About Magic Submission
Magic Submission is a Financial Services company founded in 2023. AI-powered solution for insurance submission management and financial services. The company has 6,485 employees. Its Indian entity Intellect Design Arena Limited reported revenue of ₹3,164 Cr. Magic Submission offers products and services including Magic Submission and iTurmeric. Its focus areas include Insurance, Underwriting, Submission Management and Banking.
Company details
Magic Submission is developed as an AI-powered tool by Intellect Design Arena Ltd to handle complexities in insurance submissions, where documents are automatically ingested and processed using advanced machine learning models. Data is extracted and normalized across various sources, ensuring consistency and accuracy in underwriting and risk analysis. The solution is integrated into financial services, including banking and wealth management, to reduce processing times and support global operations. Partnerships are utilized to enhance capabilities in compliance and efficiency.
- Employees 6,485
- SectorsFinancial Services
- Website magicaadhaar.com
- Social LinkedIn Facebook Instagram
- Legal Name Intellect Design Arena Ltd
- Date of Incorporation 18 Apr, 2011
- Jurisdiction Chennai, Tamil Nadu, India
- Indian entity revenue₹3,164 Cr
FY 2026 · +22% YoY
- Indian entity net profit₹368 Cr
FY 2026 · 12% margin
- Indian entity EBITDA₹553 Cr
FY 2026 · 17% margin
- Employee Count6,485
Associated legal entities of Magic Submission
Magic Submission operates through Intellect Design Arena Limited, a listed company (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Intellect Design Arena Limited Listed CIN L72900TN2011PLC080183 | Active | 18 Apr 2011 | Chennai, Tamil Nadu | ₹3,164 Cr | 5,706 | 8 | View details |
Products & Services of Magic Submission
Magic Submission offers a comprehensive portfolio of products and services, including Magic Submission and iTurmeric.
An AI solution that is utilized for processing insurance documents and submissions to enhance efficiency and accuracy.
A platform that is employed for managing banking operations, including payments and liquidity, within financial services.
Board of directors of Intellect Design Arena Limited (Magic Submission)
Intellect Design Arena Limited is the primary company behind Magic Submission. The board of Intellect Design Arena Limited currently have 6 directors; the longest-serving is Arun Jain, appointed in 2014. 12 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Arun Jain DIN 00580919 | Managing Director | 30 Aug 2014 | 12 yrs 2 mo | Intellect Design Arena Limited |
| Anil Kumar Verma DIN 01957168 | Whole-time director | 30 Sep 2014 | 12 yrs 1 mo | Intellect Design Arena Limited |
| Vijaya Sampath DIN 00641110 | Director | 25 Oct 2018 | 8 yrs | Intellect Design Arena Limited |
| Abhay Anant Gupte DIN 00389288 | Director | 15 Jun 2020 | 6 yrs 4 mo | Intellect Design Arena Limited |
| Ambrish Pandey Jain DIN 07068438 | Director | 05 May 2022 | 4 yrs 6 mo | Intellect Design Arena Limited |
| Shivakumar Dega DIN 00364444 | Director | 30 Jan 2026 | 9 mo | Intellect Design Arena Limited |
Financials of Magic Submission
Figures of Intellect Design Arena Limited, the primary company behind Magic Submission, for FY 2026. Revenue was ₹3,164 Cr (+22% year on year). Net profit was ₹368 Cr (12% margin). EBITDA was ₹553 Cr (17% margin). Revenue has grown at a compounded annual rate of +11% over three years and +15% over five years.
- ₹3,164 CrRevenue · FY 2026 · +22% YoY
- ₹368 CrNet profit · 12% margin
- ₹553 CrEBITDA · 17% margin
- ₹70.09 CrPaid-up capital
- 5,706Employees (provident fund records)
- +11%Revenue CAGR, 3 years
- +15%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Intellect Design Arena Limited are on its company page.
Detailed financial statements for Magic Submission
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Frequently Asked Questions about Magic Submission
Magic Submission was founded in 2023.
Magic Submission has 6,485 employees.
The primary company behind Magic Submission, Intellect Design Arena Limited, reported revenue of ₹3,164 Cr for FY 2026, up 22% year on year.
Magic Submission is developed as an AI-powered tool by Intellect Design Arena Ltd to handle complexities in insurance submissions, where documents are automatically ingested and processed using advanced machine learning models. Data is extracted and normalized across various sources, ensuring consistency and accuracy in underwriting and risk analysis. The solution is integrated into financial services, including banking and wealth management, to reduce processing times and support global operations. Partnerships are utilized to enhance capabilities in compliance and efficiency.
Magic Submission offers Magic Submission and iTurmeric.
Magic Submission operates through Intellect Design Arena Limited.
The legal entities of Magic Submission currently have 8 directors, including Anil Kumar Verma, Vijaya Sampath, Arun Jain and others.