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Tally Solutions, then known as Peutronics,[2] was co-founded in 1986 by Shyam Sunder Goenka and his son Bharat [3] 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 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] It was known as the first code less package, a feature that made it easy for most people to use.

Tally.ERP 9 has all the features required for high performance including remote access, audit and statutory compliance services, an integrated support centre and security management, all focused on delivering peace of mind.