Vijay is the founder of the QI Group of companies. This multi-business conglomerate has active presence in different sectors of the economy, including hospitality, education, financial services, retail and direct selling.
In 1998, the Malaysian businessman established QNET, which is the flagship’s subsidiary. Today, this entity has opened offices in different parts of the globe.
When speaking about the idea behind QI, Dr. Eswaran said that he envisioned a company that would harness the power of direct selling through the internet. The company has managed to operate as a going concern because of their ability to merge direct selling with e-commerce platform.
Vijay Eswaran posited that they came up with a precious metals and numismatics model based on the emerging market strategies in Europe. In 1998, the company secured an opportunity to sell commemorative coins for the Sydney 2000 Olympics. Although they were late to enter the market, they managed to sell and compete in an effective manner.
By 2000, the corporation was among the top three distributors to have high sales volume around the world. According to QBuzz, Vijay Eswaran posits that their competitors did not comprehend their strategy, which was based on web sales and the aspect of direct selling.
Vijay remembers that when he started his entrepreneurial journey, he had no connection or funding. At the time, Asia’s economy was through a terrible crisis.
To this end, no one believed that he would succeed to open and run his business. Vijay was convinced that he would not spent his time making money for someone else. He contends that like-minded partners and his wife helped him to keep on believing in his dream.
The shrewd businessman asserts that success is interwoven with challenges. He manages to overcome any setbacks by embracing them. When motivating his employees, Vijay Eswaran emphasizes on service above self. As he was growing up, his father instilled in him this crucial lesson.
He posits that even though they run a global business, the soul of the company is equal to that of a small corporation that keeps on remembering its humble beginnings. Over the years, he has learnt that success is meant for the people who work in a company, but not the company.
Learn more about Vijay Eswaran: https://www.facebook.com/public/Vijay-Eswaran