best barcode system private limited
Tender Performance & Track Record
Company Overview
Tender Performance
Data for 01 April 2024 to 30 October 2025
Total Bids / Contract Value
Qualified Bids / Q Rate
Total Wins / Win Value
Wins Rate / Q-W Rate
Detailed Performance Analysis
Tender Performance by Ministries
Name
Top Bid Competitors
Companies that frequently compete with you in the same tenders — ranked by their total win value.You applied for 15 bids — NEW WAY ELECTRONICS appeared in 3 of them.
BEST BARCODE SYSTEM PRIVATE LIMITED
BEST BARCODE SYSTEM PRIVATE LIMITED
Financial Details
Registered Office
C-1/3 IIND FLOORMADHU VIHAR PATPARGANJNA-NEW DELHI-Delhi-110092-India
Industry Classification
Business Services
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
190
Contract Value
₹11.32 Cr
L1 Bids
30
Recent Win Rate
50.0%
Performance Analytics
Best Barcode System Private Limited: Comprehensive Tender Performance Analysis
Executive Summary:
Best Barcode System Private Limited has participated in 190 government tenders between FY2018-19 and FY2024-25. Their performance reveals a mixed trajectory with periods of strong success and areas needing improvement. The company achieved an overall win rate of 15.8% securing 30 L1 bids. Their technical qualification rate stands at 55.3%, indicating consistent, but not perfect, compliance with tender requirements. Notably, FY2022-23 saw a peak win rate of 52.4%. However, the most recent year, FY2024-25, shows a 50% win rate from only 2 bids. Financial Health is currently assessed as 'Critical' with a score of 29.1/100 driven down by factors detailed later in this analysis. Best Barcode System excels primarily within tenders related to Ministry of Railways, Ministry of Communications, and Department of Posts. This analysis leverages TenderAI's advanced algorithms to provide actionable insights for Best Barcode System and stakeholders in Indian government procurement.
The company faces stiff competition from players like Irvine Technologies Private Limited, requiring strategic adjustments to enhance competitiveness and optimize resource allocation.
The company's historical data reveals cyclical patterns including strong performance in Q2 and Q4, which may reflect strategic bidding during these periods. Furthermore, its bid distribution is concentrated in lower price ranges; it should evaluate expansion into higher value projects.
The company's strengths lie in its established presence within the Ministry of Railways and Ministry of Communications tenders. Weaknesses include inefficient bid processes leading to resource waste, particularly in lower price ranges. Opportunities exist to increase participation in underserved high-value project ranges and to optimize its bid pricing strategy. Threats involve increasing competition from other established vendors.
Financial Performance Analysis
Best Barcode System's financial performance in government tenders presents a fluctuating trend over the years. The following table summarizes their yearly performance from FY2018-19 to FY2024-25: