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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.Mr. Anil Rai Gupta has been the Executive Chairman and Managing Director of Havells India Ltd. since November 13, 2014. Mr. Gupta served as Joint Managing Director of Havells India Ltd. since 2006. He serves as an Executive Director of Havells India Ltd. since September 30, 1992. He serves as a Director of Janalakshmi Financial Services Limited. Mr. Gupta holds a B.A. in Economics and MBA in Marketing and Finance from Wake Forest University, North Calorina, USA [13][14]

References

  1. ^ "What's special about QRG Group's 70-year old Qimat Rai Gupta's daily meetings?". The Economic Times. Retrieved 4 March 2015.
  2. ^ "Qimat Rai Gupta - Richest Indian". Forbes. 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. 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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