“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.

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Vijaypat Singhania died in Mumbai at the age of 87, marking the end of an era for the Raymond Group he once led.

As the former chairman, Singhania transformed Raymond into a global fashion powerhouse, expanding its reach into synthetic fabrics, denim, steel, and cement.

He held a world record for the highest altitude achieved in a hot air balloon, soaring to 69,000 feet, and set a speed-over-time endurance record for microlight aircraft in 1988.

Singhania, who was awarded the Padma Bhushan, served as chairman of the governing council of the Indian Institute of Management, Ahmedabad, from 2007 to 2012.

In 2000, he transferred his entire 37 percent stake in the company to his son, Gautam Singhania, ensuring the family’s legacy continued.

His contributions to aviation were recognized when he was appointed honorary air commodore by the Indian Air Force in 1994.

In 2006, he took on the ceremonial role of sheriff of Mumbai, further cementing his status as a prominent figure in the city.

Raymond Group described him as “a visionary leader, philanthropist, and an inspiring personality, whose legacy will continue to guide and inspire generations.”

Singhania’s journey began when he took over the Raymond Group in 1980, and his impact on the textile industry remains profound.

Details remain unconfirmed regarding the circumstances of his passing, but his legacy is expected to resonate in the business community for years to come.

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