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Vijaypat Singhania's Tragic Life: Built Raymond, Betrayed By His Son For Rs. 12000 Cr, Lives On Rent

Vijaypat Singhania and Gautam Singhania are a father-son duo, and their story has not solely alerted dad and mom internationally however has confirmed that we’re certainly residing in Kalyug (the age of downfall). On one facet, we have now Bollywood motion pictures like Wake Up Sid!, Patiala House, Apne, Waqt: Race Against Time, Paa and plenty of others, which showcase the real love between a father and son regardless of the complexities of their bond.

However, alternatively, we have now Vijaypat Singhania and Gautam Singhania‘s feud that has taught dad and mom to suppose thrice earlier than giving all the things to their youngsters. If you have been residing beneath a rock, it is excessive time to study Vijaypat Singhania and his tragic journey from being considered one of India’s greatest enterprise magnates to now residing in a rented home.

Recommended Read: Billionaire Gautam Singhania’s Luxurious Life: From Expensive Cars To Rs. 600 Crore Worth Skyscraper

Vijaypat Singhania’s father, Lala Kailashpant Singhania bought Raymond in 1944

Vijaypat Singhania Tragic Story Raymond Gautam Fight Betrayed Rs 12000 Crore Rented Home

Well, earlier than we unfold the heartbreaking story of Vijaypat Singhania, listed here are some issues that you could know in regards to the entrepreneur, who as soon as had internet value of Rs. 12,000 crores. For the unversed, Vijaypath Singhania was born on December 19, 1938, and 5 years after his beginning, his father, Lala Kailashpat Singhania bought Raymond. According to the official web site of the Raymond Group, a small woollen mill was arrange in Mumbai’s Thane space again in 1925.


The textile mill was producing low-cost woollen clothes and blankets. Although it was a small mill, however Lala Kailashpant Singhania bought it from E.D. Sassoon & Co. within the yr 1944 with the imaginative and prescient to dominate the Indian textile business. After India’s Independence in 1947, Lala Kailashpant Singhania began manufacturing at a model new unit, JK Files, which was reportedly part of the J.Okay. Organisation.

After Lala Kailashpant Singhania’s demise, it was his cousin, Gopal Krishna Singhania, who took over the Raymond Group. Keeping the ideologies and imaginative and prescient of his late cousin intact and working, Gopal Krishna Singhania handed the baton to Lala Kailashpant Singhania’s son, Vijaypat Singhania in 1980. Under Vijaypat Singhania’s management, Raymond Group thrived in a collection of latest areas and completely different industries. From polyester filament yarn, prophylactics, and constitution providers to indigo denim and cold-rolled metal, Vijaypat Singhania reworked Raymond Group into considered one of India’s greatest conglomerates.


By the yr 1984, Raymond Group had develop into the pioneer in washable wool and wool mixing suiting, courtesy of their stain-proof material and total-easy care material. Not solely this, Vijaypat Singhania opened the primary Raymond showroom exterior India in 1990. He additionally launched Park Avenue, which went on to develop into a outstanding identify within the FMCG market. Apart from Raymond Group’s enlargement, Vijaypat Singhania additionally labored on the model’s picture as Raymond got here up with the taglines ‘The Complete Man’ and ‘Feels Like Heaven’ beneath him.

Vijaypat Singhania handed Raymond value Rs. 12000 crores to his youthful son, Gautam Singhania


It was within the yr 2015, when Vijaypat Singhania handed over the corporate, Raymond value Rs. 12,000 crores to his youthful son, Gautam Singhania. Along with that, he additionally transferred his 37 per cent stake within the firm value Rs. 1000 crores to Gautam.


The doting father, Vijaypat Singhania trusted his son, Gautam Singhania, like several mother or father on the planet and did not suppose twice earlier than giving all the things to his son. However, as quickly as Gautam took over the corporate, he made some choices that had been towards his father’s will.

According to a report in Indiatimes, Vijaypat Singhania and Gautam Singhania had an settlement again in 2007, during which it was said that the previous would obtain an condo value Rs. 7,100 crore of their household residence, JK House in Malabar Hill at a value of Rs. 600 crores. To everybody’s shock, Gautam backed out of the settlement and denied giving the condo to his father.

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The heated arguments quickly created a rift between the father-son duo and inside a brief time frame Vijaypat Singhania and Gautam Singhania’s bond turned utterly bitter. In the approaching years, Gautam began neglecting his father, Vijaypat’s recommendation and steering, which began making the previous man depressing and with no affection from his son, he began getting depressed.

Vijaypat Singhania informed dad and mom to suppose twice earlier than gifting away all the things to their youngsters


In an interview with Business Today, Gautam Singhania talked about how his personal son, Gautam Singhania betrayed him after he handed over Raymond value Rs. 12,000 crore to him. The former billionaire suggested dad and mom internationally to suppose twice earlier than giving all the things to their children. Vijaypat Singhania admitted that it was his mistake to not hold some cash to him. He stated:

“He (Gautam) had agreed to give me some parts of the company, but of course, he backed out. So, I have nothing. I gave him everything. By all means, give what you want to. I’m not telling you “do not give. I’m solely saying, give it after you are gone, after your demise. Don’t give it in your lifetime as a result of you’ll have to pay a really heavy value.”

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Further, in the identical interview, Vijaypat Singhania shockingly revealed that his son, Gautam Singhania used to abuse him throughout their heated arguments. For the unversed, Vijaypat Singhania is presently residing in a small rented home and speaking about the identical, he said that by mistake, he acquired maintain of some cash with which he’s surviving. Otherwise, he would’ve been on the roads. Vijapat Singhania defined:

“If I say something which he doesn’t like, he may scream at me, he may abuse me. He does all these kinds of things. So, I would probably try to keep away as much as I can. By mistake I was left with some money on which I’m surviving today. Otherwise, I would have been on the road. He’d be happy to see me on the road. I’m sure of that. If he can throw his wife out like this, throw his father out like this, I don’t know what he is.”

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Gautam Singhania shares an image together with his father, Vijaypat Singhania at his residence


After years of feud between the father-son duo, it was on March 21, 2024, when Gautam Singhania, shocked everybody after he posted an image together with his father, Vijaypat Singhania on his official Instagram deal with. In the image, Gautam and Vijaypat posed fortunately to the digital camera, hinting at the potential for a reconciliation. Along with the image, Gautam penned a observe within the caption that may very well be learn as:

“Happy to have my father at home today and seek his blessings. Wishing you good health Papa always.”

As quickly as the image was uploaded on Instagram, it went viral on the web. Everyone was in immense shock to see Gautam Singhania and Vijaypat Singhania collectively within the former’s residence abruptly. Although we have now seen them posing collectively however there isn’t any official affirmation in regards to the finish of their feud. However, we hope issues change from now for the higher between the father-son duo, who’ve been preventing for some years now.

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What are your ideas on Vijaypat Singhania and Gautam Singhania’s feud? Let us know.

Also Read: Zomato’s Founder, Deepinder Goyal’s Love Life: From Chasing Kanchan To Marriage With Grecia Munoz

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