Havells Chairman Qimat Rai Gupta Ranked 48th on Forbes India Rich List

Qimat Rai Gupta, the 77-year-old chairman of electrical equipment maker Havells India, has made it to the Forbes' billionaire list for the first time. Mr Gupta, whose net worth was $2 billion as of September 2014, is India's 48th richest man, Forbes said. The septuagenarian started his career as a school teacher in Punjab, but turned an entrepreneur in 1958, when he founded Guptajee and Company with a sum of Rs 10,000. The compa...