Raymond Chief Gautam Singhania Nawaz Modi Singhania.seperate after 32 years
Raymond Chief Gautam Singhania Nawaz Modi Singhania.seperate after 32 years
News comes to the fore that Billionaire industrialist Gautam Singhania of Raymonds and wife Nawaz Modi Singhania are to part ways after 32 years happily married couple.
Singhania, the chairman and managing director of Raymond, whose net worth is reported to be over Rs 11,000 crore, made the announcement on X, saying it was not the same Diwali as in the past.
The industrialist, who is running the multi-decade group having roots in textiles and branching out into newer ones like real estate, said that Nawaz, a fitness trainer were together for 32 years as a couple.
The couple has two children and they grown together in their years of companionship and were a source of strength for each other.
In his social media he wrote ‘traversed with commitment, resolve, faith as along came the two most beautiful additions of our lives.
The announcement came minutes after a video surfaced online which purportedly shows Nawaz allegedly not being allowed to enter a party hosted by Singhania at Thane last week despite an invite for the pre-Diwali bash.
In his post, Singhania made a mention of “unfortunate developments in the recent past”, and added that there has been a lot of “unsubstantiated rumour mongering and gossip” fanned by what he called as “not so well wishers”.
Singhania did not give details of the separation and custody of their children, and sought privacy and respect for personal decisions in the post.
“It is my belief that Nawaz and I will pursue different paths from here on,” he said, adding that both parents are committed to do best for their children.
Nawaz, daughter of a well-known lawyer, also studied law but opened a gym in a tony neighbourhood. She was reported to have dated Singhania, who loves fast cars, for eight years before their marriage in 1999.
Raymond RealtyIN continues to expand its presence across the Mumbai Metropolitan Region post the amazing success we have seen in the last couple of years.
We have secured 3 new real estate projects in the Region, with a combined revenue potential of over INR says Singhania.
Prior to Minutes before announcing the separation, Gautam Singhania taking to his mobile when walking on the work. He also wrote his group’s real estate arm is continuing to expand its presence across Mumbai.
Singhania has secured 3 new real estate projects in the (Mumbai Metropolitan) Region, with a combined revenue potential of over Rs 5,000 crore (USD 678 million).
Their realty business has seen a strong growth trajectory over the last couple of projects and we are confident of delivering on the highest level of quality and finesse associated with Raymond Group for the upcoming projects.
Singhania headlined a couple of years back over a feud with his father Vijaypat Singhania who created Raymond Group, and became a household name in India, producing apparels brands and textiles. His son, Guatam diversified the group into more sectors in an attempt to widen the revenue.
Just like father who was a noted aviator, flying commercial aircraft for free, Gautam Singhania too is known for his adventurous streaks, racing fast cars in circuits around the world.
News Edit K.V.Raman
