Vijay is the revered executive director of the renowned QI Group of Companies. As one of the founders of the corporation, he has played a pivotal role in enhancing the growth of the same. Owing to his visionary leadership, QI Group has successfully invested in different industries, including direct selling and retail business, education, hospitality and financial services.
The company’s subsidiary, QNET, which was incorporated in 1998 by the Malaysian businessman, has succeeded in merging traditional selling methods with the e-commerce model. Read more: Dato Vijay Eswaran: From taxi driver to worth over $500 million dollars and Dato’ Sri Vijay Eswaran Speaks At World Economic Forum 2016
Dr. Eswaran contends that he envisioned a new company that would bring together the synergies of direct sales and global use of internet. While talking of how the company started, Vijay posited that they saw the need to merge the direct selling business model with the successful e-commerce platform.
He asserts that together with his partners, they deliberated endlessly about what products and services could give them a competitive edge in the market. To this end, they decided to channel their energies to a numismatic and precious metals model that was anchored on the thriving strategies used in the European market. It is here that they agreed to procure the rights to engage in marketing commemorative coins.
Eswaran says that because of coming late into the market, they had less time to compete effectively. Their competitors had already been in the market for two years.
Before the start of the Sydney 2000 Olympics, Vijay and his team shocked their competitors by being ranked among the top three distributors out of the 42 participants from different parts of the globe. Eswaran posits that these distributors failed to take into account the impact and success of web based sales and the human aspect of direct selling.
Before moving to back to Asia, Vijay had worked and studied abroad. He is an alumnus of the London School of Economics where he graduated with his degree in socio-economics.
He is also CIMA (Chartered Institute of Management Accountants) certified. In addition, Eswaran holds an MBA from the prestigious Southern Illinois University. The shrewd entrepreneur has rendered his services for leading corporations, including Cosway’s and IBM. Notably, Vijay partnered with his longtime friend, Joseph Bismark, to incorporate QI Group