By navigating our site, you agree to allow us to use cookies, in accordance with our Privacy Policy.

Intuit acquires KDK Softwares India

Intuit acquires KDK Softwares India

Intuit has announced the acquisition of KDK Softwares India, the company that deals in providing professional tax solutions in the country. This new move will enhance the position of Intuit in providing the ecosystem to small business enterprises so that they can establish strong foothold for the company to reach accountants in India. The base of Intuit will expand further with the addition of over 20,000 of KDK Softwares’s customers. Moreover, the company is also aiming at expanding it product portfolio. The new products introduced will include simplified tax filing for accountants, bookkeepers and their small business clients.

Speaking about the acquisition, Nikhil Arora, Vice President and Managing Director, Intuit India, said, “Our vision is to become the ecosystem behind the success of Indian small businesses and accountants.  By 2020, we want one in four small businesses in India to use Intuit products. With this acquisition, we will in the near term be able to provide our customers with an end-to-end workflow of integrated accounting and tax capability which would be the first of its kind in the country. The addition of KDK Softwares builds on Intuit’s QuickBooks small business ecosystem offering in India, providing for the first time a seamless and collaborative tax filing solution.

With this strong initiative, Intuit will be able to offer integrated solution through, Intuit QuickBooks which will provide a robust solution for accounting, tax computation and e-filing. Accountants usually spend 50 percent of their time filing taxes.

On this move, Kapil Goyal, Founder and Managing Director of KDK Softwares, feels, “KDK Softwares is committed to partnering with small businesses and accountants across India and providing them with solutions that makes tax filing easy and compliant.  Today we serve 1 in 5 practicing chartered accountants in India and we are very excited to join Intuit. Together we will be able to add efficiency, ease-of-use and time savings for small business ecosystem in India.  Also, KDK Softwares accountants are early adopters of online solution and thus are an ideal fit to take advantage of the QuickBooks integration.”

Tags

Heena Gupta

A reader at heart, this girl loves to express through writing. Her ears perk up as soon as she senses any tech molecule in the air. With the ability to use and navigate typical technologies she becomes a complete tech enthusiast. This post graduate in Mass Communication lives in the world of gadgets. Fiction, history and cartoons keep her busy in the free time. Her urge to grow mixed with excellent writing skills forces us to have her as a part of our workforce.

Related Articles

Upcoming Events