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Intellect Design Arena announced that a leading Indian financial services group has selected its Purple Fabric platform to drive enterprise-scale AI transformation across its ecosystem.
The mandate will initially cover five entities within the group, establishing a strong foundation for a long-term enterprise-wide AI adoption. The platform will enable enhanced operational intelligence, cross-functional collaboration, stronger governance controls, and measurable business impact across core financial workflows.
Built using First-Principles Thinking and reinforced by Design Thinking-led solution discovery, Purple Fabric integrates knowledge derived from over three decades of domain expertise and more than 20 million engineering hours. The platform offers a robust suite of enterprise-ready Digital Experts that are already deployed and trusted by global financial institutions.
Ramanan S V, Chief Executive Officer, India and South Asia, Intellect Design Arena, said, “India's financial services sector is entering a defining phase where AI must move beyond experimentation and become a structured enterprise capability. In regulated environments, intelligence must be governed, deterministic, and aligned to generating measurable business impact. Purple Fabric was built to operationalise AI at scale, enhancing decision velocity, strengthening risk and compliance frameworks, and delivering superior customer experiences. This mandate reflects a clear strategic intent by forward-looking financial institutions to move beyond experimentation and embed AI into the core of their business architecture. We are proud to partner in shaping that transformation.”
As part of the initiative, Intellect signed a Memorandum of Understanding (MoU) with 6 leading institutes, including University of Stirling (Ras Al Khaimah campus, UAE), SRM Institute of Science & Technology (Trichy & Ramapuram campuses, Tamil Nadu), Sairam Institutions (Chennai, Tamil Nadu), Periyar Maniammai Institute of Science & Technology (Thanjavur, Tamil Nadu), Vignana Jyothi Institute of Management (Hyderabad) and Lloyd Institute of Engineering & Technology (Noida campus, Uttar Pradesh).
The MoU with these institutions intends to establish an Academic TeamSpace hub that will serve as a shared AI innovation environment for academic institutions. More importantly, it promotes multi-departmental cocreation, thereby creating an ecosystem for governed AI experimentation and applied learning. Academic TeamSpace extends Intellect's Purple Fabric “Enterprise AI on Tap” model into the education sector. It enables institutions to access enterprise-grade AI through a subscription model, ensuring governance, academic integrity and responsible usage.
Intellect Design Arena announced the launch of eMACH.ai AI-First banking as part of its participation at India AI Impact Summit 2026 in New Delhi. The platform is purpose-built to drive inclusive banking with 550 domain-aware agents across Lending, Trade, Payments, Treasury, Wealth, Bank Operations, Customer Servicing and Complaint Management. The AI-First Banking ecosystem empowers banks to make banking invisible, intelligent, and inseparable from their daily life.
The AI-First banking ecosystem is purpose-built for Indian banks and leverages enterprise-grade knowledge to deliver high-impact applications that comply with local regulatory protocols.
Arun Jain, Chairman & Managing Director of Intellect Design Arena, said: 'I am extremely excited to launch the next wave in Inclusive Intelligent Banking. Banking customers are no longer limited by their resources, exposure, access, or the language they speak. We have achieved Boundaryless Banking by launching multi-lingual, Natural language based AI-First Banking for a global audience. It's here and now for everyone to experience. Indian banking has always been a global pioneer, leading with inclusive financial innovations such as UPI and the Aadhaar-enabled payment system to deliver value to the common man. We at Intellect are proud to offer an AI-first banking ecosystem that enables banks to accelerate innovation through first-principles thinking, keeping the needs of the common man at the heart of our design.”
“By being multilingual and natural-language-experience based, our ecosystem reaches the common man and democratises banking innovation, making it accessible to every remote banking customer. By embedding compliance into its DNA, Intellect is enabling Indian banks to transform their cost structures while delivering human-centric, auditable, and resilient AI outcomes at scale,” Arun added.
In a landmark move to accelerate AI adoption across the HR landscape, Intellect Design Arena and Adrenalin eSystems, a trusted leader in Human Capital Management (HCM), today jointly announced the launch of HR TeamSpace, a secure, collaborative AI environment for HR teams, built on Intellect's Purple Fabric Open Business Impact AI platform.
The launch extends Intellect's Purple Fabric “Enterprise AI on Tap” model, priced at ₹99,500 per month for up to 50 users, bringing enterprise-grade AI capabilities within reach of functional teams through a simple subscription on a proven platform. With HR TeamSpace, Intellect and Adrenalin extend this mission to the human capital landscape, enabling HR teams to deploy pre-built AI agents with speed and measurable outcomes.
Powered by Purple Fabric, HR TeamSpace brings together ready-to-use, domain-trained AI agents with the flexibility to build and configure organisation-specific agents aligned to specific use-cases and tasks across the employee lifecycle. This provides HR teams with a practical foundation to operationalise AI across core HR functions and drive measurable business impact.
Intellect Design Arena today announced that Purple Fabric, India's Judgment-Centric full-stack Open Business Impact AI platform, is now available as an Enterprise AI on Tap at Rs 99,500 per month, enabling up to 50 users to deploy and scale Business Impact AI without the traditional infrastructure burden. The move positions reliability-first artificial intelligence as certified, trustworthy, governance-ready institutional infrastructure.
Conceptualised and engineered in India since 2016 by Intellect's dedicated Enterprise AI Research Program, Purple Fabric represents a structural shift in how institutions adopt artificial intelligence. Made in India for the global world, the platform positions our country not merely as a consumer of AI technology, but as a creator of trustworthy enterprise AI infrastructure. Designed for mid-market enterprises, financial institutions, IT services firms, academic ecosystems and government environments, Purple Fabric enables organisations to deploy consequence-aware AI without building large internal AI departments or committing to capital-intensive infrastructure projects.
