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Thread: Singhania says he is living hand-to-mouth existence

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    Singhania says he is living hand-to-mouth existence

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    vijaypat singhania, the former chairman of raymond group of clothing and textiles was considered as one of the wealthiest businessman in the country up until the year 2015.

    But things seems to have turned for the worse for the 78-year-old ever since he proudly gifted over rs. 1000 crore (around 10 billion us dollars) worth of shares of his company and most of his wealth to his son gautam singhania in 2015.



    Today, senior singhania is fighting a court battle with his very own son seeking possession of a duplex he built, alongside fighting for other simple perks like a car and a driver. Having spent over two decades dressing up the indian male, the raymond tycoon is allegedly now living a ‘hand to mouth’ existence.



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    SINGHANIA SAYS HE IS LIVING HAND-TO-MOUTH EXISTENCE

    By Sunil Baghel, Ahmedabad Mirror | Updated: Aug 9, 2017, 10.37 AM IST









    One of the country's richest men, who spent more than two decades dressing up the Indian male, is now broke, and by his own admission is living a "hand-tomouth" existence. And he blames only one person for this — his son.


    Dr Vijaypat Singhania, who built Raymond Ltd into one of the largest apparel brands in the country before handing over the business to his son Gautam, is today a bitter man residing in a rented rowhouse in south Mumbai's upscale Grand Paradi society. Two days after Mirror reported that he had filed a petition in the Bombay High Court seeking possession of a duplex in the redeveloped 36-storey JK House on Malabar Hill, his lawyer told the court on Wednesday that the retired tycoon was struggling financially.





    http://ahmedabadmirror.indiatimes.com/news/india/singhania-says-he-is-living-hand-to-mouth-existence/articleshow/59976585.cms



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