Vijaypat Singhania, the former chairman of Raymond, experienced a public and protracted dispute with his son, Gautam Singhania, primarily concerning property matters after he stepped down from his leadership role. While their relationship had been strained for years, recent reports indicate a significant reconciliation between the father and son.
Background of the Disagreement
The strained relationship between Vijaypat Singhania and his son Gautam became widely known after Vijaypat stepped down as the chairman of Raymond in 2015. This transition marked the beginning of a public falling out, centered largely on family property.
Key aspects of the dispute include:
- Stepping Down from Leadership: Vijaypat Singhania relinquished his position as chairman of Raymond in 2015, passing the reins to his son.
- Property Matters: The core of the disagreement revolved around property, specifically allegations concerning family assets.
- Peak of Conflict: The dispute intensified, reaching a peak in 2017.
The Core Property Dispute
A central point of contention was Vijaypat Singhania's claim regarding a property in south Mumbai. He asserted that Raymond Ltd, the company he once led, had not provided him with a duplex apartment in the family-owned JK House, a prominent residential building. This alleged denial of a promised property became a focal point of the public dispute between father and son.
Recent Developments and Reconciliation
Despite the prolonged and public nature of their disagreement, there have been recent positive developments. Reports from March 2024 indicate a reconciliation between Vijaypat and Gautam Singhania, with Gautam expressing happiness at his father's return home and the two posing together. This suggests an improvement in their relationship after years of estrangement.
