Dr. Vijay Eswaran is not only the current QI Group of Companies Executive Chairman but also the founder. This multi-million dollar investor is also a renowned international public speaker and author. The multi-business conglomerate has its widespread tentacles in many different sectors including retail, direct selling, hospitality, education and financial services.
His Business Interests
The Malaysian businessman established QNET, the group’s flagship subsidiary, in 1998. Today, the QI Group has its presence in over 30 countries globally with offices in different parts of the world, including in the UAE.
The giant business conglomerate has been very successful in merging traditional sales methods with the modern e-commerce model. According to Dr. Eswaran, his original vision was a new type of business that would easily merge the powerful people driven and direct sales approach with the new global reach made possible by the internet. Learn more about Vijay Eswaran: http://philanthropies.org/vijay-eswaran-2/
This is how the group merged the direct selling business model – which was already tried and tested – with the up-and-coming platform of e-commerce.
The QI Group
In its formative years, the QI Group partners had to grapple with the right choice of commodity that would make their business stand out. They finally came up with a numismatics as well as precious metals model basing it upon the flourishing European market policies.
In 1998, the group went ahead to purchase the rights to trade in the commemorative coins for the Asian Pacific Rim, in the Sydney 2000 Olympics. Read more: Dato’ Sri Vijay Eswaran Speaks At World Economic Forum 2016
The late entry into a market that was two years into sales already, made effective competition quite difficult due to time constraints. However, by the year 2000, the QI Group had managed to emerge among the top three—out of a total 42 distributors globally—in sales volume.
There is no doubt that the QI group, under the astute leadership of Dr. Vijay Eswaran, continues to grow in leaps and bounds. The group’s success can be attributed to the impact as well as penetration of the internet based sales coupled with the magical human touch through direct selling.
Vijay Eswaran admits that his greatest motivation is the big number of lives that the various services delivered by his giant business group have touched worldwide.