the Indian government tender landscape, submitting bids for 37 tenders between April 2018 and March 2025. While their overall win rate stands at 0.0%, their qualification rate is a notable 54.1%, indicating a strong ability to meet technical compliance requirements. Over the analysis period, the company has bid on contracts with a total value of ₹124.59 crore. The company's financial health is currently assessed as 'Critical' by TenderAI, with a score of 15.0/100. Their market positioning suggests a focus on the Department of Financial Services, Department of Defence, and engagement with organizations such as State Bank of India (SBI). This report provides a detailed analysis of Precision Biometric India's tender performance, competitive landscape, and strategic recommendations for improved success in government procurement.
Financial Performance Analysis
Precision Biometric India's financial performance in government tenders reveals several key trends. The company's yearly performance, analyzed from FY2018-19 to FY2024-25, shows fluctuating bid counts and qualification rates. In FY2023-24, the company bid on contracts worth ₹111.14 crore, showcasing a significant increase in tender participation and bid value compared to previous years, while in FY2024-25, bid volume contracted significantly. However, the company has not secured any wins during this period.
A quarter-wise analysis (visualizations not included in this JSON) would reveal patterns within each fiscal year. For example, Q1 of FY2023-24 might show a spike in bid submissions related to specific government initiatives. However, the lack of win conversion presents a challenge to the company's financial sustainability and growth in the government sector.
The bid distribution across price ranges from April 2023 to March 2024 indicates that Precision Biometric India participates in tenders across various value bands, with the majority of bids falling in the lower price ranges. This suggests a focus on smaller contracts, which may contribute to the lack of significant revenue generation from government tenders.
Table: Year-on-Year Performance Comparison
| Metric | FY2022-23 | FY2023-24 | Change |
|---|---|---|---|
| Bid Count | 1 | 8 | +700.0% |
| Win Count | 0 | 0 | 0.0% |
| Qualification Rate | 0.0% | 62.5% | +62.5% |
| Total Contract Value (₹) | 5,25,540 | 11,11,35,531 | +211369.26% |
Precision Biometric India's tender participation is concentrated in 'L0 Fingerprint Biometric Scanner Device'. Further analysis is needed to determine their win rates and qualification rates within this specific category. Specialization can be a strength, but diversification may also be considered to broaden their market reach.
Geographical & Departmental Distribution
The company's primary focus is on tenders from the Department of Financial Services. A geographical analysis reveals limited activity across states and cities, indicating a potential opportunity to expand their reach across different regions in India. Focus on ministry-specific terms like "Ministry of Finance tenders" and "Ministry of Defence procurement" is crucial for optimizing bid strategies.
Competitive Analysis
From January 2022 to December 2023, Precision Biometric India faces strong competition from several players in the government tender market. BIOENABLE TECHNOLOGIES PRIVATE LIMITED and FOXBASE TECHNOLOGIES PRIVATE LIMITED are among the top competitors, with engagement rates of 54.1% and 45.9%, respectively. A head-to-head comparison reveals that Precision Biometric India has a lower win rate compared to these competitors, indicating areas for improvement in their bidding strategies. The company's competitiveness varies across different ministries, requiring tailored approaches for each.
Table: Competitor Win Rates (Jan 2022 - Dec 2023)
| Competitor | Win Rate |
|---|---|
| BIOENABLE TECHNOLOGIES PRIVATE LIMITED | 20.0% |
| FOXBASE TECHNOLOGIES PRIVATE LIMITED | 29.4% |
| NIRMALPRAVIDYA INFOTECH PRIVATE LIMITED | 0.0% |
| SKY STAR TECHNOLOGY LLP | 0.0% |
| EWIT INFOTECH PRIVATE LIMITED | 0.0% |
- Strengths:
- High qualification rate demonstrates technical competence
- Weaknesses:
- Low win rate indicates challenges in competitive bidding
- Limited geographical diversification
- Opportunities:
- Expand into underserved departments and ministries
- Explore high-value contract opportunities
- Threats:
- Intense competition from established players
- Changing government procurement policies
Strategic Recommendations
- Prioritize selective bidding: Focus on tenders where Precision Biometric India has a higher chance of winning, based on historical data and competitive analysis.
- Enhance competitive intelligence: Continuously monitor competitor activities and adjust bidding strategies accordingly.
- Strengthen technical compliance: Address the factors contributing to disqualification and improve documentation quality.
- Diversify geographical reach: Explore tender opportunities in different states and regions to expand market presence.
- Target high-value contracts: Develop a strategy to pursue larger contracts that can significantly impact revenue.
Future Growth Outlook
Based on historical trends and sector dynamics, Precision Biometric India's future growth outlook depends on its ability to improve its win rate and diversify its tender participation. By implementing the strategic recommendations outlined above, the company can enhance its competitiveness and achieve sustainable growth in the Indian government procurement sector.