- Havells was a Rs 8,500 crore company in 2015
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Long before ‘Make in India’ was a slogan, Qimat Rai Gupta was born in a be-Indian-buy-Indian family. Those were the heady days of the freedom movement and Mahatma Gandhi’s calls for a boycott of all things foreign—a time when the elites, too, had started spinning the handloom charkha inside their homes. These events propelled the still-young Gupta to buy out the Havells brand name in the 1970s.