Ex-Raymond chairman Vijaypat Singhania dies at 87 in Mumbai. India Information
Former Raymond chairman Vijaypat Singhania died in Mumbai on Saturday night, his household confirmed in a press release.
The 87-year-old’s son Gautam Singhania, the group’s present chairman and managing director, introduced the dying in a social media publish on ‘X’.
Singhania handed away “peacefully” in Mumbai, and the final rites will probably be carried out on Sunday, a Raymond Group spokesperson mentioned.
Led Raymond for twenty years
A recipient of the Padma Bhushan, Vijaypat Singhania led Raymond as chairman for twenty years until 2000. After stepping down, he handed over the reins of the corporate to Gautam Singhania and transferred his complete 37 per cent stake within the agency to his son.
Other than his enterprise profession, Singhania was additionally a eager aviator and held a world file for the very best altitude gained in a sizzling air balloon.
Vijaypat Singhania and Gautam Singhania have been embroiled in authorized disputes some years in the past, although the problems have been later settled.
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