Gautam Singhania's net worth: Founded in 1925, Raymond Group started as a fabric manufacturer and later expanded into engineering and real estate. In 2024, the company split its lifestyle business into a separate listed entity. Today, Raymond primarily focuses on real estate and engineering under the leadership of Gautam Singhania.
Gautam Singhania (full name: Gautam Hari Singhania) is the Chairman and Managing Director of Raymond Group, India's leading branded fabric and fashion retailer. Born on September 9, 1965, into an industrialist family, Gautam Singhania's father, Vijaypat Singhania, was a prominent businessman. Gautam completed his education at the University of Mumbai before joining the family business at 21.
In 1999, he was appointed as the Managing Director of Raymond, and by 2000, he took over as Chairman. Under his leadership, Raymond expanded from textiles into men's fashion, toiletries, and other lifestyle products. Beyond business, Gautam Singhania's personal life is filled with a passion for automobiles, boats, and aviation. He even founded India's first supercar club and owns a nightclub in Mumbai.
As of April 2024, Gautam Singhania's net worth is estimated at $1.4 billion (approx. Rs 11,658 crore), according to reports from Business Today and Hindustan Times. His wealth primarily comes from his 37% stake in Raymond Group, along with significant real estate investments.
In an interview with ET, Gautam Singhania stated that his wealth is much more than publicly known, revealing that he is "sitting on cash" and has a net worth of over Rs 5,000 crore.
One of Gautam Singhania's most valuable assets is JK House, a Rs 6,000 crore skyscraper in South Mumbai. This luxurious property includes:
Gautam Singhania's car collection is one of India's finest. Some of his most prized vehicles include:
He is also credited with building India’s first drift racing track and owns a Supercar Club for automobile enthusiasts.
Apart from luxury cars, Gautam Singhania owns two helicopters available for private hire. He also possesses a Bombardier Challenger 600 private jet, worth Rs 150 crore.
His love for luxury extends to yachts, with two ultra-luxurious watercraft:
His fascination with speed extends to the sea as well. Gautam Singhania owns several speedboats, all named after James Bond movies:
Gautam Singhania's personal life has made headlines, especially his separation from wife Nawaz Modi Singhania in 2023. The couple married in 1999 and share two daughters, Niharika and Nisa. While Nawaz Modi was actively involved in the business, she resigned from Raymond's board in 2025, citing personal reasons.
Gautam Singhania, Chairman and Managing Director, Raymond said, "We thank Ms. Nawaz Modi Singhania for her services as a Board member over the years. As a company, we are committed to upholding the highest level of governance while continuing to navigate the evolving landscape of the industry."
“Due to personal reasons, I hereby tender my resignation as Director of Raymond Limited with immediate effect. I am thankful to the Board of Directors for the memorable association during my tenure and for supporting me throughout my term. Kindly acknowledge the receipt of this letter and arrange to submit the necessary forms with the office of the Registrar of Companies and Stock Exchange (s) to that effect,” Nawaz’s resignation letter read.
Nawaz Modi Singhania told CNBC-TV18, "I was on the board of JK Investors, Raymond Consumer Care Ltd and Smart advisory-finserve companies. Today's meeting's agenda was to remove me from the board as the promoter and major shareholder Gautam Singhania has lost confidence in me."
The relationship between Gautam Singhania and his father, Vijaypat Singhania, has been turbulent. After Gautam took over Raymond in 2001, his father claimed he was "forced out of the business" despite giving his son a 37% stake in the company.
In 2024, Gautam posted a photo welcoming his father home, captioning it: "Happy to have my father at home today and seek his blessings. Wishing you good health, Papa." This indicated a possible reconciliation after years of conflict.
Gautam Singhania's net worth, house, cars, and luxurious lifestyle make him one of India’s most influential businessmen. Despite personal challenges, his success with Raymond Group and his passion for luxury assets continue to keep him in the spotlight. Whether it's Gautam Singhania's cars, his JK House, or his high-profile personal life, the billionaire remains a prominent figure in India's corporate world.
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