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TendersOnTime, the largest tenders’ aggregator, is based out of Maharashtra. TendersOnTime- GeM service provider provides a complete range of services like Maharashtra Company registration on the GeM portal, Assessment of Maharashtra vendors, Brand approval for Maharashtra based company on the GeM portal, and help to Maharashtra based organizations in participating GeM bids, reverse auctions and forward auctions, etc.
According to the International Monetary Fund (IMF) projections, Maharashtra's Gross Domestic Product (GDP) on a purchasing power parity (PPP) basis is expected to reach approximately $2.8 trillion by 2025. This projection places Maharashtra's economy among the largest sub-national economies globally, reflecting its significant role in India's overall economic landscape. Contributing 15% of India's total GDP on a PPP basis, Maharashtra plays a vital role in the national economy. Its economic strength fuels development across various sectors throughout India.
Since public procurement on the GeM portal is increasing at a very fast pace, GeM portal registration and supply have become a necessity for many organizations, be it an MSME company or a trader or a private limited company. TendersOnTime helps its clients win direct orders and make their offers presentable to the supplier community. Accordingly, TendersOnTime is receiving tremendous response and becoming the preferred vendor for availing GeM related services.
As of recent estimates, Maharashtra, particularly its capital city Mumbai, is home to a significant number of billionaires and millionaires. Mumbai, the financial hub of India, is home to 92 billionaires, making it the city with the highest number of billionaires in India and surpassing many global cities in billionaire count. The city boasts around 59,400 millionaires, making it the wealthiest city in India in terms of millionaire population.
Here are the 2025 estimates of Maharashtra's contribution to India's GDP, direct tax collection (Income Tax), customs duty collection, foreign trade and stock market assets:
GDP:Maharashtra is projected to contribute approximately 15% to India’s GDP by 2025. The state is known for its robust industrial base, particularly in the cities of Mumbai and Pune, which are major economic hubs. The state's GDP is expected to continue growing, driven by its diverse industries, including manufacturing, finance, and IT services.
Direct tax collection:Maharashtra contributes significantly to India's direct tax revenues. For the fiscal year 2023-24, the state accounted for about 38% of the total direct tax collection in India. This trend is expected to continue through 2025, reflecting the state's strong economic activity and high-income population.
Customs duty collection:Maharashtra, with its significant ports like Mumbai and Nhava Sheva (Jawaharlal Nehru Port), is a key player in India's foreign trade. The state contributes around 20-25% of the national customs duty collection, thanks to its bustling ports and high volume of imports and exports.
Foreign trade:Maharashtra is a leading state in terms of foreign trade, contributing significantly to both exports and imports. In 2022, the state accounted for approximately 23% of India’s total exports and 20% of the total imports. This is expected to grow as the state continues to develop its infrastructure and ease-of-doing-business initiatives.
Stock market assets:Mumbai, the financial capital of India, is home to major stock exchanges like the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). Maharashtra accounts for a substantial share of India's stock market assets. In 2023, the state's contribution to the national stock market capitalization was estimated to be over 50%, reflecting its dominant role in the country's financial markets.
While participating in the GeM government tenders process, Maharashtra suppliers need to take a few precautions. Here also, TendersOnTime acts as Government E-Marketplace Consultants and helps micro and small enterprises from Maharashtra by way of providing GeM-related consultancy services, which include but are not limited to:
Help in uploading the products to Maharashtra dealers.
Help in providing proper delivery details.
Guidance in logistic services and arranging the most suitable vendors.
Delivery-related issues faced by Maharashtra vendors registered on the GeM portal.
Providing regular updates related to suppliers' accounts.
Maharashtra suppliers new to the GeM portal facing difficulties at various levels can count on TendersOnTime's award-winning GeM related services like:
Maharashtra Company Registration
Maharashtra Vendor Assessment on the GeM portal
Approval of brands for Maharashtra-based companies
Catalogue upload and approval services on the GeM portal
Help Maharashtra -based suppliers participate in Reverse and Forward Auctions.
Selling through the GeM portal can bring immense advantages to Maharashtra-based companies, including raising their top and bottom lines. Below are some of the advantages which Maharashtra contractors and suppliers can avail while supplying through the GeM portal:
Direct access to major Banks, PSUs, Railway requirements, etc.
No need to spend on marketing.
Single platform for bids and reverse auction for most products and services.
Facility to change prices based on market conditions.
Get auto notifications of bids related to your product category.
Sell with complete transparency and easiness.
Sell from the comfort of your office.
Access to the comprehensive dashboard to monitor orders, supplies and payment status.
Maharashtra suppliers can completely outsource their GeM-related work to GeM service provider like TendersOnTime. This will not only release some of the bandwidth from their organization but will also help them concentrate more on their core activities.
TendersOnTime's GeM experts are well-versed with all the functionalities and processes of the GeM portal and thus can take complete charge of providing top-notch GeM support service. There are a few exclusive features of the GeM Portal that Maharashtra suppliers must know:
1. To bring transparency in the procurement function, GeM has provided a provision wherein a disqualified bidder can challenge its rejection. The bid can't proceed further unless and until the purchasing authority replies to the challenge/concern raised by the bidder. Furthermore, the procurement process is faceless and transparent; the seller’s identity is not revealed till the opening of L1.
2. Availability of a wide variety of procurement methods like Push Button Procurement (up to a maximum of Rs. 5 Lacs), Direct Procurement, Lowest price offer and Bid/Reverse auction.
3. The First government-owned procurement portal has processed around 1.5 Crore orders amounting to approximately Rupees 375,000 Crores.
4. Products and services are categorized in a very detailed/Wide category list, with total Product Categories of around 11,475 and Service Categories in 283 categories.
5. Registered Products: 3,258,541 and Service Offerings: 267,242
6. Equipped with advanced analytics for the decision support system and fraud and anomaly detection.
Though the GeM portal registration process, GeM portal login and product/service offering are complete online and free of cost, suppliers and bidders from Maharashtra often find it difficult to register and participate in the bidding process successfully. This is where GeM Consultants in Maharashtra -TendersOnTime offers value addition at a fraction of the cost.
Further, TendersOnTime encourages start-ups, women-owned businesses and MSMEs for GeM portal registration, participation in bids, and get preferences as per the prevalent procurement policies/rules.
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