11 hours ago
From paper to prosperity: How Tally Solutions is transforming Indian MSMEs into digital-ready enterprises
Live Events
For nearly 40 years, Tally Solutions has stood as a cornerstone of India's digital business transformation, fundamentally reshaping how micro, small, and medium enterprises manage their operations. Founded in 1986 by Shyam Sunder Goenka and son Bharat Goenka after their cotton business was destroyed by fire, the company emerged from adversity to become one of India's most successful software majors, embodying the resilience of Indian over 850,000 businesses benefiting from its solutions across 100 countries worldwide, Tally has democratised access to sophisticated business management tools that were once available only to large corporations. With prestigious clients including Dell, Raymond, Tommy Hilfiger, L&T, and Mercedes-Benz, Tally has proven its ability to serve businesses across the spectrum— from multinational corporations to small neighbourhood stores. This extensive reach positions it as more than just a software provider; it is an enabler of economic growth at the grassroots approach is rooted in its 'Power of Simplicity' philosophy, which has made complex business processes accessible to entrepreneurs without technical expertise. The company's flagship product, TallyPrime, allows MSME entrepreneurs to manage and grow businesses without having to understand the finer nuances of accounting or technology. This simplification has been crucial in helping small businesses transition from traditional paper-based systems to digital introduction of GST in 2017 presented challenges for Indian MSMEs. Tally Solutions stepped up decisively, transforming what could have been insurmountable compliance hurdles into a manageable process. Through TallyPrime's connected GST solution, the platform makes GST filing easier while generating e-invoices, enabling auto reconciliation, providing ITC insights, and facilitating MSME payments. This has been instrumental in helping hundreds of thousands of small businesses navigate India's complex tax commitment to MSME success extends beyond software provision. The company has launched extensive educational campaigns to support businesses through regulatory transitions. Notable initiatives include programmes to educate over 180,000 MSMEs on e-invoicing compliance, with specific campaigns in major business centres such as Mumbai, Bengaluru, and Telangana. These efforts demonstrate Tally's understanding that technology adoption requires both tools and knowledge company's impact during the Covid-19 pandemic exemplified its dedication to supporting small businesses during crises. Tally provided extensions and support that benefited more than 130,000 MSMEs, enabling them to maintain operations during lockdowns and facilitating remote work capabilities when physical business operations were Solutions represents more than technological innovation; it embodies the transformation of India's business landscape. By providing simple, powerful, and affordable business management solutions, the company has enabled millions of entrepreneurs to formalise operations, improve efficiency, and scale businesses. Little wonder then that it stood out from over 15,000 entries at India's largest MSME awards, the ET MSME Awards 2024, winning the 'MSME Enabler Award for Tech & Innovation' India continues its journey toward becoming a $5 trillion economy, Tally's role in empowering the MSME sector — which contributes significantly to employment generation and economic growth — remains more critical than more winner vignettes of the ET MSME Awards , keep an eye on this space.
