User:Theearthisbluelikeanorange/sandbox

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Vijay Eswaran
Horasis Asia Meeting 2016, Bangkok, 26-27 November
Born (1960-10-07) 7 October 1960 (age 63)
Penang, Malaysia
Nationality (legal)Malay
Alma materLondon School of Economics
Southern Illinois University
OccupationExecutive Chairman of QI Group
SpouseUmayal Eswaran
Parent(s)Vijayaratnam Eswaran
Pushpavathy Chinnaiah
WebsiteVijay Eswaran

Vijay Eswaran is a Malaysian businessman, co-founder and Executive Chairman of the NASDAQ publicly traded company QI Group.[2]

Early life[edit]

Vijay Eswaran was born in Penang, Malaysia, in a modest, well-educated family of Indian origin.

He did his higher education in accounting and management in London, UK, which he funded through working as a taxi driver. [3]

After graduating with a degree in socio-economics in LSE (London School of Economics) in 1984, he bummed around Europe for a year, where he did a series of jobs inlcuding working in a construction site in Belgium and plucking grapes in France. [4] It was in the UK that he was introduced to binary system marketing, 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.[5] At this time he was involved in multilevel marketing (MLM) on a part-time basis while working for Synaptics in the U.S.

He then spent several years working as an information systems engineer for various companies in North America and South-East Asia, including IBM. [3]

It wasn't until his return to Malaysia - 13 years after leaving it - where he was approached by the Cosway Group to start its Philippines business, that he began looking at MLM more seriously. [6]

QI group[edit]

In 1998, after his return to Asia, he co-founded[7][8] a multilevel marketing company that grew and expand into QI Group[9], an e-commerce based conglomerate with businesses in travel, media, telecommunications, luxury products, wellness, training, and corporate investments.[10] 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.[11] Green Venture Capital, a subsidiary of QI Group is currently constructing Qi City, a RM 1.2 billion commercial and residential development, in Bandar Meru Raya.[12][13]

Speaker[edit]

Eswaran has spoken at management and business forums including the sixth Pravasi Bharatiya Divas in India,[14] and the World Economic Forum.[15][16]

Author[edit]

No. Title Author Publisher Date
1In the Sphere of SilenceVijay EswaranRYTHM House Publishing2005
In the Sphere of Silence explains Vijay Eswaran personal life management philosophy and his habit of starting each day with an hour of silence.[17][18]
2In the Thinking ZoneVijay EswaranRYTHM House Publishing2008
A collection of thoughts and reflections on life
318 Stepping StonesVijay EswaranRYTHM House Publishing2010
18 steps method for personal development
4Two Minutes From The AbyssVijay EswaranRYTHM House Publishing2016
Stories, humor, Vijay Esawaran's personal insights and tips

A collection of his photography On the Wings of Thought was published in 2011 by RYTHM House Publishing.

Philanthropy[edit]

Founded in 2004 as a corporate social responsibility branch of the QI group, RYTHM Foundation aims to promote and helps sustainable development of communities in need. [19]

Founded in 2006 the Vijayaratnam Foundation, named after Eswaran's late father, is the Malaysian branch of the RYTHM Foundation.[20]

Through these foundations Eswaran has initiated community programs, such as mentorship,[21] and has also made donations to individuals and charities.[22]

Awards and accolades[edit]

  • In November 2011 Eswaran was given the Lifetime Regional Philanthropy award by former Malaysian Prime Minister Abdullah Ahmad Badawi during the third World Chinese Economic Summit held in Kuala Lumpur.[23]
  • 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.[24][25]
  • In February 2013, Eswaran was named in Forbes Asia's Malaysia's 50 Richest at Number 25.[2]
  • In November 2013, Eswaran was named CEO of the Year 2013 at the Malaysia Business Awards organised by the Asean Business Advisory Council Malaysia.[26]

Controversies[edit]

Further information: Qnet Controversies

Jakarta[edit]

In 2007, a case was brought against Eswaran by two former associates over the repayment of a 1997 loan. Although the accusers later admitted to receiving over $750,000 in dividends in the years following the loan[27], the case was escalated by a Filipino court.[28] Following the posting of an Interpol notice[29], Eswaran was detained in Indonesia. After two months under house arrest in Jakarta, Eswaran was cleared by an Indonesian court of all wrongdoing. Both Interpol and the Filipino court dismissed the charges soon after.[30][31][32]

Chennai[edit]

In 2008, in a case filed in Chennai, India, Eswaran entered a dispute with former company investors, who were seeking damages after accruing losses. The case was taken to the Indian Supreme Court[33], which decided to quash the proceedings[34][35], ruling that Eswaran was not responsible for any investor losses.

India[edit]

In 2013, Eswaran was named in an ongoing investigation by the Economic Offences wing of the Indian Government in relation to the operations of QNet.[36][37][38] A ruling on this investigation by the Indian Supreme Court is due in January 2018.

