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 ₹10000.[5][6]
Havells
In 1971, Gupta purchased existing company Havells brand name from Haveli Ram Gandhi[7] for ₹700000.[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.
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
- What's special about QRG Group's 70-year old Qimat Rai Gupta's daily meetings? The Economic Times, retrieved 4 March 2015^
- Qimat Rai Gupta - Richest Indian Forbes, retrieved 4 March 2015^
- Qimat Rai Gupta's Old-World Leadership Powers Havells