ARUN JAIN'S DIARY

We are proud and humbled to win big at IBSi Sales League Table 2022 with six #1 Global Leadership positions. As we are forging ahead and emerging as a new world leader in the industry with our API-based Contextual and Composable banking solutions, our priorities are highlighted through our wide suite of products and solutions that reorient the future of FinTech.

Our customer-centric design thinking approach and algorithmic delivery methodology are robust to ensure defect-free, on-time deliveries while being agile and sensitive to the dynamics of our customers

#designthinking #globalleadership #IBS

During my student days, we used to hear stories about how the government procurement system was riddled with numerous challenges starting from the opaqueness of the whole system to counterproductive systemic requirements, there were some serious allegations of inconsistency involved in it as well. All these conversations inspired me to think of ways to harness technology to build transparency, rigour and efficiency in the whole process.

We at Intellect Design Arena Ltd got the opportunity to leverage technology to bring in the new wave of digital when we won the award for building technology and systems for a complete Procurement Portal – Government eMarketplace (GeM) for the Indian Government. This meant that we had to understand the finer nuances of the State Government and Central Government systems. It was a proud moment for me and my teams at Intellect for it was a huge task to live up to the expectations of integrating complex procurement systems run by various organizations under the Central and State Governments. A lot of systems were in practice but many were not documented.
Today, our Honourable Prime Minister announced that Government e Marketplace (GeM) has achieved a milestone of 1 lakh crore orders through the Transparent Digital Platform in a single year. According to some reports, the government must have saved over 15% in cost (around 15,000 Cr) besides accelerating bidding and procurement. 

Today, I feel pride and humility in equal parts in being able to make a small contribution towards making India better by working to improve the rigour of digital infrastructure in the country. I would like to thank my teams at Intellect Design Arena Ltd who have helped me in making my dream into reality.
#GeM #gmv #procurement

Building a government procurement ecommerce portal is much more complex than direct-to-consumer because each government buyer has a complex set of products with different requirements and different work flows.

Intellect is proud to participate in building the nation’s technological infrastructure based on Made in India Technologies. It was a sweet moment for us to win this deal against Amazon a few years back in a very professional evaluation by the government’s bidding system.

Congratulations to the GeM Team led by Talleen Kumar and Intellect’s team led by Vikas Misra, Debanjan Kumar, Hitesh K Arora, Manish Nahar and Krishna Rajaraman.

Thanks to Infibeam’s team of Vishal, Neeru and Vijay. Further celebrations go out to the team of over 300 engineers who are working non-stop to provide high quality service to over a million sellers and government buyers.

https://economictimes.indiatimes.com/news/economy/finance/public-procurement-from-gem-portal-crosses-rs-1-lakh-cr-ceo-talleen-kumar/articleshow/81733835.cms

We are happy to announce our successful FY19 results, the results vindicate 4 points in our journey to be a global FinTech player
a) Belief in ourselves to deliver cutting-edge products
b) The power of brand driving business outcomes
c) Culture of Design Thinking driving operational excellence
d) Partnership with customers driving the outcome from contextual and digital

There are 3 triangles in which a product company works – Strategy, Business and Finance.

The Strategy triangle is all about the organisation’s design, technology, and the market that is chosen. So, making the right choices of 4 LOB structures, contextual & digital and advance market share is the 1st strategic triangle that is working for us

The Business triangle, where we are getting 65% of our revenue from advance market. There is a better pricing power, our products are chosen by top 3 players in each market which is supported by our license revenue growing from an average of $250K to close to $1Mn license value.

3 drivers of the Finance triangle: 36% growth in revenue, 144% growth in EBITDA, 180% growth in PAT, which is the outcome of strategy & business.

I must congratulate and thank the high intellect and committed leadership team and talent who made us achieve what we promised the investors.

#4QWithCNBCTV18 | Arun Jain, CMD, @i_DesignArena says expect a 20% revenue growth in FY20; Managed to sign 2 new large deals in FY19 & #govt achieved Rs 20,000 cr of sales on govt e-marketplace in first year itself#OnCNBCTV18 @latha_venkatesh @_soniashenoy @Reematendulkar pic.twitter.com/xbRUNM3DAt

— CNBC-TV18 (@CNBCTV18News) May 3, 2019