“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.

The post Gautam Singhania Announces the Death of His Father Vijaypat Singhania appeared first on berightnews.

Vijaypat Singhania died in Mumbai at the age of 87, leaving behind a legacy as a transformative leader in the Indian textile industry. As the former chairman of the Raymond Group, he played a pivotal role in expanding the company into a global fashion powerhouse.

Singhania, who led Raymond for two decades until 2000, was known for his innovative approach, which included diversifying into synthetic fabrics, denim, steel, industrial files, and cement. He transferred his entire 37 percent stake in the company to his son, Gautam Singhania, ensuring the family’s continued influence in the business.

A recipient of the Padma Bhushan, Singhania was also recognized for his adventurous spirit, holding a world record for the highest altitude achieved in a hot air balloon at 69,000 feet. His contributions to aviation were further acknowledged when he was made an honorary air commodore by the Indian Air Force in 1994.

In addition to his business achievements, Singhania served as the chairman of the governing council of the Indian Institute of Management, Ahmedabad, from 2007 to 2012, and was appointed sheriff of Mumbai in 2006. His leadership and vision have left an indelible mark on both the corporate and educational landscapes of India.

Raymond Group expressed their condolences, stating, “A visionary leader, philanthropist, and an inspiring personality, whose legacy will continue to guide and inspire generations.” Singhania’s death marks a significant loss for the business community and those who knew him.

Details remain unconfirmed regarding the circumstances surrounding his passing, but his impact on the industry and the lives he touched will be remembered for years to come.

The post Vijaypat Singhania Passes Away at 87 appeared first on berightnews.