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Qimat Rai Gupta paid $700,000 to Haveli Ram Gandhi for the existing firm Havells brand name.He
also brought additional items such as cables, lamps, appliances, fans, and geysers.
Reading about how the most successful businesses become successful gives us all the confidence to
chase our aspirations. Stories of their struggle and adversity will only help us learn more about their
path.
While there are many such stories to be inspired by, we are here to tell you about one individual who
built a name for himself despite such adversity.
Havells was created in 1971 by Qimat Rai Gupta. He paid $700,000 for the existing firm Havells brand
name from Haveli Ram Gandhi. Gupta was born in Malerkotla, Punjab, to a middle-class Punjabi Hindu
family in 1937. He began his career as a schoolteacher in Punjab. He made the decision to relocate to
New Delhi.
He used to work in his uncle’s electrical selling store on Bhagirath Place. His uncle saw his passion and
invited him to join the firm.
On this day, we remember and thank our founder, Chairman Sh. Qimat Rai Gupta. We want to follow in
his footsteps by #Makingadifference pic.twitter.com/pgMGmBy15N
January 24, 2019 — Havells (@havellsindia)
In 1958, he established Guptaji & Company, an electrical trade firm in Bhagirath Place, with a capital of
10,000 rupees. Gupta paid $700,000 to Haveli Ram Gandhi for the existing firm Havells brand name in
1971.
Few people know how the surname Havells came to be. While anything is developed from a foreign
language, it originates from Haveli Ram Gandhi, the company’s owner.
Qimat Rai Gupta was able to broaden the company’s horizons by expanding the range of items it
supplied.
Havells formerly only sold switchgear, but QRG expanded its product line to include cables, lights,
appliances, fans, and geysers.
Havells purchased the German behemoth Sylvania, which was twice its size, in 2007. Havells was put on
the map as a result of the acquisition. They were, however, dealing with their own problems. When
Sylvania’s losses drove Havells to the verge of bankruptcy, QRG boldly opted to maintain the firm.
Sylvania was turned around under his mentorship by Anil Rai Gupta, the current chairman of Havells.
Havells now owns global brands such as Crabtree, Sylvania, Concord, Luminance, and Standard.
Qimat Rai Gupta became a Forbes billionaire for the first time in 2014 when his lighting company,
Havells India, had a 65% increase in earnings. Havells is now one of the world’s largest electronics
corporations.
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