Tanktech Asia: Government Tender Performance Analysis

Tanktech Asia Private Limited is actively participating in India's government tender ecosystem, demonstrating early promise with a 33.3% win rate across 6 bids since FY2022-23. This analysis examines their tender participation, technical qualification rate, and emerging procurement strategy. Their financial health score stands at 61.0, categorized as 'Satisfactory' by TenderAI's scoring system, evaluating win rate, contract value, bid efficiency, growth, and consistency.

Tanktech Asia's primary focus lies within the Ministry of Petroleum and Natural Gas and the Department of Heavy Industry, indicating a specialized procurement approach. Their 100% technical qualification rate underscores a strong understanding of government tender requirements and specifications. As they continue to build their government procurement capabilities, these initial performance indicators provide valuable insights into their competitive approach within the public sector procurement landscape. Tanktech Asia’s performance positions them as a notable Indian manufacturing supplier.

Financial Performance Analysis

Tanktech Asia's financial performance in government tenders shows a growing presence, particularly in recent fiscal years. The company has secured contracts worth ₹5,66,79,035 between FY2022-23 and FY2024-25. Notably, in FY2022-23, they achieved a 50.0% win rate from 4 bids, securing contracts worth ₹4,55,04,035. However, the win rate decreased to 0.0% in FY2023-24 and FY2024-25 with one bid each year, securing contracts worth ₹81,00,000 and ₹30,75,000 respectively. This decline suggests the need for refined bidding strategies to maintain previous success rates. Tanktech Asia’s average bid amount across all bids is ₹1,67,35,984.7.

Year-on-Year Performance: