NexTenders (India) Private Limited is part of the Next Markets Group with offices in Mumbai and South Carolina-USA, and representative offices in Italy and Hong Kong. The Group was formed in the year 2000.

The Group provides Internet-based software solutions to enable businesses and professionals to migrate their business processes online. Banking on the inherent efficiencies offered by the Internet through its 'anytime-anywhere' facilities, its core competency lies in offering business-to-business software consultancy and solutions.

The Group’s core products and services are Application Service Provider (‘ASP’) based e-marketplaces, e-business portals, and electronic tender management systems with complete transactional facilities.

The first major industry targeted by the Next Markets Group was the US$25 billion global textile machinery industry. An e-marketplace http://www.textileparts-online.com (‘TPO’) was developed in-house to address the needs of the textile machinery parts, accessories, and services industry.

TPO is the first comprehensive global electronic marketplace for textile parts and services. It enables manufacturers and end-users to reduce transaction and fulfillment costs, provide consumers of textile parts and services with new procurement options, and suppliers access to new markets. By providing these services, TPO can enable the optimization of the textile machinery industry’s supply chain.

In early 2002, Next Markets envisaged that Public Sector Entities (‘PSE’) such as state governments, PSUs, etc. in India ought also to benefit from internet-age efficiencies applied to their business processes. Next Markets realized that a critical area for PSE, viz. tendering, had not been suitably addressed by the IT industry and that there was substantial scope for an Indian PSE to reduce costs and increase efficiencies by addressing this area.

Next Markets realized that PSE procurement, or tendering, was a unique set of business processes that required a customized solution. As a result, and after 9 months of in-house development, Next Markets has released in December 2002 its NexTenders electronic tender management system, available for a PSE either as a hosted ASP service or as a readily procurable license. NexTenders replaces the 50-year-old manual government procurement systems with computerized web-interfaced alternatives.

NexTenders is at Level 4 – Integrated Process in E-tendering sophistication. At this level, tender and bid preparations are integrated processes, replacing manual equivalents and bid evaluations are part of the integrated process stream. NexTenders tendering system is live in Chhattisgarh at level-4 .

Key Executives:

Tapan Mehta (CEO)-Co-Founder, Next Markets

• B. Sc in Mathematics from Edinburgh University
• Masters in Mathematics from Kings College, London
• 9 Years Management and Marketing experience in India and Europe