the new india assurance company 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 534 bids — UNITED INDIA INSURANCE COMPANY LIMITED appeared in 347 of them.
THE NEW INDIA ASSURANCE COMPANY LIMITED
THE NEW INDIA ASSURANCE COMPANY LIMITED
Financial Details
Registered Office
NEW INDIA ASSURANCE BLDG87 M G ROAD FORTNA-MUMBAI-Maharashtra-400001-India
Industry Classification
Insurance
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
756
Contract Value
₹5997.13 Cr
L1 Bids
257
Recent Win Rate
30.2%
Performance Analytics
THE NEW INDIA ASSURANCE COMPANY LIMITED: Business Analysis and Strategic Outlook
THE NEW INDIA ASSURANCE COMPANY LIMITED demonstrates a solid presence in the government tender landscape, achieving a 34% win rate across 748 bids. This comprehensive business analysis explores their financial performance, competitive positioning, and strategic recommendations to enhance their market presence in the insurance sector.
Executive Summary
THE NEW INDIA ASSURANCE COMPANY LIMITED showcases strong engagement in government procurement, participating in 748 tenders and securing 254 L1 positions. Their 34% win rate highlights effective bidding strategies. With a financial health score of 76.2/100, the company demonstrates good overall financial stability. However, a 24.9% year-over-year decline in contract value suggests areas for strategic improvement. Key performance indicators include a qualification rate of 87%, indicating strong compliance, and a focus on specialized sectors such as the Department Of Defence Production and engagement with organizations like Airports Authority Of India.
Financial Performance
Revenue and Contract Value
THE NEW INDIA ASSURANCE COMPANY LIMITED has demonstrated a significant presence in government contracts, securing projects worth ₹59,77,37,55,757.0. This substantial contract value underscores their ability to win and manage large-scale government projects. Key highlights of their financial performance include:
- Total Contract Value: ₹59,77,37,55,757.0