Qimat Rai Gupta Net Worth is965 $Million
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Company Name: Havells India Ltd.

Company Type: Public company

Traded As: 517354

Founder: Qimat Rai Gupta

Foundation: 1958 in Delhi, Indiahttp://www.havells.com/milestones.aspx

Key People: Qimat Rai Gupta (Chairman)

Industry: Electrical equipments

Location: Noida, India

Branches: 94

Divisions: Lighting Sector, Power Distribution Sector

Revenue: 5862/c (2011)

Num Employees: 5,000

Homepage: [http://www.havells.com/ Havells.com]

Intl: yes

Havells India Ltd is a billion-dollar-plus electrical equipment company with products ranging from industrial & domestic circuit protection switchgear, cables & wires, motors, fans, power capacitors, compact fluorescent lamps (CFL), luminaries for domestic, commercial & industrial applications, modular switches covering household, commercial and industrial electrical needs, water heater and domestic appliances.
Havells owns global brands like Crabtree, Sylvania, Concord, Luminance. Havells has 94 branches / representative offices and over 5000 professionals in over 50 countries.
Its 12 manufacturing plants in India are located at Haridwar, Baddi, Noida, Faridabad, Alwar, Neemrana, and 6 manufacturing plants are located across Europe, Latin America & Africa. It has a 20,000 strong global distribution network[clarification needed]
1958: Commenced trading operations in Delhi1971: Bought HALS Brand
1976: Set up the first manufacturing plant for Rewireable Switches and Changeover Switches at Kirti Nagar, Delhi.
1979: Set up a manufacturing plant for HBC Fuses at Badli, Delhi.1980: Started manufacturing Energy Meters at Tilak Nagar, Delhi.1983: Acquired Towers and Transformers Ltd. and turned it into a profitably manufacturing Energy Meters Company in one year[citation needed] .1987: Started manufacturing MCBs at Badli, Delhi in a Joint Venture with Geyer, Germany.1990: Set up a manufacturing plant at Sahibabad, UP for Changeover Switches.1993: Set up another manufacturing plant at Faridabad, Haryana for Control Gear Products.1996: Acquired a manufacturing plant at Alwar, Rajasthan for Power Cables & Wires.
Entered into a Joint Venture with Electrium, UK for manufacturing Dorman Smith MCCBs and Crabtree Modular Plate Switches.1997: Acquired Electric Control & Switchboards at NOIDA for manufacturing customized packaged solutions.1998: Introduced high-end Ferraris Meters in Joint Venture with DZG, Germany.2000: Acquired controlling stake in Duke Arnics

Qimat Rai Gupta Latest News

The extraordinary story of an unsung billionaire

Qimat Rai Gupta even sold oil on a cycle in the villages of Punjab, says Bhupesh Bhandari recounting his amazing story. Image: Qimat Rai Gupta had an extraordinary life. Photograph, courtesy: Havells Two weeks ago, Qimat Rai Gupta of Havells India passed ...
Posted: November 21, 2014, 4:16 am

Anil Rai Gupta carries forward QRG's legacy at Havells India

Though Havells—which manufactured industrial electrical products such as rewirable and changeover switches, HBC fuses and energy metres at the time—was a relatively small business, clocking annual revenues below Rs 50 lakh, Qimat Rai Gupta had the ...
Posted: August 3, 2016, 7:28 pm

Havells’s Qimat Rai Gupta becomes billionaire as stock rises to record

Havells shares have surged 35% this year, twice the gain for the S&P BSE Sensex benchmark gauge Gupta, 77, and his family control almost 62% of the company, according to exchange filings, a stake valued at $1.4 billion, according to the Bloomberg ...
Posted: June 4, 2014, 4:46 am

Havells the Untold Story of Qimat Rai Gupta

From beginning his career as a small trader in Delhi to building Havells, the largest Indian electrical goods company, Qimat Rai Gupta’s story makes for an inspiring read. Told rivetingly by his son Anil Rai Gupta, this is the account of how QRG, as he ...
Posted: May 30, 2016, 5:00 pm

Havells India Chairman Qimat Rai Gupta Dies at 77

New Delhi: Electrical equipment maker Havells India group chairman Qimat Rai Gupta died today. The 77-year-old Mr Gupta who started Havells and transformed it to a multinational with operations across 51 countries, was known for entrepreneurial and never ...
Posted: November 6, 2014, 10:39 pm
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