Tally Solutions

Tally Solutions Pvt Ltd.
Private
Industry ERP Software
Founded 1988
Founder
Headquarters Bangalore, Karnataka, India
Products Tally.ERP9, Tally.Server9, Tally.Developer9 and Shoper9
Website www.tallysolutions.com

Tally Solutions Pvt. Ltd., is an Indian multinational company that provides enterprise resource planning software. It is headquartered in Bangalore, Karnataka India. The company reports that its software is used by more than 1 Million customers.[1]

History

Tally Solutions, then known as Peutronics,[2] was co-founded in 1986 by Shyam Sunder Goenka and his son Bharat Goenka. [3] 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[4] to create a software application that would handle financial accounts for his business.[5] 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.[6]

  • In 1988, the product was renamed as Tally.
  • In 1997, the first Windows based version Tally 5.4 was released.
  • In 1999, the company formally changed its name to Tally Solutions.[4]
  • in 2001, Tally 6.3 launched (Educational/ Licence version)
  • In 2005, Tally 7.2 was launched with features designed to meet Indian value-added taxation (VAT) requirements.
  • In 2006, Tally launched Tally 8.1, a concurrent multi-lingual version, and also Tally 9.[7]
  • In 2009, the company released Tally.ERP 9, a business management solution[8]
  • In 2015, the company launched a program called Vriddhi to certify and classify its business partners.[9] Also in 2015, Tally Solutions announced the launch of Tally.ERP 9 Release 5.0 with taxation and compliance features.[10]
  • As of 2016, the company had 1 million customers.[11]
  • 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.[12][13]

Tally.ERP

Tally's main product is its enterprise resource planning software called Tally.ERP 9 with single and multi-user licences. For large organisations with many branches, Tally.Server 9 is offered. The software handles accounting, inventory management, tax management, payroll etc.[8]

References

  1. ↑ "Tally Solutions clocks 1 Million Customers Globally". indiatimes.com. 2016-05-04. Retrieved 2016-07-04.
  2. ↑ "Bharat Goenka(Tally Solutions) talks to us about the company's 'stubborn' decision to stay focussed on products". ispirit.in. 2013-01-08. Retrieved 2016-07-04.
  3. ↑ "Executive Profile: Bharat Goenka". bloomberg.com. Retrieved 2016-07-04.
  4. 1 2 "Tally Solutions: a calculated move". indiatimes.com. 2005-02-28. Retrieved 2016-07-04.
  5. ↑ "Bharat Goenka discusses his dream of building Tally into a $1 bn company by 2015". indiatimes.com. 2011-07-22. Retrieved 2016-07-04.
  6. ↑ "Brief history about Tally.ERP 9 and its versions since Tally 3.0". accountsguy.net. 2014-10-15. Retrieved 2016-07-04.
  7. ↑ "Tally Launches Multilingual Accounting Software". CXOtoday.com. 2006-01-15. Retrieved 2016-07-04.
  8. 1 2 "Tally launches Tally.ERP 9". thehindubusinessline.com. 2014-02-18. Retrieved 2016-07-04.
  9. ↑ "Tally Solutions launched new channel partner programme". indiatimes.com. 2015-03-09. Retrieved 2016-07-04.
  10. ↑ "Tally Solutions Set to Transform Business Taxation". ChannelWorld India. Retrieved 2017-06-29.
  11. ↑ "Tally Solutions clocks 1 Million Customers Globally - Times of India". The Times of India. Retrieved 2017-06-29.
  12. ↑ Tyagi, Chhavi (2017-06-22). "Tally Solutions launches GST compliance software". The Economic Times. Retrieved 2017-06-29.
  13. ↑ PTI (2016-12-09). "TCS, Deloitte, EY among 34 cos shortlisted for providing GST interface". The Hindu Business Line. Retrieved 2017-06-29.
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