Intuit strengthens India focus; unveils new innovative workplace
Aimed at fostering a culture of innovation and entrepreneurship among employees
Bangalore, India | October 4, 2013
Underscoring its India focus, Intuit Inc. (Nasdaq: INTU), today unveiled its new 215,000 sq. ft. facility at Pritech SEZ Park, Bellandur in Bangalore. The new centre, which can house up to 830 staff, has been designed to foster Intuit’s innovation culture through world–class facilities and a flexible work environment.
Vijay Anand, Vice President of the India Development Center, Intuit India, said: “Workplaces have an important bearing on both individual and team productivity. Our new workspace encourages employees to connect across teams, and provides them with the tools and infrastructure to ideate, collaborate and deliver ideas that can be taken to market to effectively fulfill customers’ needs.”
Intuit’s India Development Center (IDC) has been instrumental in the development of Intuit’s flagship products including QuickBooks, TurboTax, Mint and Quicken. In line with Intuit’s mission to be the small business operating system for the world, IDC drives key products including QuickBooks Online for global markets including India. As a microcosm of Intuit with every business at Intuit represented in India, IDC drives critical cross product innovation that delivers awesome product experiences for its customers.
Promoting a culture of entrepreneurship through programs such as Unstructured Time for every employee has led to IDC being recognized as a beacon of innovation within the company as well as outside. The “In India for India” story is best exemplified by innovations from the ground up such as txtWeb, a service that helps over 11 million users in India bridge the digital divide by providing everyone access to bite–sized information when they need it through SMS on every mobile phone.
Nikhil Arora, Vice President and Managing Director of Intuit India, said “We are delighted to have created this new world–class workplace for our employees in Bangalore. Our investment underlines our commitment to India and is an indication of how optimistic we are about our growth prospects in India. The enterpreneurial environment at IDC encourages employees to innovate and solve for the big, unmet needs of our customers globally and in India. With the positive response and adoption of QuickBooks Online in India, we are eager to serve the end–to–end financial and business management needs of small businesses, and IDC will be instrumental in contributing towards that.”
Intuit’s new workplace was designed with significant employee input and includes places for team collaboration, concentration, learning and development. To foster employee delight, designers responded to employees’ requests for color and visual surprise within work areas, places to highlight achievements, and flexible work stations that can be configured to suit individual preferences.
With environmental sustainability being an important value for Intuit, the facility was designed to attain LEED Platinum certification. To enhance Intuit India’s standing as a “great place to work,” the building also includes cafes and coffee bars, recreation areas, and a fitness centre.
Intuit provides a highly supportive workplace environment that allows employees to pursue projects of their choice as part of their unstructured time. 'Follow me home' is a unique initiative offered by Intuit to gain a better understanding of customers' needs which, in turn, helps us develop better, more innovative products. Such initiatives have resulted in greater employee involvement with the work and the products we develop.
About Intuit India
Intuit is a leading provider of business and financial management solutions for small and mid–sized businesses in the country. Intuit India, the company’s first venture in Asia Pacific, commenced operations in 2005 and currently has more than 700 employees across offices in Bangalore, Mumbai and New Delhi. Intuit stands on the core principles of customer–driven innovation and improving the financial lives of its customers profoundly with product offerings such as QuickBooks Online in India. Intuit has been recognized as the 9th best company for Rewards and Recognition, 6th Best Employer in India, Top 10 Best Places to Work for in India by Great Places to Work Institute. For more information, please visit www.intuit.in
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®, simplify small business management and payroll processing, personal finance, and tax preparation and filing. ProSeries® and Lacerte® are Intuit’s leading tax preparation offerings for professional accountants. Founded in 1983, Intuit had annual revenue of $4.15 billion in its fiscal year 2012. The company has approximately 8,000 employees with major offices in the United States, Canada, the United Kingdom, India and other locations. More information can be found at www.intuit.com
For more information, please contact
Samantha Unnikrishnan: +91-80-41769200
Intuit India | Global Business Division
Shweta Angara : +91 9379458123