saranyu technologies private limited Tender Performance & Track Recordsaranyu technologies private limited

Saranyu Technologies Private Limited: Government Tender Performance Analysis

Executive Summary

Saranyu Technologies Private Limited is in the early stages of establishing its presence in the Indian government tender landscape. Analysis of their tender performance from FY2021-22 to FY2023-24 reveals key insights into their procurement strategy and areas for improvement. During this period, Saranyu Technologies participated in 2 tenders, achieving a qualification rate of 50.0%. While their win rate remains at 0.0%, their engagement signifies a growing interest in the public sector market. The company bid on contracts with a total value of ₹8,51,16,000, demonstrating their ambition to secure substantial projects.

TenderAI's financial health assessment gives Saranyu Technologies a 'Critical' score of 22.5/100, reflecting areas needing attention. The score is comprised of several components, with a growth score of 50.0 and a consistency score of 100.0 being the primary indicators that support their current activity. Their initial focus has been on tenders from Indian Oil Corporation Limited and NA, indicating a specialization in the energy sector. This targeted approach could prove advantageous as they refine their bidding strategy.

Currently, Saranyu Technologies' market positioning is in the nascent stage, requiring strategic enhancements to improve their competitive edge. To achieve a better competitive edge and better results, Saranyu Technologies should look into a more selective bidding strategy and bid review processes. Their engagement with the Ministry of Petroleum and Natural Gas and the Lok Sabha Secretariat demonstrates a broad interest in diverse government opportunities. The initial insights from TenderAI's analysis serve as a crucial foundation for Saranyu Technologies to track their progress and strategically enhance their tender performance in the Indian government procurement sector. Saranyu Technologies should work towards their bid efficiency by establishing pre-bid qualification process for tenders and improving proposal quality through compliance, technical and commercial optimization.

Financial Performance Analysis

Saranyu Technologies' financial performance in government tenders shows a fluctuating trend. The yearly analysis reveals that the total contract value bid on was concentrated in FY2021-22 and FY2023-24. There was a bid of ₹4,05,66,000 and ₹4,45,50,000 respectively in each of the periods. The company did not participate in any tenders from FY2018-19 to FY2020-21 and FY2022-23 and FY2024-25. The win rate remained at 0.0% throughout the observed period. Given the concentration of bidding activity in two fiscal years, there is an opportunity to analyze the bid distribution and identify potential patterns.

The bid distribution across price ranges from April 2023 to March 2024 shows that while participation has been limited, the value of bids submitted indicate a strategic focus on high-value opportunities. There are currently no bids within the ranges specified. It is advisable for Saranyu Technologies to re-evaluate their bid distribution strategy to capitalize on diverse opportunities in the market.