Vijaypat Singhania is the former chairman of Raymond, have a look at his net worth and wife
Find out more about him.
Vijaypat Singhania, the visionary behind Raymond, shared his sentiments with Business Today, expressing remorse over his decision to entirely pass on his business legacy to his son and current Managing Director, Gautam Singhania.
Who is Vijaypat Singhania ex-Chairman of Raymond, net worth now, biography, age, family, wife, son and story
गौतम सिंघानिया के पिता विजयपत सिंघानिया ने कहा कि मैंने उसे सब कुछ दे दिया, लेकिन गलती से मेरे पास कुछ पैसे बच गए थे, जिन पर मैं जीवन यापन कर रहा था. मैं आज बच गया हूं, नहीं तो मैं सड़क पर होता.#GautamSinghania #vijaypatsinghania #NawazModi #ATDigital pic.twitter.com/8jYs3YCIBY
— AajTak (@aajtak) November 24, 2023
#Raymond MD & Chairman Gautam Singhania outsed his father Vijaypat Singhania from the company & the house his father built.
Now his wife is asking for 75% of his wealth to settle divorce.
Karma !
This feud is really negative for Raymond shareholders.#stockmarkets… pic.twitter.com/Bw88yfX0zx
— Gems of StockMarket 📈 (@EngineerSalaria) November 21, 2023
After handing up control of his business to Gautam Singhania in 2015, Vijaypat reportedly faced backlash in 2017 when, according to several accounts, his son drove him out of the famous JK House building in South Mumbai.
Amidst the family’s public scrutiny, Nawaz Modi Singhania, estranged from billionaire industrialist Gautam Singhania, raised allegations of physical abuse against him.
According to reports, as part of a proposed family settlement, Gautam Singhania’s 53-year-old estranged wife is reportedly seeking a substantial portion—75%—of his alleged $1.4 billion net worth for herself and their two daughters, Niharika and Nisa, given their impending divorce.
Since then, Vijaypat Singhania has become the talk of the town, with many people trying to find out more about him. So, here’s what we know about him:
Who is Vijaypat Singhania?
Vijaypat Singhania is a renowned Indian businessman and aviator. He has been in the news because he regretted his decision to entirely pass on his business legacy to his son, Gautam Singhania.
He was born in 1938 in India and is aged 85. His father’s name is Lala Kailashpat (L.K.) Singhania. When he was a student, he did not like the study of commerce or economics. It was not until he was a postgraduate management instructor at JBIMS that he developed an appreciation for these disciplines.
Vijaypat Singhania is married, and his wife’s name is Ashabai Singhania. The couple also has one son named Gautam Singhania, who is the current Managing Director of Gautam Singhania.
His career
The renowned aviator and businessman Vijaypat Singhania is well-known for his substantial contributions to the textile sector as the former managing director and chairman of the Raymond Group (1980–2000). In 1988, he broke the record for the greatest height reached in a hot air balloon and for the longest microlight endurance flight from London to Delhi.
As a result of his services, Singhania was named an Honorary Air Commodore in the Indian Air Force and Mumbai’s Sheriff in 2006. The Indian government also recognized him with honors such as the Tenzing Norgay National Adventure Award (2001) and the Padma Bhushan (2006).
But in 2015, Vijaypat Singhania gave his younger son Gautam Singhania full ownership of his 37% share in the Raymond Group, which led to a highly publicized and protracted family spat on a number of issues.
While his son Gautam is today worth $1.4 billion, Vijayapat is living on rent and is said to be just about meeting amends after handing over his business to his son.
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