sparkmed lifesciences 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
Top Bid Competitors
Companies that frequently compete with you in the same tenders — ranked by their total win value.You applied for 5 bids — FIRST MEDICAL appeared in 5 of them.
SPARKMED LIFESCIENCES PRIVATE LIMITED
SPARKMED LIFESCIENCES PRIVATE LIMITED
Financial Details
Registered Office
No-33B,DHANAPAL LAYOUT, 3RD STREET UPPILIPALAYAM POST, SINGANALLURNA-COIMBATORE-Tamil Nadu-641015-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
7
Contract Value
₹40.80 Lakh
L1 Bids
0
Recent Win Rate
0.0%
Performance Analytics
Sparkmed Lifesciences Private Limited: Government Tender Performance Analysis
Sparkmed Lifesciences Private Limited, a company specializing in medical equipment, is actively engaging in the Indian government tender landscape. While the company is in the early stages of government procurement, with 7 bids submitted, this report provides a comprehensive analysis of its tender performance, financial health, market positioning, and strategic opportunities. The focus of this analysis is on Sparkmed Lifesciences' participation in government tenders, specifically within the Indian medical equipment sector. This analysis utilizes TenderAI's advanced analytical tools to deliver actionable insights for Sparkmed Lifesciences and relevant industry stakeholders. The company is exploring opportunities in the Indian government procurement sector, particularly within the Ministry of Defence. Initial performance shows a perfect 100.0% qualification rate, indicating strong compliance and technical capabilities. However, the company has yet to secure a win, presenting an opportunity for strategic refinement. Sparkmed Lifesciences' financial health score is currently rated as 'Critical' at 30.0/100, primarily due to the lack of wins and contract value. However, the company shows a recent participation trend and qualification trend, indicating the company is well positioned for future growth and stability. They primarily bid in the Ministry of Defence, specifically the Department of Military Affairs.
Financial Performance Analysis
Sparkmed Lifesciences is in the early stages of building a financial track record within government tenders. The company's tender participation has increased with 2 bids in FY2023-24 and 5 bids in FY2024-25, a growth of 150.0%. However, they have not secured any wins, which is reflected in the 'Critical' financial health score. All submitted bids were distributed in the price range of ₹0.0, showing they are bidding in smaller tenders for now. The total contract value for FY2023-24 was ₹13,22,414, increasing to ₹27,58,085 in FY2024-25, representing a 108.6% growth in contract value. However, with no wins, the overall financial impact remains limited.
The below table shows year-on-year performance for Sparkmed Lifesciences Private Limited:
| Fiscal Year | Bid Count | Win Count | Qualified Count | Qualification Rate | Win Rate | Total Contract Value |
|---|---|---|---|---|---|---|
| FY 2018-19 | 0 | 0 | 0 | 0.0% | 0.0% | ₹0.0 |
| FY 2019-20 | 0 | 0 | 0 | 0.0% | 0.0% | ₹0.0 |
| FY 2020-21 | 0 | 0 | 0 | 0.0% | 0.0% | ₹0.0 |