1987
- The Comp. was incorporated as a Public Limited Comp. on 15th July, at Chennai [Tamilnadus] under the name `Ushta-te Biotech Industries Limited'.
- It was originally promoted by Tamilnadu Industrial Development Corporation Limited [TIDCOs] & M/s KND Engineering Technologies Limited [KNDETLs] in the joint sector. - The Comp. was set up to manufacture tapioca based Starch & value added products like High Fructose Syrup, Glucose Syrup, Dextrose Monohydrate, Dextrose Anhydrous, Starch Powder & Animal Feed.
- The Company manufacturing facilities are integrated to manufacture biotechnology products using Tapioca.
1994
- The name of Comp. was changed to the present one with effect from 4th November, & a fresh certificate of incorporation was obtained thereafter.
1995
- The Comp. has launched consumer products, through its Home Products Division', such as GLUCOSE `D' powder with brand name of `GLUCOSDIN' and PURE HONEY with brand name of `HONEY GOLD'.
- The Comp. offered 44,16,000 No. of equity shares on Rights basis in the ratio of one equity share for every two shares held as on 16th June, at a premium of Rs. 35/- per share.
1996
- Home Products Division of Comp. has entered into second year of operation & has launched 'GLUCOSE GOLD' premium Glucose Powder, 'GLUCO ORANGE' flavoured energy drink as well as Prickly Heat Powder with brand name 'MELLO TOUCH'.
1998
- The Company Home Products Division produces & markets Honey, Glucose Powders & Prickly Heat Powder.
- Pure Honey marketed by Comp. under the brand name `Honey Gold' is steadily gaining wide acceptance.
- The Comp. is introducing new flavours - Glucose Cola & Glucose Strawberry
- The Comp. had set up a branch in Abu Dhabi in January.
2000
- DSQ Biotech Ltd has drawn up a growth strategy which will involve the setting up of bio-informatic research centres in San Diego, US, Chennai and Bangalore.
- The Comp. is also setting up a plant to extract gluten from wheat in Cuddalore.
- Preferential offer of 1.5 crore equity shares of Rs. 10/- each at sun premium to FIIs/NRIs/OCBs/Pension Funds/private equity funds/MFs/Corporate funds/High Networth Individuals either individual or foreign and/or preferential basis from time to time in one or more tranches as may be deemed appropriate by Board.
- DSQ Biotech inaugurated its state-of-the-art bio-informatics training centre at Chennai.
- The Comp. is all set to demerge its business into two companies -- manufacturing & research-cum-services.
2002-2002-DSQ Biotech Ltd has informed BSE that Mr K Gopalakrishnan shall continue as Director & Mr M G Anant Kumar continues as Whole Time Director. Earlier the Comp. had informed BSE that Mr K Gopalakrishnan & Mr M G Anant Kumar have resigned as Managing Director & Whole Time Director respectively.