'Complete Man' no more: Former Raymond chairman Vijaypat Singhania passes away at 87

Vijaypat Singhania, former chairman and managing director of the Raymond Group and a well-known figure in India’s corporate world, passed away in Mumbai on Saturday night. Singhania was 87 years old and was admitted to a hospital a day ago after his health declined due to old-age problems. The last rites of Singhania will be performed on Sunday at Chandanwadi crematorium.

Who was Vijaypat Singhania?

Born into a well-known business family, Singhania has headed the company for over two decades and has transformed it into a conglomerate. The company, which was acquired by his family from ED Sassoon & Co in 1944 as a manufacturer of woollen blankets, has grown significantly under his leadership. Under his leadership, the company has expanded its presence in synthetic fabrics, denim, steel, industrial files, and cement, apart from reinforcing its image as one of India’s most recognised apparel brands.

Also Read | Son keeps mother 'alive' on paper, withdraws ₹44 lakh pension over seven years

During the later years of his tenure, some of the ventures of the group experienced financial stress due to an economic downturn, especially in the steel and cement sectors. These ventures were later divested. Singhania later handed over the leadership of the group to his son Gautam Singhania and took on the role of chairman emeritus.

Aviation passion and record feat

Outside the boardroom, Singhania was an avid enthusiast for aviation. A former sheriff of Mumbai, he pursued his passion for flying with considerable enthusiasm. In November 2005, when he was 67, he registered a world record by flying to 69,000 feet in a hot air balloon. His hot air balloon ride began from the racecourse in Mumbai and ended near Nashik, covering a distance in five hours in a pressurised capsule.

Also Read | Noida airport set for takeoff soon: Commercial operations to start in 60 days

Singhania is survived by his wife, Ashadevi, and his children, Gautam, Madhupati, and Shephali Ruia. His later years saw him having strained relationships within his own family, particularly with his son, Madhupati, over business issues and his other son, Gautam, over some of his assets.

Maharashtra CM, Devendra Fadnavis, shared his heartfelt condolences. Taking to X, he wrote, "Deeply saddened to know about the demise of former Chairman of Raymond Group, Padma Bhushan Dr. Vijaypat Singhania ji. His contribution to the textile industry, his philanthropy and adventurous spirit will continue to inspire generations together. ‘Raymond - The Complete Man’ is not just a tagline we all grew up with, but has set many trends - right from quality and perfection in entrepreneurship to communication and brand. I offer my humble tributes to the man who set the legacy called ‘Raymond’ Group. And deepest condolences to his family, friends and admirers. ॐ शान्ति."