Veteran industrialist Vijaypat Singhania, former chairman of the Raymond Group, passed away in Mumbai at the age of 87. His death marks the loss of a prominent figure who played a key role in shaping India’s modern textile industry.
Singhania led the Raymond Group for two decades, during which he transformed it into a globally recognized brand. Under his leadership, the company expanded beyond its traditional woollen business into diverse segments such as apparel, engineering, and international markets. His strategic vision helped Raymond emerge as a leading name in men’s fashion and textiles.
Apart from his achievements in business, Singhania was also known for his passion for aviation. He gained international attention for his record-breaking balloon flights and contributions to the field of flying. In recognition of his contributions to industry and aviation, he was awarded the Padma Bhushan in 2006.
Singhania also contributed to industrial development in smaller regions. His efforts to establish manufacturing facilities outside major cities helped create jobs and supported regional economic growth, especially in parts of central India.
In 2015, he stepped down from active leadership, handing over control of the Raymond Group to his son, Gautam Singhania. In later years, he remained in the public spotlight due to a family dispute over property and business matters.
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