Tally Solutions Pvt. Ltd. is an Indian multinational

technology company A technology company (or tech company) is an electronics-based technological company, including, for example, business relating to digital electronics, software, and internet-related services, such as e-commerce services. Details According to ''Fo ...

, that provides

enterprise resource planning Enterprise resource planning (ERP) is the integrated management of main business processes, often in real time and mediated by software and technology. ERP is usually referred to as a category of Business management tools, business management ...

software. It is headquartered in

Bangalore Bangalore (), officially Bengaluru (), is the capital and largest city of the Indian state of Karnataka. It has a population of more than and a metropolitan population of around , making it the third most populous city and fifth most ...

, Karnataka. The company reports that its software is used by more than 7 million customers.

History

Tally Solutions was co-founded in 1986 by

Shyam Sunder Goenka Shyam Sunder Goenka was an Indian entrepreneur, who founded Bangalore-based Tally Solutions, one of India’s first software product companies. Early life and background He was born on 15 October 1932 in Kolkata in a Marwari family to parents ...

and his son

Bharat Goenka Bharat Goenka is an Indian businessman and the co-founder and managing director of Tally Solutions. In 2020, he received the Padma Shri from the Government of India for his contribution in the field of trade and industry. Life Goenka is the son ...

after the family's cotton business was destroyed by fire. It began as Peutronics Financial Accountant, an accounting software application. The company was incorporated in 1991 and was renamed Tally Solutions in 1999. Shyam Sundar Goenka was running a company that supplied raw materials and machine parts to plants and textile mills in southern and eastern India. Unable to find software that could manage his books of accounts, he asked his son, Bharat Goenka, 23, a Maths graduate to create a software application that would handle financial accounts for his business. The first version of the accounting software was launched as an MS-DOS application. It had only basic accounting functions, and was named Peutronics Financial Accountant. * In 2006, Tally launched Tally 8.1, a concurrent multi-lingual version, and also Tally 9. * In 2009, the company released Tally.ERP 9, a business management solution * In 2015, the company launched a program called Vriddhi to certify and classify its business partners. Also in 2015, Tally Solutions announced the launch of Tally.ERP 9 Release 5.0 with taxation and compliance features. * In 2016, Tally Solutions was shortlisted as a GST Suvidha Provider to provide interface between the new Goods and Services Tax (GST) server and taxpayers, and in 2017, the company launched its updated GST compliance software. * In 2020, the company released TallyPrime. * In 2022, they introduced TallyPrime Edit Log. * In 2023, announced to hire additional 500 people.

Products and services

Tally Solutions sells enterprise resource software and business management software to

SMEs Superconducting magnetic energy storage (SMES) systems store energy in the magnetic field created by the flow of direct current in a Superconductivity, superconducting coil which has been Cryogenics, cryogenically cooled to a temperature below ...

(small and medium-sized business enterprises.) The company's flagship product, Tally.ERP 9, was replaced by TallyPrime in 2020. In 2022, they worked with more than 28,000 partners. * Tally Solutions has collaborated with Amazon Web Services to make its flagship product TallyPrime available on the cloud-computing platform TallyPrime Logo

References

{{ERP software Companies based in Bangalore Software companies of India ERP software companies Indian brands Software companies established in 1986 Indian companies established in 1986 1986 establishments in Karnataka Accounting software