The Late Shri S. S. Goenka, founder of the company Peutronics Pvt. Ltd. set up Tally's software business in 1986. His able mentoring of his son Bharat resulted in the creation of software that would simplify the process of financial accounting and inventory. Determined to create and develop a simple business accounting software, Bharat spent months in the research and development of path breaking technologies, which would assist him in achieving his goals. His dedication and focus led to the development of a commercial product. It was at this stage that Peutronics Pvt. Ltd. metamorphosed into Tally Solutions - a company that would set new standards of excellence in business accounting and lead the market as India's number one accounting software developer.