Overview

NWDCo Software Solutions LLP, a Mumbai‑headquartered enterprise technology firm founded in 2001 by brothers Nishir and Maulik Gordhandas, announced the launch of Shrevit, an AI‑powered procurement platform designed to bring the transparency and auditability of India’s Government e‑Marketplace (GeM) to private enterprises. The platform targets large organisations and conglomerates across sectors such as real estate, hospitality, manufacturing, healthcare, and education.

End‑to‑End Procurement Workflow

Shrevit structures the procurement lifecycle into eight connected stages: onboard, verify, tender, evaluate, negotiate, approve, award, and report. All vendors, tenders and decisions reside in a single digital workspace, providing procurement heads, finance teams and CFOs with a unified source of truth.

AI‑Driven Vendor Onboarding and Verification

During onboarding, Shrevit’s AI reads uploaded documents—including GST certificates, PAN cards and other statutory papers—to extract the legal entity name, GSTIN, PAN, business category and bank account details. The system then automatically validates:

  • Identity and registration
  • Tax and statutory compliance
  • Financial health
  • Bankruptcy status
  • Foreign directorship

Based on these checks, each supplier receives a supplier readiness score before being invited to bid.

AI‑Assisted Bid Evaluation

At the evaluation stage, the AI compares technical and commercial submissions against buyer‑defined weightages (e.g., a 60:40 split between quality and price). Vendors are ranked L1, L2, L3, even when some submit partial bids, and any deviations are flagged for reviewer attention prior to award.

Negotiation and Auction Tools

Shrevit includes live reverse‑auction capabilities to foster competitive sourcing. While the AI generates recommendations, final decisions remain with the procurement team.

Auditability and Compliance

Every action—tender publication, vendor count, sealed‑bid opening, scoring weight lock, auction closure and award approval—is captured in a time‑stamped activity log. Multi‑level, role‑based approvals are routed according to value thresholds, involving procurement officers, finance heads, CFOs and managing directors. Audit‑ready reports can be exported on demand, and real‑time dashboards monitor spend under management, procurement cycle times and the proportion of verified vendors.

Security, Certifications and Cloud Architecture

Shrevit runs on a private‑cloud environment per installation, with enterprise‑grade security controls. NWDCo is ISO/IEC 27001:2022 certified and partners with AWS, Microsoft Azure and Google Cloud for deployment.

System Integrations

The platform integrates with major ERP and business applications, including SAP S/4HANA, Oracle, Microsoft Dynamics, Zoho, Salesforce, GEP, single sign‑on solutions, ServiceNow, Power BI, and payment gateways such as Razorpay.

Implementation Timeline

According to NWDCo, implementation can be completed within days, subject to client inputs and approvals.

Corporate Background

Over 25 years, NWDCo has grown into an enterprise technology consulting and digital transformation company with offices in Mumbai, Dubai and Hong Kong. Its existing client base spans large organisations and conglomerates in India and abroad, though the press release does not claim that these clients are using Shrevit.

Strategic Rationale

Founder & CEO Nishir Gordhandas stated, “Having spent 25 years building technology solutions for enterprises, we understand that the real value of innovation lies in solving complex business challenges with simplicity, transparency, and trust. With Shrevit AI, we are bringing this philosophy to procurement by combining AI‑powered vendor verification, intelligent analysis, and digital tendering to help organisations make more informed decisions and build greater confidence in their procurement processes.” The platform is positioned as a “GeM moment for the private sector,” aiming to shift procurement from a back‑office function to a strategic, governance‑driven activity where every rupee of spend can withstand audit scrutiny.

Target Sectors

Shrevit is marketed to large enterprises in real estate, hospitality, manufacturing, healthcare, education and other conglomerates seeking a transparent, rule‑bound procurement environment.