“With profound grief and deep sorrow, we inform the passing of Padma Bhushan Dr Vijaypat Kailashpat Singhania. A visionary leader, philanthropist, and an inspiring personality, whose legacy will continue to guide and inspire generations,” announced Gautam Singhania on the microblogging platform ‘X’.
Vijaypat Singhania, former chairman of the Raymond Group, died at the age of 87 on March 28, 2026. His contributions to the textile industry were monumental, transforming Raymond into a leading brand in India.
Born on October 4, 1938, in Kanpur, Vijaypat was not only a business leader but also a recipient of the prestigious Padma Bhushan award. He held a world record for the highest altitude achieved in a hot air balloon, showcasing his adventurous spirit.
For two decades, he led the Raymond Group until 2000, after which he transferred his entire 37 percent stake in the company to his son, Gautam. This transition was marked by a family-business succession crisis that highlighted the complexities of their relationship.
His last rites were performed on March 29, 2026, attended by prominent figures including Deputy Chief Minister Eknath Shinde, reflecting the high regard in which he was held.
Devendra Fadnavis remarked, “His contribution to the textile industry, his philanthropy and adventurous spirit will continue to inspire generations together.” Varsha Gaikwad expressed her sadness, stating, “Saddened by the passing of Dr. Vijaypat Singhania, former Chairman of the Raymond Group, former Sheriff of Mumbai, and a towering figure of Indian industry.”
Nawaz Modi Singhania, who described him as “father-like,” added, “He was one of the greatest men I will ever have the honour of knowing.”
Vijaypat Singhania’s legacy is expected to endure through the continued success of the Raymond Group and the impact he made on the textile industry.
Details remain unconfirmed regarding the future direction of the Raymond Group under Gautam Singhania’s leadership following this significant loss.
