Qimat Rai Gupta dropped out of school and started his career in 1958 with Rs. 10,000 capital by founding Gupta Ji and co, which he later renamed Haveli Ram Gandhi in 1971. In 1971, he purchased the Havells brand name for Rs. 7 lakhs. Over the decades, he expanded Havells India into a multinational company with manufacturing plants in India and operations in over 50 countries. As of 2022, Havells has a presence in 5 countries with 23 branches in India, 6,500 employees worldwide, and 11 manufacturing plants in India. The company has grown to become a billion dollar company under Gupta's leadership as an unsung billionaire.
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The Extraordinary story of an unsung Billionaire - Qimat Rai Gupta
3. EARLY LIFE
Born in1937
At Malerkotla
School Drop out
Started selling oil in various
near by villages
Aimed something BIG
4. CAREER
In 1958 with the initial capital of
Rs:10,000
Gupta Ji and co,
In 1971 - Haveli Ram Gandhi
He Purchased only the Brand called
HAVELLS for Rs: 7 Lakhs
5. FAMILY
Married to
Vinod Rai Gupta
Two sons and one
daughter.
Only his second son
Anil Rai the youngest
of three sibling is
part of the business.
6. In 1980 Havells India pvt ltd
Hariyana and UP
In 1992 25Cr Company
Offered IPO 1993 - BSE
and NSC
7. In 1998 R and D division
Chain Products entered in
world market
Expanded its Products for
E-Cables, Lights, Home Appliances,
Fans and Geysers.
In 20s - Turkey, Russia,
Indonesia and Malaysia
process - China and Africa.
9. Crabtree, Sylvania, Concord,
Luminance,, SLI Lighting, LLoyd,
Standard Electric, and Promptech
First to Start with brand Only
Showroom ( 250 Outlets )
World wide presence in 5 countries,
23 branches in India and 90 over all,
6,500 professionals over 50 countries,
11 manufacturing plants in India
