Business

Who is Raymond’s founder Vijaypat Singhania, who attacked his son Gautam Singhania during a divorce dispute?

The billionaire’s father, Vijaypat Singhania, spoke out about the family conflict and bemoaned giving “everything” to his son as the separation of Raymond Group MD Gautam Singhania and his wife, Nawaz Modi Singhania, continues to garner media attention.

The founder of the Raymond Group, Vijaypat Singhania, expressed regret over his “stupid” decision to give his son “everything”. He also discussed Gautam Singhania’s withdrawal of his offer to acquire a portion of the company.

“I have no business,” declared the former textile magnate in an exclusive interview with Business Today. Naturally, Gautam withdrew his agreement to give me a portion of the business. I therefore have nothing. I fully committed to him. I was left with some money by mistake, and I’m still here today because of it. I would have been on the road if not.”

Also Read: Family feud between Gautam Singhania: Raymond’s stock plummets as MCAP drops below ₹11k crore

Who is Raymond Group founder Vijaypat Singhania?

Together with his father, L K Singhania, the 85-year-old businessman and former textile magnate founded the Raymond Group in 1944. From modest beginnings as a clothing mill, the company has grown to become the largest suit garment manufacturer globally.

In addition to receiving numerous honours during his career, Singhania was also awarded the Padma Bhushan, the nation’s third-highest civilian honour. In 2016, Singhania made the decision to give his son Gautam ownership of the company.

Prior to now, Singhania struggled with deciding how to divide the business between his two sons, Gautam and Madhupati. But because of family strife, Madhupati gave up his possessions and his shares in Raymond and cut off all contact with the Singhania’s.

Also Read: BharatPe files fresh case filed against Ashneer Grover, company takes legal action

In the end, Vijaypat gave his son Gautam 37 per cent of Raymond Group. His grandchildren lost their legal battle to challenge these transfers.

The messy divorce settlement between Gautam Singhania and his estranged wife Nawaz Modi has now given rise to another family feud. The latter insisted on receiving 75% of the billionaire’s net worth for herself and her daughters.

Naiteek Bhatt

Recent Posts

PM Modi, Canadian PM Carney Hold Talks; India To Attend G7 Summit In June

PM Narendra Modi spoke with Canada's new Prime Minister Mark Carney on Friday, congratulating him…

52 mins ago

Vedanta Boosts Green Energy Push; Surpasses 1 GW Renewable Energy Mark

On the occasion of World Environment Day, Vedanta Ltd announced a significant milestone in its…

1 hour ago

FDI Inflows In India Surpass $500 Billion In A Decade; Driven By Key Reforms

India attracted over $500 billion in foreign direct investment (FDI) equity inflows between 2014 and…

2 hours ago

PM Modi Takes Dig At Pakistan For Attacking ‘Insaniyat’ & ‘Kashmiriyat’

PM Narendra Modi strongly condemned Pakistan for the Pahalgam terror attack, accusing it of trying…

3 hours ago

PM Modi Attacks Pakistan Over Pahalgam Terror Incident; Hails Operation Sindoor

PM Narendra Modi on Thursday launched a scathing attack on Pakistan for attempting to derail…

4 hours ago

Home-Cooked Meal Costs Drop Marginally In May 2025, Driven By Cheaper Vegetables And Chicken

The price of home-cooked meals fell slightly in May 2025, aided by a significant decline…

5 hours ago