Tuesday, 4 March 2014

Vijay Eswaran

Vijay Eswaran is a Malaysia businessman who born on 7 October 1960 in Penang. He is an author and also currently serving as the Executive Chairman of the QI Group which the company's headquarter in Hong Kong. 

He is the son to Pushpavathy Chinnaiah, a teacher and Vijayaratnam Saravanamuthu, who was with the Malaysian Ministry of Labour.During his childhood, his father Vijayaratnam work with the Labour Ministry and they had the family moving to different parts of Malaysia.

In 1984, Vijay Eswaran graduated with a socio-economic degree from the London School of Economics. After that he stayed on in Europe for a year and did several odd jobs which included working on a construction site in Belgium, plucking grapes in France and driving a cab in London. He was introduced to binary system marketing when he was in the UK, and that prompted him to obtain a professional qualification from CIMA in the UK, followed by an MBA from the Southern Illinois University in 1986. At this time he was involved in multilevel marketing (MLM) on a part-time basis while working for Synaptics in the U.S.. It wasn't until his return to Malaysia, he started to look at MLM more seriously where he was approached by the Cosway Group to start its Philippines business.
After he return to Asia in 1998, then he co-founded a multilevel marketing company that would eventually grow and expand into what is today the QI Group, an e-commerce based conglomerate with businesses in travel, media, telecommunications, luxury products, wellness, training, and corporate investments. The QI Group has regional offices in Hong Kong, Singapore, Thailand and Malaysia and a presence in nearly 10 countries through a wide range of subsidiary companies.

Vijay Eswaran has spoken at management and business forums such as the sixth Pravasi Bharatiya Divas in India, and the World Economic Forum.
His first book which published in 2007 called In the Sphere of Silence. It explains his personal life management philosophy and his habit of starting each day with an hour of silence. Eswaran has also developed an interactive program called the Thought of the Day, or TOD Program. He then published his second book in May 2008, In the Thinking Zone, a collection of thoughts and reflections on life. His third book, 18 Stepping Stones, was released in 2010. On the Wings of Thought, a collection of his photography, was launched in 2011.
Vijay Eswaran has also established the RYTHM Foundation, the corporate social responsibility arm of the QI group. Vijay Eswaran has established a charitable organization in Malaysia, the Vijayaratnam Foundation, which is named after his father. Through these foundations Vijay Eswaran has initiated community programs, such as mentorship, and has also made donations to individuals and charities.

In the July 2011 issue of Forbes Asia, he was named as one of 48 'Heroes of Philanthropy' in the region.
In February 2013, Vijay Eswaran was named in Forbes Asia's Malaysia's 50 Richest at Number 25. In 2012 Eswaran was given the New Global Indian (NGI) award for philanthropy and business excellence at the Global Indian Business Meet (GIBM) in New York.

The International Herald Tribune reported his arrest on an Interpol warrant in May 2007. The two main founders Vijay Eswaran, who was then Group Managing Director and Joseph ‘Japa’ Bismark, Founding Director involved in a dispute in Manila, Philippines which was escalated to an alleged ‘offence’ leading to an Interpol Red alert listing of four directors.  The case was fought out substantially in the courts of Manila and Jakarta. After three weeks, Indonesian courts released him; a Manila court dismissed the charge soon afterward.

In August 2013, a newspaper in India reported that Vijay Eswaran was being investigated by the Economic Offences wing in regards to Qnet, which he founded. Police have frozen six of Qnet's bank accounts in the country. In an interview about the charges, Vijay Eswaran has denied any wrongdoing, and dismissed the claims as being indicative of corruption and poor journalistic standards in India. Qnet has also stated that Vijay Eswaran is neither director, nor shareholder of Qnet's Indian franchise(Vihaan Direct Selling Pvt. Ltd.).

His wife Umayal Eswaran who is the Chairperson of the Vijayaratnam Foundation.




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