Gautam Singhania

Vijaypat Singhania: A textile magnate who loved flying and adventure

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

Former Raymond Group chairman Vijaypat Singhania cremated in Mumbai

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

Raymond Group chairman injured, 2 Indians missing in Maldives boat accident

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 .

Gautam Singhania-backed SCCG seeks licence to restore foreign cars

SCCG claimed that labour costs in India are considerably lower than in countries like the UK, where restoration can cost upwards of £100-£200 per hour

Shareholders approve Gautam Singhania as Raymond Lifestyle chairman

Gautam Hari Singhania has been appointed executive chairman of Raymond Lifestyle Limited, with 86.85% shareholder approval, despite sharp criticism over governance and reputational risks

Gautam Singhania faces opposition over Raymond Lifestyle's chairman role

Two advisory firms have urged shareholders to reject Gautam Singhania's appointment as executive chairperson of Raymond Lifestyle, citing concerns over governance, transparency, and reputational risks

Gautam Singhania slams Lamborghini heads after Revuelto breakdown in Mumbai

On October 3, Raymond boss Gautam Singhania posted on X about an electrical failure in his new Lamborghini Revuelto, which occurred during a test drive just 15 days after its delivery

Raymond Lifestyle lists at Rs 3,020 on NSE; locked in 5% lower circuit

RLL's stock locked in lower circuit of 5 per cent at Rs 2,869, after listing at Rs 3,020 on the National Stock Exchange on Thursday.

Shareholder value creation at heart of demerger plan: Gautam Singhania

Singhania said the company's investments in capacity expansion a couple of years ago, which are now coming online, are helping it capitalise on opportunities arising from the challenges in Bangladesh

Raymond receiving large number of biz inquiries after B'desh crisis: CMD

Leading textiles and apparel company Raymond has received a "huge number of inquiries" from global firms after the crisis in neighbouring Bangladesh and is ready to grab this opportunity, its Chairman & Managing Director Gautam Hari Singhania said. Raymond, which has invested in its garmenting facility to become the third largest suit maker in the world, is ready to "take advantage" from the current situation, Singhania told PTI. Asked if he expects shifting of some garmenting business to India from Bangladesh, he said, "We are hoping so. We are seeing the inquiries. It obviously needs a little bit of time, but we are certainly seeing positive signs on that." India is better-placed with its end-to-end supply capabilities linking all stages as companies as Raymond are present in both fabric and garmenting business, which, in turn, will save time for international brands also on final delivery, he said. "Bangladesh does not have a fabric supply. India has got a great opportunity to .

Raymond shareholders approve reappointment of Gautam Singhania as MD

Textiles and fabric manufacturer Raymond Ltd on Thursday said its shareholders have approved the reappointment of Gautam Hari Singhania as Managing Director for five years effective from July 1, 2024, along with his proposed remuneration. The shareholders of the company at their Annual General Meeting (AGM) held today (June 27) have approved the re-appointment of Singhania," Raymond Ltd said in a regulatory filing. Proxy advisory firm, IiAS had asked shareholders of Raymond to vote against the reappointment of Chairman & Managing Director Gautam Singhania on the board of the company. IiAS had called for an independent investigation into the accusations of domestic violence and misappropriation of funds raised by his estranged wife Nawaz Modi by the board of the company. Moreover, it has also called for Singhania and Nawaz Modi to step off the board of Raymond until the divorce-related issues are settled and the results of an independent investigation are received. Besides, IiAS

Advisory firm against Gautam Singhania's reappointment to Raymond's board

A proxy advisory firm has recommended the shareholders of the leading textile and fabric manufacturer Raymond to vote against the reappointment of Chairman & Managing Director Gautam Singhania on the board of the company. It has called for an independent investigation into the accusations of domestic violence and misappropriation of funds raised by his estranged wife Nawaz Modi by the board of the company. Moreover, it has also called for Gautam Singhania and Nawaz Modi to step off the board of Raymond until divorce-related issues are settled and the results of an independent investigation are received. Besides, the proxy advisory firm IIAS has also recommended Raymond shareholders to vote against the proposed remuneration structure for Singhania claiming that it allows him to be paid in excess of regulatory thresholds. An e-mail sent to Raymond remained unanswered by the time of filing of the story. Raymond is conducting its Annual General Meeting on June 27, in which it has ...

