Vijaypat Singhania, the former chairman of Raymond Group, has passed away today, marking the end of a remarkable yet deeply complex life journey. Once wealthier than Mukesh Ambani, he built an iconic business empire that shaped India’s premium textile industry.
In 2015, he handed over his 37% stake—worth over ₹1000 crore—and control of the company to his son, a decision that later led to personal and financial struggles. Living in a rented house in his later years, he often spoke about the regrets and lessons from that phase of life.
His story remains a powerful reminder about legacy, trust, and life decisions.
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