Raymond’s founder, Vijaypat Singhania, expressed his regrets about handing over his business entirely to the current Managing Director, Gautam Singhania, in an interview with Business Today. Vijaypat Singhania, who delegated authority to his son in 2015, revealed his disappointment, alleging that Gautam drove him out of his JK House building in South Mumbai in 2017.

Billionaire industrialist Gautam Singhania is facing personal challenges, with his estranged wife, Nawaz Modi Singhania, recently accusing him of physical abuse. In the aftermath of their divorce, Nawaz Modi Singhania reportedly demanded 75% of Gautam Singhania’s alleged $1.4 billion net worth for herself and their two daughters – Niharika and Nisa – as part of a family settlement, according to the Economic Times.

In an exclusive interview with Business Today, Vijaypat Singhania cautioned parents about giving their children everything, emphasizing the need for careful consideration. He admitted to making a ‘stupid’ mistake by handing over everything to his son and highlighted that Gautam initially agreed to give him some parts of the company but later reneged on the agreement.

Vijaypat Singhania shared his predicament, stating that he has nothing left in the business and survives on what was left by mistake. He expressed the belief that Gautam would be pleased to see him on the streets, given the contentious history that includes ejecting his father and wife from their respective positions.

On November 13, billionaire Gautam Singhania announced his separation from his wife Nawaz, citing a decision to pursue different paths. The chairman and managing director of Raymond Ltd, Singhania, 58, had married Nawaz Modi in 1999 after an eight-year courtship. In social media posts, he acknowledged the challenging change and expressed his belief that both will pursue separate journeys.

“This Diwali is not going to be the same as many in the past,” said Gautam Singhania in his social media posts. He reflected on the 32 years as a couple, growing as parents and providing strength to each other, and expressed gratitude for the two beautiful additions to their lives.

Raymond’s founder, Vijaypat Singhania, expressed his regrets about handing over his business entirely to the current Managing Director, Gautam Singhania, in an interview with Business Today. Vijaypat Singhania, who delegated authority to his son in 2015, revealed his disappointment, alleging that Gautam drove him out of his JK House building in South Mumbai in 2017.

Billionaire industrialist Gautam Singhania is facing personal challenges, with his estranged wife, Nawaz Modi Singhania, recently accusing him of physical abuse. In the aftermath of their divorce, Nawaz Modi Singhania reportedly demanded 75% of Gautam Singhania’s alleged $1.4 billion net worth for herself and their two daughters – Niharika and Nisa – as part of a family settlement, according to the Economic Times.

In an exclusive interview with Business Today, Vijaypat Singhania cautioned parents about giving their children everything, emphasizing the need for careful consideration. He admitted to making a ‘stupid’ mistake by handing over everything to his son and highlighted that Gautam initially agreed to give him some parts of the company but later reneged on the agreement.

Vijaypat Singhania shared his predicament, stating that he has nothing left in the business and survives on what was left by mistake. He expressed the belief that Gautam would be pleased to see him on the streets, given the contentious history that includes ejecting his father and wife from their respective positions.

On November 13, billionaire Gautam Singhania announced his separation from his wife Nawaz, citing a decision to pursue different paths. The chairman and managing director of Raymond Ltd, Singhania, 58, had married Nawaz Modi in 1999 after an eight-year courtship. In social media posts, he acknowledged the challenging change and expressed his belief that both will pursue separate journeys.

“This Diwali is not going to be the same as many in the past,” said Gautam Singhania in his social media posts. He reflected on the 32 years as a couple, growing as parents and providing strength to each other, and expressed gratitude for the two beautiful additions to their lives.