The company will also be establish its global business division in India. The division will lead efforts to introduce Intuit"s unique approach to customer-driven innovation in India, with plans to expand into major emerging markets in the Asia-Pacific region to pursue global growth opportunities.
Brad Smith, President and Chief Executive Officer, Intuit, said the division will create indigenous products, both for the web and for mobile devices, to solve the unmet needs of individuals and small businesses in India and emerging markets.
In India the most popular accounting software Tally could face competition from Intuit. Mukesh Ambani is an investor in Tally.