Gautam Hari Singhania has been the Chairman and Managing Director of the Indian textile conglomerate Raymond Group since 2000, having taken over from his father, Vijaypat Singhania, who led the company from 1980–2000. The company, founded in 1925, has undergone significant restructuring, or "Raymond 2.0," under Gautam's leadership.
Raymond Lifestyle has appointed Satyaki Ghosh as its new CEO, effective January 19, 2026. Ghosh brings over 25 years of extensive experience from leadership roles in FMCG, textiles, and retail sectors, including his recent tenure at the Aditya Birla Group.
Vijaypat Singhania. Vijaypat Singhania (born 1938) is a businessman and aviator from India. A member of the prominent Singhania family, he is well-known as a textile magnate, having been chairman and managing director of the Raymond Group from 1980–2000.
It was in the year 2015, when Vijaypat Singhania handed over the company, Raymond worth Rs. 12,000 crores to his younger son, Gautam Singhania. Along with that, he also transferred his 37 per cent stake in the company worth Rs. 1000 crores to Gautam.
Today, Vijaypat Singhania, once at the helm of a billion-dollar empire, lives in a rented flat. After the family fallout and losing control of his assets, the man who once enjoyed a lavish lifestyle finds himself living a quiet, modest life at 86.
MEET OLIVIER BERNHEIM CEO AND PRESIDENT OF RAYMOND WEIL Genève - SWISS LUXURY WATCHES
Why was Vijaypat Singhania thrown out?
Vijaypat has accused son Gautam of “high-handed conduct” and said two Raymond employees, Jitender Agarwal and RK Ganeriwala, who handled documents for him have gone missing with no access to documents. His complaint hinted that this was all orchestrated by Gautam.
Anil Ambani's new home on Pali Hill, Bandra, as seen today. Early this month, the Enforcement Directorate (ED) attached this property along with many others worth Rs 3,000 crore belonging to his companies.
What happened between Gautam Singhania and his wife?
Singhania, on November 13, announced a split from his wife Nawaz Modi, a popular fitness coach, on social media. However, soon after, videos emerged of Nawaz Modi being shut out of a conmpany's Diwali party, and days after, she publicly accused Singhania of physically assaulting her and her daughter.
How Does Gautam Singhania's Compensation Compare With Similar Sized Companies? At the time of writing our data says that Raymond Limited has a market cap of ₹48b, and is paying total annual CEO compensation of ₹94m.
Vijaypat Singhania was once wealthier than Mukesh Ambani, Gautam Adani, and even Ratan Tata. He built an empire and lived a life of power and prestige but today, at 86, he lives alone in a rented apartment, with no fortune left to his name.
1) Gautam Singhania's vitiligo diagnosed at a young age, worsened at 31,The industrialist behind Raymond Group showed early signs of vitiligo in his youth, which dramatically intensified around age 31 after a medication mishap. By then, patches covered nearly his entire body.
Still proudly owned by the Raymond family, The Raymond Group employs hundreds of laborers, artisans and professionals. These are the hands that build and finish each detail of often challenging interior and exterior projects . They are the hands that continue to build our company.
Prominent families with the Singhania name, like the industrialist JK Singhania family, are known for being part of the Agarwal or Marwari Vaishya communities.
Vijaypat Singhania, a prominent figure in Indian business and the former chairman of the Raymond Group, experienced a significant decline in his financial status, transitioning from immense wealth to residing in a rented home. He was instrumental in establishing Raymond as a global fashion brand.
Vijaypat Singhania's current net worth is estimated to be around ₹92.4 lakh, as of June 30, 2025 ¹. However, his net worth has fluctuated significantly over time. In 2023, his net worth was estimated to be between $500 million to $800 million ².
Gautam Singhania. Gautam Hari Singhania (born 9 September 1965) is an Indian billionaire industrialist. He is the chairman and managing director of the Raymond Group, the world's largest producer of suiting fabric.
How much money does Frank Siller make from tunnels to towers?
While he leads the Tunnel to Towers Foundation a nonprofit organization that has raised hundreds of millions of dollars for charitable causes Siller does not take a salary from the foundation emphasizing his dedication to service over personal financial gain.
The couple has a daughter named Niharika (born 10th December 2005) He has suffered from vitiligo (loss of skin pigmentation) since a young age. Its progression accelerated when he was in his early 30s, as a side effect of medication. Gautam Singhania's father gave him 27% of the company as per family understanding.
In 2015, he handed over his 37% stake in Raymond to his son, Gautam Singhania. Their relationship soured, leaving Vijaypat ousted from the family home. Today, he lives in a rented apartment, far from his billionaire past.
Yami Gautam was born in a Hindu Brahmin family in Bilaspur, Himachal Pradesh and was brought up in Chandigarh. Her father Mukesh Gautam is a Punjabi film director. He is the chief advisor of PTC Network. Her mother is Anjali Gautam.
Mukesh Ambani's Stoke Park: A Lavish British Estate In addition to their $2 billion Antilia residence in Mumbai, Mukesh and Nita Ambani own Stoke Park, a stunning 300-acre estate in the UK, purchased in April 2021 for Rs 592 crore.
Reliance Communications, led by Anil Ambani, faced debts of nearly ₹49,000 crore to 53 banks. The National Company Law Tribunal (NCLT) approved a settlement of just ₹455 crore, less than 1% of the original liability, through the insolvency process.
Antilia. Antilia is the world's most expensive private residence owned by Mukesh Ambani and situated in Mumbai, India. This architectural masterpiece reflects unparalleled luxury. The reported cost of Antilia is more than $2 billion.
