Total bids
46
47 including cancelled tenders
Awarded
3
35 lost · 0 still pending
Awarded value
₹5.7 Cr
of ₹775.8 Cr bid — 0.7% conversion
Win rate
6.5%
of 46 decided bids
Bid outcomes
Lost bids carry more value than won ones — they chase big and lose bigBy count46 bids
17.4%
76.1%
Awarded36.5%
Pending00.0%
Tech rejected817.4%
Lost3576.1%
By value₹775.8 Cr
32.8%
66.5%
Awarded₹5.7 Cr0.7%
Pending₹00.0%
Tech rejected₹254.3 Cr32.8%
Lost₹515.8 Cr66.5%
Where they win
1 authority · 0 statesTop buyer organisations
Operating states
LowHigh
3 awards on central/PSU portals carry no state
Top competitors
In tenders they both bid · bar shows how the awards splitRival awardedTHERMOSYSTEMS awardedOthers
Recent tenders awarded to THERMOSYSTEMS
- Fire Fighting and Fire Protection at LC Trombay.IndianOil · 13 May 2019₹2.1 Cr
- TANKAGE WORKS-IIIndianOil · 22 Dec 2018₹2.2 Cr
- Providing Electrical Tracing and Insulation of pipeline and tanks at IOCL Lube Complex, TrombayIndianOil · 22 Nov 2018₹1.5 Cr
About THERMOSYSTEMS PVT LTD
THERMOSYSTEMS PVT LTD appears as a bidder on 47 government tenders on record, from 6 buyer authorities on central and PSU portals. Of its 46 decided bids, it was awarded 3 — a 6.5% win rate — worth ₹5.7 Cr in total. Its most recent award on record is from 17 Aug 2026.
Its largest buyer by awarded value is IndianOil, at 100.0% of what it has won. On priced bids, its median quote is 14.5% above the lowest bid (L1).
It most often bids against GULF ENGINEERS AND CONSTRUCTORS PRIVATE LIMITED, SOPAN O AND M CO PVT LTD and Times Projects. GULF ENGINEERS AND CONSTRUCTORS PRIVATE LIMITED bid on 15 of the same tenders and won 2 of them; THERMOSYSTEMS PVT LTD won 1.