Intellect Design Arena Ltd., a financial software technology products company, will be focusing on two areas – industrialisation and monetisation – as part of its efforts to become an Indian multinational in fintech products, said a top official.
“It is has been my dream of 10 years to build a hi-tech global products company out of India,” said Arun Jain, chairman and managing director, Intellect Design Arena. “It will take three-to-five years to achieve it,” he added.
Intellect 1.0
The firm came out with Intellect 1.0, a strategy under which it had doubled quarterly revenue from ₹150 crore to ₹300 crore between 2015-18.
Now, the company has introduced Intellect 2.0.
“This calls for global leadership, winning large deals, establishing global partnership to implement its products and doubling the revenue,” Mr. Jain said.
“I am very optimistic of Intellect 2.0 — our journey over the next three years till 2021,” Mr. Jain said.
As part of Intellect 2.0, the firm would be focusing on industrialisation and monetisation.
Industrialisation meant industrialising fintech products, its implementation and sales process. Monetisation meant improving licence pricing and increasing market share.
Technological trends
Intellect Design also wants to ride on the four technological trends dominating the banking space globally: Artificial Intelligence and Machine Learning for building intelligent and relevant algorithms, Cloud technologies for rapid deployment, and application programming interface-based open architectures and robotic process automation.
For FY18, Intellect’s total revenue crossed ₹1,000 crore, recording a three-year CAGR of 20%. The firm had remained profitable for five quarters in a row.
Expressing optimism over the strong results, Mr. Jain said considerable effort made during the last three years in creating the building blocks for a solid, sustainable product business out of India had started yielding the desired results.
At the same time, significant investments were made in strengthening the sales and marketing infrastructure, execution capability and leadership pipeline across three business lines manned by independent CEOs, he added.
“These have resulted in our brand being recognized globally...We are also expanding our footprint into some of the world’s best known banks across U.S., Europe and Asia,” he said.
