The business was set up in 1986 by S S Goenka, who founded a small company called Peutronics Pvt. Ltd. with the aim of using computers to simplify the tedious job of keeping accounts. His son Bharat was responsible for the development of the commercial software product which led to Peutronics Pvt. Ltd., becoming _________. It now operates from its offices on the Hosur Road, a business district of the Silicon Valley of India that houses many software companies.