Business · Companies · 9 hrs ago
Gautam Singhania says he lost family ties to protect Raymond
Raymond chairman Gautam Singhania says protecting the company cost him close family ties.
He spoke about family disputes and business governance at the NDTV World Summit in India.
Singhania said Raymond supports 50,000 families through the people who work for it.
He said his responsibility to those workers shaped difficult decisions, even when disputes with relatives became public.
He says he resolved the issues that arose over 25 years.
Singhania also said being the company’s principal and sole shareholder gave him freedom to make decisions.
His comments highlight the challenges of managing family ties, ownership and succession in a family business.
Raymond Group chairman and managing director Gautam Singhania said he had lost close family relationships while trying to protect the company.
He said he had a responsibility to the 50,000 families whose livelihoods depend on the business.
Singhania discussed family disputes, succession planning and governance at the NDTV World Summit 2026.
He said he had resolved all issues that arose over the past 25 years.
Singhania described Raymond’s “The Complete Man” concept as an aspiration rather than an attainable state.
- Who
- Gautam Singhania, Raymond Group’s chairman and managing director.
- What
- He said he had lost close family relationships in efforts to protect Raymond.
- When
- He spoke at the NDTV World Summit 2026 on Thursday.
- Where
- At the NDTV World Summit 2026. The location is not stated.
- Why
- He said he had a responsibility to protect the organisation and the livelihoods of the 50,000 families working for his company.
This story does not have two clearly opposing sides.
Singhania said he had resolved all the issues that arose.
Singhania discussed family disputes, succession planning and governance at the NDTV World Summit 2026.
Mint published its report on Singhania’s comments.
- Company
- Raymond Group
- Speaker
- Gautam Singhania, chairman and managing director
- Employees’ families
- 50,000 families, according to Singhania
- Disputes
- Singhania said he had resolved 100% of issues over the last 25 years
- Event
- NDTV World Summit 2026
What people are saying
I’ve been very fortunate that we’ve been able to address it, because I’ve lost a lot of my family to protect this organisation
This organisation is not me; it’s the 50,000 families that work for my company. And I have a responsibility to them as well
But then you’ve got to do the right thing, and you know, this is where we are
I think I’ve been very lucky that I’ve resolved 100% of these issues over the last 25 years.