DSQ software

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DSQ Software, established in 1992 and headquartered in Chennai formerly Madras, India was a publicly listed top performing software services and consulting company in the 1990's.

Company was well regarded internationally for its service offerings in Telecommunications, CAD and various other IT service areas. DSQ had a very impressive international clientele spanning US, Europe and Asia pacific and employed around 2000 people in the year 2000 and total revenue of $150m in the same year. Hewitt Associates, a leading US based HR Consultancy firm valued the human resources capital of DSQ at $1bn.

Dinesh Dalmia, Company's promoter and Managing director got entangled in a series of share market controversies in relation to various dubious acquisitions and partisan allotments made by DSQ in the year 2000 & 2001. From the year 2002, DSQ's market presence diminished when its lucrative operations and client service contract agreements were sold to a privately held company. Year 2003 saw DSQ's collapse and there was very minimal activity as the promoter was rumored to have disappeared from the scene in order to avoid legal proceedings.

Dalmia got arrested at Delhi, India in 2006 for various fraud charges and is currently serving jail sentence whilst enquiry is underway. It is believed that Dalmia was in the United States from 2003 to 2006 trying to establish presence in the BPO market by setting up businesses using proxy names and deals.

DSQ Software is operationally dormant as per the trading information submitted for the year 2005. As per BSE data, the public holding in DSQ Software is over 70% and equity capital of over Rupees 300 million.