Mukul Agarwal Holds 1.44 Per Cent Stake: This BFSI Fintech Partners with EMIL; Targeting Rs 1,200 Crore Procurement Value and Over 800 Sellers

Among the major public shareholders are Manju Jain holding 2.57 per cent, Yogesh Andlay with 1.84 per cent, and Mukul Mahavir Agrawal holding 1.44 per cent.

Intellect Design Arena Ltd has announced the strategic partnership with Essel Mining & Industries Limited (EMIL) to transform procurement operations using eMACH.ai CPX an advanced open API based Source to Pay platform. As part of the Aditya Birla Group, EMIL plans to manage an annual procurement value of Rs 1,200 crore through this platform to connect with over 800 sellers. The platform offers multiple procurement modes such as reverse auctions and strategic sourcing, which enhances flexibility and efficiency.

EMIL's Chief Procurement Officer, Ajay Kumar, said that the partnership will help in redefining the procurement strategies and will help in integrating and achieving efficiency in a seamless manner. This collaboration is in line with EMIL's commitment to operational excellence and strategic growth, leveraging Intellect's expertise in procurement technology. According to Debanjan Kumar, CEO of iDTC, this partnership is a turning point in redefining procurement through technology and make businesses like EMIL to achieve their strategic vision with precision and agility.

The company was incorporated in 2011 and is a global leader in financial technology for banking, insurance, and financial services. The company offers a comprehensive portfolio of products across four business verticals: Intellect Global Consumer Banking, Intellect Global Transaction Banking, IntellectAI and Intellect Digital Technology for Commerce. The company's solutions are powered by eMACH.ai, an enterprise Connected Intelligence Platform, which registered 11 deal wins and 16 digital transformations in Q3 FY25. The company operates three business models: product sales, customer-centric partnerships, and cloud deployment.

The license, maintenance, and subscription revenue accounted for 48 per cent of total revenue in Q3 FY25. The company has a presence in more than 57 countries and has more than 325 customers across the globe, with 25 per cent of the revenue coming from India and 75 per cent from the rest of the world. Strategic initiatives include the Purple Fabric platform and the expansion into North America with the help of a partnership with Central 1 Credit Union.

As of April 15, 2025, the stock price of Intellect Design Arena Ltd stands at Rs 714.7, compared to its 52-week high of Rs 1,096.85 and 52-week low of Rs 610.4. The company's market capitalisation is Rs 9,171 crores. Over the past one year, the stock has delivered a negative return of -33.75 per cent, while its three-year return stands at -27.64 per cent. The stock is currently trading at a price-to-earnings (PE) ratio of 34.29. Among the major public shareholders are Manju Jain holding 2.57 per cent, Yogesh Andlay with 1.84 per cent, and Mukul Mahavir Agrawal holding 1.44 per cent.

Disclaimer: The article is for informational purposes only and not investment advice.