thyrocare technologies 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
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 24 bids — ACER DIAGNOSTICS PRIVATE LIMITED appeared in 12 of them.
THYROCARE TECHNOLOGIES LIMITED
THYROCARE TECHNOLOGIES LIMITED
Financial Details
Registered Office
D37/1, TTC INDUSTRIAL AREA, MIDC, TURBHE,NA-NAVI MUMBAI-Maharashtra-400703-India
Industry Classification
Community, personal & Social 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
21
Contract Value
₹21.70 Cr
L1 Bids
9
Recent Win Rate
46.7%
Performance Analytics
Executive Summary: Thyrocare Technologies Limited Tender Performance Analysis
Thyrocare Technologies Limited has demonstrated consistent engagement in the Indian government tender landscape. This comprehensive analysis, powered by TenderAI, provides insights into their tender performance metrics, financial health, market positioning, and competitive landscape. Between FY2022-23 and FY2024-25, Thyrocare has actively participated in the government procurement process.
Key performance highlights include a 40.0% overall win rate across 20 tenders, demonstrating their ability to secure government contracts. Their technical qualification rate stands at 75.0%, highlighting their strong compliance capabilities. Notably, they have secured 8 L1 bids, indicating their competitive pricing strategies.
Based on TenderAI scoring, Thyrocare's financial health is assessed as "Good" with a score of 69.5/100. This score is derived from several components including win rate, contract value, bid efficiency, growth, and consistency. The analysis considers their performance up to March 2025.
Thyrocare's market positioning is characterized by a dominant presence, particularly in the Ministry of Power tenders. They have also demonstrated experience with the Ministry of Petroleum and Natural Gas, Ministry of Defence, and other key departments. However, they face competition from players like ACER DIAGNOSTICS PRIVATE LIMITED and PATHKIND DIAGNOSTICS PRIVATE LIMITED.
This report provides a detailed analysis of Thyrocare Technologies Limited's tender performance, offering strategic recommendations to optimize their bidding strategy, enhance their competitive positioning, and drive future growth in the Indian government procurement sector.