--- title: "Vijaypat Singhania, former Raymond chairman and aviator, dies at 87" type: "News" locale: "en" url: "https://longbridge.com/en/news/280885265.md" description: "Vijaypat Singhania, the former chairman of Raymond and a noted aviator, passed away at the age of 87 in Mumbai. His son, Gautam Singhania, announced the news on social media. Singhania, a Padma Bhushan awardee, was known for his record in hot air ballooning and led Raymond for two decades until 2000. He transferred his 37% stake in the company to Gautam after stepping down. Despite past legal disputes, the father-son duo later reconciled." datetime: "2026-03-28T09:47:33.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/280885265.md) - [en](https://longbridge.com/en/news/280885265.md) - [zh-HK](https://longbridge.com/zh-HK/news/280885265.md) --- # Vijaypat Singhania, former Raymond chairman and aviator, dies at 87 Former Raymond chairman Vijaypat Singhania died here on Saturday evening, his family said. He was 87. His son Gautam Singhania, the group's current chairman and managing director, announced the death on the microblogging platform 'X'. Singhania passed away "peacefully" in Mumbai, and the last rites will be performed on Sunday, a Raymond Group spokesperson said. Vijaypat Singhania, a recipient of the Padma Bhushan, was also a keen aviator and held a world record for the highest altitude gained in a hot air balloon. He led Raymond as chairman for two decades till 2000. After handing over the reins of the company to Gautam, Vijaypat also transferred his entire 37 per cent stake in the company to his son. Vijaypat Singhania and his son were embroiled in legal disputes some years ago, but later they settled the issues. ### Related Stocks - [RJF.US](https://longbridge.com/en/quote/RJF.US.md) - [RAY.US](https://longbridge.com/en/quote/RAY.US.md) ## Related News & Research - [Raymond James Financial Declares Quarterly Dividend on Common Stock | RJF Stock News](https://longbridge.com/en/news/286315960.md) - [A Look At Raymond James Financial (RJF) Valuation After Renewed Interest In Its Five Year Growth Record](https://longbridge.com/en/news/286344503.md) - [The Quiet Engineering Move That Could Define How a Cape Canaveral Air-Launch Operator Gets to Flight | FJET Stock News](https://longbridge.com/en/news/286930503.md) - [Snapchat: Don't rush to buy this social media stock](https://longbridge.com/en/news/286681786.md) - [Jim Cramer’s On-Air Reaction To Trump’s Sketchy Stock Trades Is Something To Behold](https://longbridge.com/en/news/286822119.md)