ISQ was formed in December 1996 with Mr. V.P. Gokhale as the first Chairman with following members of Governing Council
Mr. Janak Mehta
Lt. Gen A.S. Bhullar (Retd.)
Mr. N. Ramanathan
Mr. Arvind Verma
Maj Gen. D. N. Kurana (Retd.)
Mr. Pradeep Lahane
Mr. Pran Nath
Mr. V.P. Gokhale
Foundation Member Organizations ISQ
BHEL
Oil and Natural Gas Corporation Limited
SAIL
Sona Group
SRF Ltd.
TATA Motors Limited, Bombay House
TQMI
Ucal Fuel Systems Ltd.