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Industrialist Vijaypat Singhania, who died in Mumbai at age 87 on Saturday, occupied a rare space in the storied world of corporate chieftains. His leadership of Raymond since 1980 as chairman and managing director, more than a decade before the economic liberalisation of 1991 heralded the arrival of the Indian consumer, ensured that the textile brand was able to withstand the pressures unlike many legacy brands. The sky was the limit for the adventure and aviation enthusiast Singhania, who was a rare corporate leader doing risky manouvres beyond the boardrooms. Pursuits in both the arenas -- business and adventure -- won him accolades, as he went on to receive India's third highest civilian honour Padma Bhushan as well as the Tenzing Norgay National Adventure Award. In November 2005, the then-67 year old Singhania created a world record by ascending to approximately 69,000 feet in a hot air balloon. Before that, in 1988, he had set a speed-over-time endurance record for microlight
Industrialist and former Raymond Group chairman Vijaypat Singhania was cremated in Mumbai on Sunday. Singhania, who was at the helm of the company from 1980 to 2000, died after a brief illness on Saturday evening. He was 87. His sons Gautam, who currently leads Raymond, and Madhupati led the funeral procession as the mortal remains of Vijaypat Singhania, a Padma Bhushan awardee, were brought out of their family residence in south Mumbai. Gautam's wife Nawaz Modi also attended the funeral, which was held at the Chandanwadi crematorium. Modi told PTI Videos that she spent a lot of time with Vijaypat Singhania, who stood by her like a rock. As per Modi, who claimed to be a caretaker for Singhania, her father-in-law had not been keeping well since October last year and had been in and out of the hospital. Vijaypat Singhania had been admitted to the intensive care unit (ICU) of a hospital in recent months, she added. Maharashtra Deputy Chief Minister Eknath Shinde, who paid condolenc
Former Raymond chairman Vijaypat Singhania died here on Saturday evening, his family said. He was 87. His son Gautam Singhania, the group's current chairman and managing director, announced the death on the microblogging platform 'X'. Singhania passed away "peacefully" in Mumbai, and the last rites will be performed on Sunday, a Raymond Group spokesperson said. Vijaypat Singhania, a recipient of the Padma Bhushan, was also a keen aviator and held a world record for the highest altitude gained in a hot air balloon. He led Raymond as chairman for two decades till 2000. After handing over the reins of the company to Gautam, Vijaypat also transferred his entire 37 per cent stake in the company to his son. Vijaypat Singhania and his son were embroiled in legal disputes some years ago, but later they settled the issues.
Raymond Group Chairman & Managing Director Gautam Hari Singhania has sustained injuries, while two Indian nationals are reported missing after a speedboat capsized near Felidhoo island in the Maldives, according to local media reports. There were seven people on board at the time of the incident near Vaavu atoll early Friday morning. Two women a British national and a Russian national - and five Indian men were on board, the Edition.mv reported. Police said five people fell into the sea when the vessel overturned, including the Russian woman and four Indian men. Singhania, 60, who was among the tourists, has been rescued. Citing police, news portal Adhadhu reported that he sustained minor injuries in the accident. He was discharged from the hospital after treatment, it added. "The two missing persons are Indian nationals," police said, adding that search operations are on. "The speedboat belongs to his yacht, TT Ashena. The Maldivian Coast Guard is still looking for two people .
Third-party logistics services operator Emiza on Monday announced a partnership with Raymond for managing fulfilment of the company's entire online portfolio comprising brands like Park Avenue, ColorPlus, Parx, and Ethnix. Through Emiza's nationwide network of over 24 fulfilment centres across more than 12 cities, the company will handle over 1.45 million annual shipments for Raymond's direct-to-consumer (D2C) website and marketplace e-commerce operations, Emiza said. Under the collaboration, Emiza would provide warehousing, packaging, and intelligent order fulfilment, it said, adding, for Raymond's D2C website orders, the company will enable smart routing from the fabric and fashion retailer's nearest store to optimise last-mile delivery timelines. "At Emiza, we are committed to delivering precision, speed, and scalability through our tech-driven fulfilment network. This partnership reinforces our mission to empower iconic Indian brands with a robust digital supply chain ...
Raymond Lifestyle Ltd on Wednesday said it has narrowed its consolidated net loss to Rs 19.82 crore in the June quarter, on the back of improved performance in the branded textile and apparel segment led by volume growth. The company had posted a consolidated net loss of Rs 23.21 crore in the corresponding quarter last fiscal, Raymond Lifestyle Ltd said in a regulatory filing. Consolidated revenue from operations in the quarter under review stood at Rs 1,430.43 crore against Rs 1,220.12 crore in the same period a year ago, it added. Total expenses in the first quarter were higher at Rs 1,499.72 crore compared to Rs 1,281.28 crore in the year-ago period. The performance in Q1, which is seasonally the weakest quarter in the year, was mainly driven by improved performance in the branded textile and branded apparel segment led by volume growth, the company said. Branded textile segment revenue grew by 27 per cent to Rs 716 crore in Q1 FY26 compared to Rs 565 crore in Q1 FY25, mainly o
Raymond, which celebrated its centenary this year, has embarked on a massive exercise to redefine skills for the modern age and is using automation to improve its productivity and efficiency, a top company official said. In a bid to create an engaged and skilled talent workforce that is 'ready-for-the-future', the 100-year old group is leveraging AI and automation in people practices. "We are in the process of implementing a very powerful HRMS system which has the ability to deploy AI. However, we are committing to preserving the human-centric ethos of the organisation. "Through extensive training, we will be sensitising people managers on working with empathy and emotional intelligence in the age of AI," KA Narayan, President, HR, Raymond, told PTI. Raymond is a diversified group with majority business interests in textile & apparel sectors and a presence across varying segments such as consumer care, realty and engineering in national and international markets. Its 100-year ...