This
partnership sets a new benchmark for innovation in procurement, driving
efficiency, transparency, and strategic growth
Chennai,
India, 15 April 2025: Intellect Digital Technology for Commerce
(iDTC), the procurement and retail technology business unit of Intellect Design
Arena Ltd, announces a strategic partnership with Essel Mining & Industries
Limited (EMIL), a flagship company of the Aditya Birla Group, to revolutionise
procurement with eMACH.ai CPX, the world’s most advanced open API-based
Source-to-Pay platform.
Part of the Aditya Birla
Group, EMIL recorded an annual turnover of ₹2343 crore in FY24 and is now
undergoing a significant digital transformation. With an expected annual
procurement value of ₹1200 crore to be managed through eMACH.ai CPX, this
initiative will connect EMIL with 800+ vendors across categories including raw
materials, equipment, services, consumables, and general supplies.
eMACH.ai CPX will enable EMIL to:
- Reinvent procurement
workflows through automation across the procure-to-pay lifecycle.
- Achieve data-driven
transformation with AI-powered dashboards and reporting tools.
- Empower collaboration
with real-time visibility and intuitive experiences.
- Set a new industry
benchmark in procurement and financial management.
Since 1950, EMIL has led the way in mining and
resource management. With this partnership, the Aditya Birla Group company sets
a new benchmark in enterprise procurement transformation, leveraging the EPIC
Model (Efficiency, Purposeful, Intelligent, Compliant) that defines eMACH.ai
CPX’s future-ready architecture.
The platform’s
flexibility - supporting reverse auctions, direct purchases, and strategic
sourcing—offers unmatched control and scalability. Its seamless integration
capabilities allow EMIL to tailor the platform to specific operational needs
and long-term goals.
Ajay
Kumar, Chief Procurement Officer of EMIL said, “Empowering the future together with
Integrity, Commitment, Passion, Seamlessness, and Speed – these guiding
principles define our approach to excellence. With innovation at our core, we
are committed to embracing advanced solutions that propel us into the future.
eMACH.ai CPX will enable us to reimagine our procurement strategies, ensuring
seamless integration, heightened accuracy, and transformative efficiency. This
partnership represents a pivotal milestone, aligning our operations with
cutting-edge technology to unlock new opportunities and enhance overall
business impact."
Debanjan Kumar, CEO of
iDTC, said, “This
partnership with Essel Mining signifies a defining moment in reimagining the
procurement landscape through the power of technology. eMACH.ai CPX is designed
to deliver unmatched efficiency, compliance, and collaboration, enabling
businesses like EMIL to achieve their strategic vision with precision and
agility. Together, we are shaping a future where procurement is not just a
function but a driver of growth, resilience, and competitive advantage."
About Essel Mining:
Essel Mining & Industries Limited (EMIL), a key
player in India’s natural resources sector, showcases strong performance and a
commitment to sustainable growth, strategic expansion, and operational
excellence. With a rich legacy, EMIL contributes to India’s economic progress
while upholding high standards of environmental stewardship and social
responsibility. Its diversified portfolio—iron ore mining, beneficiation, and
allied activities—positions it well to meet evolving market demands.
With ongoing
investments in advanced technology, infrastructure, and skill development, EMIL
enhances efficiency, productivity, and workforce safety. The company also
engages with communities through initiatives in education, healthcare, and sustainable
livelihoods, reinforcing its focus on shared value and long-term stakeholder
benefit.
www.esselmining.com
About Intellect Design Arena:
Intellect Design Arena Ltd is a global fintech leader,
offering composable and intelligent solutions to financial institutions in 57
countries. Its open finance platform, eMACH.ai,
features 329 microservices, 535 events, and 1757+ APIs, enabling the design of
future-ready solutions.
With over 30 years of
domain expertise, Intellect operates across Global Consumer Banking (iGCB),
Global Transaction Banking (iGTB), IntellectAI, and Digital Technology for
Commerce (iDTC). Its 8012 FinTech Design Center reflects its commitment to
design-driven innovation and digital transformation.
iDTC, the Procurement
& Retail technology unit, draws on deep expertise from managing India’s
largest e-marketplace. With API-led products and a design-first approach, it
aims to transform procurement, account payables, and retail operations.
www.intellectdesign.com
| www.intellectdtc.com