Gautam Singhania

Gautam Hari Singhania (born 9 September 1965) is an Indian industrialist. He is the chairman and managing director of the Raymond Group, the world's largest producer of suiting fabric.[1]

Gautam Singhania
Singhania at Monaco Grand Prix screening
Born (1965-09-09) 9 September 1965
Alma materCathedral and John Connon School
St. Mary's School, Mumbai
OccupationChairman and MD Raymond Group
Known forChairman and MD Raymond Group
Net worth $1.4 billion
Spouse(s)Nawaz Modi Singhania
ChildrenNiharika Singhania
Parents
WebsiteTwitter

Biography

Gautam Singhania was born in an industrialist family, to Vijaypat Singhania and Ashabai Singhania.[1]

He is an alumnus of St. Mary's School, Mumbai and Cathedral and John Connon School. He is also an alumnus of H.R. College in Churchgate, Mumbai

Gautam Singhania joined the Singhania family's JK Group of companies in 1986. He later joined the family's Raymond Group, becoming a director in 1990, the managing director in July 1999, and the chairman in September 2000. He restructured the group and sold Raymond's non-core businesses (synthetics, steel and cement).[2] Under him, the group moved its focus to fabrics, apparel brands, prophylactics (KamaSutra condoms), and men's toiletries. He has also focused on international partnerships for Raymond, including joint ventures with UCO Textiles of Belgium (denim) and Gruppo Zambaiti of Italy (shirting).[1] In 2005, Singhania opened a nightclub named Poison in Bandra, with DJ Aqeel.[1] As of 2012 Singhania's net worth is estimated to be around $1.4 Billion.[3] Singhania is currently constructing a skyscraper ten stories taller than the Antilia constructed by Mukesh Ambani. The 30 story mansion, called JK House, will be a combination of a private residence and textile showroom.

Personal life

Gautam Singhania is married to Nawaz Modi Singhania, a Parsi. The couple has a daughter named Niharika (born December 2005) [1]

He has suffered from vitiligo (loss of skin pigmentation) since a young age. Its progression accelerated when he was in his early 30s, as a side effect of medication.[4]

Gautam Singhania's father gave him 27% of the company as per family understanding. After taking over the company a few years later he turned it around and turned it into a huge success.[5]

Hobbies

Gautam Singhania is passionate about fast cars, boats, planes and nightclubs.[1] He has driven a Formula 1 car in France, a Ferrari 360 Modena in a road and track rally across Europe, and a Lamborghini Gallardo in Europe's Cannonball Run. He has also formed the first ever Super Car Club in India. He is very passionate about cars and has won many races in his sports cars. Singhania owns M Y Ashena, a tri-deck luxury yacht constructed entirely out of Burma Teak wood. The yacht was designed by traditional boat builders from a village in Gujarat. The Ashena was later used by Liz Hurley for her wedding.[6] He also owns the luxury yacht Moonraker, that later sunk due to leaks caused by external damage However nobody aboard was harmed.[7] , launched 2014, his second of that name after the Moonraker launched 1992,[8] as well as a traditional three-masted Arabian sailing dhow Shazma, four speedboats named after the James Bond movies Octopussy, Goldfinger, Thunderball, Golden Eye, and some other speedboats called Smokin Joe and Raymond.[9] Singhania also owns a Bombardier Challenger 604 business jet (VT-NGS) and three helicopters.

He is entangled in a property dispute with his father Vijaypat Singhania, who had this message for parents across the country: "Love your children and care for them, but don't love them so much that you are blinded".

In 2015, his father handed over his shares, worth over Rs. 1,000 crore, to his only son Gautam Singhania and two years later had this to say to NDTV, "In the 79 years of my life, I'd never thought I would have to take a family dispute to court after giving away everything I had and that I wouldn't even have a roof over my head." His father is currently living in a rented accommodation and is demanding to be reimbursed for the rent.[10]

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References
  1. Geoff Hiscock (2007). India's Global Wealth Club: The Stunning Rise of Its Billionaires and Their. John Wiley and Sons. pp. 277–278. ISBN 978-0-470-82238-8.
  2. "Gautam Singhania: India's 'complete man'". Rediff.com. 22 August 2006. Retrieved 30 September 2014.
  3. "JK House : Antilia's Competitor in Mumbai". 23 February 2012. Retrieved 30 September 2014.
  4. "Braveheart". The Times of India. 22 August 2004. Retrieved 30 September 2014.
  5. "Gautam Singhania bluntly dismisses father's sob story, says he's the victim, not Vijaypat". economictimes.indiatimes.com. Retrieved 10 December 2017.
  6. Peter Foster (5 March 2007). "Indian celebrations for Hurley wedding begin". The Telegraph. Retrieved 30 September 2014.
  7. "Moonraker: the superyacht built for speed and comfort". Boat International. 30 January 2015. Retrieved 5 March 2017.
  8. "MOONRAKER YACHT FOR CHARTER". Yacht Charter Fleet. Retrieved 5 March 2017.
  9. Brian Carvalho (4 January 2004). "Live It Up!". Business Today. Retrieved 30 September 2014.
  10. https://www.ndtv.com/mumbai-news/raymonds-man-vijaypat-singhania-has-a-message-for-parents-1737624
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