Intuit appoints new Managing Director for India

Company Brief

Bangalore, September 5, 2011

Intuit Inc.(Nasdaq: INTU) has appointed Nikhil Arora as Vice President and Managing Director of Intuit India. Intuit is a leading global developer of business and personal finance management solutions. Arora will drive the company's strategic growth in India and lead its regional go-to-market efforts for small business and consumer offerings. In this role, Arora will also be working closely with Vijay Anand, Vice President of Intuit's India Development Center, located in Bangalore.

"We've been in India with our Development Center for more than six years, and have been developing & testing solutions for the Indian market for 2 years and are proud of the home-grown solutions being developed here," said Alex Lintner, President of Intuit's Global Business Division. "Having the best talent has been crucial to making Intuit one of the most innovative software companies in India. In fact, Intuit is recognized among the best companies to work for in the country.Nikhil continues that proud tradition of having some of the best talent in the country work for us."

"India is an exciting growth market for us and we're happy to have Nikhil on board. His proven experience in leading operations and developing new product growth initiatives in emerging markets will be of tremendous value as he steers expansion of Intuit's Indian business,"Lintner said.

Arora comes to Intuit from Laureate Education, where he served as vice president and head of operations. He has more than 18 years' experience in corporate strategy, business development, marketing, finance and operations, having worked for companies such as ADP, Delphi Automotive, Microsoft and CBS Television. Arora brings a deep understanding of the Indian and Central Asian marketplace and the challenges confronting businesses in India.

Arora completed his education in the United States and has an MBA from Thunderbird, the Global School of International Management located in Glendale, Ariz. He has been educated in three countries and lived and worked in more than five countries.

"Intuit is globally focused on small business success," said Arora. "As the massive adoption of mobile technology and the Internet are changing the way small businesses operate in India, we are delivering products customized to meet their changing needs.

One example, Arora said, is the Intuit Labs Fasal experiment, which gives farmers a competitive edge in the marketplace by providing them with pricing and other agricultural advisory information they did not previously have.

"This is a breakthrough for farmers, and we're committed to developing and delivering new and pioneering solutions that address important needs of Indian consumers, micro and small businesses," he said.

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