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HomeNewsRaymond Boss Memo Amid Bitter Divorce Battle

Raymond Boss Memo Amid Bitter Divorce Battle


'Business As Usual': Raymond Boss' Memo Amid Bitter Divorce Battle

Gautam Singhania mentioned he’s “totally dedicated towards the graceful functioning of the corporate” (File)

New Delhi:

Raymond Chairman and Managing Director Gautam Singhania assured staff and board members that it’s “enterprise as traditional” within the firm and that he’s totally dedicated to its clean functioning regardless of the difficulty in his private life.

In an inside mail to the workers and the board members of Raymond, Mr Singhania, who introduced separation from his spouse Nawaz earlier this month, mentioned he has chosen to not touch upon media stories “about issues pertaining to my private life”, saying “sustaining the dignity of my household is paramount to me”.

“Nevertheless, I stay resolute as Chairman and Managing Director and am totally dedicated towards the graceful functioning of the corporate and its enterprise. Even in these troublesome occasions for me, I guarantee you that at Raymond, it’s enterprise as traditional,” he asserted in his mail.

“As you all are conscious over the past couple of months, we have now made important strides in direction of rising our companies exponentially and have had our greatest quarter in historical past on prime of a constant upswing in efficiency over the past 9 quarters.” 

Lately, “we have now virtually doubled our engineering enterprise by getting into dawn sectors of aerospace, defence, electrical car parts by way of MPPL’s (Maini Precision Merchandise Ltd) acquisition, and have additionally been awarded two marquee actual property initiatives in our focus market of Mumbai Metropolitan Area”, Mr Singhania added.

Regardless of points in his private life, he mentioned, “I’m steadfast to create and ship worth to all our shareholders and make sure the pursuits of our staff, clients, and different stakeholders”.

When reached out, a Raymond spokesperson confirmed that it was an inside mail despatched by Mr Singhania to the workers and board members of the corporate.

Earlier this month, Gautam Singhania mentioned he has separated from his spouse Nawaz, in an announcement that got here amid hypothesis over the way forward for the 32-year relationship.

The billionaire industrialist, whose web price is reportedly over Rs 11,000 crore, made the announcement on X, saying it was not the identical Diwali as previously.

The industrialist, on the helm of a multi-decade group with roots in textiles that branched out into newer ones like actual property, mentioned Nawaz, a health coach, and he have been collectively for 32 years as a pair.

The couple has two youngsters, and Mr Singhania mentioned they grew collectively of their years of companionship and have been a supply of energy for one another. 

(Apart from the headline, this story has not been edited by NDTV employees and is revealed from a syndicated feed.)

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