Entrepreneur Nina Gupta: Bright ideas to change the world
How many Canadians does it take to change a light bulb? Just one woman, actually! Nina Gupta, President of Greenlite Lighting Corporation, to be precise.
Her company credo is ‘change a bulb, change the world’, and she is doing her part to make Canadians make the switch from incandescent bulbs to CFLs. She credits her father for the bright idea.
“He was a visionary,” says Gupta, who ran successful boutiques in Montreal. He also insisted his daughter get involved in the family business.
Gupta left the fashion industry and established production lines in China with the aim of importing CFLs into North America.
The company which started with Gupta and a single employee with a $50,000 bank loan and money loaned by her father, now employs 15 in Canada, and five in the US. Sales have soared from $500,000 in 1996 to $30 million, or over 10 per cent of the CFL market.
Gupta set up the Greenlite Foundation to help the needy in India and immigrants in Canada. She is the recipient of the Canadian Women Entrepreneur Award.
Posted: Apr 3, 2013