Raymond to add 300 stores in next 12 months, says Gautam Singhania

Rural demand to pick up with expectations of good monsoon

'My personal life is mine, does not concern anyone', says Gautam Singhania

Gautam Singhania, chairman and managing director of Raymond, said that his personal life does not concern anyone in the business space as he is in the middle of a settlement dispute with his estranged

Raymond re-appoints Gautam Singhania as MD for 5 years amid divorce dispute

'Group has made enormous progress under his stewardship', says company

Nawaz Modi Singhania removed from boards of 3 Raymond Group firms

Their shareholders wrote to the companies that they lost confidence in Singhania as a Director and requested to convene a shareholder meeting to remove her from the boards, the statements said

Vijaypat Singhania rules out reconciliation with estranged son Gautam

Raymond patriarch Vijaypat Singhania on Tuesday ruled out reconciliation with his estranged son Gautam Singhania, whose social media post of a photo of them sparked speculations of resolving their differences. In a video message, Vijaypat Singhania said he had reluctantly gone to meet his son Gautam who insisted he meet over a cup of coffee without realising it was for an ulterior motive for taking my photograph, with GHS (Gautam Hari Singhania) to send a wrong message to the media. On March 20, billionaire Gautam Singhnia posted a photo on the microblogging platform X' through his account @SinghaniaGautam with his father Vijaypath. It was with a caption: Happy to have my father at home today and seek his blessings. Wishing you good health Papa always. A reply from the Raymond group is still awaited over this. In the video message, the senior Singhania said, Since the media is asking, I am clarifying my position. I try to clarify my position. On Wednesday on March 20, while I was

Gautam Singhania's JK Investors pays Rs 328 cr penalty in customs case

The DRI accused Raymond Group CMD Gautam Singhania of evading custom duties on the import of 142 vehicles, including 138 vintage cars

JK Tyre raises Rs 500 cr; to be used for capex, strengthening balance sheet

JK Tyre & Industries on Monday said it has raised Rs 500 crore by way of qualified institutional placement (QIP). The QIP received an overwhelming response from marquee investors including Indian mutual funds, insurance companies and foreign institutional investors, the tyre major said in a statement. "This is an important milestone in our corporate journey. Participation of several reputed investors in the issue endorses their faith and confidence in the company's growth story," JK Tyre Chairman and Managing Director Raghupati Singhania stated. QIP funds will be used for the purpose of growth capex and strengthening of the balance sheet, he added. JK Tyre shares were trading 0.16 per cent up at Rs 399 apiece on the BSE.

IiAS asks Raymond to appoint interim CEO, probe charges against Singhania

Proxy advisory firm Institutional Investor Advisory Services (IiAS) has asked independent directors of Raymond Ltd to consider appointing an interim CEO and investigate the allegations of assault by its Chairman and MD Gautam Singhania on his wife and daughter, and the use of company funds for personal benefit. In an open letter to the company's five independent directors, IiAS also suggested they ask Singhania and his estranged wife Nawaz Modi, also a board member, to take time off from their responsibilities as board members. The five independent directors to whom the letter was addressed are Mukeeta Jhaveri, Ashish Kapadia, Dinesh Lal, K Narsimha Murthy, and Shiv Surinder Kumar. Citing media reports, IiAS said Modi has alleged that she and her daughter were physically assaulted by Singhania in September 2023. She also alleged that company funds were being used for Singhania's personal benefit (CEO excesses) -- and that she was acting as a whistle-blower of sorts. "Despite such .