Vijaypat Singhania, the legendary industrialist and former chairman of Raymond Limited, had three children with his wife Asha Devi Singhania. His sons are Madhupati Singhania—who famously distanced himself from the core family business operations—and Gautam Singhania, who took over as the Chairman and Managing Director of Raymond Limited. His daughter, Shefali Singhania, serves in corporate directorship roles within associated private enterprises. The family dynamic and generational succession plans later became a subject of widespread public and legal attention.