The Hindu Business Line : Tally sees 10-fold rise in user base

Accounting software vendor Tally Solutions is eyeing a 10-fold growth in its user base to two million over the next three years, said Managing Director, Mr Bharat Goenka, on Friday. The Tally user base now stands at around two lakh, up from 80,000 two years ago.

Announcing the launch of the new concurrent multi-lingual integrated business accounting software Tally 9, which supports some 29 languages, Mr Goenka said the new software allows users to maintain accounts in any Indian language, view it in other and print it in yet another language of their choice.

The support in Urdu language would be launched sometime next year, he said.

Designed to meet the needs of small and medium businesses, Tally 9 has been incorporated with features, including tax compliance features for VAT, service tax and excise for traders.

Tally 9 has an object-oriented database and supports Unicode data, which helps companies maintain data in any of the Unicode supported languages. "We believe Tally 9 will help increase the pace of computerisation in B and C towns in the country. Small town businesses can now easily and reliably maintain their books on the computer without worrying about technology or language," he said.

Further, Mr Goenka said the company would come out with an enterprise resource planning (ERP) product during the next quarter. Only some 5,000 of the two-lakh odd medium-sized businesses in India have implemented ERP solutions and there is a great potential, he said.

Tally's proposed ERP would be easy to implement and would be attractively priced, Mr Goenka said without revealing further details.

Tally's turnover for the current financial year would be around Rs 150 crore, Mr Goenka said, and the company expects a significant revenue growth in coming years. Mr Goenka, who owns a 100 per cent stake in Tally Solutions, said the company ceased to be an associate of Reliance Infocomm long ago. Further, Mr Goenka stated that he does not have any plans to raise any funds in the near future by diluting his stake.

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