Also in 2015, Tally Solutions announced the launch of Tally.ERP 9 Release 5.0 with taxation and compliance features.
In 2015, the company launched a program called Vriddhi to certify and classify its business partners.
In 2009, the company released Tally.ERP 9, a business management solution. In 2006, Tally launched Tally 8.1, a concurrent multi-lingual version, and also Tally 9. It had only basic accounting functions, and was named Peutronics Financial Accountant. The first version of the accounting software was launched as an MS-DOS application. 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. Shyam Sundar Goenka was running a company that supplied raw materials and machine parts to plants and textile mills in southern and eastern India. The company was incorporated in 1991 and was renamed Tally Solutions in 1999. It began as Peutronics Financial Accountant, an accounting software application. Tally Solutions was co-founded in 1986 by Shyam Sunder Goenka and his son Bharat Goenka after the family's cotton business was destroyed by fire. The company reports that its software is used by more than 7 million customers. It is headquartered in Bangalore, Karnataka. is an Indian multinational technology company, that provides enterprise resource planning software.
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