Goenka of Tally, the father of Indian software product industry, was amongst the first to develop products for the Indian market using just a personal computer more than three decades ago
BANGALORE, INDIA: The Nasscom Product Conclave for the first time today gave away Lifetime Achievement Award and it was bagged by Bharat Goenka of Tally.
With more than 2 million customers today, Tally is a shining beacon for thousands of product entrepreneurs in India.
Goenka is often referred to as the “Father of the Indian software product industry” given the fact that he was amongst the first to develop products for the Indian market using just a personal computer more than three decades ago.
Nasscom also announced its list of Emerge-10 companies which included AliveNow Inc., Capillary Technologies, Forus Health Pvt. Ltd., iDuple, Innoz Technologies Pvt. Ltd., MobMe Wireless Solutions Pvt. Ltd., TELiBrahma Convergent Communications Pvt. Ltd., Wingify, Wifinity Tech, Zenga Media Pvt. Ltd.
In terms of contributions to the software product ecosystem, Dorai Thodla was recognised for his overall contribution to the start-up eco-system, Sameer Guglani from the Morpheus Gang for enabling start-up incubation practice and George Vettiah from Kallos for his contributions to the Nasscom Emerge community.
Sharad Sharma, chair Nasscom Product Forum, said, “With strong support for software products, India’s ability and prowess of building strong intellectual property can be parlayed into tremendous value in a global context. India with 200,000 R&D software engineers and one of the largest R&D footprints in the world has one of the strongest value-creation engines in software. The government can be of immense support while still sustaining its role as a pure-play regulator and facilitator.”
The average R&D investments by companies in the innovation category for the past three years was Rs..2.47 crore and cost reduction and enhanced productivity were the top-end customer value additions enabled by innovation.
Sharad Sharma added, “Filing US patents is expensive. Today, over 90% of the patents being filed are by the MNCs operating their R&D centers in India. Subsidy support is needed to grow the patent portfolio of the India product startups. China has also used a scheme like this to grow its patent portfolio.”