Intuit India is a fully owned subsidiary of Intuit Inc. USA. Located in the southern city of Bangalore (also known as the Silicon Valley of India), the India office was started in April 2005. Currently it has around more than 500 employees. It is one of the two development centers of Intuit outside the USA, along with Intuit Canada.
A 26 July 2007 Techwhack article (among others) said Intuit-India would expand in international markets, including India, China, Russia, and Brazil. Nilesh Thakker, country manager for India, said there was huge opportunity in these nations. Intuit India is working on point-of-sale software for the Indian market and considering hosted versions of products in India, including online banking services for banks. [1]
In March 2009, Intuit announced that it would launch its software products for the Indian market soon.
In Dec 2009, Intuit Inc. and Web 18's www.moneycontrol.com announced to provide Personal Finance Management Solutions in India and they signed a three-year partnership to provide a new financial management tool to Indian consumers on India's leading financial portal moneycontrol.com.
In January 2010, Intuit India released Intuit Money Manager, the company's first financial software product developed specifically for consumers in India. The Web-based Intuit Money Manager is an innovative personal finance tool.