solas marine services private limited
Tender Performance & Track Record
Company Overview
Tender Performance
Data for 01 April 2024 to 17 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 63 bids — JOHNSON CONTROLS (INDIA) PRIVATE LIMITED appeared in 5 of them.
SOLAS MARINE SERVICES PRIVATE LIMITED
SOLAS MARINE SERVICES PRIVATE LIMITED
Financial Details
Registered Office
Plot No. C-440/1, TTC Industrial Area, MIDC, TurbheNA-Navi Mumbai-Maharashtra-400705-India
Industry Classification
Manufacturing (Machinery & Equipments)
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
137
Contract Value
₹497.11 Cr
L1 Bids
81
Recent Win Rate
68.0%
Performance Analytics
SOLAS Marine Services Private Limited: Business Analysis and Government Tender Performance
SOLAS Marine Services Private Limited stands as a prominent player in the marine services sector, particularly within the realm of government tenders. This comprehensive business analysis delves into their financial performance, competitive positioning, and strategic opportunities within the Indian government procurement landscape. With a remarkable 59.1% win rate in government tenders, SOLAS Marine Services demonstrates a strong ability to secure public sector contracts. This report provides actionable insights and recommendations to further enhance their market presence and financial growth.
Executive Summary
SOLAS Marine Services exhibits a robust government tender performance, underscored by a 59.1% win rate and consistent success in securing L1 positions (lowest bid). The company has demonstrated prowess in handling high-value government contracts, with notable participation in 31 major procurement projects. Their specialized focus on sectors like the Department Of Military Affairs and organizations like the Indian Coast Guard highlights a strategic alignment with critical government needs. While financial metrics show a strong total contract value of ₹4,97,11,33,898.0, a recent decline in YoY contract value growth warrants attention. The company's strong technical qualification rate of 89.8% further solidifies their position as a reliable government contractor.
Financial Performance
Key Financial Metrics
SOLAS Marine Services Private Limited has demonstrated a strong financial track record, particularly in securing government contracts. Key financial metrics include:
- Total Contract Value: ₹4,97,11,33,898.0