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Single Family OfficePuts its own capital into companiesLAST VERIFIED Oct 2026 · 4 SOURCES

QRG Investments and Holdings

Noida holding and promoter company of Havells (~41%) for the QRG Group; a middle-layer NBFC with direct venture, PE fund, credit and listed investments.

USEFUL FOR Fund managers raising capital · Business owners seeking a long-term partner · Co-investors

Family & background

HEADQUARTERS
Noida, India
FOUNDED
1985

Investment approach

SECTORS
HealthTechFintechConsumer & E-commerceMobility & LogisticsIndustrial & Manufacturing
GEOGRAPHY
India
ROUTES
Companies (own capital) · Funds (as LP)
STRATEGIES
Direct investmentsVenture capitalPrivate equityFunds (as LP)Private creditPublic equitiesReal estate

Overview

QRG Investments and Holdings Limited is the holding and promoter company of Havells India, directly holding about 41%, and the holding company of the QRG Group, named after founder chairman the late Qimat Rai Gupta; it is chaired by his son Anil Rai Gupta. Incorporated in 1985 as Ajanta Mercantile and renamed in 2016, it is an RBI-registered middle-layer non-deposit-taking NBFC. Its portfolio spans direct venture investments, PE and venture debt funds, listed instruments, structured credit and InvITs/REITs, with holdings such as Marengo Asia Healthcare, Euler Motors, Campus and Awfis.

Investment thesis

Backs companies with high standards of corporate governance and ambitious, motivated entrepreneurs to transform ideas into scalable businesses.

Holdings & investments (13)

  • Havells IndiaNOTABLE
  • Marengo Asia Healthcare
    HealthTech
  • Aartas Care
    HealthTech
  • BDR Pharmaceuticals International
    Biotech & Life Sciences
  • Veeda Clinical Research
    Biotech & Life Sciences
  • Euler Motors
    Mobility & Logistics
  • Jana Group
    Fintech
  • Axis Pension Fund Management
    Fintech
  • Lavonne Hospitality
    Consumer & E-commerce
  • Newspace Research & Technologies
    Deep Tech
  • Campus
    Consumer & E-commerce
  • Awfis Space Solutions
    Real Estate & PropTech
  • Thalappakatti Hotels
    Consumer & E-commerce

People

  • Anil Rai Gupta
    Chairman · source
  • Surjit Kumar Gupta
    Whole-time Director · source
  • Ameet Kumar Gupta
    Director · source
  • Vinod Gupta
    Whole-time Director · source
  • Sangeeta Rai Gupta
    Whole-time Director · source
  • Abhinav Rai Gupta
    Director · source
  • Sunil Behari Mathur
    Independent Director · source
  • Surender Kumar Tuteja
    Independent Director · source

Frequently asked questions

QRG Investments and Holdings is a single family office based in Noida, India, founded in 1985.

QRG Investments and Holdings invests its own capital into companies and in third-party funds as an LP. Its stated asset mix includes direct investments, venture capital, private equity, funds (as lp), private credit, public equities and real estate.

QRG Investments and Holdings invests in HealthTech, Fintech, Consumer & E-commerce, Mobility & Logistics and Industrial & Manufacturing.

Key people at QRG Investments and Holdings include Anil Rai Gupta (Chairman), Surjit Kumar Gupta (Whole-time Director), Ameet Kumar Gupta (Director) and Vinod Gupta (Whole-time Director).

QRG Investments and Holdings's holdings and investments include Havells India, Marengo Asia Healthcare, Aartas Care, BDR Pharmaceuticals International, Veeda Clinical Research, Euler Motors, Jana Group and Axis Pension Fund Management, among others.