Vijay Eswaran is the current Executive Chairman of the QI Group. The Malaysian businessman, entrepreneur, and philanthropist is one of the most successful Asian businessmen. Forbes Asia estimated his wealth at $500 million but is uncertain since the company is yet to reveal Vijay Eswaran’s stake in the international company.
QNET is one of the companies operating under the QI Group. The company is listed as a member of the Direct Selling Association of Malaysia and operates across several countries, especially Asian nations including Indonesia, the Philippines, and Taiwan. It also has operations in India, Saudi Arabia, Egypt, and Côte d’Ivoire.
QI Group operates through representatives who link products to clients. Each representative receives compensation based on their sales and referrals volume, hence the growth of the business. The company sells several products such as jewelry, nutrition, energy products, and also has businesses in the hospitality industry.
In his younger years, Eswaran moved from Malaysia to the UK where he worked as a taxi driver to pay for his tertiary education. He graduated with a degree in socio-economics and traveled around Europe doing several odd jobs. A few years down the line, he pursued further training in binary system marketing and acquired certification from CIMA. Mr. Eswaran then topped up his education with an MBA from Southern Illinois University.
His education played a significant role in his role at Systematics, where he practiced -multi-level marketing on a part-time basis in the 1980s. However, it was not until 1998 that Vijay Eswaran considered the great potential multi-level marketing had. The Cosway group approached him, and from that point, Mr. Eswaran was on his path to international success.
Vijay Eswaran has since moved on from daily company operations to more legacy-based actions. He is a known philanthropist, author, and highly sought-after speaker. He oversees the operations of his foundations- RHYTHM and Vijayaratnam. The foundation is centered on the provision of education for disabled member so of society and in particular children. Thanks to his leadership and QI Group’s success, the Vijayaratnam foundation supports the operation of the TAARANA, a Malaysian institution that provides education for children with special needs. Charity truly begins at home.
Recent ventures include the QI City Project which is estimated at a cost $300 million a mixed development which is set to include residential, commercial, lifestyle, health, and educational facilities. At the heart of the project, is the Quest International University Perak, which has been set up in collaboration with the local government. Aside from creating an excellent living experience and completely satisfactory city, the project is also meant to invite numerous investments and add to the extensive QI Group portfolio.
Mr. Eswaran is also an ardent speaker, especially on conversations on entrepreneurship. He has participated in talks as high as the World Economic Forum and the ASEAN Leadership Forums, among others. For his unnumbered contributions to the community, Mr. Eswaran has received notable awards including the Lifetime Achievement Award and has been recognized in the Heroes of Philanthropy List by Forbes Asia.