Tally Solutions was co-founded in 1986 by Shyam Sunder Goenka and his son Bharat Goenka[2] after the family's cotton business was destroyed by fire.[3][4] It began as Peutronics Financial Accountant, an accounting software application.[5][3] The company was incorporated in 1991 and was renamed Tally Solutions in 1999.[6][7][