Intellect Design Arena Limited (BSE:538835) will look for mergers and acquisitions (M&A). Arun Jain, Chairman & Managing Director said, “First of all, M&A, we will be looking at it if there are some niche players are there, but not very actively because if company is growing 20% plus, there's no need of a merger and acquisition, we need to plan and so many products to go to market. But some niche places are there. We would like to go for M&A or some investment basis”.