Surety Bond Application - GeM x axiTrust

Submit the form and check your eligibility for Surety Bond

Seller Name:

HYBRID FLEET MANAGEMENT PRIVATE LIMITED

PAN Number

AA******4K

PAN from GeM records, masked for security.

Email Address

man***@hybridfm.in

Email from GeM records. Updates will be sent here.

Mobile Number

98******84

Phone from GeM records, masked for security.

I authorise axiTrust to share the information with IRDAI-registered Insurer(s) for Surety Bond application so they may assess my application, perform KYC, and provide quotations. I understand that axiTrust is a technology platform, not an insurer or insurance intermediary and that any policy will be underwritten and issued solely by the insurer.

Hello, HYBRID FLEET MANAGEMENT PRIVATE LIMITED!

Indian Oil Corporation Limited is accepting Surety Bond as EMD for its GeM Bid GEM/2026/B/113694.

Verified

Ministry

Ministry of Petroleum and Natural Gas

Beneficiary

Rashmi Sharma

Bond Type

Bid Bond

Bond Value

Rs. 5,05,000

Bid Start Date

23-05-2026

Bid End Date

30-05-2026

What is Surety Bond?

Surety Bond is a type of EMD issued by Insurance Company and a capital efficient alternative to Bank Guarantees.

Insurance-backed Guarantee

Regulated and approved by IRDAI

Minimum Capital Lock-in

Unlike Bank Guarantees, your working capital stays free

Accepted across Tender Lifecycle

Bonds available for Bid, Advance Mobilisation, Performance & Retention

Trust & Compliance

axiTrust is a technology platform that helps GeM sellers discover, apply for, and obtain Surety Bond Insurance from IRDAI-registered insurers. We provide the digital infrastructure behind the journey - seller onboarding, eligibility and KYC checks, digital document execution through NeSL's DDE framework, and secure payment facilitation - connecting each seller with their chosen insurance partner. The Surety Bond is underwritten, priced, and issued solely by the partner insurer; axiTrust's role is limited to enabling the technology and process workflow.