:Tally Solutions
{{Short description|Indian multinational technology company}}
{{Use dmy dates|date=April 2017}}
{{Use Indian English|date=September 2016}}
{{Infobox company
| name = Tally Solutions Private Limited
| logo = Tally - Logo.png
| logo_size = 280px
| trading_name = Tally
| type = Private
| industry = {{plainlist|
| founded = {{Start date and age|1986|df=yes}} as Peutronics Financial Accountant
| founders = {{plainlist|
| key_people = Tejas Goenka (Managing Director)
Sheela Goenka (Chairperson)
Nupur Goenka (Executive Director)
Amrish Kumar Jain (CIO)
| products = TallyPrime
TSS (Tally Software Service)
Tally.ERP 9
Tally.Server 9
Tally.Developer 9
Shoper 9
| num_employees =
| location_city = Bangalore, Karnataka
| location_country = India
| area_served = Worldwide
| revenue = {{increase}} {{INRconvert|578|c}} (FY23){{cite news |last1=Kannan |first1=Uma |title=India is an inviting market for those who build tech the right way: Tally MD |url=https://www.newindianexpress.com/business/2024/Jun/17/india-is-an-inviting-market-for-those-who-build-tech-the-right-way-tally-md |access-date=2 April 2025 |work=The New Indian Express |date=17 June 2024 |language=en}}
| homepage = {{URL|https://tallysolutions.com/}}
}}
Tally Solutions is an Indian multinational technology company that provides enterprise resource planning software. It is headquartered in Bangalore.{{Cite web |last=Purandare |first=Kunal |date=2022-03-04 |title=Tally Solutions: Creating A Culture Of Care |url=https://www.forbesindia.com/article/india039s-best-employers-2022/tally-solutions-creating-a-culture-of-care/74197/1 |access-date=2022-04-12 |website=Forbes India |language=en}}
History
Tally Solutions was co-founded in 1986 by Shyam Sunder Goenka and his son Bharat Goenka{{cite web|url=https://www.bloomberg.com/research/stocks/private/person.asp?personId=26204032&privcapId=21842119|title=Executive Profile: Bharat Goenka |publisher=bloomberg.com |access-date=2016-07-04}} after the family's cotton business was destroyed by fire.{{Cite web |last=Bhakata |first=Pratik |date=2020-03-10 |title=Tally dreams big: India's top accounting software is all set to expand into retail |url=https://www.moneycontrol.com/news/business/tally-dreams-big-indias-top-accounting-software-is-all-set-to-expand-into-retail-5018221.html |access-date=2022-05-10 |website=Moneycontrol |language=en}}{{Cite news|url=http://www.business-standard.com/article/companies/tally-tries-to-reach-for-the-stars-112010500087_1.html|title=Tally tries to reach for the stars|last=Mishra|first=Bibhu Ranjan|newspaper=Business Standard India|date=5 January 2012|access-date=2016-06-29}} It began as Peutronics Financial Accountant, an accounting software application.{{cite web |date=2013-01-08 |title=Bharat Goenka(Tally Solutions) talks to us about the company's 'stubborn' decision to stay focussed on products |url=http://pn.ispirt.in/bharat-goenkatally-solutions-talks-to-us-about-the-companys-stubborn-decision-to-stay-focussed-on-products/ |access-date=2016-07-04 |publisher=ispirit.in}} The company was incorporated in 1991 and was renamed Tally Solutions in 1999.{{Cite web |last=Sharma |first=Rucha |date=2021-03-24 |title=India's Best Employers: Tally Solutions, Going Back To The Drawing Board |url=https://www.forbesindia.com/article/india039s-best-employers-2021/indias-best-employers-tally-solutions-going-back-to-the-drawing-board/67125/1 |access-date=2022-04-19 |website=Forbes India |language=en}}{{cite news |last1=Talgeri |first1=Kunal |date=27 February 2018 |title=How India's oldest accounting software got a new lease of life after GST |work=Economic Times |url=https://economictimes.indiatimes.com/small-biz/entrepreneurship/how-indias-oldest-accounting-software-got-a-new-lease-of-life-after-gst/articleshow/63089299.cms |access-date=3 February 2021}}
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{{cite web|url=http://articles.economictimes.indiatimes.com/2005-02-28/news/27506141_1_bharat-goenka-tally-solutions-sme|archive-url=https://web.archive.org/web/20131019153520/http://articles.economictimes.indiatimes.com/2005-02-28/news/27506141_1_bharat-goenka-tally-solutions-sme|url-status=dead|archive-date=19 October 2013|title= Tally Solutions: a calculated move |publisher=indiatimes.com |date=2005-02-28 |access-date=2016-07-04}} to create a software application that would handle financial accounts for his business.{{cite web|url=http://articles.economictimes.indiatimes.com/2011-07-22/news/29804196_1_tally-solutions-coding-indian-software|archive-url=https://web.archive.org/web/20120414112313/http://articles.economictimes.indiatimes.com/2011-07-22/news/29804196_1_tally-solutions-coding-indian-software|url-status=dead|archive-date=14 April 2012|title=Bharat Goenka discusses his dream of building Tally into a $1 bn company by 2015 |publisher=indiatimes.com |date= 2011-07-22|access-date=2016-07-04}} 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.{{Citation needed|date=April 2024}}
