Raymond MD Gautam Singhania breaks silence on his current legal tussle with father; here is what he has to say

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Published: August 29, 2017 6:11:13 PM

Singhania said that he wears two hats - one is the family hat, and other is the chairman and managing director of Raymond - which he certainly cannot mix with each other.

Gautam Singhania said that he shares different responsibilities towards his family and the company.

In the wake of the legal battle between Gautam Hari Singhania – the chairman and managing director of Raymond Ltd – and his father Vijaypat Singhania over the family home JK House, Gautam Singhania said that he shares different responsibilities towards his family and the company. As per the report by Hindustan Times, he said his only interest is to protect shareholders of Raymond that owns JK House. Singhania further added that he wears two hats – one is the family hat, and other is the chairman and managing director of Raymond – which he certainly cannot mix with each other.

He accepted the fact that being the chairman and managing director of the company, he has certain responsibilities towards lakhs of people who are working for Raymonds, therefore his family obligations are very different from that of the business. Singhania was quoted by HT-Mint as saying, “(In) my role as managing director, I have 35,000 people who work for me. I have tens of lakhs of people indirectly whose future is dependent on the Raymond group. I have a responsibility to them as chairman and managing director of my company.” He further said, ” As a son to my father, as a husband to my wife, as a parent to my kids, I have a different responsibility. These should never get mixed up. I have to keep Raymond firewalled from my internal family politics. I will do everything in the world to keep them separate.”

Earlier in the month a controversy was sparked when Vijaypat Singhania – once among the country’s richest men, who is now fighting for a house to live in which was promised to him earlier – claimed that the person responsible for his condition is none other than his son Gautam, to whom he had handed over the control of Raymond. In a recently filed petition in Bombay High Court seeking possession of a duplex in the 36-storey JK House on Malabar Hill, Vijaypat had accused Raymond Ltd of not handing over the possession of the house to him despite repeated reminders.

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