“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 the microblogging platform ‘X’.

Vijaypat Singhania, who died at the age of 87, was a towering figure in the Indian textile industry. He served as the chairman of the Raymond Group for two decades until 2000, transforming it into a leading brand. His contributions were recognized widely, earning him the 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.

Gautam Singhania, who inherited a 37 percent stake in the Raymond Group from his father, has been involved in a family-business succession crisis with Vijaypat, highlighting the complexities of their relationship.

The last rites for Vijaypat Singhania were performed on March 29, 2026, in Mumbai. The funeral was attended by prominent figures, including Deputy Chief Minister Eknath Shinde, reflecting the respect and admiration he garnered throughout his life.

In addition to Gautam, other notable figures expressed their condolences. Devendra Fadnavis remarked, “His contribution to the textile industry, his philanthropy and adventurous spirit will continue to inspire generations together.” Varsha Gaikwad also shared her sorrow, stating, “Saddened by the passing of Dr. Vijaypat Singhania, former Chairman of the Raymond Group, former Sheriff of Mumbai, and a towering figure of Indian industry.”

Nawaz Modi Singhania, who referred to Vijaypat as a father-like figure, said, “He was one of the greatest men I will ever have the honour of knowing.” These sentiments reflect the profound influence Vijaypat Singhania had on those around him.

As the family navigates this significant loss, the legacy of Vijaypat Singhania will undoubtedly continue to shape the future of the Raymond Group and inspire future generations in the business world.

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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 the company he transformed into a global fashion powerhouse.

Singhania led the Raymond Group for two decades until 2000, during which he expanded the company into synthetic fabrics, denim, steel, industrial files, and cement. He was known for his visionary leadership and innovative strategies that propelled the brand to international recognition.

In addition to his business achievements, Singhania was a recipient of the Padma Bhushan, one of India’s highest civilian honors. He was also recognized for his adventurous spirit, holding a world record for the highest altitude achieved in a hot air balloon, reaching 69,000 feet.

His contributions extended beyond business; he served as chairman of the governing council of the Indian Institute of Management, Ahmedabad, from 2007 to 2012. In 1994, he was made an honorary air commodore by the Indian Air Force, reflecting his passion for aviation.

Singhania’s legacy includes his philanthropic efforts and his role as sheriff of Mumbai in 2006. He was known for his commitment to social causes, which further cemented his status as a respected figure in Indian society.

He transferred his entire 37 percent stake in the Raymond Group to his son, Gautam Singhania, ensuring the continuation of his vision for the company. Gautam has since taken on the role of chairman and is expected to uphold the values instilled by his father.

Raymond Group released a statement honoring Singhania, describing him as “a visionary leader, philanthropist, and an inspiring personality, whose legacy will continue to guide and inspire generations.” This sentiment reflects the profound impact he had on both the business world and the community at large.

Details remain unconfirmed regarding the circumstances surrounding his death, but the news has prompted an outpouring of tributes from colleagues and admirers alike.

As the industry reflects on his contributions, observers are left to consider how his legacy will influence future generations of business leaders and entrepreneurs.

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