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QRG Investment & Holdings
QRG Investment & Holdings was formed as the holding company for the Gupta family's stake in Havells India, the fast-moving electrical goods and...
QRG Investment & Holdings
QRG Investment & Holdings was formed as the holding company for the Gupta family's stake in Havells India, the fast-moving electrical goods and power-distribution manufacturer listed on the National Stock Exchange and Bombay Stock Exchange. The firm directly holds roughly 41% of Havells, anchoring a corpus built on the legacy of late patriarch Qimat Rai Gupta. Operating from QRG Towers in Noida, the office also carries an NBFC registration, which gives it the regulatory chassis to run structured-credit and listed-instrument portfolios alongside the equity book. The firm invests across direct venture equity, private equity funds, venture debt, listed instruments, and structured credit, with geography split between India and North America. Confirmed direct positions span healthcare services — founding shareholder in Marengo Asia Healthcare (three operating hospitals) and clinical research organization Veeda Clinical Research — electric mobility via Euler Motors, a manufacturer of electric light commercial vehicles, and fintech through the Jana Group banking franchise. Co-workspace platform Awfis Space Solutions, footwear brand Campus, and drone developer Newspace Research & Technologies round out a portfolio that mixes traditional Indian consumption with deep-tech and infrastructure. Day-to-day oversight sits with Anil Rai Gupta, Chairman and Managing Director, with family director Ameet Kumar Gupta visible in operational roles. The group's scale is partly visible through its adjacent holdings: QRG Health City in Faridabad, the Havells stake, and a Dassault Falcon 2000S aircraft. Anil Rai Gupta maintains a Young Presidents' Organization membership, and the family channels philanthropic activity through QRG Foundation, which since 2005 has operated a mid-day meal program feeding over 57,000 schoolchildren daily across Rajasthan. The foundation also builds sanitation infrastructure and funds heritage conservation. The NBFC structure sets QRG apart from most Indian single-family offices. Rather than existing solely as a passive holding entity, QRG Investment & Holdings is a middle-layer non-banking financial company — enabling it to underwrite structured credit, hold InvITs and REITs, and manage listed-instrument exposure on the same balance sheet that carries founding equity stakes. This architecture gives the Gupta family a direct origination engine that peers typically access only through external fund managers.
General information
Firm type
Single Family Office
Year founded
—
AUM
Undisclosed
Location
Region
Asia
Country
India
City
Noida
Corporate office
QRG Towers, 2D, Sector 126, Expressway, Noida – 201304, India
Additional offices
New Delhi, India
Principals
Anil Rai Gupta
Chairman and Managing Director
Surjit Kumar Gupta
Grievance Redressal Officer
Altss tracks 1 additional named team member for this firm — including direct investment leads, IR, and operating principals not listed on the public website.
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Frequently asked questions
Who runs investment decisions at QRG Investment & Holdings?
Anil Rai Gupta serves as Chairman and Managing Director and is the principal decision-maker for the portfolio. His mother Vinod Rai Gupta is a significant promoter-group shareholder, and family director Ameet Kumar Gupta is involved in operations. The firm has not publicly disclosed a dedicated CIO separate from the Chairman's office.
How does QRG Investment & Holdings approach direct investments?
QRG frequently enters as a founding shareholder rather than a follow-on participant. Portfolio companies such as Marengo Asia Healthcare, Aartas Care, and Axis Pension Fund Management list QRG Invest as the founding shareholder. This posture suggests the firm prefers seeding assets with governance influence from day one, often in regulated sectors like healthcare delivery and pension fund management.
What is the firm's relationship with Havells India?
QRG Investment & Holdings is the promoter and holding company for Havells India, directly owning roughly 41% of the listed entity. Havells is the core operating business of the QRG Group, manufacturing fast-moving electrical goods and power distribution equipment. The holding company structure channels Havells dividends and monetization proceeds into the broader investment portfolio.
Does QRG Investment & Holdings operate as a pure family office or does the NBFC license change its structure?
The firm holds a middle-layer NBFC registration, making it a regulated entity under the Reserve Bank of India. This allows QRG to run structured credit, hold listed instruments, and maintain InvIT and REIT positions on its own balance sheet — a hybrid architecture uncommon among Indian single-family offices, which typically rely on external fund managers for credit exposure.
Which sectors does QRG Investment & Holdings actively avoid?
QRG has not published an explicit negative list. Its disclosed portfolio tilts toward regulated healthcare, financial services, electric mobility, and Indian consumer brands. There is no visible exposure to pure-play software startups, ad-supported media, or Western consumer brands, suggesting the family office favors asset-heavy or license-intensive businesses in its home market.
What philanthropic structures does the QRG family maintain?
The QRG Foundation has operated since 2005, running a large-scale mid-day meal program from a four-acre kitchen facility in Alwar district, Rajasthan. The operation deploys over 130 staff and a fleet of 24 vans to supply roughly 57,000 schoolchildren across 672 schools daily. The foundation also funds school sanitation, education, healthcare, and heritage conservation.
How is QRG Investment & Holdings positioned for co-investments with external GPs?
The firm does not advertise a co-investment program, but its portfolio names — developed in partnership with operating management teams as founding shareholder — suggest it is open to structuring deals alongside strategic operators. No club-deal membership or formal co-investor network disclosure has been made.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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