solasmar marine 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 6 bids — FITECH ENGINEERS PVT LTD appeared in 3 of them.
SOLASMAR MARINE SERVICES PRIVATE LIMITED
SOLASMAR MARINE SERVICES PRIVATE LIMITED
Financial Details
Registered Office
B-102, Krishna Galaxy, Datta Mandir Road, Vakola,Santakruz (East)NA-mumbai-Maharashtra-400055-India
Industry Classification
Transport, storage and Communications
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
13
Contract Value
₹17.63 Cr
L1 Bids
5
Recent Win Rate
40.0%
Performance Analytics
SOLASMAR MARINE SERVICES PRIVATE LIMITED: Comprehensive Tender Performance Analysis
Executive Summary
SOLASMAR MARINE SERVICES PRIVATE LIMITED is an emerging player in the Indian government procurement landscape. This report provides a comprehensive analysis of their tender performance, financial health, competitive positioning, and strategic opportunities. Based on TenderAI analysis of 13 bids, SOLASMAR has demonstrated a 38.5% win rate between April 2018 and March 2025. They have also achieved a 46.2% qualification rate during the same period, highlighting their ability to meet technical requirements. Notably, they've secured 5 L1 positions as the lowest bidder. SOLASMAR's financial performance shows a strong conversion rate, with ₹17.63 crore in secured government contract value.
TenderAI's financial health assessment gives SOLASMAR a score of 71.9/100, categorized as 'Good.' The score is based on several components, including win rate, contract value, bid efficiency, growth, and consistency. SOLASMAR demonstrates strengths in win rate (96.2) and contract value (100), but has areas for improvement in growth (25.1) and consistency (16.3).
SOLASMAR primarily engages with the Ministry of Petroleum and Natural Gas and the Ministry of Defence, showcasing expertise in these sectors. They have also worked with departments such as NA, Department of Military Affairs, and Indian Oil Corporation Limited.
This analysis aims to provide actionable insights for SOLASMAR to enhance its tender performance, strengthen its competitive position, and capitalize on future growth opportunities in the Indian government procurement market.
Financial Performance Analysis of SOLASMAR MARINE SERVICES
SOLASMAR has shown increasing activity in government tenders in recent fiscal years. The yearly trends indicate growth potential, although there are areas for improvement in consistency.