[4] In 1958, he quit his studies in Punjab and moved to New Delhi, where he started an electrical trading shop called Guptaji & Company in Bhagirath Place, an electrical wholesale market in Delhi, with a capital of ₹10,000.
[5][6] In 1971, Gupta purchased existing company Havells brand name from Haveli Ram Gandhi[7] for ₹700,000.
[8] As of 2015[update], Havells is among the top five lighting brands in the world [9] with market cap of above US$10 billion.
[citation needed] Qimat Gupta was married to Vinod and had two sons and one daughter.
Only his second son Anil Rai Gupta is part of the business, and succeeded his father as Havells' Chairman.