Vijaypat Singhania was the driving force behind the company’s inception. Raymond Group patriarch Vijaypat chose to give his younger son Gautam Singhania 37% ownership in his firm in 2015 since he was pleased with him. According to a 2007 deal, Vijaypat would get a residence in the Singhania family’s 36-story JK House in Mumbai. Img Source: https://www.dnaindia.com/Raymond removed Vijaypat Singhania from the company’s chairperson-emeritus title in a letter in 2018, shocking many. In a December 2020 interview with Money Control, Vijaypat stated that he spends most of his time with attorneys as he continues to defend legal proceedings concerning his son.

Source: dna May 08, 2023 07:55 UTC