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Tender Performance & Track Record

Company Overview

Summary
ICONET SERVICES: Comprehensive Government Tender Analysis This report provides an in-depth business analysis of ICONET SERVICES, focusing on their participation and performance in government tenders. With a portfolio of 899 government tender participations and a 33.8% win rate, ICONET SERVICES demonstrates a solid presence in India's public procurement landscape. This analysis examines their bidding strategies, financial performance, competitive positioning, and provides strategic recommendations for future growth.
Primary Ministry: Ministry of DefencePrimary Department: Department of Military Affairs
Primary Ministry:
Ministry of Defence
Primary Department:
Department of Military Affairs

Tender Performance

Data for 01 April 2024 to 14 September 2025

Live Data

Total Bids / Contract Value

Bids172
Value₹67.95Cr

Qualified Bids / Q Rate

Bids111
Q Rate64.5%

Total Wins / Win Value

Win51
Value₹1.81Cr

Wins Rate / Q-W Rate

Rate29.6%
Q-W Rate46.0%

Detailed Performance Analysis

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Tender Performance by Ministries

12 entries

Name

Bids
Value
Qualified
Wins
Value

Ministry of Defence

27.2% win rate
92
₹8.65 Cr
58
25
₹72.27 Lakh

Ministry of Defence

Bids
92
₹8.65 Cr
Qualified
58
Wins
25
₹72.27 Lakh
27.2% win rate

Ministry of Power

46.7% win rate
15
₹1.04 Cr
14
7
₹35.45 Lakh

Ministry of Power

Bids
15
₹1.04 Cr
Qualified
14
Wins
7
₹35.45 Lakh
46.7% win rate

Ministry of Civil Aviation

40.0% win rate
10
₹1.07 Cr
9
4
₹27.13 Lakh

Ministry of Civil Aviation

Bids
10
₹1.07 Cr
Qualified
9
Wins
4
₹27.13 Lakh
40.0% win rate

Ministry of Railways

44.4% win rate
9
₹13.22 Lakh
5
4
₹6.30 Lakh

Ministry of Railways

Bids
9
₹13.22 Lakh
Qualified
5
Wins
4
₹6.30 Lakh
44.4% win rate

Ministry of Coal

12.5% win rate
8
₹83.63 Lakh
6
1
₹6.72 Lakh

Ministry of Coal

Bids
8
₹83.63 Lakh
Qualified
6
Wins
1
₹6.72 Lakh
12.5% win rate

Ministry of Home Affairs

0.0% win rate
6
₹48.95 Cr
2
0
₹0

Ministry of Home Affairs

Bids
6
₹48.95 Cr
Qualified
2
Wins
0
₹0
0.0% win rate

PMO

80.0% win rate
5
₹16.29 Lakh
5
4
₹16.02 Lakh

PMO

Bids
5
₹16.29 Lakh
Qualified
5
Wins
4
₹16.02 Lakh
80.0% win rate

Department of Space

0.0% win rate
2
₹5.83 Lakh
1
0
₹0

Department of Space

Bids
2
₹5.83 Lakh
Qualified
1
Wins
0
₹0
0.0% win rate

Ministry of Mines

100.0% win rate
2
₹3.47 Lakh
2
2
₹3.47 Lakh

Ministry of Mines

Bids
2
₹3.47 Lakh
Qualified
2
Wins
2
₹3.47 Lakh
100.0% win rate

Ministry of Ports, Shipping and Waterways

0.0% win rate
2
₹2.07 Lakh
1
0
₹0

Ministry of Ports, Shipping and Waterways

Bids
2
₹2.07 Lakh
Qualified
1
Wins
0
₹0
0.0% win rate

Ministry of Steel

50.0% win rate
2
₹6.38 Lakh
2
1
₹47K

Ministry of Steel

Bids
2
₹6.38 Lakh
Qualified
2
Wins
1
₹47K
50.0% win rate

Ministry of Finance

100.0% win rate
1
₹4.51 Lakh
1
1
₹4.51 Lakh

Ministry of Finance

Bids
1
₹4.51 Lakh
Qualified
1
Wins
1
₹4.51 Lakh
100.0% win rate

Top Bid Competitors

Companies that frequently compete with you in the same tenders — ranked by their total win value.You applied for 172 bids — SPHERE COM SERVICES PRIVATE LIMITED appeared in 49 of them.

