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
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