Vertis Elevators Private Limited: Government Tender Performance Analysis

Executive Summary:

Vertis Elevators Private Limited has demonstrated strong performance in Indian government tenders. This analysis focuses on their initial tender participations, technical qualification rate, and emerging procurement strategy. Between FY2023-24 and FY2024-25, Vertis Elevators showcased a 100.0% win rate, securing 4 L1 positions out of 4 bids. Their technical qualification rate also stands at 100.0%, indicating a robust understanding of government procurement specifications. A TenderAI assessment gives Vertis Elevators a financial health score of 66.7, categorized as 'Good'. Their market positioning highlights a specialization in the Maharashtra region and engagement with the Ministry of Finance, specifically the Department of Economic Affairs. This executive summary presents the key performance indicators (KPIs), financial metrics, and competitive advantages that define Vertis Elevators' success in the government tender landscape. Understanding government tender performance is key, making Vertis Elevators tenders a phrase of high importance to track.

Financial Performance Analysis

Vertis Elevators has shown significant activity in the fiscal years FY2023-24 and FY2024-25. While data from FY2018-19 to FY2022-23 shows no tender participation, the recent performance indicates a focused entry into the market. The company's yearly performance is summarized in the table below: