Latest news with #VijaypatSinghania
Indian Express
28-05-2025
- 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.
India.com
28-04-2025
- Business
- India.com
Meet man, was once richer than Mukesh Ambani, Gautam Adani, Ratan Tata, Narayana Murthy, had luxurious house, now lives in a rented flat due to…, name is…
Vijaypat Singhania, the former chairman of Raymond Group Meet man, was once richer than Mukesh Ambani, Gautam Adani, Ratan Tata, Narayana Murthy: Vijaypat Singhania was born into the prestigious Singhania family. He led the famous Raymond Group from 1980 to 2000 and became a global powerhouse in the textile and fashion industry. Most interestingly, there was a time when Vijaypat Singhania, the former chairman of Raymond Group, was counted among India's wealthiest but now, the times have no changed and he now lives in a rented apartment. Here are all the details you need to know about Vijaypat Singhania and his journey. Who is Vijaypat Singhania? Once upon a time, Vijaypat Singhania was even ahead of Mukesh Ambani, Ratan Tata, Narayana Murthy and Gautam Adani in terms of wealth. However, life took an unexpected turn, and as of today, Singhania lives in a modest rented apartment. Reports suggest that after his uncle's death, Singhania encountered internal strife, with his cousins vying for control of the company. However, the most intense conflict emerged later when he chose to split his business between his two sons, Madhupati and Gautam Singhania. How Vijaypat Singhania's empire declined! Madhupati eventually relocated to Singapore, while in 2015, Vijaypat transferred his 37% stake in Raymond to his younger son, Gautam. Their relationship quickly deteriorated afterward, resulting in Vijaypat being forced out of the family home and facing financial difficulties. Apart from his business skills, Singhania is a celebrated aviator and was inspired by the legend JRD Tata. Vijaypat received India's third-highest civilian award, the Padma Bhushan, in 2006, and was honored as an Honorary Air Commodore by the Indian Air Force in 1994. Due to his famous achievements, Vijaypat Singhania received a honorary Ph.D. from the London Institute of Technology & Research. Vijaypat Singhania's legacy Despite the many highs and lows, Vijaypat Singhania's legacy as the visionary who turned Raymond into a household name endures.
India.com
28-04-2025
- Business
- India.com
Meet Man, Once Wealthier Than Mukesh Ambani And Gautam Adani Now Lives In Rented Apartment Due To...
photoDetails english 2892459 Updated:Apr 28, 2025, 04:36 PM IST Once Richer Than Ambani and Adani! 1 / 8 There was a time when Vijaypat Singhania, the former chairman of Raymond Group, was counted among India's wealthiest, even ahead of Mukesh Ambani and Gautam Adani. However, life took an unexpected turn, and today, he lives in a modest rented apartment, far from the luxury he once enjoyed. The Man Who Built Raymond 2 / 8 Born on October 4, 1938, Vijaypat Singhania played a major role in transforming Raymond from a small textile mill into a global fashion powerhouse. He led the group from 1980 to 2015, expanding its reach across international markets and making it a household name in India. The Turning Point in His Life 3 / 8 In 2015, Vijaypat decided to step down and hand over the leadership of Raymond Group to his son, Gautam Singhania. As part of the transition, he also generously gifted his entire 37% stake in the company to Gautam — a decision that would later have painful consequences for him. A Father-Son Relationship Gone Sour 4 / 8 What started as a smooth succession plan soon turned into a bitter family feud. By 2017, Vijaypat accused Raymond Ltd of failing to hand over a promised luxurious duplex apartment in Mumbai's iconic JK House. The trust between father and son began to crumble, leading to public disputes. Fall From Grace 5 / 8 In a further blow, Vijaypat Singhania was stripped of his title as chairman emeritus of Raymond in 2018. Once the face of the brand, he found himself sidelined and isolated, watching from a distance as the empire he helped build continued to flourish without him. A Life of Achievements Beyond Business 6 / 8 Apart from his business successes, Vijaypat has an adventurous spirit. He set world records in aviation, including a remarkable microlight flight, earning the Tenzing Norgay National Adventure Award in 2001. In 2006, he was honored with the Padma Bhushan, India's third-highest civilian award. From Author to Aviator 7 / 8 Vijaypat Singhania has also made his mark as an author, penning books about his life experiences, including his love for flying. His achievements were further recognized when he received an honorary Ph.D. from the London Institute of Technology & Research. Raymond Group Today 8 / 8 Despite the family feud, Raymond Group continues to thrive under Gautam Singhania's leadership. With interests across textiles, real estate, and engineering, Raymond remains a strong player in both domestic and global markets, currently valued at around Rs 9,478 crore.
