Shyam Sunder Goenka was an Indian entrepreneur, who founded

Bangalore Bangalore (), officially Bengaluru (), is the capital and largest city of the Indian state of Karnataka. It has a population of more than and a metropolitan population of around , making it the third most populous city and fifth most ...

-based Tally Solutions, one of India’s first software product companies.

Early life and background

He was born on 15 October 1932 in

Kolkata Kolkata (, or , ; also known as Calcutta , List of renamed places in India#West Bengal, the official name until 2001) is the Capital city, capital of the Indian States and union territories of India, state of West Bengal, on the eastern ba ...

in a Marwari family to parents Thakursi Das Goenka and Bhagwani Devi Goenka. Shyam Sunder Goenka graduated in Commerce from

West Bengal State University West Bengal State University (WBSU) is a public university situated in Berunanpukuria, North 24 Paraganas, West Bengal, India. It was established by an Act of the Legislative Assembly on 2007. History The Government of West Bengal through a ...

. During the late 60’s, he moved out of Calcutta, to set up his own textile machinery business called Vijay Bobbins and Industries Pvt. Ltd. in

Career

In the 80’s, while running the textile machinery business, Shyam Sunder Goenka was looking for software to manage his business but was unable to find one which was simple and efficient. This prompted him to inspire his son, Bharat Goenka, to pursue his passion for software and technology to create software that would handle financial accounts for his business. His guidance led to the creation of a software called Peutronics Financial Accountant (PFA). He took the first version to the market to sell to hitherto unknown buyers, before taking advantage of his social network and business associates for adoption. The positive response that the software received in an age where buying computers was still an expensive affair for companies in India, led S.S. Goenka to believe in the product’s potential and market reach. In 1986, he along with his son established Peutronics as a company which later morphed into Tally Solutions Pvt. Ltd. in 1999 and the software, PFA became popular as Tally. Headquartered in

Bangalore, India Bangalore (), officially Bengaluru (), is the capital and largest city of the Indian state of Karnataka. It has a population of more than and a metropolitan population of around , making it the third most populous city and fifth most ...

, S.S Goenka expanded the company to three metro cities in India-

Mumbai Mumbai (, ; also known as Bombay — the official name until 1995) is the capital city of the Indian state of Maharashtra and the ''de facto'' financial centre of India. According to the United Nations, as of 2018, Mumbai is the secon ...

Delhi Delhi, officially the National Capital Territory (NCT) of Delhi, is a city and a union territory of India containing New Delhi, the capital of India. Straddling the Yamuna river, primarily its western or right bank, Delhi shares borders wi ...

and

, along with an international office at London. S.S Goenka led the product to early popularity of more than lakh customers thanks to its channel partner network in India. He died of a heart attack on 21 October 2002 in Bangalore at the age of 70.

References

Businesspeople from Bangalore 2002 deaths 1932 births {{India-business-bio-stub