Vijaypat Singhania reigned supreme over Raymond, a textile empire that made him one of India’s richest men. But power, like a fine suit, can come unraveled by a loose thread. This story is about unraveling threads, bitter disputes, and a family torn apart by wealth.
Vijaypat, ever watchful after a fight with his own cousins over the family business, decided to avoid future conflict by splitting Raymond between his two sons. One son, Madhupati, chose a clean break, leaving Gautam the sole heir. In 2015, Vijaypat, believing he was ensuring a smooth transition, handed the reins of Raymond to Gautam.
This, however, was the first snip in the fabric of their relationship. News broke of a nasty divorce between Gautam and his wife, Nawaz Modi. In a shocking turn of events, Vijaypat sided with Nawaz, publicly criticizing Gautam’s aggressive tactics in the divorce settlement. The man who built an empire now painted a picture of a son who “buys everything.”
The situation unraveled further. Legal battles erupted between Vijaypat and Gautam. The son, once entrusted with the family legacy, allegedly forced his own father out of their palatial residence. The irony was stark – Vijaypat, the former head of a textile giant, found himself living in a rented apartment, a far cry from the opulence his son enjoyed.
In an exclusive interview with Business Today, he said, “I have no business. 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 mistake, I was left with some money on which I am surviving today. Otherwise, I would have been on the road.”
This is a story of wealth, betrayal, and a fractured family. Vijaypat’s trust in his son unraveled faster than a poorly stitched seam. What began as a calculated move to secure the future turned into a bitter public feud, leaving the Raymond legacy, once a symbol of unity, hanging by a loose thread.
Vijaypat Singhania, the former textile tycoon, now lives in a rented apartment, a stark contrast to his son Gautam Singhania, who resides next to Mukesh Ambani in India’s second most expensive house, valued at $81 million.
Image— Business Today, India
