The design and synthesis of four twisted donor‐acceptor (D‐A) thermally activated delayed fluorescence (TADF) molecules CBZ‐IQ, CBZ‐2FIQ, DI‐IQ and DI‐2FIQ is reported in this work based on diindolocarbazole (DI) and phenyl carbazole as donor and indoloquinoxalines as acceptor. These compounds serve as photocatalysts for organic transformations. Theoretical calculations and experimental data showed reasonable singlet and triplet energy gaps of 0.17‐0.26 eV for all compounds. All molecules showed increase in fluorescence quantum yields after degassing the solution and the transient photoluminescence decay showed two components: shorter prompt components (11.4 ns to 31 ns) and longer delayed components (36.4 ns to 1.5 μs) which further indicate the occurrence of TADF process. Cyclic voltammetry studies indicated well‐suited excited state redox potentials of all compounds to catalyze organic transformations such as heteroarene arylation. Accordingly, photocatalytic C‐H arylation of heteroarenes were performed using these compounds with excellent isolated yields of upto 80%. Due to their suitable efficient triplet energy levels, all the emitters were also employed as energy transfer photocatalysts in E to Z isomerization of stilbene with the excellent conversion of ~ 90%.