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vikash forge pvt.ltd. Tender Performance & Track Record

CIN: U27109WB1995PTC067171
Active
Private
Company limited by shares

vikash forge pvt.ltd.

Tender Performance & Track Record

CIN: U27109WB1995PTC067171
Active
Private
Company limited by shares

Company Overview

Summary
VIKASH FORGE PVT.LTD.: Business Analysis and Strategic Recommendations Vikash Forge Pvt.Ltd. demonstrates a developing presence in the Indian government tender landscape, marked by a 5.8% win rate across 86 bids and securing contracts worth ₹9.29 Crore. This comprehensive business analysis delves into their financial performance, competitive positioning, and strategic opportunities within the steel manufacturing sector. The aim is to provide actionable recommendations for enhanced growth and improved market penetration.
Primary Ministry: Ministry of SteelPrimary Department: Steel Authority of India Limited
Founded: 1995State: WEST BENGAL
Primary Ministry:
Ministry of Steel
Primary Department:
Steel Authority of India Limited
Founded:1995
State:WEST BENGAL

Tender Performance

Data for 01 April 2024 to 17 June 2025

Live Data

Total Bids / Contract Value

Bids71
Value₹5.88Cr

Qualified Bids / Q Rate

Bids36
Q Rate50.7%

Total Wins / Win Value

Win8
Value₹45.95L

Wins Rate / Q-W Rate

Rate11.3%
Q-W Rate22.2%

Detailed Performance Analysis

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Tender Performance by Ministries

1 entries

Name

Bids
Value
Qualified
Wins
Value

Ministry of Steel

11.3% win rate
71
₹5.88 Cr
36
8
₹45.95 Lakh

Ministry of Steel

Bids
71
₹5.88 Cr
Qualified
36
Wins
8
₹45.95 Lakh
11.3% win rate

Top Bid Competitors

Companies that frequently compete with you in the same tenders — ranked by their total win value.You applied for 71 bids — SHASHI STEEL AND FORGINGS appeared in 18 of them.

Company
Total Bids
Value
Qualified
Rate
Wins
Value

VIKASH FORGE PVT.LTD.

Your Company
11.3% win rate
71
₹5.88 Cr
36
50.7%
8
₹45.95 Lakh

VIKASH FORGE PVT.LTD.

Your Company
Total Bids
71
₹5.88 Cr
Qualified
36
50.7%
Wins
8
₹45.95 Lakh
11.3% win rate
SHASHI STEEL AND FORGINGS
33.3% win rate
18
₹1.56 Cr
16
88.9%
6
₹79.83 Lakh
SHASHI STEEL AND FORGINGS
Total Bids
18
₹1.56 Cr
Qualified
16
88.9%
Wins
6
₹79.83 Lakh
33.3% win rate
IPM ENGINEERING LIMITED
4.3% win rate
23
₹2.85 Cr
23
100.0%
1
₹42.52 Lakh
IPM ENGINEERING LIMITED
Total Bids
23
₹2.85 Cr
Qualified
23
100.0%
Wins
1
₹42.52 Lakh
4.3% win rate
MASS GEAR
14.3% win rate
14
₹81.62 Lakh
8
57.1%
2
₹12.55 Lakh
MASS GEAR
Total Bids
14
₹81.62 Lakh
Qualified
8
57.1%
Wins
2
₹12.55 Lakh
14.3% win rate
GLOBAL VISION ENTERPRISE
19.1% win rate
21
₹96.40 Lakh
19
90.5%
4
₹9.91 Lakh
GLOBAL VISION ENTERPRISE
Total Bids
21
₹96.40 Lakh
Qualified
19
90.5%
Wins
4
₹9.91 Lakh
19.1% win rate
MACKLEACCOY INDIA PVT LTD
12.5% win rate
16
₹39.82 Lakh
15
93.8%
2
₹6.38 Lakh
MACKLEACCOY INDIA PVT LTD
Total Bids
16
₹39.82 Lakh
Qualified
15
93.8%
Wins
2
₹6.38 Lakh
12.5% win rate
MASCOT KIN INDUSTRIES
13.6% win rate
22
₹56.99 Lakh
22
100.0%
3
₹5.24 Lakh
MASCOT KIN INDUSTRIES
Total Bids
22
₹56.99 Lakh
Qualified
22
100.0%
Wins
3
₹5.24 Lakh
13.6% win rate
KUMAR ENTERPRISE
10.5% win rate
19
₹43.86 Lakh
19
100.0%
2
₹4.64 Lakh
KUMAR ENTERPRISE
Total Bids
19
₹43.86 Lakh
Qualified
19
100.0%
Wins
2
₹4.64 Lakh
10.5% win rate
CMS TECHNO SERVICES
9.1% win rate
22
₹59.26 Lakh
21
95.5%
2
₹3.74 Lakh
CMS TECHNO SERVICES
Total Bids
22
₹59.26 Lakh
Qualified
21
95.5%
Wins
2
₹3.74 Lakh
9.1% win rate
HOWRAH STEEL & METALCRAFTS PRIVATE LIMITED
0.0% win rate
23
₹2.24 Cr
14
60.9%
0
₹0
HOWRAH STEEL & METALCRAFTS PRIVATE LIMITED
Total Bids
23
₹2.24 Cr
Qualified
14
60.9%
Wins
0
₹0
0.0% win rate
CHHAYA ENGINEERING WORKS
0.0% win rate
16
₹38.31 Lakh
16
100.0%
0
₹0
CHHAYA ENGINEERING WORKS
Total Bids
16
₹38.31 Lakh
Qualified
16
100.0%
Wins
0
₹0
0.0% win rate
Company Profile
CINU27109WB1995PTC067171
Class
Private
Status
Active
Founded1995

