India’s Intellect eyes to take on Palantir, says SME sector may bring ₹5,000-crore revenue opportunity

NEW DELHI: Chennai-based Intellect Design Arena, which offers AI-driven cloud-native products said the artificial intelligence (AI)-driven opportunity has the potential to add upto ₹5,000-crore of revenue. It added that American multinational Palantir, a major rival, is at a disadvantage in the Indian market.

“If we succeed, it (AI) could reach ₹5,000 crore. So, AI has the potential to deliver ₹5,000 crore for us. If it becomes widely adopted — say, 5,000 SMEs start using it, it would create our largest revenue stream,” Arun Jain, founder and managing director at Intellect Design Arena, told ETTelecom.