Intellect Design Arena Ltd Share Price – NSE  / BSE

IT - Software, Small Cap

Intellect Digital Technology for Commerce, the procurement and retail technology business unit of Intellect Design Arena, announced a strategic partnership with Essel Mining & Industries (EMIL), the cornerstone of India's mining sector, to redefine procurement operations with eMACH.ai CPX, the world's most advanced open API-based Source-to-Pay platform.

Essel Mining & Industries (EMIL) Aditya Birla Group, with an annual turnover of Rs 2343 crore (FY24), is undergoing a significant digital transformation of its procurement process with eMACH.ai CPX. This evolution will see an expected annual procurement value of Rs 1200 crore managed through eMACH.ai CPX, connecting EMIL with a robust network of over 800+ sellers. The platform will cater to a diverse range of procurement needs, encompassing key categories such as raw materials, equipment & machinery, consumables, services and general supplies.

The benefits of eMACH.ai CPX include access to a broader pool of vendors, potentially leading to more competitive pricing and better quality. The platform could eventually host hundreds or thousands of sellers across the various product and service categories relevant to EMIL's operations.

EMIL selected eMACH.ai CPX for its unique ability to combine deep domain expertise with cutting-edge technology. With its proprietary EPIC Model (Efficiency, Purposeful, Intelligent, and Compliant), the platform provides a holistic, scalable, and future-proof solution for procurement transformation. The platform's customisable design and seamless integration capabilities stood out, ensuring EMIL could tailor the solution to its specific needs and long-term goals.

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Shares of Intellect Design Arena advanced 0.37% to Rs 729.50, while LTIMindtree gained 0.20% to Rs 4,616.70 on the BSE.

The partnership leverages the strengths of eMACH.ai, Intellect?s comprehensive first-principles-based open finance platform, and iTurmeric, a low-code integration suite, along with LTIMindtree?s end-to-end capabilities in design, development, integration, and testing, to deliver tailored solutions across core banking, wealth management, lending, payments, and card management.

By combining the capabilities of eMACH.ai and iTurmeric, this partnership empowers financial institutions with innovative, flexible, and scalable solutions to meet the evolving demands of wealth management, lending, payments, and card services. With eMACH.ai?s comprehensive service suite and iTurmeric?s low-code platform, institutions can quickly deploy new applications, streamline operations, and enhance the customer experience. Leveraging their combined expertise, Intellect and LTIMindtree will explore new opportunities across the Middle East, Africa, and APAC, delivering tailored solutions that address the unique market needs, challenges, and opportunities in these regions.

Kannan Ramasamy, chief partner officer at Intellect Design Arena, said, Our partnership with LTIMindtree is a testament to our vision of reshapingthefinancial services landscape with agility, intelligence, and innovation. Byleveraging the transformative potential of eMACH.ai, we aimto empowerinstitutions not just to keep pace with change but to lead it?deliveringunparalleled customer experiences while navigating the complexities of a dynamicglobal marketplace with confidence.

Ram Khizamboor, chief delivery officer, LTIMindtree, said, This partnership is a strategic move to accelerate thedigital transformation of financial institutions in the Middle East, Africa and APAC regions. By combining Intellect?s powerful eMACH.ai platform with our digital expertise and proven track record in partnering with our financial services clients in their modernisation journeys we are enabling our clients to implement cutting-edge, scalable solutions that not only enhance operational efficiency but also deliver impactful customer experiences.?

Intellect Design Arena is an enterprise-grade financial technology leader, providing composable and intelligent solutions for futuristic global financial institutions across many countries. Intellect offers a full spectrum of banking and insurance technology products through four lines of business, Global Consumer Banking (iGCB), Global Transaction Banking (iGTB), IntellectAI and Digital Technologyfor Commerce (iDTC).

LTIMindtree is a global technology consulting and digital solutions company that enables enterprises across industries to reimagine business models, accelerate innovation, and maximize growth by harnessing digital technologies. As a digital transformation partner to more than 700 clients, LTIMindtree brings extensive domain and technology expertise to help drive superior competitive differentiation, customer experiences, and business outcomes in a converging world.

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Intellect Design Arena has announced a strategic partnership with LTIMindtree, a leading global technology consulting and digital solutions company. The partnership is designed to catalyse the evolution of financial services across the Middle East, Africa (MEA), and Asia-Pacific (APAC) leveraging the capabilities of eMACH.ai and iTurmeric.

