Background
Qimat was born in 1937 in undivided Punjab (India before India-Pakistan partition).
Qimat was born in 1937 in undivided Punjab (India before India-Pakistan partition).
Qimat was among the 100 richest Indians, and on Forbes list of global billionaires. In 1958 he quit his studies in Punjab and moved to New Delhi. Qimat started an electrical trading shop called Guptaji & Company in Bhagirath Place, an electrical wholesale market in Delhi with a capital of INR 10000.
In 1971 Qimat purchased existing company brand name from Haveli Ram Gandhi for INR 700,000.
Today is among the top five lighting brands of the world with market cap of above $3 billion. Qimat died at the age of 77 due to cardiac arrest on 7 November 2014.