CNBC TV 18 reported that Singhania has written to the company's board of the company assuring smooth functioning of business amid the ongoing separation with his wife
Amid issues in his personal life, Raymond Chairman and Managing Director Gautam Singhania has assured employees and board members that it is "business as usual" in the company and that he is fully committed to its smooth functioning. In an internal mail to the employees and the board members of Raymond, Singhania, who announced separation from his wife Nawaz earlier this month, said he has chosen not to comment on the reports in media "about matters pertaining to my personal life", saying "maintaining the dignity of my family is paramount to me". "However, I remain resolute as Chairman & Managing Director and am fully committed towards the smooth functioning of the company and its business. Even in these difficult times for me, I assure you that at Raymond, it is business as usual," he asserted in his mail. "As you all are aware that over the last couple of months, we have made significant strides towards growing our businesses exponentially and have had our best quarter in ...
The stock has tumbled 12 per cent since Nov. 13 when Singhania announced separation from Nawaz Singhania, his wife of 32 years and a Raymond board member
Gautam Singhania, the Chairman and Managing Director of the Raymond Group, has declared separation from his wife Nawaz Modi post 32 years of living together
Billionaire industrialist Gautam Singhania on Monday said he has separated from his wife Nawaz, in an announcement that comes amid speculation over the future of the 32-year relationship. Singhania, the chairman and managing director of Raymond, who's net worth is reported to be over Rs 11,000 crore, made the announcement over the microblogging platform X, saying it is not the same Diwali as in the past. The industrialist, who is helming the multi-decade group having roots in textiles and branched out into newer ones like real estate, said Nawaz, a fitness trainer, and he were together for 32 years as a couple. The couple has two children and Singhania said they grew together in their years of companionship and were a source of strength for each other. "We traversed with commitment, resolve, faith as along came the two most beautiful additions of our lives," he wrote. The announcement came minutes after a video surfaced online which purportedly shows Nawaz allegedly not being allo
Singhania also criticised the carmaker for failing to return his representatives' calls for over a week, questioning the level of customer service provided
Singhania said unlike traditional restoration facilities that often take years to complete projects, GS Design will deliver the car within three months with full restoration
Real estate firm Raymond Realty's commitment and on-time delivery of houses has "silenced critics", Raymond Group Chairman and MD Gautam Singhania said. He was speaking at a function here to hand over possession of 900 flats to buyers. Singhania said people did not believe the company when it embarked on a journey to build world-class housing for the masses. "...for many years people said 'yeh Raymond kon hai, yeh kya ghar banayega (Who is Raymond, how will it make homes?). In 2019 we embarked on the journey when we said we want to deliver world class housing, affordable luxury for the masses of India... "Raymond is a brand which has touched lives of millions and millions of people with the fabric they weave. From the taxi driver to the top, everybody is wearing Raymond," he added. "When we started, everybody said give them six months they will fail. Give them one year they will fail. After 18 months and the buildings came up, I put up a picture on the internet and Instagram in wh
Raymond's sales rise 15% in September quarter versus pre-Covid period
Gautam Singhania had filed the suit in September 2018 seeking an injunction on the proposed book, and also sought a copy of the book's manuscript
If elected, Singhania will become a member of the FIA World Motor Sports Council Board and will represent the FMSCI as its Titular