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

Indian Indian or Indians may refer to: Peoples South Asia * Indian people, people of Indian nationality, or people who have an Indian ancestor ** Non-resident Indian, a citizen of India who has temporarily emigrated to another country * South Asia ...

entrepreneur Entrepreneurship is the creation or extraction of economic value. With this definition, entrepreneurship is viewed as change, generally entailing risk beyond what is normally encountered in starting a business, which may include other values th ...

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, India. It was founded by Late Sh. Haveli Ram Gandhi, later sold to Gupta who was his distributor. This company manufactures home appliances, lighti ...

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

Forbes ''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also re ...

list of global billionaires.

Early life

Gupta was born in 1937 in Malerkotla,

Punjab, British India Punjab was a province of British India. Most of the Punjab region was annexed by the East India Company in 2 April 1849, and declared a province of British Rule, it was one of the last areas of the Indian subcontinent to fall under British co ...

(Present-day

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

) in a

Punjabi Hindu Punjabi Hindus are adherents of Hinduism who identify linguistically, culturally, and genealogically as Punjabis. While Punjabi Hindus are mostly found in the Indian state of Punjab today, many have ancestry from the greater Punjab region ...

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

New Delhi New Delhi (, , ''Naī Dillī'') is the capital of India and a part of the National Capital Territory of Delhi (NCT). New Delhi is the seat of all three branches of the government of India, hosting the Rashtrapati Bhavan, Parliament House ...

, 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 city in the Indian state of Haryana and a part of Delhi National Capital Region. It is one of the major satellite cities around Delhi and is located 284 kilometres south of the state capital Chandigarh. The ri ...

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. Early life and education Gupta was born on 20 April 1969 in Delhi.

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 is when the heart suddenly and unexpectedly stops beating. It is a medical emergency that, without immediate medical intervention, will result in sudden cardiac death within minutes. Cardiopulmonary resuscitation (CPR) and possib ...

on 7 November 2014.

References

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