Developing A Multi-Million Business Model: Vijay Eswaran Divulges His Secrets
Running a business is a very difficult task but starting a small business and turning it into a multi-dollar company is harder. Vijay Eswaran, executive chairman and founder of the QI Group of companies says that success is always accompanied by challenges.
That one should know they are progressing as long as they tackle new challenges. His business has received a lot of challenges and especially slander from competitors but Vijay Eswaran continues to thrive despite this. One of the key drivers is putting service above self, no matter how many millions the company earns he reminds his employees of their humble beginnings.
QI’s first and biggest subsidiary was started in 1998. Over the years, the company has seen impeccable growth leading to its extension into the UAE region. The company is now worth more than $500 million and is an internationally recognized company. Vijay Eswaran attributes the success of the business to the employees working in the company who are its greatest assets. The company incorporates the traditional methods of marketing with e-commerce.
They specialise in other activities such as education, direct selling, financial services, retail and hospitality. It has already established a university which is temporarily situated at Ipoh city. The company has a commitment to build an IQ city in Malaysia.
The city will incorporate the permanent structure for the university, the hostel blocks, a hospital facility to support their medical program, shopping centre, a park and a residential block. Most importantly, they hope that the city will be green and as environmental friendly as possible.
The Asian business man was one of the many people to attend the world economic forum meeting held in Switzerland to discuss the way forward for the business growth in the Asia. They discussed the fourth industrial revolution a step that Eswaran admits will be achieved better by building mindful organizations.
In addition to being a good business man, he is a best-selling author, a motivational speaker and an all-time philanthropist. Vijay Eswaran’s works of charity have given him international recognition. Forbes Asia listed him among their philanthropic heroes in 2011. He has also been a recipient to the life time achievement awards in regional philanthropy.