For the last one week, the little known survey-driven company is hogging limelight thanks to Star News investigative journalism targeted on this so-called survey-driven MLM company whose only intention is to make money and disappear in the darkness of midnight. Though the company was begun in 2006 according to their ACRA certificate issued by the Government of Singapore, they started becoming big in the last couple of months thanks to a spurt in their online membership by virtue of a very smart advertising campaign done in the middle of IPL Season IV where they projected themselves as a company designed to bring all the Indian families on the path of happiness.
But, the leading news media Star News suddenly came up with something that really spoiled the party of the Proud Speak Asians. They started investigating the modus operandi of the company and came up with such startling facts that put even the government agencies like RBI, SEBI, Ministry of Corporate Affairs on great alert to tighten their grip on the website portal which is supposedly earning around Rs. 15 crores per day in pure profit (astounding figures!!!) which might even give a reason to the online giants like Google and Facebook to blink their eyes.
A membership of Rs. 11,000 and still around 35,000 new membership per day that by no means is a small feet to achieve, but Speak Asia has been doing this continuously for the last couple of months and that too without any great corporate team. One must appreciate the brain behind this website (though no one for sure knows the real person behind this). One Mr. Manoj Kumar has done some press conferences projecting himself as the CEO of Speak Asia, but we are not still sure if he is the one behind all this great online tamasha.
In fact, the company has targeted solely the Indian customers through some franchisee network to sell their membership, they have smartly kept themselves out completely from Indian legal purview by setting up a small 2-room office in Singapore with 4-5 employees doing desk work who really have no authority about the modus operandi of Speak Asia. So, no one even knows where all these crores of rupees is being stacked up.
I think it's high time the proud Speak Asians come up and try to take the dust off this strange website so at least one should know who is the one person who is getting all those crores of rupees.
© 2011 Ranjan Kumar
But, the leading news media Star News suddenly came up with something that really spoiled the party of the Proud Speak Asians. They started investigating the modus operandi of the company and came up with such startling facts that put even the government agencies like RBI, SEBI, Ministry of Corporate Affairs on great alert to tighten their grip on the website portal which is supposedly earning around Rs. 15 crores per day in pure profit (astounding figures!!!) which might even give a reason to the online giants like Google and Facebook to blink their eyes.
A membership of Rs. 11,000 and still around 35,000 new membership per day that by no means is a small feet to achieve, but Speak Asia has been doing this continuously for the last couple of months and that too without any great corporate team. One must appreciate the brain behind this website (though no one for sure knows the real person behind this). One Mr. Manoj Kumar has done some press conferences projecting himself as the CEO of Speak Asia, but we are not still sure if he is the one behind all this great online tamasha.
In fact, the company has targeted solely the Indian customers through some franchisee network to sell their membership, they have smartly kept themselves out completely from Indian legal purview by setting up a small 2-room office in Singapore with 4-5 employees doing desk work who really have no authority about the modus operandi of Speak Asia. So, no one even knows where all these crores of rupees is being stacked up.
I think it's high time the proud Speak Asians come up and try to take the dust off this strange website so at least one should know who is the one person who is getting all those crores of rupees.
© 2011 Ranjan Kumar
