Qimat Rai Gupta
Qimat Rai Gupta | |
|---|---|
| Born | 1937 Malerkotla, Punjab, India |
| Died | 2014-11-07 |
| Occupation | Businessman |
| Known for | Founder and former chairman and managing director of Havells |
| Notable work | Founder of Havells, QRG Central Hospital, QRG Health City |
Qimat Rai Gupta—also referred to as Q R Gupta or QRG—was a prominent Indian businessman, recognized as the founder and former chairman and managing director of Havells, a leading international electrical enterprise. He was listed among the top 100 wealthiest Indians and featured on the Forbes global billionaires ranking.
Early life
Gupta was born in 1937 in Malerkotla, Punjab, into a Punjabi Hindu household. In 1958, he discontinued his education in Punjab and relocated to New Delhi, where he initiated an electrical trading venture named Guptaji & Company at Bhagirath Place, a significant hub for electrical wholesalers, with an initial investment of .
Havells
In 1971, Gupta purchased the Havells brand from Haveli Ram Gandhi for . Today, Havells is recognized as one of the leading five lighting brands worldwide, boasting a market valuation surpassing billion.
Healthcare
Gupta was instrumental in founding QRG Central Hospital along with the multi-specialty healthcare complex, QRG Health City, located in Faridabad.
Awards
- EY Entrepreneur Of The Year Award 2013
Family
Married to Vinod, Qimat Gupta had two sons and a daughter. His younger son, Anil Rai Gupta, took over as Chairman of Havells following his tenure. Gupta died at the age of 77 from cardiac arrest on 7 November 2014.