Latest news with #RaymondGroup
Hindustan Times
3 days ago
- Automotive
- Hindustan Times
Gautam Singhania meets Prince Albert of Monaco. What the royal told Indian billionaire
Indian billionaire Gautam Singhania met Prince Albert II of Monaco recently and shared a picture with the European royal on Instagram. Singhania, a motorsport enthusiast and car racer, had been in Monaco for the Grand Prix. Besides serving as the chairman of Raymond Group, Gautam Singhania, 59, is also the founder of the Super Car Club and has participated in international racing events, including the Ferrari Challenge series. He was seen cheering for Kush Maini as Maini became the first Indian to win the Formula 2 Sprint Race at the Monaco Grand Prix. On May 31, Gautam Singhania took to Instagram to share a photograph that shows him posing with Prince Albert II of Monaco. The two apparently met on the sidelines of the Monaco Grand Prix. Singhania was seen dressed in an ornate, embellished navy blazer, white trousers and shoes bearing the design of a lion. The European royal, on the other hand, wore a more sedate outfit - beige trousers, navy blazer and formal shoes. Singhania revealed that his outfit was from Raymond's Chairman's Collection, which was unveiled in March 2025 to celebrate 100 years of Raymond. A post shared by Gautam Singhania (@gautamsinghania99) In the image caption, the chairman of Raymond revealed that Prince Albert praised his outfit. 'An absolute honour to meet H.S.H. Prince Albert II of Monaco. Grateful for the warm conversation and his kind words on the Chairman's Collection I was wearing. A true moment of pride,' he wrote. Gautam Singhania is the chairman and managing director of Raymond Group, the world's largest producer of suiting garments. According to Forbes, Singhania has a net worth of USD 1.4 billion. Singhania was born to Vijaypat Singhania in a Marwari industrialist family. He is known to be passionate about racing cars and owns an impressive collection of supercars. For the last couple of years, he has been in the news for his private life - Singhania announced his split with Nawaz Modi, his wife of 32 years, just a few days after she was allegedly stopped from entering the billionaire's Diwali party in 2023.
Indian Express
7 days ago
- Entertainment
- Indian Express
‘He threw a pencil at me': Arjan Bajwa recalls ex-Raymond chairman, producer Vijaypat Singhania launching him; how he weathered feud with son Gautam Singhania
Actor Arjan Bajwa recently spoke about his association with Vijaypat Singhania, ex-Chairman and Managing Director of the Raymond Group. The actor recalled his first meeting with the business tycoon on the sets of his debut Hindi film Woh Tera Naam Tha, which marked Vijaypat Singhania's first production venture. In a recent interaction, Arjan also shared the deep bond he shares with Singhania, a relationship that has continued to this day, despite the latter facing a tough time after his fallout with his son Gautam Singhania. Speaking to Siddharth Kannan about his first encounter with Vijaypat Singhania, Arjan shared, 'During the audition of Woh Tera Naam Tha, I was standing in front of the camera and was surrounded by people who were telling me what to do, and I see a man standing behind the camera and I am trying to figure out where have I seen him before? He was standing, wearing a safari suit and smiling at everyone. I thought to myself, 'Is that Vijaypat Singhania?' I was thinking what is he doing at auditions.' He went on to say, 'Somebody then made me meet Vijaypat Singhania and I got to know that he is the producer of the film. I was confused as to why is he producing our film? Then I got to know that he has entered film production and this film is his debut as a producer. Then I realised this a big team.' Recalling their first conversation and how Singhania schooled him, Arjan shared, 'Vijay ji asked me where all I have travelled and I told him. He is a very intelligent man. He asked me where is Monaco? And I thought he is asking about Macao. I told him 'near Hong Kong' and he had a pencil in his hand and he threw that pencil at me. I got scared. Then I realised he has a lot of knowledge and we started talking about the world, travel and aviation. We would sit for hours and talk while the shoot was on. He would draw diagrams for me, so a lot that I know about aviation is because of him.' For the unversed, Vijaypat Singhania had a feud with his son Gautam Singhania after he gifted his entire 37.17 percent stake in Raymond to him in 2015. However, in 2017, tensions between the two arose after Vijaypat Singhania alleged being denied possession of the duplex at JK House, the Singhania family-owned property in South Mumbai. A report in The Economic Times claimed that Vijaypat Singhania had to live in rented accommodation in Mumbai, and that the once-prominent industrialist no longer owned a car or had a driver. Despite Vijaypat Singhania's strained relationship with his son, Arjan revealed that he has stayed in touch with the veteran industrialist. He shared, 'I think everybody knows about it but considering that it is a family matter, I leave it at that. He is doing good, I went to his house, I keep visiting him. A while back I had asked him something about aviation and he took my class for one hour, explaining me things on paper.' When asked if Vijaypat Singhania gets emotional after his fallout with his son, Arjan responded, 'No, he is a very strong man.'
