Vijay is the executive chairperson of QI Group of Companies. This multi-business conglomerate has ventured in different sectors, including financial services, hospitality, direct selling, education and retail business.
The Malaysian businessman established QNET, the flagship subsidiary of QI Group, in 1998. This corporation has succeeded in merging traditional selling methods with the advanced e-commerce model. Dr. Eswaran posits that he founded QNET with the objective of integrating people power of direct selling with the internet.
He asserts that together with his partner, they developed a precious metals and numismatic model based on the strategies used in the European market. To this end, they were able to secure the rights to trade commemorative coins for the 2000 Sydney Olympic.
Vijay recalls that they came into the market late considering that for the past two years, people were already selling these coins. This way, they had less time to engage in any competitive selling strategies. Read more: In the Sphere of Silence (English and Dutch Edition)
After being in operations for two years, the company was able to rank among the top three distributors with the highest sales volume in the globe. Vijay Eswaran asserts that their competitors had failed to factor in the impact of web-based sales with the human aspect of direct selling.
Vijay contends that when he was starting his entrepreneurial journey, his greatest challenges were lack of connections, family and funding. He says that people did not believe he would succeed with his venture, owing to the economic crisis in Asia. Vijay Eswaran posits that he was lucky to partner with like-minded people.
He always remembers the support that he got from his wife. The executive argues that success and challenges are interwoven. He manages to deal with challenges by embracing them.
Speaking about the future, Vijay Eswaran says that he plans to establish a QI City that will have new permanent campus, a park, a teaching hospital to support the company’s medical program, hostel block for students, shopping complex and residential block.
Considering the magnitude of the project, Vijay Eswaran posits that it will be complete in the next few years. He dreams of developing a pollution free green campus having an international student community, eco-friendly solar power and electric buggies for transport. Vijay asserts that these students will be part of the Harvard family of the East.
Learn more about Vijay Eswaran: https://hk.linkedin.com/in/eswaranvijay