This alliance aims to combine LTIMindtree's market-leading experience and expertise in successfully delivering complex digital and core transformation programs for leading financial institutions with Intellect's leadership in developing domain-rich, enterprise-grade financial technology. Together, they aim to address the needs of financial institutions in the Middle East, Africa and APAC in navigating market complexities and creating customer-centric, agile, and efficient operational models.

 In a rapidly evolving financial ecosystem, the demand for adaptable, future-ready solutions is more pressing than ever. The partnership further combines the capabilities of eMACH.ai, Intellect's comprehensive first principle-based open finance platform, and iTurmeric, a low-code integration suite, with LTIMindtree's full-service capability spanning design, build, integration and testing to deliver tailored solutions across core banking, wealth management, lending, payments, and cards management.

Kannan Ramasamy, Chief Partner Officer at Intellect Design Arena said, Our partnership with LTIMindtree is a testament to our vision of reshaping the financial services landscape with agility, intelligence, and innovation. By leveraging the transformative potential of eMACH.ai, we aim to empower institutions not just to keep pace with change but to lead it?delivering unparalleled customer experiences while navigating the complexities of a dynamic global marketplace with confidence.

Commenting on the partnership, Ram Khizamboor, Chief Delivery Officer, LTIMindtree, said, This partnership is a strategic move to accelerate the digital transformation of financial institutions in the Middle East, Africa and APAC regions. By combining Intellect's powerful eMACH.ai platform with our digital expertise and proven track record in partnering with our financial services clients in their modernisation journeys we are enabling our clients to implement cutting-edge, scalable solutions that not only enhance operational efficiency but also deliver impactful customer experiences.?

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Shares of Intellect Design Arena advanced 0.37% to Rs 729.50, while LTIMindtree gained 0.20% to Rs 4,616.70 on the BSE.

The partnership leverages the strengths of eMACH.ai, Intellect?s comprehensive first-principles-based open finance platform, and iTurmeric, a low-code integration suite, along with LTIMindtree?s end-to-end capabilities in design, development, integration, and testing, to deliver tailored solutions across core banking, wealth management, lending, payments, and card management.

By combining the capabilities of eMACH.ai and iTurmeric, this partnership empowers financial institutions with innovative, flexible, and scalable solutions to meet the evolving demands of wealth management, lending, payments, and card services. With eMACH.ai?s comprehensive service suite and iTurmeric?s low-code platform, institutions can quickly deploy new applications, streamline operations, and enhance the customer experience. Leveraging their combined expertise, Intellect and LTIMindtree will explore new opportunities across the Middle East, Africa, and APAC, delivering tailored solutions that address the unique market needs, challenges, and opportunities in these regions.

Kannan Ramasamy, chief partner officer at Intellect Design Arena, said, Our partnership with LTIMindtree is a testament to our vision of reshapingthefinancial services landscape with agility, intelligence, and innovation. Byleveraging the transformative potential of eMACH.ai, we aimto empowerinstitutions not just to keep pace with change but to lead it?deliveringunparalleled customer experiences while navigating the complexities of a dynamicglobal marketplace with confidence.

Ram Khizamboor, chief delivery officer, LTIMindtree, said, This partnership is a strategic move to accelerate thedigital transformation of financial institutions in the Middle East, Africa and APAC regions. By combining Intellect?s powerful eMACH.ai platform with our digital expertise and proven track record in partnering with our financial services clients in their modernisation journeys we are enabling our clients to implement cutting-edge, scalable solutions that not only enhance operational efficiency but also deliver impactful customer experiences.?

Intellect Design Arena is an enterprise-grade financial technology leader, providing composable and intelligent solutions for futuristic global financial institutions across many countries. Intellect offers a full spectrum of banking and insurance technology products through four lines of business, Global Consumer Banking (iGCB), Global Transaction Banking (iGTB), IntellectAI and Digital Technologyfor Commerce (iDTC).

LTIMindtree is a global technology consulting and digital solutions company that enables enterprises across industries to reimagine business models, accelerate innovation, and maximize growth by harnessing digital technologies. As a digital transformation partner to more than 700 clients, LTIMindtree brings extensive domain and technology expertise to help drive superior competitive differentiation, customer experiences, and business outcomes in a converging world.

