‘Raymond’ man Vijaypat Singhania says he is now penniless, courtesy his son Gautam



Once among the country’s richest men, Vijaypat Singhania, who gave the nation its early taste of locally-made fine dressing through Raymond — a brand he built and nurtured for over 20 years — is now left ‘hand-to-mouth’, in his own words. More shocking than this is his claim that the person responsible for his penniless condition is none other than his son Gautam Singhania, to whom he had handed over the control of Raymond. Vijaypat Singhania recently filed a petition in Bombay High Court seeking possession of a duplex in the 36-storey JK House on Malabar Hill, Mumbai Mirror reported. In the petition, Vijaypat had accused Raymond Ltd of not handing over the possession of the house to him despite repeated reminders. Vijaypat Singhania also claimed that Gautam Singhania is running Raymond like a personal fiefdom.Dr Vijaypat Singhania, who built Raymond Ltd into one of the largest apparel brands in the country before handing over the business to his son Gautam, is today a bitter man residing in a rented row house in south Mumbai's upscale Grand Paradi society.