covetus technologies private limited
Tender Performance & Track Record
Company Overview
Tender Performance
Data for 01 April 2024 to 14 September 2025
Total Bids / Contract Value
Qualified Bids / Q Rate
Total Wins / Win Value
Wins Rate / Q-W Rate
Detailed Performance Analysis
Top Bid Competitors
Companies that frequently compete with you in the same tenders — ranked by their total win value.You applied for 2 bids — NEURALIX.AI PRIVATE LIMITED appeared in 2 of them.
COVETUS TECHNOLOGIES PRIVATE LIMITED
COVETUS TECHNOLOGIES PRIVATE LIMITED
Financial Details
Registered Office
Plot No. 256, Part 2 Scheme Number 78 Near Vrandavan RestorentNA-INDORE-Madhya Pradesh-452010-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
2
Contract Value
₹24.89 Lakh
L1 Bids
0
Recent Win Rate
0.0%
Performance Analytics
Covetus Technologies: Government Tender Performance Analysis
Covetus Technologies Private Limited is beginning to establish a presence in India's government tender ecosystem with participation in 2 tenders between April 2024 and March 2025. This initial analysis examines their early tender participation, technical qualification rate, and emerging procurement strategy, focusing primarily on the Ministry of Defence. Their financial health score currently stands at 22.5, categorized as 'Critical', based on TenderAI scoring, which considers win rate, contract value, bid efficiency, growth, and consistency.
Their market positioning is currently in the nascent stage, with bids concentrated in the Ministry of Defence, specifically the Department of Defence and Department of Military Affairs. Covetus Technologies has a qualification rate of 50.0% during FY 2024-25, indicating an area for potential improvement in aligning with technical specifications. Understanding their current standing allows for targeted strategies to improve their performance in future government tenders. As Covetus Technologies continues to bid, this data will offer insight into their competitive positioning.
Their current focus is on the Ministry of Defence, and within that, the Department of Defence and Department of Military Affairs. Improving their qualification rate in these key areas could significantly boost their overall success in government procurement. This detailed analysis of Covetus Technologies's initial tender performance provides a solid foundation for strategic improvements.
Financial Performance Analysis
Covetus Technologies has participated in government tenders primarily in FY 2024-25. Their financial performance is summarized below:
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Yearly Trends: From FY 2018-19 to FY 2023-24, Covetus Technologies did not participate in any tenders. In FY 2024-25, they submitted 2 bids, achieving a qualification rate of 50.0% but no wins. The total contract value for FY 2024-25 was ₹24,89,250.
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Quarterly Patterns: There is insufficient data to determine quarterly patterns as the company's participation is concentrated in FY 2024-25.