Qimat Rai Gupta

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Qimat Rai Gupta (also known as Q R Gupta and QRG)[1] was an Indian entrepreneur, founder, former chairman and managing director of Havells, a global electrical company. Qimat was among the 100 richest Indians,[2] and on Forbes list of global billionaires.[3]

Early life

Qimat was born in 1937 in undivided Punjab (India before India-Pakistan partition).[4] In 1958 he quit his studies in Punjab and moved to New Delhi. Qimat started an electrical trading shop called Guptaji & Company in Bhagirath Place, an electrical wholesale market in Delhi with a capital of INR 10000.[5][6]

Havells

In 1971 Qimat purchased existing company Havells brand name from Haveli Ram Gandhi[7] for INR 700,000.[8] Today Havells is among the top five lighting brands of the world [9] with market cap of above $3 billion.[10]

Awards

  • 1. EY Entrepreneur of the year award 2013 [11]

Family

Qimat was married to Vinod and had two sons and one daughter. Only his second son Anil Rai Gupta is part of the business, and now managing as Chairman and Managing director.[12]

Qimat died at the age of 77 due to cardiac arrest on 7 November 2014.[13][14]

References

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