The former patriarch and long-time leader of Raymond Limited, Dr. Vijaypat Singhania, experienced a dramatic sequence of events later in his life involving major corporate succession and bitter family disputes. After successfully transforming Raymond into a household textile giant, he handed over control and transferred his substantial block of company shares to his younger son, Gautam Singhania. This transfer subsequently sparked high-profile legal battles and public fallout regarding family residences, asset distribution, and financial support, marking a turbulent chapter for the veteran industrialist until his passing.