Vijay Eswaran is undoubtedly one of the most recognizable names in Indian entrepreneurship today. He is the founder and chairman of QI Group. Eswaran was named in Forbes Asia’s “Forbes India’s 50 Richest People” list with a net worth of USD$3.3 billion (as on November 2022). He is the youngest person to be featured on that list.
Eswaran is the founder and CEO of QI Group, a diversified conglomerate interested in education, finance (QIFS), real estate, and technology. Following Eswaran’s vision of building a knowledge-based company, he established QI University in late 2013. This business school is ranked among the top 10 in Asia by The Economist, Financial Times, and Wall Street Journal.
QI group has also made significant investments in the AEC industry. It has invested a total of USD$1 billion in constructing a greenfield airport in Sri Lanka and is also one of the most significant stakeholders in IDFC Airports. Eswaran also has stakes in Vencorex, an industrial conglomerate interested in real estate and SEZs, and Gaurav Dua, a leading luxury furniture retailer.
The QI Group’s philosophy is to focus on 3 to 4 businesses at a time and spend the maximum amount of time focusing on them. Eswaran’s success is due to his team’s vision, hard work, dedication, and passion. Eswaran grew up knowing the value of hard work and the power of technology. His father, Eswaran Menon, was a successful entrepreneur in Malaysia and Singapore who utilized the latest technologies of his time.
Eswaran and his family have donated more than USD$50 million in support of various causes, including USD$20 million for the creation of ‘The Vijay Eswaran Medical and Research Center at the University of Singapore’s Yong Loo Lin School of Medicine. He is also a significant contributor to charity organizations, such as St. John Ambulance.
Vijay Eswaran believes that technological innovation will be the critical factor in the future of all industries and is investing heavily in technology. Eswaran and his business team believe in the power of technology and are doing their utmost to harness its potential.