Qimat Rai Gupta

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. Gupta was among the 100 richest Indians,[2] and on Forbes list of global billionaires.[3]

Early life

Gupta was born in 1937 in Malerkotla, Punjab, British India (Present-day Punjab, India) in a Punjabi Hindu Family.[4] In 1958, he quit his studies in Punjab and moved to New Delhi, where he started an electrical trading shop called Guptaji & Company in Bhagirath Place, an electrical wholesale market in Delhi, with a capital of ₹10,000.[5][6]

Havells

In 1971, Gupta purchased existing company Havells brand name from Haveli Ram Gandhi[7] for ₹700,000.[8] As of 2015, Havells is among the top five lighting brands in the world [9] with market cap of above US$10 billion.[10]

Healthcare

Gupta started QRG Central Hospital and multi-specialty healthcare facility QRG Health City in Faridabad. [citation needed]

Awards

  • EY Entrepreneur Of The Year Award 2013 [11]

Family

Qimat Gupta was married to Vinod and had two sons and one daughter. Only his second son Anil Rai Gupta is part of the business, and succeeded his father as Havells' Chairman.[12] Gupta died at the age of 77 due to cardiac arrest on 7 November 2014.[13][14]

References

  1. ^ "What's special about QRG Group's 70-year old Qimat Rai Gupta's daily meetings?". The Economic Times. Archived from the original on 3 April 2015. Retrieved 4 March 2015.
  2. ^ "Qimat Rai Gupta - Richest Indian". Forbes. Archived from the original on 2 April 2015. Retrieved 4 March 2015.
  3. ^ "Qimat Rai Gupta's Old-World Leadership Powers Havells". Forbes. Retrieved 4 March 2015.
  4. ^ "He discontinued his education, today owns $1 billion company: Havells CMD Qimat Rai Gupta". Daily Bhaskar. Retrieved 4 March 2015.
  5. ^ "Lunch with Qimat Rai Gupta Chairman Havells Group". Business Standard. Retrieved 4 March 2015.
  6. ^ "The unsung billionaire: Qimat Rai Gupta". Calgary Indians. Retrieved 4 March 2015.
  7. ^ "The extraordinary story of an unsung billionaire". Business Standard. Retrieved 4 March 2015.
  8. ^ "The Unsung Billionaire". Business Standard. Retrieved 4 March 2015.
  9. ^ "Indian Fan Maker Enters Billionaire Ranks". Forbes. Retrieved 4 March 2015.
  10. ^ "Havells's Qimat Rai Gupta becomes billionaire as stock rises to record". Live Mint. Retrieved 4 March 2015.
  11. ^ "Entrepreneur of the Year Qimat Rai Gupta". EY. Archived from the original on 2 April 2015. Retrieved 4 March 2015.
  12. ^ "Change Of Guard At Havells - India's Leading Electrical Goods Company". Forbes. Retrieved 4 March 2015.
  13. ^ "Qimat Rai Gupta, India's Leading Fan Maker, Dies". Forbes. Retrieved 4 March 2015.
  14. ^ "Havells India Chairman Qimat Rai Gupta Dies at 77". NDTV. Retrieved 4 March 2015.

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