Vijaypat Singhania, former chairman of Raymond Group, passed away in Mumbai on Saturday evening at the age of 87, his family confirmed. Reported by Hindustan Times.
His son, Gautam Singhania, the current chairman and managing director of the group, announced the news in a post on X. According to a company spokesperson, Singhania passed away “peacefully” in Mumbai, and his last rites will be held on Sunday.
Led Raymond for Two Decades
A recipient of the Padma Bhushan, Vijaypat Singhania led the Raymond Group as chairman for two decades until 2000. During his tenure, he played a key role in shaping the company’s growth and stability, particularly during the pre-liberalisation era when India’s economic landscape was still evolving.
Taking charge as chairman and managing director in 1980, he steered the company through a period of significant transition, helping it remain resilient while many legacy brands struggled to adapt.
Under his leadership, Raymond expanded beyond its traditional textile business into sectors such as synthetic fabrics, denim, steel, industrial files, and cement.
In 2000, Singhania handed over leadership of the company to Gautam Singhania and transferred his entire 37 per cent stake to him. Despite stepping down, he continued to remain active in public life for several years.
Corporate Leader with a Passion for Adventure
Beyond his achievements in business, Singhania was widely known for his passion for aviation and adventure. He carved out a unique identity as an aviator, often pushing boundaries with high-risk feats.
His contributions earned him national recognition, including the Tenzing Norgay National Adventure Award. In November 2005, at the age of 67, he set a world record by ascending to nearly 69,000 feet in a hot air balloon.
Earlier, in 1988, he completed a solo microlight flight from London to New Delhi over 23 days, setting a speed-over-time endurance record. His passion and dedication to aviation were further acknowledged by the Indian Air Force, which conferred on him the honorary rank of Air Commodore in 1994 after he logged over 5,000 flying hours.
In 2006, he was also appointed Sheriff of Mumbai, adding another notable role to his distinguished career.
Later Years
In recent years, Singhania had largely stayed away from the public eye. He and Gautam Singhania were involved in legal disputes in the past, though the matter was eventually resolved.
Vijaypat Singhania’s legacy remains defined by his contributions to Indian industry and his adventurous spirit, which set him apart both in the corporate world and beyond.
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