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Intellect Design Arena has announced a strategic partnership with LTIMindtree, a leading global technology consulting and digital solutions company. The partnership is designed to catalyse the evolution of financial services across the Middle East, Africa (MEA), and Asia-Pacific (APAC) leveraging the capabilities of eMACH.ai and iTurmeric.

This alliance aims to combine LTIMindtree's market-leading experience and expertise in successfully delivering complex digital and core transformation programs for leading financial institutions with Intellect's leadership in developing domain-rich, enterprise-grade financial technology. Together, they aim to address the needs of financial institutions in the Middle East, Africa and APAC in navigating market complexities and creating customer-centric, agile, and efficient operational models.

 In a rapidly evolving financial ecosystem, the demand for adaptable, future-ready solutions is more pressing than ever. The partnership further combines the capabilities of eMACH.ai, Intellect's comprehensive first principle-based open finance platform, and iTurmeric, a low-code integration suite, with LTIMindtree's full-service capability spanning design, build, integration and testing to deliver tailored solutions across core banking, wealth management, lending, payments, and cards management.

Kannan Ramasamy, Chief Partner Officer at Intellect Design Arena said, Our partnership with LTIMindtree is a testament to our vision of reshaping the financial services landscape with agility, intelligence, and innovation. By leveraging the transformative potential of eMACH.ai, we aim to empower institutions not just to keep pace with change but to lead it?delivering unparalleled customer experiences while navigating the complexities of a dynamic global marketplace with confidence.

Commenting on the partnership, Ram Khizamboor, Chief Delivery Officer, LTIMindtree, said, This partnership is a strategic move to accelerate the digital transformation of financial institutions in the Middle East, Africa and APAC regions. By combining Intellect's powerful eMACH.ai platform with our digital expertise and proven track record in partnering with our financial services clients in their modernisation journeys we are enabling our clients to implement cutting-edge, scalable solutions that not only enhance operational efficiency but also deliver impactful customer experiences.?

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Intellect Design Arena has allotted 66,208 equity shares under ESOP on 15 March 2025.

The paid-up share capital of the Company accordingly increases from Rs. 693,927,805/- divided into equity shares of 138,785,561 equity shares of Rs. 5/- each to Rs. 694,258,845/- divided into equity shares of 138,851,769 equity shares of Rs. 5/- each.

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Intellect Digital Technology for Commerce, the procurement and retail technology business unit of Intellect Design Arena, announced a strategic partnership with Essel Mining & Industries (EMIL), the cornerstone of India's mining sector, to redefine procurement operations with eMACH.ai CPX, the world's most advanced open API-based Source-to-Pay platform.

Essel Mining & Industries (EMIL) Aditya Birla Group, with an annual turnover of Rs 2343 crore (FY24), is undergoing a significant digital transformation of its procurement process with eMACH.ai CPX. This evolution will see an expected annual procurement value of Rs 1200 crore managed through eMACH.ai CPX, connecting EMIL with a robust network of over 800+ sellers. The platform will cater to a diverse range of procurement needs, encompassing key categories such as raw materials, equipment & machinery, consumables, services and general supplies.

The benefits of eMACH.ai CPX include access to a broader pool of vendors, potentially leading to more competitive pricing and better quality. The platform could eventually host hundreds or thousands of sellers across the various product and service categories relevant to EMIL's operations.

EMIL selected eMACH.ai CPX for its unique ability to combine deep domain expertise with cutting-edge technology. With its proprietary EPIC Model (Efficiency, Purposeful, Intelligent, and Compliant), the platform provides a holistic, scalable, and future-proof solution for procurement transformation. The platform's customisable design and seamless integration capabilities stood out, ensuring EMIL could tailor the solution to its specific needs and long-term goals.

Powered by Capital Market - Live News

Shares of Intellect Design Arena advanced 0.37% to Rs 729.50, while LTIMindtree gained 0.20% to Rs 4,616.70 on the BSE.

The partnership leverages the strengths of eMACH.ai, Intellect?s comprehensive first-principles-based open finance platform, and iTurmeric, a low-code integration suite, along with LTIMindtree?s end-to-end capabilities in design, development, integration, and testing, to deliver tailored solutions across core banking, wealth management, lending, payments, and card management.

By combining the capabilities of eMACH.ai and iTurmeric, this partnership empowers financial institutions with innovative, flexible, and scalable solutions to meet the evolving demands of wealth management, lending, payments, and card services. With eMACH.ai?s comprehensive service suite and iTurmeric?s low-code platform, institutions can quickly deploy new applications, streamline operations, and enhance the customer experience. Leveraging their combined expertise, Intellect and LTIMindtree will explore new opportunities across the Middle East, Africa, and APAC, delivering tailored solutions that address the unique market needs, challenges, and opportunities in these regions.

