Vijaypat Singhania, Padma Bhushan Awardee and Ex-MD of Raymond Group, Passes Away at 87
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Mumbai, March 28 (NationPress) Dr. Vijaypat Singhania, the former Managing Director of the Raymond Group and recipient of the prestigious Padma Bhushan, has passed away at the age of 87. His son, Gautam Singhania, shared the news through a post on X on Saturday. “With immense sadness, we announce the departure of Padma Bhushan Dr. Vijaypat Kailashpat Singhania,” Gautam Singhania stated.
He characterized his father as a “visionary leader, philanthropist, and inspiring figure whose legacy will undoubtedly influence future generations.”
The funeral service is scheduled for Sunday at Chandanwadi crematorium in Mumbai. “Family and friends are invited to gather at 1.30 pm at Haveli, L. D. Ruparel Marg on Sunday,” the post elaborated.
Vijaypat Singhania is celebrated as a monumental figure in Indian industry, having been instrumental in transforming the Raymond Group into a distinguished and lasting establishment.
Several years ago, Vijaypat and Gautam Singhania found themselves in legal disputes, though they were eventually resolved.
Born in 1938, Gautam is an esteemed Indian entrepreneur and aviator, leading the Raymond Group as its Chairman from 1980 to 2015, steering the company through several decades of growth and evolution.
Vijaypat Singhania served as chairman for 20 years until 2000. Upon his retirement, he transferred his 37 percent stake in the company to Gautam Singhania.
His significant contributions to industry and society were acknowledged with an honorary PhD from the London Institute of Technology & Research, and he was awarded the Padma Bhushan by the Government of India in 2006.
Moreover, he was appointed as an Honorary Air Commodore by the Indian Air Force in 1994 and was named Sheriff of Mumbai in 2006.