Tally Solutions,then known as Peutronics, was co-founded in 1986 by Shyam Sunder Goenka and his son Bharat Shyam Sunder 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 a software that can manage his books of accounts, he asked his son, Bharat Goenka, 23, a Maths graduate to create a software 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. It was known as the first code less package, a feature that made it easy for most people to use. â?¢ In 1988, the product was renamed as TALLY. â?¢ In 1997, the first Windows based version 5.4 was released. â?¢ In 1999, the company formally changed its name to Tally Solutions. â?¢ In 2005, Tally 7.2 was launched with features designed to meet Indian value- added taxation (VAT) requirements. â?¢ In 2006, Tally launched Tally 8.1, a concurrent multi-lingual version. â?¢ In 2009, the company released Tally.ERP 9, offering complete business management solution â?¢ 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. â?¢ As of 2016, the company had 1 million customers. â?¢ 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. Tally main product is its Enterprise Resource Planning Software called Tally.ERP 9 with single user 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.