Late Sh. Qimat Rai Gupta

Biography

 Late Sh. Qimat Rai Gupta was born into a lower middle class family in 1937, in the then undivided Punjab. He was brought up with the Indian ethos and the teachings of Bhagvad Gita which continued to have a great impact in his life and outlook. He was a staunch believer in simple living, hard work, honesty and integrity and ethical corporate governance, and upheld these standards for the seven decades of his life. Shri Gupta began his business career in 1958, from the electrical market at Bhagirath Palace, Delhi, where he was a small trader in electrical goods. At a time when most of the industry was happy with the trading model to earn more profits, he undertook the bold decision of investing his capital in creating world class manufacturing plants in India. He bought over a small electrical goods Company in 1971 and over time he transformed it into one of the largest electrical goods companies in the world with several leading global brands in its stable. He pioneered many trends in the FMEG industry and elevated Indian manufactured electric goods to global standards. Today, Havells is a US$ 1.4 billion Company and has over 6,500 employees, and 20,000+ trade partners. Our operations span 50 different countries, and we have fourteen manufacturing plants in India, along with 8 global manufacturing locations. This thriving, innovative, productive and entrepreneurial enterprise is part of his industrial legacy. In economic terms, he has translated the small investment in 1971 into a Company valued at US$1.4 billion, and overseen the rise of the Indian multinational with his global acquisition of Sylvania brand and business. He has partnered with his 20,000 strong network of dealers, distributors and retailers who have benefited by sharing the profits and the growth of Havells. He has helped these partners to take out health and insurance policies for their families and provided them access to critical capital through the Group's channel financing schemes. Everybody whose life he touched benefited from the association.

Research Interest

 power