Kannan Ramasamy, chief partner officer at Intellect Design Arena, said, Our partnership with LTIMindtree is a testament to our vision of reshapingthefinancial services landscape with agility, intelligence, and innovation. Byleveraging the transformative potential of eMACH.ai, we aimto empowerinstitutions not just to keep pace with change but to lead it?deliveringunparalleled customer experiences while navigating the complexities of a dynamicglobal marketplace with confidence.

Ram Khizamboor, chief delivery officer, LTIMindtree, said, This partnership is a strategic move to accelerate thedigital transformation of financial institutions in the Middle East, Africa and APAC regions. By combining Intellect?s powerful eMACH.ai platform with our digital expertise and proven track record in partnering with our financial services clients in their modernisation journeys we are enabling our clients to implement cutting-edge, scalable solutions that not only enhance operational efficiency but also deliver impactful customer experiences.?

Intellect Design Arena is an enterprise-grade financial technology leader, providing composable and intelligent solutions for futuristic global financial institutions across many countries. Intellect offers a full spectrum of banking and insurance technology products through four lines of business, Global Consumer Banking (iGCB), Global Transaction Banking (iGTB), IntellectAI and Digital Technologyfor Commerce (iDTC).

LTIMindtree is a global technology consulting and digital solutions company that enables enterprises across industries to reimagine business models, accelerate innovation, and maximize growth by harnessing digital technologies. As a digital transformation partner to more than 700 clients, LTIMindtree brings extensive domain and technology expertise to help drive superior competitive differentiation, customer experiences, and business outcomes in a converging world.

Powered by Capital Market - Live News

Intellect Design Arena has announced a strategic partnership with LTIMindtree, a leading global technology consulting and digital solutions company. The partnership is designed to catalyse the evolution of financial services across the Middle East, Africa (MEA), and Asia-Pacific (APAC) leveraging the capabilities of eMACH.ai and iTurmeric.

This alliance aims to combine LTIMindtree's market-leading experience and expertise in successfully delivering complex digital and core transformation programs for leading financial institutions with Intellect's leadership in developing domain-rich, enterprise-grade financial technology. Together, they aim to address the needs of financial institutions in the Middle East, Africa and APAC in navigating market complexities and creating customer-centric, agile, and efficient operational models.

 In a rapidly evolving financial ecosystem, the demand for adaptable, future-ready solutions is more pressing than ever. The partnership further combines the capabilities of eMACH.ai, Intellect's comprehensive first principle-based open finance platform, and iTurmeric, a low-code integration suite, with LTIMindtree's full-service capability spanning design, build, integration and testing to deliver tailored solutions across core banking, wealth management, lending, payments, and cards management.

Kannan Ramasamy, Chief Partner Officer at Intellect Design Arena said, Our partnership with LTIMindtree is a testament to our vision of reshaping the financial services landscape with agility, intelligence, and innovation. By leveraging the transformative potential of eMACH.ai, we aim to empower institutions not just to keep pace with change but to lead it?delivering unparalleled customer experiences while navigating the complexities of a dynamic global marketplace with confidence.

Commenting on the partnership, Ram Khizamboor, Chief Delivery Officer, LTIMindtree, said, This partnership is a strategic move to accelerate the digital transformation of financial institutions in the Middle East, Africa and APAC regions. By combining Intellect's powerful eMACH.ai platform with our digital expertise and proven track record in partnering with our financial services clients in their modernisation journeys we are enabling our clients to implement cutting-edge, scalable solutions that not only enhance operational efficiency but also deliver impactful customer experiences.?

Powered by Capital Market - Live News

Shares of Intellect Design Arena advanced 0.37% to Rs 729.50, while LTIMindtree gained 0.20% to Rs 4,616.70 on the BSE.

The partnership leverages the strengths of eMACH.ai, Intellect?s comprehensive first-principles-based open finance platform, and iTurmeric, a low-code integration suite, along with LTIMindtree?s end-to-end capabilities in design, development, integration, and testing, to deliver tailored solutions across core banking, wealth management, lending, payments, and card management.