Personal life[edit]

He is married to Umayal Eswaran who is the Chairperson of the Vijayaratnam Foundation.[39]

References[edit]

  1. ^ "Vijay Eswaran". Forbes.com. Retrieved 18 January 2018.
  2. ^ a b "Vijay Eswaran Forbes Profile". Forbes Asia. Retrieved 17 January 2018.
  3. ^ a b "Biography | Vijay Eswaran's Digital Home". www.vijayeswaran.com. Retrieved 21 January 2018.
  4. ^ "Breaking the Silence - Business Today (Cover Story)". Issuu. Retrieved 21 January 2018.
  5. ^ "Vijay Eswaran: Home page". Vijay Eswaran. Retrieved 27 March 2010.
  6. ^ Vincent, Anne (October 2009). "Datuk Vijay Eswaran sets the record straight". Business Today. Vol. 9, no. 10. Malaysia. pp. 22–26. Retrieved 17 January 2018.
  7. ^ Thomas, Aby Sam (20 March 2015). "Five Minutes With Dr. Vijay Eswaran, Executive Chairman, QI Group of Companies". Entrepreneur. Retrieved 21 January 2018.
  8. ^ "Executive Chairman of QI Group Vijay Eswaran Talks Business and Philanthropy – Interview.net". interview.net. Retrieved 21 January 2018.
  9. ^ Frazier, Donald. "Selling A Better Life". Forbes. Retrieved 21 January 2018.
  10. ^ Chewarouengroj, Sarayuth (3 April 2007). "Hong Kong's QI Group builds on Thai "destination" plans". Hong Kong Trade Development Council. Archived from the original on 27 January 2013. Retrieved 17 January 2018.
  11. ^ "BERNAMA - Qi Group's Sales Value To Surpass US$1 Billion By Year-End". 10 September 2010. Archived from the original on 19 August 2012. Retrieved 17 January 2018.
  12. ^ "Work starts on RM1.2 billion Qi City". www.thesundaily.my. 2 February 2017. Retrieved 17 January 2018.
  13. ^ "Qi City to be completed in two years - Business News | The Star Online". www.thestar.com.my. 9 September 2016. Retrieved 17 January 2018.
  14. ^ "India poised to become education hub, says Sibal". The Hindu. Chennai, India. 9 January 2008. Retrieved 27 March 2010.
  15. ^ "WEF Contributor Profile". World Economic Forum. Retrieved 15 April 2013.
  16. ^ Lutfia, Ismira (17 June 2011). "Asian Netizens Are Changing The Face of Social Movements". Jakarta Globe. Retrieved 17 January 2018.
  17. ^ Jones, Del (19 November 2007). "Advice from the Top: CEO succeeds through silence". USA Today. Retrieved 17 January 2018.
  18. ^ Maidment, Paul (22 March 2007). "Book Review: The Sound Of Silence". Forbes. Retrieved 27 March 2010.
  19. ^ "RYTHM Foundation supports Bihar flood rehabilitation projects". UNICEF India. 18 February 2009. Retrieved 17 January 2018.
  20. ^ "Vijayaratnam Foundation: Our Story". Vijayaratnam Foundation. Retrieved 17 January 2018.
  21. ^ "Boosting child development". The Star Online. 3 November 2012. Retrieved 17 January 2018.
  22. ^ "Cheer for children with cancer". The Star Online. 20 October 2009. Retrieved 17 January 2018.
  23. ^ "Vijay Eswaran takes home a Lifetime Regional Philanthropy Award | FT Online". www.ft.lk. 11 November 2011. Retrieved 17 January 2018.
  24. ^ Mehta, Manik (23 September 2012). "Vijay Eswaran Gets Award From Indian Diaspora In New York". The Malaysian Times. Retrieved 17 January 2018.
  25. ^ Mehta, Manik (1 November 2012). "Malaysia's Gandhian Entrepreneur". Gulf News. Retrieved 17 January 2018.
  26. ^ "QI's Vijay Eswaran named MBA 'CEO of the Year 2013'". www.thesundaily.my. 11 November 2013. Retrieved 17 January 2018.
  27. ^ "Vijay Eswaran cleared of all charges". Archived from the original on 14 August 2007.
  28. ^ "GoldQuest execs seek relief from Supreme Court". GMA News Online. Retrieved 17 January 2018.
  29. ^ "Report: Indonesian ex-president helps catch Malaysian businessman in fraud case". International Herald Tribune. 7 May 2007. Archived from the original on 12 May 2007. Retrieved 28 March 2010. (Sourced from the Wayback Machine.)
  30. ^ Frazier, Donald (24 October 2012). "Selling a better life". Forbes Asia. Retrieved 15 January 2013.
  31. ^ "News - Sunday Island". www.island.lk. Retrieved 17 January 2018.
  32. ^ "DoJ drops estafa case vs GoldQuest executives". GMA News Online. Retrieved 17 January 2018.
  33. ^ "Qnet Police final report Chargesheet in c c no 3876 2009 pending before Cmm Court Chennai". Scribd. Retrieved 17 January 2018.
  34. ^ "Criminal proceedings can be quashed if it's not a grievous offence: SC". The Times of India. 13 September 2014.
  35. ^ "GoldQuest welcomes SC order". The Economic Times. 24 April 2010. Retrieved 17 January 2018.
  36. ^ "EOW makes first arrest in QNet case - The Times of India". The Times Of India.
  37. ^ PTI (2 January 2014). "QNet scam: Lookout notices against Michael Ferreira, four others".
  38. ^ "Cops freeze 6 bank accounts of marketing firm - The Times of India". The Times Of India.
  39. ^ "Board of Governance – Vijayaratnam Foundation". www.vijayaratnam.org.my. Retrieved 17 January 2018.

External links[edit]



Category:Malaysian businesspeople Category:Malaysian philanthropists Category:Malaysian people of Sri Lankan Tamil descent Category:Malaysian people of Tamil descent Category:People from Penang Category:Living people Category:1960 births

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