“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 social media.
Vijaypat Singhania, who passed away 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, transforming it into a leading brand.
Born on October 4, 1938, in Kanpur, Vijaypat was not only a business magnate but also a record-holder for the highest altitude achieved in a hot air balloon. His adventurous spirit and contributions to the textile sector earned him the Padma Bhushan award, one of India’s highest civilian honors.
His death marks a significant moment for the Raymond Group, especially as he had transferred his 37 percent stake in the company to his son Gautam, amidst a family-business succession crisis.
The last rites for Vijaypat Singhania were performed on March 29, 2026, with prominent figures in attendance, including Deputy Chief Minister Eknath Shinde. The funeral reflected his impact on both business and society.
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 who recognized his influence.
Varsha Gaikwad expressed 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, reflecting on their relationship, said, “He was father-like to me, was one of the greatest men I will ever have the honour of knowing.”
As the Singhania family navigates this loss, the legacy of Vijaypat Singhania will undoubtedly continue to resonate within the textile industry and beyond.
