Electrical equipment maker Havells India group chairman Qimat Rai Gupta died.
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 say die spirit, the company said in a statement.
Mr. Gupta recently also made it to the Forbes’billionaire list for the first time and was ranked India’s 48th richest man with a net worth of $2 billion as of September 2014.
