VEGAPAY TECHNOLOGY PRIVATE LIMITED: Government Tender Performance Analysis

VEGAPAY TECHNOLOGY PRIVATE LIMITED is an emerging player in India's government tender ecosystem, with initial participation in 2 tenders as of March 2025. This analysis offers insights into their early-stage tender participation, technical qualification rate, and developing procurement strategy, crucial for assessing their future potential in the Indian government sector.

Executive Summary

As of March 2025, VEGAPAY TECHNOLOGY PRIVATE LIMITED has demonstrated an initial presence in the Indian government tender landscape. While their current win rate stands at 0.0% from 2 bids submitted in FY 2024-25, they have engaged with tenders totaling ₹4,53,43,53,256. Their efforts have been primarily concentrated within the Department of Financial Services under the Ministry of Finance. Although their qualification rate is 0.0%, this early-stage data provides a baseline for measuring their future performance as they refine their bidding strategies. The TenderAI financial health assessment currently rates them as Critical with a score of 22.5/100, reflecting areas for improvement in win rate and bid efficiency. VEGAPAY's financial health score of 22.5 is based on TenderAI scoring components including win rate, contract value, bid efficiency, growth, and consistency. They are focusing on the Financial Services sector within the Indian government procurement landscape. VEGAPAY's current strategy focuses on tenders within the Department of Financial Services, indicating a potential specialization in this area. As they mature their bidding processes, their performance data will offer increasing insight into their competitive standing and sector expertise.

Financial Performance Analysis

Yearly Trends