Qimat Rai Gupta (also known as Q R Gupta and QRG) was an Indian

entrepreneur Entrepreneurship is the creation or extraction of economic value in ways that generally entail beyond the minimal amount of risk (assumed by a traditional business), and potentially involving values besides simply economic ones. An entreprene ...

founder Founder or Founders may refer to: Places *Founders Park, a stadium in South Carolina, formerly known as Carolina Stadium * Founders Park, a waterside park in Islamorada, Florida Arts, entertainment, and media * Founders (''Star Trek''), the ali ...

, former chairman and managing director of

Havells Havells India Limited is an Indian multinational electrical equipment company, based in Noida. The company manufactures home appliances, lighting for domestic, commercial and industrial applications, LED lighting, fans, modular switches and ...

, a global electrical company. Gupta was among the 100 richest Indians, and on

Forbes ''Forbes'' () is an American business magazine founded by B. C. Forbes in 1917. It has been owned by the Hong Kong–based investment group Integrated Whale Media Investments since 2014. Its chairman and editor-in-chief is Steve Forbes. The co ...

list of global billionaires.

Early life

Gupta was born in 1937 in Malerkotla,

Punjab, British India The Punjab Province, officially the Province of the Punjab, was a province of British India, with its capital in Lahore and summer capitals in Murree and Simla. At its greatest extent, it stretched from the Khyber Pass to Delhi; and from the ...

(Present-day

Punjab, India Punjab () is a States and union territories of India, state in northwestern India. Forming part of the larger Punjab, Punjab region of the Indian subcontinent, the state is bordered by the States and union territories of India, Indian states ...

) in a

Punjabi Hindu Punjabi Hindus are adherents of Hinduism who identify ethnically, linguistically, culturally, and genealogically as Punjabis and are natives of the Punjab region of the Indian subcontinent. Punjabi Hindus are the third-largest religious g ...

Family. In 1958, he quit his studies in Punjab and moved to

New Delhi New Delhi (; ) is the Capital city, capital of India and a part of the Delhi, National Capital Territory of Delhi (NCT). New Delhi is the seat of all three branches of the Government of India, hosting the Rashtrapati Bhavan, New Parliament ...

, where he started an electrical trading shop called Guptaji & Company in Bhagirath Place, an electrical wholesale market in Delhi, with a capital of .

Havells

In 1971, Gupta purchased existing company

brand name from Haveli Ram Gandhi for . , Havells is among the top five lighting brands in the world with market cap of above billion.

Healthcare

Gupta started QRG Central Hospital and multi-specialty healthcare facility QRG Health City in

Faridabad Faridabad () is the most populous List of cities in Haryana by population, city near NCT of Delhi in the Indian state of Haryana and a part of National Capital Region (India), Delhi National Capital Region. It is one of the major satellite citie ...

Awards

* EY Entrepreneur Of The Year Award 2013

Family

Qimat Gupta was married to Vinod and had two sons and one daughter. Only his second son

Anil Rai Gupta Anil Rai Gupta (born 20 April 1969) is an Indian businessman. He is the chair and managing director of Havells India. In October 2024, Vinod and Anil Rai Gupta and their families were ranked 27th on the Forbes list of India’s 100 richest tyco ...

is part of the business, and succeeded his father as Havells' Chairman. Gupta died at the age of 77 due to

cardiac arrest Cardiac arrest (also known as sudden cardiac arrest CA is when the heart suddenly and unexpectedly stops beating. When the heart stops beating, blood cannot properly Circulatory system, circulate around the body and the blood flow to the ...

on 7 November 2014.

References

{{DEFAULTSORT:Gupta, Qimat Rai Indian industrialists Businesspeople from New Delhi Indian billionaires 1937 births 2014 deaths Indian company founders 20th-century Indian businesspeople