Financial Details

Authorized Capital₹20.0L
Paid-up Capital₹8.5L

Registered Office

108/1 DHARMATALA RDGHUSURINA-HOWRAH-West Bengal-711107-India

Industry Classification

Manufacturing (Metals & Chemicals, and products thereof)

NIC Code27109

Company Type

CategoryCompany limited by shares
Sub-CategoryNon-government company
Origin
Indian

Market Information

Listing Status
Unlisted
ROCROC Kolkata
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Historical Performance

7-year trend analysis (2018-2025)

Historical Data

Company Overview (1 Apr 2018-31 Mar 2025))

Total Bids

89

Qualified: 46
Q Rate: 51.7%

Contract Value

₹9.54 Cr

Avg. Bid: ₹7.44 Lakh
Avg. EMD: ₹0

L1 Bids

6

Win Rate: 6.7%
Q to W Ratio: 13.0%

Recent Win Rate

9.6%

Change: +6.9%
Period: FY 2024-25

Performance Analytics

Last 7 Years
Performance Trend
Win/Loss Distribution
Contract Value Growth Over Time

VIKASH FORGE PVT.LTD.: Business Analysis and Strategic Recommendations

Vikash Forge Pvt.Ltd. demonstrates a developing presence in the Indian government tender landscape, marked by a 5.8% win rate across 86 bids and securing contracts worth ₹9.29 Crore. This comprehensive business analysis delves into their financial performance, competitive positioning, and strategic opportunities within the steel manufacturing sector. The aim is to provide actionable recommendations for enhanced growth and improved market penetration.

Executive Summary

VIKASH FORGE PVT.LTD. has actively participated in 86 government tenders, achieving 5 L1 positions. Their current win rate stands at 5.8%, with a total secured contract value of ₹9,29,01,236.0. While the company shows promising engagement, a Critical financial health score of 26.6/100 indicates significant areas for improvement. Key challenges include a low bid efficiency and competitive disadvantages in specific price ranges. This analysis identifies strategic opportunities to refine their bidding approach, enhance technical compliance, and strengthen their competitive position within the steel manufacturing sector. Strategic recommendations focus on selective bidding, improved pricing, and targeted market expansion.

Financial Performance

Overall Financial Health

VIKASH FORGE PVT.LTD.'s financial health is currently rated as 'Critical,' with a score of 26.6/100. This assessment considers win rate, contract value, bid efficiency, growth, and consistency.

  • Win Rate: The company achieved an 8.16% win rate in the latest financial period, securing 4 out of 49 bids.