QRG Investment & Holdings

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.