Intellect Design Arena Ltd's retail technology and procurement business division, Intellect Digital Technology for Commerce, has entered into a strategic collaboration with Essel Mining & Industries Limited (EMIL), an Aditya Birla Group flagship and a front runner in India's mining industry. The partnership intends to transform EMIL's procurement processes by implementing eMACH.ai CPX, an open API-based Source-to-Pay platform.
EMIL, recording a FY24 annual turnover of ₹2,343 crore, will utilize eMACH.ai CPX to handle a target annual value of purchases of ₹1,200 crore from a network of more than 800 suppliers. The platform will cater to a broad spectrum of procurement requirements, ranging from raw materials, machinery, and consumables to services and general items. Automating the procure-to-pay process across the entire chain, eMACH.ai CPX will bring increased efficiency, transparency, and strategic development to EMIL.
The partnership's key features are:
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Automated Procurement Workflows: Simplifying vendor interaction, reverse auctions, purchase order integration, and compliance monitoring.
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AI-Powered Insights: Offering actionable information for wiser, faster decision-making.
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Improved Collaboration: Real-time visibility and intuitive user experiences to enable more robust vendor relationships.
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Flexible Procurement Modes: Enabling reverse auctions, direct buys, and strategic sourcing for unparalleled operational freedom.
Ajay Kumar, EMIL's Chief Procurement Officer, said, "eMACH.ai CPX will allow us to reimaginesourcing strategies, integrating seamlessly with greater accuracy, and revolutionary efficiency. This partnership is a landmark moment, unifying our operations with leading-edge technology to unleash new potential and maximize overall business influence."
Debanjan Kumar, Intellect Digital Technology for Commerce CEO, further stated, "This alliance with Essel Mining marks a milestone moment in redefining the procurement ecosystem through the potential of technology. eMACH.ai CPX is built to provide unparalleled efficiency, compliance, and collaboration, empowering companies like EMIL to realize their strategic vision with precision and agility."
This step further reinforces Intellect Design Arena as a go-to enterprise transformation partner for global connected commerce, while EMIL maintains a tradition of operational excellence and innovation in India's natural resources domain.
Sources: NSE Corporate Announcement (Press Release, April 15, 2025) Business Upturn Intellect Design Arena Media Release