Intellect Carves Out Purple Fabric as Independent Line of Business, Names Deepak Dastrala

Intellect announces the strategic carve‑out of Purple Fabric as an independent line of business. The move separates Purple Fabric from the parent company’s core operations. Intellect positions the carve‑out as a growth‑focused initiative. Deepak Dastrala has been appointed to lead the newly independent unit. The appointment signals confidence in Dastrala’s leadership abilities. Stakeholders anticipate a sharper strategic focus for Purple Fabric. The company expects the restructure to enhance market responsiveness. Industry analysts will monitor the impact on Intellect’s overall performance.