Did Vijaypat Singhania Regret Giving His Wealth To Son, Gautam? Inside His Net Worth Amid His Death

Vijaypat Singhania, the former chairman of Raymond Group, passed away peacefully in Mumbai on March 28, 2026, at the age of 87. His last rites will take place on March 29, 2026, at Chandanwadi crematorium. He established himself as a business executive who developed a textile empire, while he also lived a bold and daring life. From creating wealth to giving away control, from flying across continents to facing a public fallout with his son Gautam Singhania, his journey carried both highs and deeply personal struggles.

Vijaypat Singhania's net worth and the Raymond shares transfer

At his peak, Vijaypat Singhania stood among India’s richest industrialists. Around 2012, his net worth was estimated at nearly USD 1.4 billion. This wealth came mainly from his stronghold in Raymond, along with real estate and other investments that added to his financial strength. But things began to shift in 2015, and that year changed the course of his life. First came his divorce from his wife, Madhuri, which led to a settlement of about USD 400 million. Soon after, he transferred 37 percent of his Raymond shares, worth over INR 1,000 crore, to his son, Gautam. This move handed over full control of the company. At that moment, it looked like a smooth family transition. But over time, the decision came back to him in a way he did not expect.

In his later years, Vijaypat Singhania’s lifestyle saw a major change. Reports suggest that while he still had assets worth around INR 12,000 crore, he was no longer living in the family-owned luxury residence. Instead, he spent his final years in a rented home. That contrast between his earlier wealth and later life often drew attention, especially because it followed decisions that once looked like acts of trust and planning.

Vijaypat Singhania and Gautam Singhania feud, and Raymond controls the dispute

The relationship between Vijaypat Singhania and Gautam Singhania did not stay steady after the 2015 share transfer. Vijaypat later expressed that the transfer of shares was not entirely voluntary. He believed it happened under emotional pressure. The situation became more serious when he raised concerns about a promised duplex apartment in JK House, the family’s well-known residence in Mumbai. Vijaypat claimed that he could not enter the house because access to it was blocked. The situation resulted in legal proceedings, which ended up in court. The parties involved in the disagreement now required more than property rights to resolve their conflict.

The situation revealed that the relationship between father and son had completely broken down. The initial expectations people had for that situation eventually disappeared. In 2024, when a photo of them together appeared, Vijaypat made it clear there was no reconciliation. The distance remained until the very end. The family that was once seen with a strong business background became a widely discussed example of how personal and professional lines can blur, especially when control and expectations are involved.

Who was Vijaypat Singhania? A look at his early life and leadership journey

Vijaypat Singhania was born on October 4, 1938, in Kanpur. He belongs to the JK Group family, a name already known in Indian business circles. He started his career at an early age, as his family background provided him with access to business operations. His business knowledge developed through his studies at Sydenham College in Mumbai, where he pursued commerce. After finishing school, he worked at the family business, where he advanced to higher positions.

When he took charge of Raymond, the company was already established, but he pushed it to a much higher level. He focused on building trust in the brand and expanding its reach, both in India and outside. Under his leadership, Raymond became a name people connected with quality suiting fabrics. But Vijaypat was not someone who stayed limited to boardrooms. He had a curious mind and a strong interest in exploring life beyond business. That part of his personality showed up clearly in what he chose to do outside his work.

Vijaypat Singhania awards, aviation achievements, and legacy beyond business

Away from business, Vijaypat Singhania had a deep passion for flying. He spent over 5,000 hours in the air and earned the rank of Air Commodore. Flying was not just a hobby for him. It was something he took seriously and pursued with full focus. In 1988, he completed a solo microlight flight from the UK to India, a journey that placed him in the record books. Years later, in 2005, he reached an altitude of 21,000 feet in a microlight aircraft, setting another milestone.

Vijaypat's work in aviation brought him several honours. He received the Padma Bhushan in 2006, one of India’s highest civilian awards. He was also given the Tenzing Norgay National Adventure Award for his achievements in the field. Along with this, he served as the Sheriff of Mumbai, taking on a public role beyond business and aviation. A Raymond spokesperson expressed:

“Air Commodore Vijaypat Singhania, recipient of Padma Bhushan, former Chairman of Raymond Group and former Sheriff of Bombay, peacefully passed away earlier this evening in Mumbai.” 

Looking at his full journey, Vijaypat Singhania’s life does not fit into just one story. It carries the weight of business success, the thrill of personal achievements, and the reality of strained relationships. He built something powerful, trusted people along the way, faced the outcomes of those choices, and still remained a figure people followed closely. His legacy now stays not only in the company he shaped but also in the life he lived, through both rise and fall.

What are your thoughts on Vijaypat Singhania’s legacy and his feud with Gautam Singhania over Raymond? Let us know.

Also Read: Raymond's Former Chairman, Vijaypat Singhania Passes Away At 87, Know Cause Of His Tragic Death

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