SS Goenka, founder of Tally Solutions, dies

BANGALORE: The founder chairman of Tally Solutions, Shyam Sunder Goenka died of a heart attack on 21 October 2002 in Bangalore. He was 70.

Born on 15 October 1932, SS Goenka, had moved out of Calcutta, thirty years ago, to set up his own textile machinery business manufacturing spare parts for textile mills in Bangalore. Coming from an entrepreneurial marwari background, this commerce graduate was instrumental in encouraging his son, Bharat, to pursue his passion for software and technology to create software that would handle financial accounts in a business.

In 1986, along with his son Bharat, he started a company called Peutronics that developed a cost-effective accounting package called Tally Solutions. The unprecedented success of their flagship product led to the formation of Tally Solutions, a Rs. 36.6 crore (2001-02) software product company.

Tally has the distinction of being accredited by the Institute of Chartered Accountants in England and Wales (ICAEW). The software has won the PC-Quest Users' Choice award five times in a row from 1994 to 1998 and the PC-World Techies award in 1997 and 1998.