• Home >
• Press >
• Press releases >
• Intuit advisory board

Intuit Establishes India Advisory Board

Mr. Nachiket Mor and Mr. Kiran Karnik to help revolutionize the way Indian consumers and small businesses manage finances.

Mumbai, India | April 29, 2009

Two of India´s leading financial and IT executives, Mr. Nachiket Mor and Mr. Kiran Karnik, have been named to Intuit Inc.´s newly established India Advisory Board. Intuit, a leading developer of business and personal finance management software, created the board after launching its Global Business Division in India last month.

Intuit looks forward to working closely and learning from these experts on the greatest areas for opportunity in India and gaining their insight to help build relationships with key enablers in the country.

Mr. Mor, a financial services expert, is the head of the ICICI Foundation for Inclusive Growth, and a former deputy managing director of ICICI Bank. He´s been actively involved in India´s rural and micro banking initiatives and has in-depth knowledge of banking and financial management in India.

Mr. Karnik, a recognized thought leader in IT and communications, was President of NASSCOM, the National Association of Software and Services Companies, from 2001-2008, and is a permanent invitee on its Board. Expected to counsel Intuit´s India business unit, he is the ex-managing director of Discovery Networks and was named "Face of the Year" by Forbes magazine for his role in India´s off-shoring wave. Intuit expects his UNESCO award-winning interest in bringing technology and communications to rural India to help it design better financial solutions for Indian small businesses.

Commenting on these appointments to the advisory board, Umang Bedi, Managing Director of Intuit India said: “We´re honored to have such elite dignitaries guiding our endeavors. Their expertise and experience will help us delve into the psyche of the Indian consumers and small businesses. Their valuable inputs and foresight will help us reach out to greater India, with a razor-sharp focus. They´ll play an important role in helping us develop and deliver solutions in India, for India.”

The Advisory Board supports Intuit India´s path-breaking approach to create tailor-made solutions to address important unsolved problems for consumers and small businesses in India. The overall intent is to provide these underserved markets with a suite of connected services to help revolutionize millions of lives in India.

About Intuit Inc.

Intuit Inc. is a leading provider of business and financial management solutions for small and mid-sized businesses; financial institutions, including banks and credit unions; consumers and accounting professionals. Its flagship products and services, including QuickBooks®, Quicken® and TurboTax® software, simplify small business management and payroll processing, personal finance, and tax preparation and filing. ProSeries® and Lacerte® are Intuit's leading tax preparation software suites for professional accountants. The company's financial institutions division, anchored by Digital Insight, provides on-demand banking services to help banks and credit unions serve businesses and consumers with innovative solutions.

Founded in 1983, Intuit had annual revenue of $3.1 billion in its fiscal year 2008. The company has approximately 8,000 employees with major offices in the United States, Canada, the United Kingdom and other locations. Intuit is listed on the Nasdaq stock market under the symbol INTU. More information is available at www.intuit.com.

Intuit was named the “World´s Most Admired Company” by Fortune Magazine in 2009, in addition to being named “America´s Most Admired Software Company,” from 2005 - 2008. In January, Intuit was named to Fortune´s “100 Best Companies to Work For” list for the eighth consecutive year.

About Intuit Global Business Division

The Intuit Global Business Division is an innovative, high-performance, growth business that aims to promote products and services that revolutionize millions of lives in India. Building upon Intuit´s legacy of customer-driven innovation, Intuit GBD promotes local solutions that will serve large, unmet or underserved needs among individuals and small business owners. Intuit GBD has employees located in Bangalore.

Intuit GBD is a division of Intuit. More information is available at www.intuit.com.

For more information, please contact

Shouvick P Mukherjee +91 99001 40576
Senior Consultant

Hanmer MS&L Communications Pvt. Limited
Tel: +91-80-2525-2234
Fax: +91-80-2520-1873
Email: shouvik@hanmermsl.com
Web: www.hanmermsl.com

Back to Press Releases