Qnet was founded in 1998 in Hong Kong by Malaysian businessman Vijay Eswaran.
Though born and brought up in Malaysia, Eswaran undertook his higher education in the United Kingdom where he learned how multi level marketing schemes work.
He subsequently worked in the Philippines in a multi level marketing company.

The company was first known as GoldQuest and then QuestNet.
It made custom-commissioned commemorative coins and later began selling jewellery and watches.
In 1999, Qnet expanded its operations to Malaysia and Singapore and began a partnership with B.H. Mayer's Mint, a German-based mint coin facility.

In 2000, Qnet was the official distributor of the Sydney Olympic Games commemorative coins and was also a distributor at the 2004 Athens Olympic Games and 2008 Beijing Olympic Games.

The company expanded its operations to Dubai, India, Indonesia and Thailand in 2001.
Qnet started to diversify its products in 2002 into travel and vacations by partnering with QVI Club brand holidays.
During this time, the company also announced that it was the official coin distributor for the 2002 FIFA World Cup and an expansion into Europe, Australia and Sri Lanka.

In 2005, Qnet acquired QI Comm, a British telecommunications company.
The company announced that it had more than 1 million independent distributors during the introduction of aspIRe Magazine.
In 2006, Qnet began marketing energy, health and nutritional products.
That same year, Qnet acquired Prana Resorts and Spa, a vegetarian holiday resort in Koh Samui.
Qnet also acquired the Swiss watchmaker, Cimier.
In 2007, the QI Group acquired Down To Earth (DTE), a vegetarian organic health store chain in Hawaii.

The company announced its sponsorship of Team Meritus, a Malaysian motor racing team, and became a sponsor for the Commonwealth Heads Of Government Meeting Business Forum in 2007.
From 2007 and 2012, Qnet's direct sales increased by 70%.

From 2009 to 2012, Qnet was an official sponsor of the Asian Football Confederation during the AFC Champions League.
In 2010, the company partnered with Virgin Racing.
Qnet received the TRUSTe Privacy Certification in late 2012.
In 2013, Qnet announced its intention to shift its manufacturing operations to India and to open an office in Russia.
The company's QI Tower in Malaysia received the 2013 Building and Construction Authority (BCA) Green Mark Gold Award.
In 2014, Qnet started a three-year partnership with Manchester City football club to become the club's official direct selling partner.

Qnet changed its name repeatedly and launched at least 76 companies (as per the Bombay High court order of May 2016), often to sell lesser known products manufactured by smaller companies using a multi-level marketing/direct sales model.
Common people (IR in Qnet parlance) were taught to sell these products (often through workshops).
Sellers earned commissions for each new seller / buyer brought into the fold.

Since it opened in 1998, Qnet (Questnet at the time) promoted gold and silver coins.
The coin collection business was outlawed in some countries.
Though registered in Hong Kong, the company has never operated there or in China.
Its majority customer base remains in India and a few African countries.
A few years later Questnet changed its name to Qnet and offered additional products via the MLM system.
It promotes its products using claims "that would not pass official muster in much of the world."
Despite claiming to be an e-commerce based business, an ordinary retail customer can purchase a product only if they have a referrer ID of an independent Qnet representative.
Qnet used websites such as www.Qnetindia.in, www.Qnetindia.net, www.Qnet.net and www.questnet.net to conduct its business.
These were blocked by Indian Computer emergency response team (CERT) following a court order.
Other websites like portal.Qnetindia.net, are under investigation.

Despite complaints, the company continues to operate in countries including India, and sells its products using a multi-level marketing model, whereby independent representatives refer the products t
Qnet was founded in 1998 in Hong Kong by Malaysian businessman Vijay Eswaran. Though born and brought up in Malaysia, Eswaran undertook his higher education in the United Kingdom where he learned how multi level marketing schemes work. He subsequently worked in the Philippines in a multi level marketing company.
The company was first known as GoldQuest and then QuestNet. It made custom-commissioned commemorative coins and later began selling jewellery and watches. In 1999, Qnet expanded its operations to Malaysia and Singapore and began a partnership with B.H. Mayer's Mint, a German-based mint coin facility.
In 2000, Qnet was the official distributor of the Sydney Olympic Games commemorative coins and was also a distributor at the 2004 Athens Olympic Games and 2008 Beijing Olympic Games.
The company expanded its operations to Dubai, India, Indonesia and Thailand in 2001. Qnet started to diversify its products in 2002 into travel and vacations by partnering with QVI Club brand holidays. During this time, the company also announced that it was the official coin distributor for the 2002 FIFA World Cup and an expansion into Europe, Australia and Sri Lanka.
In 2005, Qnet acquired QI Comm, a British telecommunications company. The company announced that it had more than 1 million independent distributors during the introduction of aspIRe Magazine. In 2006, Qnet began marketing energy, health and nutritional products. That same year, Qnet acquired Prana Resorts and Spa, a vegetarian holiday resort in Koh Samui. Qnet also acquired the Swiss watchmaker, Cimier. In 2007, the QI Group acquired Down To Earth (DTE), a vegetarian organic health store chain in Hawaii.
The company announced its sponsorship of Team Meritus, a Malaysian motor racing team, and became a sponsor for the Commonwealth Heads Of Government Meeting Business Forum in 2007. From 2007 and 2012, Qnet's direct sales increased by 70%.
From 2009 to 2012, Qnet was an official sponsor of the Asian Football Confederation during the AFC Champions League. In 2010, the company partnered with Virgin Racing. Qnet received the TRUSTe Privacy Certification in late 2012. In 2013, Qnet announced its intention to shift its manufacturing operations to India and to open an office in Russia. The company's QI Tower in Malaysia received the 2013 Building and Construction Authority (BCA) Green Mark Gold Award. In 2014, Qnet started a three-year partnership with Manchester City football club to become the club's official direct selling partner.
Qnet changed its name repeatedly and launched at least 76 companies (as per the Bombay High court order of May 2016), often to sell lesser known products manufactured by smaller companies using a multi-level marketing/direct sales model. Common people (IR in Qnet parlance) were taught to sell these products (often through workshops). Sellers earned commissions for each new seller / buyer brought into the fold.
Since it opened in 1998, Qnet (Questnet at the time) promoted gold and silver coins. The coin collection business was outlawed in some countries. Though registered in Hong Kong, the company has never operated there or in China. Its majority customer base remains in India and a few African countries. A few years later Questnet changed its name to Qnet and offered additional products via the MLM system. It promotes its products using claims "that would not pass official muster in much of the world." Despite claiming to be an e-commerce based business, an ordinary retail customer can purchase a product only if they have a referrer ID of an independent Qnet representative. Qnet used websites such as www.Qnetindia.in, www.Qnetindia.net, www.Qnet.net and www.questnet.net to conduct its business. These were blocked by Indian Computer emergency response team (CERT) following a court order. Other websites like portal.Qnetindia.net, are under investigation.
Despite complaints, the company continues to operate in countries including India, and sells its products using a multi-level marketing model, whereby independent representatives refer the products t
Qnet