VIHAAN is among the leading Asia’s companies of direct selling providing considerable articles in various markets. Through their e-commerce stage, the company gives open doors without borders to ordinary people in over one hundred countries. The common plan of action of VIHAAN directselling India PVT Ltd authorizes ordinary persons from all sorts of various backgrounds to start their personal business with unrelated overhead. An aggregate objective powers the unfathomable vitality of the firm’s dissemination system in order to reach budgetary independency. One of the objectives of QNET is to provide instruction and apparatuses need by Independent Representatives for strengthening their understanding of the company’s plan of action and items. These representatives who are VIHAAN wholesalers have the opportunity to gain their financial independence and lifting the lifestyle of their groups and families with industrious devotion and work. VIHAAN direct selling India PVT Ltd understands that its most dominant resources are individuals. VIHAAN is the franchisee of QNET handling the firm’s operations in India. The shareholders of VIHANN fall either under the group of directors or their relatives. On September 2012, the company held an annual general meeting and the documents filed during the meeting revealed that Vanka Srinivas Rao and Guhan Ramachamdran are the directors of VIHAAN direct sellingIndia PVT Ltd. However, the same documents showed that the two personalities do not hold any stocks in the firm. This suggests that the stakeholders are their relatives holding 100% stake in the company. Previously, QNET conducted its operations in India through QUESTNET Enterprise India PVT Ltd. However, the company decided to give the license to VIHAAN for various reasons according to the official spokesperson of QNET India, Ajay Chanam. The spokesperson made it clear that VIHAAN direct selling India PVT Ltd and QUESTNET enterprise India PVT Ltd are not related. According to FY12, the newest balance sheet of VIHAAN, there is a net worth of Rs. 6.33 lakh. There are some reports revealing that the firm business is running in hundreds of crores. The complete liabilities of VIHAAN reach Rs. 16.98 lakh while its actual resources in the type of cash stand at Rs. 16.71 lakh. A source reveals that the firm has gathered so far Rs. 400 crore at least and enrolled around 30,000 investors. Most of the investors paid, as an upfront, Rs. 1.5 lakh at least. VIHAAN direct sellingIndia PVT Ltd revealed that it had around 68,000 Independent representatives but the amount of cash collected is not clear. This suggests that the firm did not do too much business so far. Since the Economic Offences Wing started investigating the company, QNET made a clear statement and said that it was not involved in illegal activities. So far, the company did not reveal the identity of the shareholders and did not talk about the current financials of VIHAAN. The current investigation and recent issues are affecting the company’s business and makes it hard to have an exact estimation of its assets.
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Vihaan Direct Selling India Private Ltd is a multi-level subsidiary of Qnet operating in India under the supervision of Suresh Thimiri, the CEO. The name of Qnet is a well known one throughout India and numerous people have been making purchases under this name that includes numerous products which comprise of luxury goods, household products and the daily routine oriented products. Qnet does not only operate in India, in fact it has its subsidiaries are spread all over the world in a number of countries, the headquarters being in Hong Kong. It is the fastest and the leading organization in the current times which has been working hard from the very onset and till date has been able to develop its roots in an impeccable way. Considering the success of the brand in Hong Kong itself the owners decided to conquer other markets too and with the passage of time their web became widespread. Before handing over the business to Vihaan Direct Selling India Private Ltd the Qnet Hong Kong was making the use of some other franchise, however later on Vihaan was being selected as a subsidiary and the based on the expertise of the four different directors of this franchise the business of the company touched the sky. The four directors of Vihaan Direct Selling are the perfect entrepreneurs who know well the entire market of India and with that they also know the demands prevail in the entire India. Keeping their business strategies in mind, they with their joint efforts developed the business of the Vihaan Direct Selling and started making a great business which was not only profitable for their own selves but also for the Qnet. The registered office of Vihaan Direct Selling is located in Bangalore and has its roots deep down. The business of the franchise is running profitably and has been able to generate a lot of revenue on a monthly basis which is then sent to Qnet and the remaining commission belongs to the directors. The success rate of Qnet itself runs based on the profits of the franchises selling the products of Qnet. The profit is being transmitted to Qnet headquarters and the pre-decided portion of the commission is being kept by the subsidiaries. It simply gives rise to the fact that in order to sustain the business in the market the Vihaan Direct Selling needs to sell as many products as possible and this will in return not only benefit the directors but also the Qnet Hong Kong. The future of the Vihaan Direct Selling is entirely dependent upon the commission level and keeping this in mind the directors have utilized their expertise and skills perfectly, they have targeted the right market in the right way and have earned several customers making the most of the products. The entire business of the Vihaan Direct Selling India Private Ltd is a complete picture of the way franchises work; they follow a disciplined procedure and make the success rate of the Franchisee even an unexpected one. QNET ’s business came from Hong Kong but the name of the association and the grand along with the request of its goods is being extent around the world. Various countries include of various licenses of this marque functioning in the respective country. However, the request of QNET’s products is also prevalent among the Indians with many of them using QNET’s products on a constant basis. Vihaan Direct Selling Pvt Ltd stands as a franchise when it comes to the look of QNET’s products. In 2011, QNET India integrated the Vihann Direct Selling and it is a non-governmental, private organization running its goods all over India. This firm is based in Karnataka and paid a capital of Rs. 1000000 with a great success in the whole India. People based in India prefer buying QNET’s products from the appropriate place and this place is called Vihaan Direct Selling Pvt Ltd that is the leader in each aspect. Four various directors run the company and these directors are able to manage their clients in the appropriate way. In addition, their strategies of business have been advantageous for the success of the firm. In the past some other franchise operated QNET’s business in India but with time, numerous issues moved the QNET to design Vihaan Direct Selling Pvt Ltd for running its business. Since then, the company fulfilled its duty successfully. The results showed through Vihaan forth sales are impressive as a large amount of benefits produce a lot of profit as well. The success of the firm depends entirely upon its directors as they made too much effort to run the company. These directors look as if they were born entrepreneurs who know very well the various approaches as mandatory to the success of the business in the long term. With these strategies in their mind, they boosted the business with a high rate of success. Vihaan Direct selling Pvt Ltd is among the leading organization of direct selling in Asia, providing considerable articles in various markets. Through its commerce stage online, the company offers open doors without borders to common persons in over 100 countries. The ordinary plan of action allows regular individuals from all sorts of various backgrounds to start their personal business with unrelated overhead. An aggregate objective powers the unfathomable vitality of QNET’s dissemination system in order to reach financial freedom. QNET is devoted to provide its Independent Representative the instruction and apparatuses they need for strengthening their understanding of the company’s plan of action and items. QNET is shrouded now in controversy because the claims above are too pictured to be real. The questionable administrator of the multilevel marketing based in Hong Kong, the instance of QNET, is taking various stoops constantly. Yet, this instance will amaze its numerous passionate wholesalers and endorsers also. Recently, Suresh Thimiri, the CEO of Vihaan India denied any link with the franchise or any of its representatives. This is according to an application filed by Mr. Thimiri on August 2013. |