Business
Singhania says Raymond serves 50,000 employee families
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Raymond chairman Gautam Singhania said he lost close family relationships while protecting the company at the NDTV World Summit 2026 on Thursday. He said the organisation supports 50,000 families and he must prioritise their livelihoods. Singhania acknowledged public family disputes but said he resolved issues over 25 years as principal shareholder. He called the Complete Man tagline an infinite aspiration.
Prism
What It Means For You
- Raymond employees depend on governance choices Singhania said he made despite personal cost.
- As sole shareholder, he cited autonomy to act on what he believes is right for the firm.
- Public fights with relatives unfolded while he led the textiles and apparel group.
What's Happening
- Singhania spoke about succession planning and governance in family-run businesses.
- He quoted NDTV reporting his line that you have got to do the right thing.
- He said there is no complete man, calling the slogan an infinite aspiration.
Family business succession strains
- 25 years of disputes
- Singhania said he resolved 100 percent of issues arising over 25 years.
- Different family groups raised different concerns, he added.
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