Qnet Company, formerly known as QI Limited, QuestNet, and GoldQuest, is a direct selling company owned by the QI Group. It sells a diverse range of life enhancing products via its website and through sales persons. The products include home care, fashion items, luxury accessories, personal care, weight management products, nutritional, energy items among others. Vijay Eswaran founded the firm in 1998. The firm employs various marketing strategies including multi-level marketing and direct selling model. It has a network of firm-based sales representatives in countries such as Taiwan, United Arab Emirates, Indonesia, Vietnam and Thailand. It also has a network of distributors in African countries such as Rwanda, Burundi, and Egypt.
QNET Plans to Shift Production to India
Speaking to the Indian express, the CEO of QNET Franchisee in India, Suresh Thimiri, said that shifting centralizing their hubs in India would increase their profits by 12%. Currently, the company has a series of production bases in different countries. According to the companies economists, India has natural resources in energy, if properly utilized would give the company a cost benefit of up to 10%. The company officials told the Indian Express that, the operation revenues of the firm had risen by 100% in the past one year, and the growth would double if production bases were centralized. In addition, the company has other bases in India producing watches and other fashion accessories, which are doing well.
QNET Calls for Direct-Selling Regulations
The government of India initiated a legal program to support direct selling of enterprises. Following the initiatives, QNET Limited called upon the government to develop a legal regulator to govern the businesses. According to Zaheer Merchant, the overall director of corporate affairs, said India has numerous misconceptions regarding the industry, which paves way for unethical business transactions under Money and Prize Chits Regulation Schemes. Formulation of the regulations will help set upclear-cut laws that will monitor the direct selling industry in India, which has been a leading large-scale provider of self-employments and contributes heavily to exchequer.
Merchant expressed great confidence and faith in the government and hoped that the latter would put into consideration the relevant legislation deployed by other countries in the world in order to achieve fair and just rules, which would ensure business interests are prioritized. On behalf of the QNET staff and officials, Mr. Merchant assured the government of its undivided support in making their plea a success.
Mentoring Talents in India
The company has initiated program that seeks to develop creative and innovate minds in India by encouraging them to come up with unique products. Any product that passes the company’s quality test, it shall be sold via the firm’s sale platform and all the royalties will go to the inventor.