Raymond Former Chairman Vijaypat Singhania Passes Away at 87 in Mumbai

Vijaypat Singhania, the former Chairman of the Raymond Group and a veteran industrialist, passed away in Mumbai on Saturday evening at the age of 87. The news of his demise was shared by his son, Gautam Singhania, the current Chairman and Managing Director of the Raymond Group, on the social media platform X. According to a spokesperson for the Raymond Group, Singhania breathed his last in Mumbai, and his final rites are scheduled to take place on Sunday.

Leadership and Industrial Legacy at Raymond

Vijaypat Singhania had a long and distinguished association with the Raymond Group, serving as its Chairman and Managing Director from 1980 to 2000. During his two-decade tenure, he was instrumental in transforming Raymond into one of India's leading textile and apparel brands. Under his strategic leadership, the company expanded its footprint Notably across domestic and international markets. In 2000, he stepped down from his executive role, handing over the leadership of the conglomerate to his son, Gautam Singhania.

Aviation Achievements and World Records

Beyond the corporate world, Vijaypat Singhania was globally recognized for his passion and achievements in aviation. An accomplished pilot, he set multiple records in adventure sports. In 2005, he achieved a world record by flying a hot air balloon to an altitude of over 21000 meters, a feat that brought him international acclaim. He also won an international air race and remained an active promoter of aviation sports in India throughout his life.

National Honors and Military Recognition

In recognition of his immense contributions to industry and adventure sports, the Government of India honored him with the Padma Bhushan, one of the nation's highest civilian awards. His expertise in aviation led the Indian Air Force to confer upon him the honorary rank of Air Commodore in 1994. Also, he served as the Sheriff of Mumbai, reflecting his commitment to public service and civic engagement.

Succession and Family Relations

Upon his retirement, Vijaypat Singhania had transferred his entire 37 percent stake in the company to his son, Gautam Singhania. A few years ago, the relationship between father and son became the subject of public discourse due to legal disputes over property and rights. However, these matters were later reported to have been resolved between the parties. His passing marks the end of an era for the Raymond Group and the Indian textile industry.

Funeral Arrangements in Mumbai

According to the details provided by Gautam Singhania, a funeral gathering will be held at 1:30 PM on Sunday at their residence, Haveli LD, located on Ruparel Marg in Mumbai. This will be followed by the final rites at the Chandanwadi crematorium at 3 PM. Members of the industrial fraternity and public figures have expressed their condolences following the news of his death.