Intuit setting up development center in Bangalore -... -
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Published on: 8/5/2005
Last Visited: 8/6/2005
"We are still in the process of hiring, and we have not finalized plans," Ranga Shetty, director for product development at Intuit and the person responsible for the Bangalore development center, told reporters Friday.
Since Intuit is a product software company, the number of recruits at the center is likely to be a few hundred, he added.The center will occupy a 21,000-square-foot facility.
Intuit currently employs about 1,700 development staffers spread across 13 engineering centers in the U.S. and one in Canada, Shetty said."We have come to India primarily to get access to a larger talent pool," he said.Another benefit is the lower cost of staff in India, he added.
A number of multinational software companies, including Microsoft Corp., Oracle Corp. and SAP AG, have large product development operations in India.Intuit is a relatively late entrant because until now its growth plans didn't require it to expand beyond its current engineering centers, Shetty said.
While software engineering skills and quality-control processes are available in India, specific knowledge about Intuit's applications will have to be created since they are currently focused mainly on the U.S. market and are compliant with U.S. financial rules and procedures, Shetty said.