Vijaypat Singhania, former Raymond chairman, dies at 87 in Mumbai

Vijaypat Singhania, former Raymond chairman, Padma Bhushan awardee and famous aviator, has handed away.He died in Mumbai on the age of 87.His son Gautam Singhania, chairman and managing director of the Raymond Group, introduced the demise on microblogging platform X.An organization spokesperson mentioned Singhania handed away “peacefully” and his final rites shall be carried out on Sunday, reported PTI.A recipient of the Padma Bhushan, Vijaypat Singhania was recognized not just for his management at Raymond but in addition for his ardour for aviation. He held a world file for attaining the very best altitude in a scorching air balloon.He led Raymond as chairman for round 20 years till 2000, after which he handed over the reins of the corporate to Gautam Singhania. He had additionally transferred his whole 37 per cent stake within the firm to his son.Vijaypat Singhania and Gautam Singhania have been later concerned in authorized disputes, which have been subsequently resolved.