India, June 8 -- Intellect Design Arena Ltd. has announced the strategic carve-out of its AI platform business, Purple Fabric, into an independent Line of Business (LoB) as part of its efforts to accelerate growth in the enterprise AI market.
The company has appointed Deepak Dastrala as Chief Executive Officer and Business Head of Purple Fabric. In his new role, Dastrala will report directly to Arun Jain, Chairman and Managing Director of Intellect Design Arena, and will also join the company's Management Council as a Senior Management Personnel.
The move follows the successful development of Intellect's two key technology platforms—eMACH.ai and Purple Fabric—over the past two years. While eMACH.ai serves as the company's foun...