thermochem furnaces private limited
Tender Performance & Track Record
Company Overview
Tender Performance
Data for 01 April 2024 to 15 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 7 bids — S S THERMAL SOLUTIONS appeared in 4 of them.
THERMOCHEM FURNACES PRIVATE LIMITED
THERMOCHEM FURNACES PRIVATE LIMITED
Financial Details
Registered Office
Plot No. 1604, G.I.D.C. Phase - IV Wadhwan CityNA-Wadhwan-Gujarat-363035-India
Industry Classification
Manufacturing (Machinery & Equipments)
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
22
Contract Value
₹19.70 Cr
L1 Bids
0
Recent Win Rate
0.0%
Performance Analytics
THERMOCHEM FURNACES PRIVATE LIMITED: Tender Performance Analysis
Executive Summary
Thermochem Furnaces Private Limited has actively participated in Indian government tenders, demonstrating its presence in the public procurement landscape. As of March 2025, the company has submitted 22 bids. However, the analysis reveals a 0.0% win rate, suggesting significant challenges in converting qualified bids into won contracts. The company’s qualification rate stands at 45.5%, indicating room for improvement in meeting technical specifications. Financial analysis indicates a total contract value of ₹19,69,98,406, secured across various departments and ministries. The company's financial health score is assessed as 'Critical' at 15.0/100, based on factors like win rate, contract value, bid efficiency, growth, and consistency, according to TenderAI's scoring components.
Thermochem Furnaces primarily targets the Ministry of Defence, specifically the Department of Defence Production, along with involvement in the Department of Atomic Energy and Department of Defence Research & Development. Their market positioning currently reflects challenges in converting bid participation into successful contract acquisitions. A targeted approach to address qualification criteria and competitive pricing strategies is crucial for future growth.
Financial Performance Analysis
Yearly Trends
The following table summarizes Thermochem Furnaces' yearly performance in government tenders:
| Year | Bid Count | Win Count | Qualified Count | Qualification Rate | Win Rate | Total Contract Value (₹) |