India.com
27-05-2025
- Business
- India.com
Meet man who was once as rich as Mukesh Ambani, lived in luxurious house, owned Rs 120000000000 company, now living on rent, says his biggest mistake…
(Photo from 'An Incomplete Life: The Autobiography') New Delhi: In business and life, you never know when something will happen. That's why it is said that no matter how much you earn, you should have a simple house to live in and enough money to sustain yourself for several years. Every person engaged in business should keep this portion of money completely separate for themselves. Today's story is about a businessman who made his presence felt in every household across the country through his brand. He was so wealthy that he could overshadow today's Mukesh Ambani. But now, he is in need of every single penny. The business was started in 1940 by Vijaypat Singhania, the owner of Raymond. In 1940, Kailashpat Singhania purchased a textile mill in Thane, Maharashtra, and renamed it Raymond Mill. Focusing on fabric, he initially produced inexpensive clothing and opened Raymond's first showroom in Mumbai in 1958. Gradually, Raymond's business flourished to a worth of Rs 12,000 crore, and at least during wedding occasions, Raymond's fabric was found in every household across the country. In 1986, the company launched a perfume brand named Park Avenue alongside its fabric. The Raymond Group played a significant role in becoming a global brand. The founder of the Raymond Group, Kailashpat Singhania, handed over the reins of the company to his nephew, Vijaypat, in 1980. Vijaypat Singhania was the former chairman and managing director of the Raymond Group. Vijaypat played a crucial role in turning the Raymond Group into a global brand. A mistake by Vijaypat Singhania took everything away. Having expanded the business internationally, Vijaypat Singhania transferred all shares of Raymonds to his son, Gautam Singhania, in 2015 when they were worth Rs 1000 crores. Handing everything over to his son proved to be a mistake. After that, there was a dispute between Vijaypat Singhania and his son Gautam Singhania regarding a flat. Their relationship soured, and the dispute escalated to the point where Gautam made his father homeless. Vijaypat Singhania left his luxurious home, the 37-storey JK House in Malabar Hills in Mumbai. Out of necessity, he is now living in a rented place in the Grand Paradi Society in South Mumbai. The facilities of a car and driver have also been taken away from Vijaypat Singhania. He says he made biggest mistake by passing on all the property to his son.
Fashion Network
08-05-2025
- Business
- Fashion Network
Raymond Group's Gautam Hari Singhania calls for Khadi promotion, optimistic about Indian textile industry growth
Raymond Group's chairman and managing director Gautam Hari Singhania highlighted the importance of promoting khadi and harnessing India's textile legacy to drive future growth at the recent India @2047 Summit hosted by ABP Network. Speaking on the theme 'The Fabric of India: Strength and Sustainability,' Singhania reflected on the country's historical role in global textile trade. 'Khadi needs more push," said Singhania, the business reported in a press release. "There is so much talent in that space. I admire what they are doing... I also think the mindset around ethnic wear is changing, we are finally starting to wear our own with pride.' Singhania also emphasised the present opportunity for India in global textile trade. 'This is the most opportune time for the Indian textile industry," said the executive. "We just need to stay one step ahead." Singhania cited global shifts and increasing sourcing challenges faced by countries like China as further opportunities for growth. Marking Raymond's centenary, Singhania shared, 'Raymond completes 100 years this year. Our fabrics travel to 55 countries today, representing the modern era of India's manufacturing strength... Raymond is a national asset. We nurture the brand like we would a child.' Singhania concluded his speech with a broader industry outlook: 'India ranks fifth globally in the textile segment and the industry is the second-largest employer in the country. We have all the right elements to become a global textile powerhouse.'
Fashion Value Chain
07-05-2025
- Business
- Fashion Value Chain
Gautam Singhania at India @2047: 'India Can Lead Global Textiles'
Speaking at ABP Network's India @2047 Summit, Gautam Hari Singhania, Chairman and MD of Raymond Group, underscored India's unmatched potential to become a global textile leader, citing the ongoing tariff war as an opportunity India must seize. 'This is the most opportune time for the Indian textile industry,' Singhania said during a session titled 'The Fabric of India: Strength and Sustainability.' He emphasized India's rich heritage—from Dhaka's muslin to khadi—and called for a stronger push for indigenous fabrics and a change in mindset around ethnic wear. Reflecting on Raymond's 100-year journey, he remarked, 'Raymond is a national asset. From ₹300 to ₹10 lakh per meter—we serve everyone, from the taxi driver to Mr. Tata.' He shared that Raymond's fabrics now reach 55 countries, reinforcing India's manufacturing credibility. Addressing global supply chain shifts, Singhania noted: 'Walmart sources 60% of its goods from China. As trade tensions rise, India must step up with a resilient, scalable supply chain.' He added, 'We're already the third-largest garment maker—we aim to be first.' On the brand's expansion into real estate, he explained that high costs in cities like Mumbai made manufacturing unviable, and diversification was a natural response to market realities. He concluded by emphasizing sustainability, employment, and India's global ambitions, stating, 'We have everything needed to become a textile superpower.'