Company
Total Bids
Value
Qualified
Rate
Wins
Value

ICONET SERVICES

Your Company
29.6% win rate
172
₹67.95 Cr
111
64.5%
51
₹1.81 Cr

ICONET SERVICES

Your Company
Total Bids
172
₹67.95 Cr
Qualified
111
64.5%
Wins
51
₹1.81 Cr
29.6% win rate
SPHERE COM SERVICES PRIVATE LIMITED
16.3% win rate
49
₹42.10 Cr
29
59.2%
8
₹19.42 Cr
SPHERE COM SERVICES PRIVATE LIMITED
Total Bids
49
₹42.10 Cr
Qualified
29
59.2%
Wins
8
₹19.42 Cr
16.3% win rate
SANCHAR WIRELESS COMMUNICATIONS LIMITED
30.0% win rate
20
₹51.14 Cr
9
45.0%
6
₹11.66 Cr
SANCHAR WIRELESS COMMUNICATIONS LIMITED
Total Bids
20
₹51.14 Cr
Qualified
9
45.0%
Wins
6
₹11.66 Cr
30.0% win rate
VERTEL DIGITAL PRIVATE LIMITED
37.0% win rate
46
₹59.21 Cr
30
65.2%
17
₹6.94 Cr
VERTEL DIGITAL PRIVATE LIMITED
Total Bids
46
₹59.21 Cr
Qualified
30
65.2%
Wins
17
₹6.94 Cr
37.0% win rate
VERTEL INFOTEL PRIVATE LIMITED
35.3% win rate
34
₹4.47 Cr
26
76.5%
12
₹3.14 Cr
VERTEL INFOTEL PRIVATE LIMITED
Total Bids
34
₹4.47 Cr
Qualified
26
76.5%
Wins
12
₹3.14 Cr
35.3% win rate
E. BIZ SOLUTION PRIVATE LIMITED.
17.6% win rate
17
₹1.72 Cr
12
70.6%
3
₹55.96 Lakh
E. BIZ SOLUTION PRIVATE LIMITED.
Total Bids
17
₹1.72 Cr
Qualified
12
70.6%
Wins
3
₹55.96 Lakh
17.6% win rate
ANTRIKSH TECHNOSYS PRIVATE LIMITED
23.5% win rate
51
₹1.93 Cr
27
52.9%
12
₹30.83 Lakh
ANTRIKSH TECHNOSYS PRIVATE LIMITED
Total Bids
51
₹1.93 Cr
Qualified
27
52.9%
Wins
12
₹30.83 Lakh
23.5% win rate
UNIQUE SOLUTION
10.0% win rate
20
₹71.91 Lakh
5
25.0%
2
₹2.11 Lakh
UNIQUE SOLUTION
Total Bids
20
₹71.91 Lakh
Qualified
5
25.0%
Wins
2
₹2.11 Lakh
10.0% win rate
QUANTUM COMMUNICATIONS SOLUTIONS
15.8% win rate
19
₹56.87 Lakh
7
36.8%
3
₹1.64 Lakh
QUANTUM COMMUNICATIONS SOLUTIONS
Total Bids
19
₹56.87 Lakh
Qualified
7
36.8%
Wins
3
₹1.64 Lakh
15.8% win rate
P. COM. SOLUTIONS PRIVATE LIMITED
11.1% win rate
18
₹19.29 Cr
4
22.2%
2
₹68K
P. COM. SOLUTIONS PRIVATE LIMITED
Total Bids
18
₹19.29 Cr
Qualified
4
22.2%
Wins
2
₹68K
11.1% win rate
R D WIRELESS SOLUTIONS INDIA PRIVATE LIMITED
0.0% win rate
18
₹98.84 Lakh
3
16.7%
0
₹0
R D WIRELESS SOLUTIONS INDIA PRIVATE LIMITED
Total Bids
18
₹98.84 Lakh
Qualified
3
16.7%
Wins
0
₹0
0.0% win rate
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Historical Performance

7-year trend analysis (2018-2025)

Historical Data

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

Total Bids

899

Qualified: 605
Q Rate: 67.3%

Contract Value

₹160.05 Cr

Avg. Bid: ₹6.91 Lakh
Avg. EMD: ₹15.17 Lakh

L1 Bids

304

Win Rate: 33.8%
Q to W Ratio: 50.2%

Recent Win Rate

28.0%

Change: -15.9%
Period: FY 2024-25

Performance Analytics

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

ICONET SERVICES: Comprehensive Government Tender Analysis

This report provides an in-depth business analysis of ICONET SERVICES, focusing on their participation and performance in government tenders. With a portfolio of 899 government tender participations and a 33.8% win rate, ICONET SERVICES demonstrates a solid presence in India's public procurement landscape. This analysis examines their bidding strategies, financial performance, competitive positioning, and provides strategic recommendations for future growth.

Executive Summary

ICONET SERVICES exhibits a strong commitment to the government sector, evident through their consistent participation in numerous tenders. Key performance indicators include:

  • Win Rate: A respectable 33.8% win rate across all tenders, indicating effective bidding strategies.
  • Financial Growth: Secured contracts worth ₹1,60,04,61,685.0 highlighting significant revenue generation from government projects.
  • Market Positioning: A prominent player in the Ministry of Defence and related sectors, demonstrating specialized expertise.

The analysis further explores ICONET SERVICES's financial performance, competitive environment, and internal capabilities to formulate actionable strategies.

Financial Performance of ICONET SERVICES