“With profound grief and deep sorrow, we inform the passing of Padma Bhushan Dr Vijaypat Kailashpat Singhania. A visionary leader, philanthropist, and an inspiring personality, whose legacy will continue to guide and inspire generations,” announced Gautam Singhania on March 28, 2026.

Vijaypat Singhania, who passed away at the age of 87, was a towering figure in the Indian textile industry and served as the chairman of the Raymond Group for two decades until 2000. His leadership transformed Raymond into a leading brand, and he was recognized for his contributions with the prestigious Padma Bhushan award.

Born on October 4, 1938, in Kanpur, Vijaypat was not only a businessman but also an adventurer, holding a world record for the highest altitude achieved in a hot air balloon. His adventurous spirit and philanthropic efforts left a lasting impact on many.

The relationship between Vijaypat and his son Gautam was complex, marked by a family-business succession crisis. Despite the challenges, Gautam took over a 37 percent stake in the company, which his father had transferred to him.

His last rites were performed on March 29, 2026, in Mumbai, attended by prominent figures including Deputy Chief Minister Eknath Shinde. The funeral was a testament to his influence, drawing many who admired his contributions to the textile industry.

Devendra Fadnavis remarked, “His contribution to the textile industry, his philanthropy and adventurous spirit will continue to inspire generations together.” This sentiment was echoed by others, including Varsha Gaikwad, who expressed sadness at the loss of such a significant figure in Indian industry.

Nawaz Modi Singhania, reflecting on their relationship, stated, “He was father-like to me, was one of the greatest men I will ever have the honour of knowing.” Such tributes highlight the profound impact Vijaypat Singhania had on those around him.

As the news of his passing reverberates through the industry and beyond, the legacy of Vijaypat Singhania continues to be celebrated, ensuring that his contributions will not be forgotten.

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Vijaypat Singhania, the former chairman of the Raymond Group, died in Mumbai at the age of 87. His passing marks the end of an era for one of India’s most prominent business figures, who transformed Raymond into a global fashion powerhouse.

Singhania, who led the company for two decades until 2000, was known for his visionary leadership and innovative strategies. Under his guidance, Raymond expanded into various sectors, including synthetic fabrics, denim, steel, industrial files, and cement.

He was not only a successful businessman but also a recognized adventurer, holding a world record for the highest altitude achieved in a hot air balloon, reaching 69,000 feet. His adventurous spirit was further exemplified when he set a speed-over-time endurance record for microlight aircraft in 1988.

In addition to his business achievements, Singhania was honored with the Padma Bhushan, one of India’s highest civilian awards, and was made an honorary air commodore by the Indian Air Force in 1994. He also served as the sheriff of Mumbai in 2006, showcasing his commitment to public service.

Singhania transferred his entire 37 percent stake in the Raymond Group to his son, Gautam Singhania, ensuring the continuation of his legacy within the family. He was appointed chairman of the governing council of the Indian Institute of Management, Ahmedabad, from 2007 to 2012, further contributing to education and leadership in India.

His contributions to the business world and his adventurous pursuits have left an indelible mark. The Raymond Group issued a statement describing him as “a visionary leader, philanthropist, and an inspiring personality, whose legacy will continue to guide and inspire generations.”

Singhania’s death is a significant loss to the Indian business community, and observers are reflecting on his extensive contributions and the values he instilled in the organizations he led.

Details remain unconfirmed regarding any upcoming tributes or memorials planned in his honor.

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