SPACEWOOD OFFICE SOLUTIONS PRIVATE LIMITED: Comprehensive Tender Performance Analysis

Executive Summary:

SPACEWOOD OFFICE SOLUTIONS PRIVATE LIMITED demonstrates a growing presence in the Indian government tender landscape. With 135 total bids submitted between April 2018 and March 2025, Spacewood has achieved a cumulative win rate of 14.1%. In the recent fiscal year FY2024-25, their performance significantly improved, reaching a win rate of 24.4%, securing 10 contracts out of 41 bids. The total contract value secured by Spacewood is ₹186.33 crore (₹1,86,33,45,510). Their financial health, assessed by TenderAI, is rated as 'Satisfactory' with a score of 51.8/100, based on metrics like win rate, contract value, bid efficiency, growth, and consistency.

Spacewood's market positioning is primarily focused on the furniture and office solutions sector, actively participating in tenders related to office furniture, modular workstations, and related products. Their geographical distribution shows a concentration in states like Chandigarh, Maharashtra, and Delhi. Key ministries and departments where Spacewood excels include the Ministry of Education and the Department of Higher Education.

The company faces stiff competition from players like EROS FURNITURE PRIVATE LIMITED and METHODEX SYSTEMS PRIVATE LIMITED. A detailed competitive analysis reveals areas where Spacewood can improve its bidding strategy and increase its win rate. Key improvements in documentation quality and adherence to tender specifications could reduce their disqualification rate.

Financial Performance Analysis

Spacewood's financial performance in government tenders shows a fluctuating but overall positive trend. The following table summarizes their yearly performance:

| Fiscal Year | Bid Count | Win Count | Qualification Rate | Win Rate | Total Contract Value (₹) |