 | This article may contain an excessive number of citations. (November 2021) |
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| Company type | Wholly owned subsidiary |
|---|---|
| Industry | Multi-level marketing |
| Founded | 1998 |
| Founder | Vijay Eswaran |
| Headquarters | Hong Kong |
Key people | Malou Caluza (CEO) |
| Products | Consumer Goods, Watches, Health Devices |
| Services | Travel, life style, Education |
Number of employees | 1,500[1] (2017) |
| Parent | Qi Group |
| Website | www |
Qnet Ltd, formerly known as QuestNet and GoldQuest, is a Hong Kong–based multi-level marketing (MLM) company owned by the QI Group.[2] QNet was founded in 1998 by Vijay Eswaran and Joseph Bismark. The company's products include energy, weight management, nutrition, personal care, home care and fashion accessories on an e-commerce platform.[3]
The company operates legally in some countries, but has been charged as a Ponzi scheme and multi-level marketing in countries like India.[4][5][6] The government of India and the Telecom Regulatory Authority of India banned the site in the country after a protest spread in Bangalore.[7][8][9]
- ^ "Overview". QI Group. Archived from the original on 6 April 2019. Retrieved 10 October 2017.
- ^ Augustine, Babu Das (2 April 2015). "Qi Group to expand its Middle East network". Khaleej Times. Retrieved 18 April 2022.
- ^ "All Products". QNet. Archived from the original on 31 December 2021. Retrieved 17 December 2015.
- ^ Dalal, Sucheta (9 May 2016). "QNet: "Its a chain where a person is fooled and then he is trained to fool others to earn money" says Bombay HC order". Moneylife india. Archived from the original on 12 June 2018. Retrieved 25 October 2017.
- ^ "QNet case: Bombay HC rejects bail of Micheal Ferreira, 4 others". Indian Express. The Indian Express. 8 May 2016. Archived from the original on 8 November 2020. Retrieved 25 October 2017.
- ^ "PUBLIC INTEREST DISCLOSURE" (PDF). Security and Exchange Board of India. 23 December 2016. Archived (PDF) from the original on 19 July 2021. Retrieved 25 December 2017.
- ^ "QNet investors demand action against multi-level marketing firm". The Times of India. Times of India. Archived from the original on 7 May 2019. Retrieved 31 July 2018.
- ^ "Involvement in Rs425 crore multi-level marketing scam causes QNET websites to be blocked". dna. Zee News, DNA. 23 May 2014. Archived from the original on 27 October 2020. Retrieved 31 July 2018.
- ^ "QNetIndia.in and Qnet's other websites blocked on court order". www.moneylife.in. Money Life. 23 May 2014. Archived from the original on 11 May 2021. Retrieved 22 August 2018.