Intellect Design Arena announced a partnership with DUCA Financial Services Credit Union (DUCA) to transform its digital banking ecosystem. By adopting Intellect's eMACH.ai Digital Engagement Platform (DEP), DUCA joins a growing group of Canadian credit unions spearheading hyper-personalised, friction-free banking tailored to the evolving needs of their members. This announcement follows Intellect's previous update on December 15, 2025, in which 35 credit unions selected Intellect's eMACH.ai DEP.
This digital upgrade replaces DUCA's legacy infrastructure with a seamless, unified experience across mobile and online channels. eMACH.ai DEP enables DUCA the agility to consistently launch new financial products at market-leading speeds. With over 92,000 members and 7.5 billion CAD in assets on the balance sheet, across 19 Southern Ontario branches, DUCA is leveraging this partnership to solidify its position as a member-centric innovation leader.
By selecting Intellect‘seMACH.ai DEP platform built on eMACH.ai architecture, DUCA will now gain the advantage of:
Northern ARC Capital Ltd, Intellect Design Arena Ltd, MOIL Ltd and OneSource Specialty Pharma Ltd are among the other losers in the BSE's 'A' group today, 02 February 2026.
Gokaldas Exports Ltd tumbled 6.77% to Rs 568.8 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 67555 shares were traded on the counter so far as against the average daily volumes of 83053 shares in the past one month.
Northern ARC Capital Ltd crashed 6.45% to Rs 239.9. The stock was the second biggest loser in 'A' group.On the BSE, 76404 shares were traded on the counter so far as against the average daily volumes of 23870 shares in the past one month.
Intellect Design Arena Ltd lost 6.43% to Rs 826.3. The stock was the third biggest loser in 'A' group.On the BSE, 43200 shares were traded on the counter so far as against the average daily volumes of 14686 shares in the past one month.
MOIL Ltd shed 6.20% to Rs 326.65. The stock was the fourth biggest loser in 'A' group.On the BSE, 71750 shares were traded on the counter so far as against the average daily volumes of 79571 shares in the past one month.
OneSource Specialty Pharma Ltd corrected 6.17% to Rs 1135.85. The stock was the fifth biggest loser in 'A' group.On the BSE, 51789 shares were traded on the counter so far as against the average daily volumes of 18688 shares in the past one month.
Intellect Design Arena Ltd, Delhivery Ltd, NTPC Green Energy Ltd, Multi Commodity Exchange of India Ltd are among the other stocks to see a surge in volumes on BSE today, 01 February 2026.
Timken India Ltd clocked volume of 41519 shares by 10:46 IST on BSE, a 49.94 times surge over two-week average daily volume of 831 shares. The stock gained 1.37% to Rs.2,979.40. Volumes stood at 1506 shares in the last session.
Intellect Design Arena Ltd registered volume of 40804 shares by 10:46 IST on BSE, a 3.42 fold spurt over two-week average daily volume of 11927 shares. The stock slipped 7.01% to Rs.848.00. Volumes stood at 10190 shares in the last session.
Delhivery Ltd saw volume of 5.43 lakh shares by 10:46 IST on BSE, a 2.53 fold spurt over two-week average daily volume of 2.15 lakh shares. The stock increased 1.36% to Rs.428.25. Volumes stood at 14.24 lakh shares in the last session.
NTPC Green Energy Ltd saw volume of 9.53 lakh shares by 10:46 IST on BSE, a 2.15 fold spurt over two-week average daily volume of 4.43 lakh shares. The stock increased 4.12% to Rs.89.76. Volumes stood at 8.76 lakh shares in the last session.
Multi Commodity Exchange of India Ltd saw volume of 6.39 lakh shares by 10:46 IST on BSE, a 1.71 fold spurt over two-week average daily volume of 3.74 lakh shares. The stock dropped 12.91% to Rs.2,198.90. Volumes stood at 4.75 lakh shares in the last session.
Intellect Design Arena Ltd, Techno Electric & Engineering Company Ltd, Angel One Ltd, BSE Ltd are among the other stocks to see a surge in volumes on NSE today, 01 February 2026.
Anant Raj Ltd witnessed volume of 208.91 lakh shares by 14:14 IST on NSE, a 7.91 times surge over two-week average daily volume of 26.40 lakh shares. The stock increased 8.70% to Rs.548.15. Volumes stood at 31.61 lakh shares in the last session.
Intellect Design Arena Ltd notched up volume of 12.75 lakh shares by 14:14 IST on NSE, a 5.99 fold spurt over two-week average daily volume of 2.13 lakh shares. The stock slipped 3.22% to Rs.884.30. Volumes stood at 2.73 lakh shares in the last session.
Techno Electric & Engineering Company Ltd witnessed volume of 8.75 lakh shares by 14:14 IST on NSE, a 5.32 times surge over two-week average daily volume of 1.64 lakh shares. The stock increased 3.34% to Rs.1,007.00. Volumes stood at 2.39 lakh shares in the last session.
Angel One Ltd saw volume of 35.94 lakh shares by 14:14 IST on NSE, a 5.29 fold spurt over two-week average daily volume of 6.79 lakh shares. The stock dropped 8.46% to Rs.2,326.00. Volumes stood at 4.87 lakh shares in the last session.
BSE Ltd recorded volume of 141.16 lakh shares by 14:14 IST on NSE, a 4.03 times surge over two-week average daily volume of 35.06 lakh shares. The stock lost 8.00% to Rs.2,573.30. Volumes stood at 38.06 lakh shares in the last session.