Total bids
23
24 including cancelled tenders
Awarded
7
14 lost · 0 still pending
Awarded value
₹618.8 Cr
of ₹1.8K Cr bid — 34.6% conversion
Win rate
30.4%
of 23 decided bids
Bid outcomes
Lost bids carry more value than won ones — they chase big and lose bigBy count23 bids
30.4%
60.9%
Awarded730.4%
Pending00.0%
Tech rejected28.7%
Lost1460.9%
By value₹1.8K Cr
34.6%
26.9%
38.6%
Awarded₹618.8 Cr34.6%
Pending₹00.0%
Tech rejected₹481.0 Cr26.9%
Lost₹690.4 Cr38.6%
Where they win
1 authority · 0 statesTop buyer organisations
Operating states
LowHigh
7 awards on central/PSU portals carry no state
Top competitors
In tenders they both bid · bar shows how the awards splitRival awardedKARVI ASSOCIATES awardedOthers
Recent tenders awarded to KARVI ASSOCIATES
- Zonal Rate Contract under Cat-II (Rs.0-50 Lakhs) at locations under Rajasthan State Office.IndianOil · 6 Oct 2025₹0
- CAPEX Rate Contract CategoryII works upto Rs. 30.00 Lacs for carrying out Construction of KSKs, B Site ROs, additional facilities in existing ROs, maintenance works of higher values i.e. more than Rs.2.00 lacs at Retail Outlets/KSKs etc as per tenderIndianOil · 30 Jul 2021₹1
- Empanelment of contractors for Execution of various types and nature of Engineering works under Madhya Pradesh State Office under Category I Rs 0 to 100 Lacs and Category II Rs 100 to 200 lacsIndianOil · 29 Jul 2021₹1
- CAPEX Rate Contract under Category II i.e Rs.0 to 30 Lakhs for carrying out Capital or revenue works at ROs including KSKs and B site ROs, Consumer Outlets, Depots, Terminals, Lube and LPG Plants, AFSs, Buildings etc under VARIOUS DOs of UPSO I.IndianOil · 18 Jul 2021₹210.5 Cr
- CAPEX Rate Contract under Category-II works (0 - 30 Lacs) for carrying out Capital / Revenue works including Major maintenance works (above 2 Lakhs) under the 4 Divisional Offices of Rajasthan State Office.IndianOil · 13 Nov 2019₹328.8 Cr
About KARVI ASSOCIATES
KARVI ASSOCIATES appears as a bidder on 24 government tenders on record, from 1 buyer authority on central and PSU portals. Of its 23 decided bids, it was awarded 7 — a 30.4% win rate — worth ₹618.8 Cr in total. Its most recent award on record is from 25 Feb 2026.
Its largest buyer by awarded value is IndianOil, at 100.0% of what it has won. On priced bids, its median quote is the lowest (L1).
It most often bids against Milestone Enterprises, yash enterprises and Yagya Enterprises. Milestone Enterprises bid on 13 of the same tenders and won 5 of them; KARVI ASSOCIATES won 5.