rapidtech it services private limited
Tender Performance & Track Record
Company Overview
Tender Performance
Data for 01 April 2024 to 18 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 14 bids — SYSNET GLOBAL TECHNOLOGIES PRIVATE LIMITED. appeared in 4 of them.
RAPIDTECH IT SERVICES PRIVATE LIMITED
RAPIDTECH IT SERVICES PRIVATE LIMITED
Financial Details
Registered Office
UNIT NO. D-66 SECTOR-7 NOIDANA-Gautam Buddha Nagar-Uttar Pradesh-201301-India
Industry Classification
Business Services
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
43
Contract Value
₹11.63 Cr
L1 Bids
3
Recent Win Rate
40.0%
Performance Analytics
Rapidtech IT Services Private Limited: Comprehensive Tender Performance Analysis
Rapidtech IT Services Private Limited is an active participant in the Indian government procurement landscape, having submitted 43 bids as of March 2025. This comprehensive analysis, powered by TenderAI, provides critical insights into their tender performance, financial health, and competitive positioning. Key areas covered include win rates, qualification trends, contract value analysis, and strategic recommendations for future growth in the Indian IT sector.
Key Performance Metrics: From April 2018 to March 2025, Rapidtech IT Services has demonstrated a 7.0% overall win rate across 43 bids. Their qualification rate stands at 79.1%, indicating a strong ability to meet technical requirements. Notably, in FY2024-25, the company achieved a significantly higher win rate of 40.0%, signalling a positive trend. However, this strong win rate has come with a 94.4% drop in contract value compared to the previous period.
Financial Health Assessment: TenderAI's financial health score for Rapidtech IT Services is 12.9/100, categorized as 'Critical'. This assessment considers various components, including win rate, contract value, bid efficiency, growth, and consistency. While the recent win rate shows improvement, the overall financial health score highlights areas needing attention, particularly bid efficiency and contract value growth.
Market Positioning: Rapidtech IT Services has established a regional presence in Rajasthan and Telangana government tenders, indicating a focused geographic strategy. They have experience bidding with diverse organizations like Canara Bank and Prasar Bharati Broadcasting Corporation Of India, showcasing adaptability. Their primary engagement is with the Ministry of Finance and the Department of Financial Services, suggesting specialization in the banking and financial sector.
Financial Performance Analysis
Yearly Trends
Rapidtech IT Services's financial performance in government tenders has varied across fiscal years. Here's a comparative table: