The Gupta Group
The Gupta Group are led by Dr. Steve Gupta. As one of the most influential men in the industry, his self proclamation that he’s an entrepreneur may seem a little frivolous, but as an immigrant from India, Gupta has built his own legacy and has truly realized the Canadian Dream.
This is a developer that has made the recent transition to residential condo development, but their pristine reputation as a hotel developer and manager ensures their success in this new endeavour.
He immigrated to Canada with his wife, Rashmi in 1973. Although he spoke excellent English and had a good education, it is always difficult to transition to a new country when you have little money and no contacts. The first job he had when he landed in the country was as an insurance salesman. Without the luxury of leads, Steve needed to go door to door in neighbourhoods and apartment high-rises to try and sell his wares. He did this until 1978, at which time he had saved enough money to invest in a truck stop in Port Hope, Ontario. He was able to revitalize the truckstop and was so successful that by the early 1980’s, he was buying up the very apartment buildings at which he was peddling insurance. This story is not only inspirational, but it proves that Gupta has a long history in investing in homes.
Dr. Gupta began his hotel enterprise in 1997 when he acquired an old RCMP building at the enviable location of Dundas and Jarvis in the heart of Toronto. This was only the beginning, as his foray into the hospitality industry is where Steve made his reputation as a preeminent businessman, and he eventually expanded his holdings by building hotels in Toronto, Montreal, Sudbury, and Peterborough. Dr. Gupta has since become an extremely decorated man as he’s been able to win multiple awards, such as the 2009 Marriott Outstanding Contribution Award, the 2009 Hilton Developer of the Year Award, and was the first Canadian and person of South Asian descent to win the prestigious Marriott Horizon Partnership Circle Award.
Steve has enjoyed phenomenal success in the hotel industry, but he’s also been a phenomenal father, and he has spread his passion and insight to his family members as well. Both of his daughters - Reetu and Shelley - have contributed in very real ways to the success of The Gupta Group.
Reetu Gupta had spent her summers working in her father’s hotels, and so she knew the ins and outs of the industry before she graduated from high school. Not one to be handed anything, she received her M.B.A from the prestigious Schulich School of Business in York University. For years Reetu worked as the Director of Sales and Marketing for the company, but she has recently risen to the ranks of Chief Operating Officer.
Shelley isn’t a slouch either, she has an M.B.A. from the University of Chicago Booth School of Business and worked for two years as the Executive Director of Finance and Condo Development for her father’s company before moving down south and becoming the Senior Strategy Consultant for Accenture - an information and technology company - in Chicago, Illinois.
With the help of his daughters Reetu and Shelley, Steve began his bid into the world of residential condominiums. Together they acquired the prime plot of King Street West and Blue Jays Way where they are building the fabulous King Blue Condos. This fantastic tower was awarded three times at the esteemed BILD Awards. The Guptas are showing keen interest in continuing their investment in residential condos by also renovating Steve’s first hotel on Dundas and Jarvis into the Dundas Square Gardens - a massive development which will house 978 units.
Dr. Steve Gupta’s story is one that demonstrates the value of hard work, ambition, and adaptability. He is also renowned for his conscientious approach to business by refusing to agree to deals that feel unethical. He believes that if something feels wrong, you shouldn’t do it, and also the best way to beat your competitors is to outwork them. With these attitudes, he is sure to find success in his residential venture, just as he did with hospitality.
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