In 2006, Tally launched Tally 8.1, a concurrent multi-lingual version, and also Tally 9.{{cite web|url=http://www.cxotoday.com/story/tally-launches-multilingual-accounting-software/|title= Tally Launches Multilingual Accounting Software |publisher=CXOtoday.com |date=2006-01-15 |access-date=2016-07-04}} In 2009, the company released Tally.ERP 9, a business management solution{{cite web |date=2014-02-18 |title=Tally launches Tally.ERP 9 |url=https://www.thehindubusinessline.com/info-tech/tally-launches-tallyerp-9/article23124493.ece |access-date=2016-07-04 |publisher=thehindubusinessline.com}}
In 2015, the company launched a program called Vriddhi to certify and classify its business partners.{{cite web|url=http://timesofindia.indiatimes.com/business/india-business/Tally-Solutions-launched-new-channel-partner-programme/articleshow/46507267.cms|title= Tally Solutions launched new channel partner programme|publisher=indiatimes.com |date=2015-03-09 |access-date=2016-07-04}} Also in 2015, Tally Solutions announced the launch of Tally.ERP 9 Release 5.0 with taxation and compliance features.{{Cite web|url=http://www.channelworld.in/news/tally-solutions-set-to-transform-business-taxation|title=Tally Solutions Set to Transform Business Taxation|website=ChannelWorld India|access-date=2017-06-29}} 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.{{Cite news|url=http://economictimes.indiatimes.com/small-biz/security-tech/technology/tally-solutions-launchesgst-compliance-software/articleshow/59271199.cms|title=Tally Solutions launches GST compliance software|last=Tyagi|first=Chhavi|date=2017-06-22|work=The Economic Times|access-date=2017-06-29}}{{Cite news|url=http://www.thehindubusinessline.com/economy/tcs-deloitte-ey-among-34-cos-shortlisted-for-providing-gst-interface/article9419453.ece|title=TCS, Deloitte, EY among 34 cos shortlisted for providing GST interface|last=PTI|date=2016-12-09|work=The Hindu Business Line|access-date=2017-06-29|language=en}}
In 2020, the company released TallyPrime.{{Cite web|url=http://www.businessworld.in/article/Tally-Solutions-launches-next-gen-business-management-software-TallyPrime/06-11-2020-339862/|title = Tally Solutions launches next gen business management software - TallyPrime}}{{Cite web|url=https://www.moneycontrol.com/news/business/tally-launches-tally-prime-to-help-small-businesses-innovate-faster-6072481.html|title=Tally launches Tally Prime to help small businesses innovate faster}} In 2022, they introduced TallyPrime Edit Log.{{Cite web |date=2022-03-21 |title=TallyPrime Edit Log to assist firms under MCA to comply with audit trail mandate |url=https://www.freepressjournal.in/business/tallyprime-edit-log-to-assist-firms-under-mca-to-comply-with-audit-trail-mandate |access-date=2022-04-12 |website=Free Press Journal |language=en}}
Products and services
File:TallyPrime Logo.jpgTally Solutions sells enterprise resource software and business management software to SMEs (small and medium-sized business enterprises). The company's flagship product, Tally.ERP 9, was replaced by TallyPrime in 2020.{{Cite web |last= |first= |date=2021-12-16 |title=TallyPrime Replaces Tally.ERP 9 as Tally's Flagship Software |url=https://www.dailyexcelsior.com/tallyprime-replaces-tally-erp-9-as-tallys-flagship-software/ |access-date=2022-04-19 |website=Daily Excelsior |language=en-US}} In 2022, they worked with more than 28,000 partners. Tally Solutions has collaborated with Amazon Web Services to make TallyPrime available on the AWS.{{Cite news |title=Tally Solutions partners with Amazon Web Services for 'TallyPrime' |work=The Economic Times |url=https://economictimes.indiatimes.com/tech/tech-bytes/tally-solutions-partners-with-amazon-web-services-for-tallyprime/articleshow/88522181.cms |access-date=2022-07-11}} It was launched in December 2021.{{Cite news |date=2021-12-27 |title=Tally Solutions partners with Amazon Web Services for 'TallyPrime' |url=https://timesofindia.indiatimes.com/tally-solutions-partners-with-amazon-web-services-for-tallyprime/articleshow/88521595.cms |access-date=2024-09-11 |work=The Times of India |issn=0971-8257}} Products also include Shoper 9, which is a retail management software.
References
{{reflist|30em}}
{{ERP software}}