By combining the capabilities of eMACH.ai and iTurmeric, this partnership empowers financial institutions with innovative, flexible, and scalable solutions to meet the evolving demands of wealth management, lending, payments, and card services. With eMACH.ai?s comprehensive service suite and iTurmeric?s low-code platform, institutions can quickly deploy new applications, streamline operations, and enhance the customer experience. Leveraging their combined expertise, Intellect and LTIMindtree will explore new opportunities across the Middle East, Africa, and APAC, delivering tailored solutions that address the unique market needs, challenges, and opportunities in these regions.

Kannan Ramasamy, chief partner officer at Intellect Design Arena, said, Our partnership with LTIMindtree is a testament to our vision of reshapingthefinancial services landscape with agility, intelligence, and innovation. Byleveraging the transformative potential of eMACH.ai, we aimto empowerinstitutions not just to keep pace with change but to lead it?deliveringunparalleled customer experiences while navigating the complexities of a dynamicglobal marketplace with confidence.

Ram Khizamboor, chief delivery officer, LTIMindtree, said, This partnership is a strategic move to accelerate thedigital transformation of financial institutions in the Middle East, Africa and APAC regions. By combining Intellect?s powerful eMACH.ai platform with our digital expertise and proven track record in partnering with our financial services clients in their modernisation journeys we are enabling our clients to implement cutting-edge, scalable solutions that not only enhance operational efficiency but also deliver impactful customer experiences.?

Intellect Design Arena is an enterprise-grade financial technology leader, providing composable and intelligent solutions for futuristic global financial institutions across many countries. Intellect offers a full spectrum of banking and insurance technology products through four lines of business, Global Consumer Banking (iGCB), Global Transaction Banking (iGTB), IntellectAI and Digital Technologyfor Commerce (iDTC).

LTIMindtree is a global technology consulting and digital solutions company that enables enterprises across industries to reimagine business models, accelerate innovation, and maximize growth by harnessing digital technologies. As a digital transformation partner to more than 700 clients, LTIMindtree brings extensive domain and technology expertise to help drive superior competitive differentiation, customer experiences, and business outcomes in a converging world.

Powered by Capital Market - Live News

Intellect Design Arena has announced a strategic partnership with LTIMindtree, a leading global technology consulting and digital solutions company. The partnership is designed to catalyse the evolution of financial services across the Middle East, Africa (MEA), and Asia-Pacific (APAC) leveraging the capabilities of eMACH.ai and iTurmeric.

This alliance aims to combine LTIMindtree's market-leading experience and expertise in successfully delivering complex digital and core transformation programs for leading financial institutions with Intellect's leadership in developing domain-rich, enterprise-grade financial technology. Together, they aim to address the needs of financial institutions in the Middle East, Africa and APAC in navigating market complexities and creating customer-centric, agile, and efficient operational models.

 In a rapidly evolving financial ecosystem, the demand for adaptable, future-ready solutions is more pressing than ever. The partnership further combines the capabilities of eMACH.ai, Intellect's comprehensive first principle-based open finance platform, and iTurmeric, a low-code integration suite, with LTIMindtree's full-service capability spanning design, build, integration and testing to deliver tailored solutions across core banking, wealth management, lending, payments, and cards management.

Kannan Ramasamy, Chief Partner Officer at Intellect Design Arena said, Our partnership with LTIMindtree is a testament to our vision of reshaping the financial services landscape with agility, intelligence, and innovation. By leveraging the transformative potential of eMACH.ai, we aim to empower institutions not just to keep pace with change but to lead it?delivering unparalleled customer experiences while navigating the complexities of a dynamic global marketplace with confidence.

Commenting on the partnership, Ram Khizamboor, Chief Delivery Officer, LTIMindtree, said, This partnership is a strategic move to accelerate the digital transformation of financial institutions in the Middle East, Africa and APAC regions. By combining Intellect's powerful eMACH.ai platform with our digital expertise and proven track record in partnering with our financial services clients in their modernisation journeys we are enabling our clients to implement cutting-edge, scalable solutions that not only enhance operational efficiency but also deliver impactful customer experiences.?

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Intellect Design Arena has allotted 66,208 equity shares under ESOP on 15 March 2025.

The paid-up share capital of the Company accordingly increases from Rs. 693,927,805/- divided into equity shares of 138,785,561 equity shares of Rs. 5/- each to Rs. 694,258,845/- divided into equity shares of 138,851,769 equity shares of Rs. 5/- each.

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