Malaysian Millionaire Entrepreneur — Vijay Eswaran

Vijay Eswaran was named by Forbes magazine in 2013 as one of the 50 richest persons in Malaysia, with a net worth of $500 million. Mr. Eswaran founded QI Group in 1998. QI Group is a multinational business based out of Kuala Lumpur, Malaysia, with multilevel marketing networks extending into 20 countries. QI Group is an e-commerce based company, with business units involved in telecommunications, media, travel, wellness and luxury products.

Mr. Eswaran’s life story is an interesting one. He was born in 1960 in Penang, Malaysia. His father, Pushpavathy Chinnaiah, was a teacher and his mother, Vijayaratnam Saravanamuthu, was the founder of the Malaysian Hindu Youth Organisation. From an early age, Vijay was a self-made man. He financed his own secondary education in the United Kingdom by driving a cab. Vijay graduated from the London School of Economics in 1984. Following graduation, he traveled around Europe, financing his travels by working a number of odd jobs. As part of this ‘nomadic education,’ Vijay spent over a month in a Franciscan monastery, where he swore to and followed a 33-day vow of silence. This formed a lasting impression on Vijay, and became a core part of the book he wrote, “In the Sphere of Silence” (2005).

Mr. Eswaran returned to Britain in 1985, where he studied binary systems marketing. He obtained a professional certification in this field through the Chartered Institute of Management Accountants (CIMA). In 1986 Eswaran embarked on a trip to America to further his education. He earned a Master of Business Administration (MBA) degree from Southern Illinois University in 1986. During this time, Vijay continued to earn his own way, working part-time for Systematics, a subsidiary of IBM.

Returning to Malaysia some 13 years after leaving his homeland, Vijay Eswaran formed a contact with Conway Group and was tasked with starting their business presence in the Philippines. This was the catalyst that caused Mr. Eswaran to look seriously into establishing a multilevel marketing business plan of his own.

In 1998 Vijay Eswaran launched this idea of his, co-founding the multilevel marketing and e-commerce company QI Group. In 2017 Mr. Eswaran utilized Green Venture Capital, a subsidiary of QI Group, to begin development of QI City. The plan entailed building a MR (Malaysian Ringgit) 1.2 billion residential and commercial enterprise in Bandar Meru Raya, Ipoh, Perak, Malaysia. The grand opening of this unique venture is scheduled for 2020.

Leave a Reply