Intellect Digital Technology for Commerce, the procurement and retail technology business unit of Intellect Design Arena Ltd, proudly announces a strategic partnership with Essel Mining & Industries Limited (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 Limited (EMIL) Aditya Birla Group, with an annual turnover of Rs2343 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 Rs1200 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.
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. By adopting eMACH.ai CPX, EMIL is poised to:
- Reinvent Procurement Workflows: Automating the end-to-end procure-to-pay lifecycle, from vendor engagement and reverse auctions to seamless PO integration and compliance tracking.
- Achieve Data-Driven Transformation: Leveraging AI-powered dashboards and reports for actionable insights and smarter decision-making.
- Empower Collaboration: Enhancing vendor relationships through real-time visibility and intuitive user experiences.
- Set a New Industry Standard: Establishing itself as a beacon of operational excellence in resource procurement and financial management.
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.
A key differentiator of eMACH.ai CPX is its ability to drive Global Connected Commerce, seamlessly integrating procurement functions with a broader commerce ecosystem. The platform’s multiple procurement modes, including reverse auctions, direct purchases, and strategic sourcing, provide unmatched flexibility and efficiency in procurement execution.
Commenting about choosing Intellect as their enterprise transformation partner, 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.”
Strengthening Intellect’s position as the preferred enterprise transformation partner in Global Connected Commerce, 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 prominent player in India’s diversified natural resources sector, continues to demonstrate robust performance and unwavering commitment to sustainable growth, strategic expansion, and operational excellence. With a rich legacy spanning decades, EMIL has consistently contributed to the nation’s economic progress while adhering to the highest standards of environmental stewardship and social responsibility. The company’s diversified portfolio, encompassing iron ore mining, beneficiation, and other allied activities, positions it uniquely to capitalise on evolving market dynamics and cater to the growing demands of key industries. Through continuous investments in cutting-edge technology, infrastructure development, and skill enhancement, EMIL remains focused on optimising operational efficiencies, enhancing productivity, and ensuring the safety and well-being of its workforce.
Furthermore, EMIL actively engages with local communities, implementing impactful social initiatives that focus on education, healthcare, and sustainable livelihoods, underscoring its dedication to creating shared value. As EMIL looks towards the future, it remains steadfast in its commitment to responsible resource management, technological innovation, and sustainable practices, reinforcing its position as a trusted and reliable partner in India’s growth story. The company is poised to leverage its strong fundamentals and strategic vision to navigate the evolving global landscape and deliver long-term value to its stakeholders.
