Vijaypat Singhania, former chairman of Raymond Group and a recipient of the Padma Bhushan, has passed away at the age of 87, marking the end of a remarkable chapter in India’s industrial history.
Singhania was widely regarded as one of the architects of Raymond’s modern success. Taking over the reins of the company in 1980, he transformed it from a traditional textile manufacturer into a diversified global brand known for premium fabrics and apparel. Under his leadership, Raymond expanded into multiple verticals, including ready-to-wear clothing, engineering, and denim, making it a household name across India.
Beyond his business achievements, Singhania was known for his adventurous spirit and passion for aviation. An accomplished pilot, he set a world record for the highest altitude reached in a hot air balloon and undertook several daring expeditions. His contributions to both industry and adventure earned him national recognition, including the prestigious Padma Bhushan in 2006.
He also held several prominent positions during his career, including serving as the Sheriff of Mumbai and contributing to academic institutions such as the Indian Institute of Management Ahmedabad. His leadership extended beyond business, influencing public life and corporate governance in India.
In his later years, Singhania made headlines due to a public and prolonged dispute with his son, Gautam Singhania, the current head of Raymond Group. The family conflict brought attention to succession challenges within business families, adding a complex layer to his otherwise illustrious legacy.
Tributes have poured in from across the business community, with many remembering him as a visionary entrepreneur who combined sharp business acumen with a fearless zest for life. His legacy continues through the institutions he built and the standards he set for Indian industry.
