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Intuit appoints former Housing CMO Nikhil Rungta as India MD

nikhilrungtaSoftware company Intuit has appointed Nikhil Rungta as its managing director of its India business. At the company, he will be responsible for overall business for the country and will be looking at growth for products like QuickBooks, its online business and financial management software for small businesses.

Intuit also has software which helps businesses with taxes. Rungta also mentioned that he would be working on making sure that Intuit was GST ready.”We are happy at the passing of the Goods and Service Tax bill and are in the process of upgrading our platform and making it GST ready. Apart from these we are working on many other new features, which will help in ease of doing business,” he said in a blog.

Previously, he was appointed chief marketing officer at Housing.com. Housing appointed Jason Kothari as its new CEO in November 2015, after Rahul Yadav was let go as CEO of the company in July last year.  In July this year, Housing also promoted Mani Rangarajan as the Chief Business Officer.

Prior to that, Rungta was the senior vice president of marketing at Reliance Jio and the CMO for Google India, where he led the position for four years. Overall, Rungta has over 20 years of experience in the marketing field and has worked in leadership roles atYatra and Yebhi, where he headed the marketing for the companies. Other than this, he also worked at McCann Erickson, Dhar & Hoon Advertising, Shaw Wallace & Company and Mayfair Electrical Industries.

Intuit’s financials

In Q4, Intuit reported total revenue at $754.0 million, representing 8.3% YoY growth. The company had reported  subscribers of 1,513,000, including 116,000 of net additions in the quarter, as indicated by this Benzinga report.  The company reported $0.08 earnings per share for the quarter.

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