Anil Rai Gupta, who is one of India’s wealthiest entrepreneurs, is involved in promoting education and co-founded the renowned liberal arts institution called Ashoka University.
Anil Rai Gupta is currently the Chairman and Managing Director of Havells, a global electrical company. Havells was originally bought by Anil’s father, who was a well-known entrepreneur, from a trader in Delhi in 1971. Anil and his mother Vinod Rai Gupta are now billionaires thanks to the success of the leading cable wire and electronics brand.
Anil Rai Gupta is a 53-year-old businessman who learned the ropes of the trade from his father, the late Qimat Rai Gupta, who was also a successful businessman. Anil completed his education at St. Xavier’s School and Shri Ram College of Commerce in Delhi and then pursued an MBA degree from Wake Forest University in the United States. He joined the family business in 1992 and worked with his father for 22 years, gaining valuable experience in the field. After Qimat Rai Gupta’s passing in 2014, Anil took over as the Chairman and Managing Director of Havells, the global electrical company founded by his father.
The electrical trading business founded by Qimat Rai Gupta in 1958 with Rs 10,000 has grown tremendously under Anil Rai Gupta’s leadership. The company now has a market cap of over Rs 74,000 crore and has 14 factories as of April 2023. Anil was instrumental in Havells’ acquisition of Sylvania, a leading lighting brand in Europe, in 2007. He has also expanded the business to include consumer appliances, such as Lloyd ACs, in addition to electrical cables.
Anil Rai Gupta is not only a businessman but also supports education and is one of the founders of a well-known liberal arts college named Ashoka University. He has written a book titled “Havells: The Untold Story of Qimat Rai Gupta” which is a biography of his father, and it received favorable reviews. In 2017, he received an honorary doctorate from his alma mater Wake Forest University. He has won several awards as an entrepreneur and business leader. Anil Rai Gupta is married to Sangeeta Gupta.
In 2022, the total net worth of Vinod and Anil Rai Gupta’s family was listed as $6.3 billion (over Rs 51,000 crore). According to the Forbes real-time rich list for 2023, Anil Rai Gupta’s mother, Vinod Rai Gupta, has a net worth of $3.9 billion (over Rs 31,900 crore). As per the Havells Annual Report for 2021-22, Anil Rai Gupta received a total compensation of over Rs 27 crore (Rs 27,57,76,421) as the Chairman and MD.