Intellect Design Arena Ltd.

Intellect Digital Technology for Commerce, the procurement and retail technology business unit of Intellect Design Arena, has entered into 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 plus 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. Since 1950, EMIL has set industry benchmarks in mining and resource management. With eMACH.ai CPX, EMIL embarks on a revolutionary journey to elevate its procurement processes, reduce complexities, and drive unparalleled efficiency and transparency across its operations. 

Intellect Design Arena, a global leader when it comes to applying true digital technology, is the world’s first financial tech company that covers the entire spectrum of banking and insurance needs with its wide suite of products.