“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 the microblogging platform ‘X’.

Vijaypat Singhania, who died at the age of 87, was a towering figure in the Indian textile industry and served as the former chairman of the Raymond Group for two decades until 2000. His contributions were recognized not only through his leadership but also by receiving the prestigious Padma Bhushan award.

Born on October 4, 1938, in Kanpur, Vijaypat transformed Raymond into a leading brand, significantly impacting the textile landscape in India. His adventurous spirit was exemplified by holding a world record for the highest altitude achieved in a hot air balloon.

Despite his successes, his later years were marked by a family-business succession crisis with his son Gautam, who eventually took over a 37 percent stake in the company.

Vijaypat’s last rites were performed on March 29, 2026, attended by prominent figures including Deputy Chief Minister Eknath Shinde. His funeral was a testament to the respect he garnered throughout his life.

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, including Varsha Gaikwad, who expressed her sadness over the loss of such a significant figure in Indian industry.

Nawaz Modi Singhania, reflecting on their relationship, stated, “He was father-like to me, was one of the greatest men I will ever have the honour of knowing.” Such tributes highlight the profound impact Vijaypat had on those around him.

As the industry and his family navigate this loss, Gautam Singhania’s leadership will be crucial in carrying forward his father’s legacy, ensuring that the values and vision of Vijaypat Singhania continue to inspire future generations.

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Vijaypat Singhania, the former chairman of the Raymond Group, passed away in Mumbai at the age of 87. His remarkable journey as a business leader and adventurer has left an indelible mark on both the corporate world and the realm of aviation.

Singhania took the reins of the Raymond Group in 1980, transforming it into a global fashion powerhouse. Under his leadership, the company expanded into various sectors, including synthetic fabrics, denim, steel, industrial files, and cement. He led the company for two decades until 2000, when he transferred his entire 37 percent stake to his son, Gautam Singhania.

His contributions to society were recognized when he was awarded the Padma Bhushan, one of India’s highest civilian honors. Singhania was also known for his adventurous spirit; he held a world record for the highest altitude achieved in a hot air balloon, soaring to 69,000 feet. In 1988, he set a speed-over-time endurance record for microlight aircraft.

Beyond his business achievements, Singhania served as the chairman of the governing council of the Indian Institute of Management, Ahmedabad, from 2007 to 2012, and was made an honorary air commodore by the Indian Air Force in 1994. His leadership extended to civic responsibilities as well; he was appointed sheriff of Mumbai in 2006.

In a statement, the Raymond Group described him as “a visionary leader, philanthropist, and an inspiring personality, whose legacy will continue to guide and inspire generations.” His passing marks the end of an era for the company and the community he served.

As observers reflect on his life, they recognize the profound impact Singhania had on the fashion industry and beyond. His innovative spirit and commitment to excellence will be remembered as a guiding light for future generations.

Details remain unconfirmed regarding the arrangements for his memorial services and how the Raymond Group plans to honor his legacy.

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