CIT Group, New York-based provider of commercial and consumer finance solutions, today announced it is tying up with Bangalore-based Mindtree Consulting to set up an offshore development centre in India's IT capital.The company said the centre will help it to streamline its global sourcing initatives, technology operations and improve its operating efficiencies.CIT Group, a Fortune 500 company founded in 1908, has about $80 billion in managed assets and product knowledge to serve the needs of clients across about 30 industries globally.The offshore development centre in Bangalore will initially employ 75 consultants. The centre is expected to grow to more than 100 consultants as and when CIT invests in technology to support its operations.