DSQ Software

DSQ Software Ltd, established in 1992¹ and headquartered in Chennai (formerly Madras), India was a publicly listed IT and software services consulting company, mainly operated overseas with its base in India. DSQ was in the top league of Indian IT companies that operated abroad during the tech-boom of 1990s and mainly catered to demands from western markets for project services, technical manpower and IT skills. The company was first known as Square D Software Ltd and changed its name to DSQ Software in 1997. The company offered service offerings in mainframe and midrange computing, telecommunications, CAD, and various other IT service areas. DSQ had clients in US, Europe and the Asia-Pacific region. In 2000, it employed around 2000 people and reported revenues in the region of $60m. Hewitt Associates, a leading US based human resources consultancy firm valued the human resources capital of DSQ at $1bn . DSQ had an impressive list of international clients and it posted year-on-year increasing revenues until 2000. In 2000, DSQ was also the first to establish itself as an application service provider, providing Internet based services and operating from India via DSQworld.com. From 2002 onwards, DSQ's market presence diminished when its lucrative operations and client service contract agreements were sold to a privately held company.…

DSQ Software Ltd, established in 1992 and headquartered in Chennai (formerly Madras), India was a publicly listed IT and software services consulting company, mainly operated overseas with its base in India. DSQ was in the top league of Indian IT companies that operated abroad during the tech-boom of 1990s and mainly catered to demands from western markets for project services, technical manpower and IT skills. The company was first known as Square D Software Ltd and changed its name to DSQ Software in 1997. The company offered service offerings in mainframe and midrange computing, telecommunications, CAD, and various other IT service areas. DSQ had clients in US, Europe and the Asia-Pacific region. In 2000, it employed around 2000 people and reported revenues in the region of $60m. Hewitt Associates, a leading US based human resources consultancy firm valued the human resources capital of DSQ at $1bn . DSQ had an impressive list of international clients and it posted year-on-year increasing revenues until 2000. In 2000, DSQ was also the first to establish itself as an application service provider, providing Internet based services and operating from India via DSQworld.com. From 2002 onwards, DSQ's market presence diminished when its lucrative operations and client service contract agreements were sold to a privately held company. DSQ shares were suspended in 2001 and its India operations ceased in 2002. 2003 saw DSQ's collapse, with minimal business activities. Between 2001-2004, DSQ continued to trade under various renamed entities based in the UK, with reported group revenues of £76m GBP for year ending March 2004. The US entity accounted over 98% of reported group revenue for the 2004 financial year, which coincides with promoter's physical presence in the US. The company was called AllServe Systems Plc when it entered administration in November 2004 and liquidation was completed in 2010. DSQ Software is operationally dormant, as per the trading information submitted for the year 2005 at BSE. The public holding in DSQ Software was over 70% and it had an equity capital of over ₹300 million.

References

Sucheta Dalal :DSQ Software Saga

Text derived from https://en.wikipedia.org/w/index.php?oldid=1375902152 under CC BY-SA 4.0; modifications have been made.