India Billionaire, Chairman & 49% Owner of Raymond Group Gautam Singhania May Lose $1.4 Billion Fortune to Wife Nawaz Modi in Divorce Settlement, Wife Nawaz Modi Claims Gautam Singhania Had Agreed to 75% Divorce Settlement in Front of Friends, Mediators, Lawyers & Accountants, Raymond Group is One of India Top Fabric & Fashion Retailer Founded in 1925
22nd December 2023 | Hong Kong
India Billionaire, Chairman & 49% owner of Raymond Group Gautam Singhania may lose $1.4 billion of fortune to his wife Nawaz Modi in divorce settlement, with wife Nawaz Modi claiming Gautam Singhania had agreed to a 75% divorce settlement in front of friends, mediators, lawyers & accountants. Raymond Group is one of India top fabric & fashion retailer founded in 1925. In the year 2000, Mr Gautam Singhania was appointed Chairman and Managing Director of Raymond Limited.
” India Billionaire, Chairman & 49% Owner of Raymond Group Gautam Singhania May Lose $1.4 Billion Fortune to Wife Nawaz Modi in Divorce Settlement, Wife Nawaz Modi Claims Gautam Singhania Had Agreed to 75% Divorce Settlement in Front of Friends, Mediators, Lawyers & Accountants, Raymond Group is One of India Top Fabric & Fashion Retailer Founded in 1925 “
India Billionaire, Chairman & 49% Owner of Raymond Group Gautam Singhania May Lose $1.4 Billion Fortune to Wife Nawaz Modi in Divorce Settlement
Raymond is a diversified group with majority business interests in Textile & Apparel sectors and a presence across varying segments such as Consumer Care, Realty and Engineering in national and international markets. Raymond Limited was first incorporated as the Raymond Woolen Mill in 1925 near Thane Creek. Lala Kailashpat Singhania took over The Raymond Woolen Mill in the year 1944. Ever since then they have been analogous with class, elegance and individuality which is evident in their men’s fashion.
In the year 2000, Mr Gautam Singhania was appointed Chairman and Managing Director of Raymond Limited. In 2015, Raymond became the first textile company in the world to produce Super 250s and innovative fabrics. Raymond with its 97-year-old expertise is a textile powerhouse with modern infrastructure and strong fibre-to-fabric manufacturing capabilities. Along with being reputed, it is the fastest-growing fashion fabric brand. Raymond offers an exquisite range of shirting and suiting fabrics across a plethora of options such as Worsted fabrics, Cotton, Wool blends, Linen and Denim. The ethnic culture, exquisite clothing and the comfort of couture in each of its brands – Park Avenue, Raymond Ready To Wear, ColorPlus and Parx Ethnix have proven beneficial and created a desirous space in your lives. With the central theme of ‘Go Beyond’, the conglomerate has undertaken the project to build quality housing for all by introducing Raymond Realty and Home.
The Raymond Group has a significant hold over the B2B space through its garments business. With its presence in this sector and state-of-the-art, owned subsidiaries, they manufacture suits, trousers, shirts, and jeans for famous fashion brands throughout the world. Raymond has remarkable participation in the Denim Market, as one of the main producers and preferred suppliers of superior quality Ring Denim to some of the world’s most prestigious jeanswear companies. ‘Raymond Made To Measure,’ which pioneered the original concept of bespoke apparel provides a luxurious service to discerning consumers who want to customize their appearance. Raymond Consumer Care Brands- Park Avenue and KamaSutra have a prominent presence in the FMCG market. Venturing into the engineering business in 1949, JK Files and Engineering Ltd is the largest manufacturer of steel files with a global presence in over 50+ countries. The group has set a strong foot in this space through Ring Plus Aqua Ltd (RPAL). Raymond and its brands are also available in tier IV and V cities with over 1500 outlets scattered across 600 towns and a vast network of over 20,000 points of sale in India. Raymond is the largest integrated textile company in the world and exports its suits to more than 60+ countries including the USA, Canada, Europe, Japan and the Middle East. We go beyond traditional business boundaries because we care. For over years now, the Raymond Group has engaged in impactful, welfare-driven activities in India like cattle breeding, education, tailoring initiative, etc. Driving an amalgamation of high fashion wear at par with the persona of the man, that’s Raymond for you! Today, when one thinks of Raymond, one thinks of “A Complete Man!”
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