Raymond Chief Gautam Singhania Announces Separation From Wife Nawaz Modi
NEW DELHI: Business tycoon Gautam Singhania, who is the CMD of the Raymond Group, has announced separation from his wife Nawaz Modi Singhania after 32 years of being together as a couple, saying both of them will “pursue different paths from here on”. Singhania, 58, had married Nawaz Modi, daughter of solicitor Nadar Modi, in 1999.
He had married Nawaz, after eight years of courtship. Gautam Singhania on Monday announced separation from wife Nawaz, saying the two have decided to pursue different paths. Mr Singhania, 58, had married Nawaz Modi, Daughter of solicitor Nadar Modi, in 1999 He, however, did not give details of the separation and custody of their two children.
Singhania wrote on X that Diwali is not going to be the same for him this year.”This Diwali is not going to be the same as many in the past,” Mr Singhania, chairman and managing director of textiles-to-real estate conglomerate Raymond Ltd, said in social media posts. “It is my belief that Nawaz and I will pursue different paths from here on.” He had married Nawaz,
who was 29-years-old in 1999, after eight years of courtship.
“32 years of being together as a couple, growing as parents and always being a strength of each other… we traversed with commitment, resolve, faith as along came the two most beautiful additions in our lives,” he said.
“As I reflect over the unfortunate developments in the recent past, there has been a lot of unsubstantiated rumour mongering, and gossip surrounding our lives fanned by ‘not so well wishers’,” he wrote. “I am parting ways with her while we continue to do what is the best for our two precious diamonds Niharika and Nisa.” He sought privacy and respect for personal decisions.
“Please respect this personal decision and kindly give us the space to settle all aspects of the relationship. Seeking your best wishes for the entire family during these times,” he added.
Last week, Gautam Singhania, the billionaire Chairman of Raymond Group, on Monday announced that he and his wife of 32 years, Nawaz Modi Singhania, had parted ways. This came hours after a video surfaced in which Nawaz is seen alleging that she was stopped from attending her husband’s Diwali party on November 12.
According to media sources indicated that Nawaz Modi Singhania was purportedly prevented from participating in her husband’s Diwali celebration in Thane. A viral video, reportedly recorded by Nawaz Modi Singhania, captures the incident, wherein she states that she was standing outside JK Gram. Allegedly after being invited to the party, Nawaz Modi Singhania claimed she was now being denied entry to the premises, as reported by the IANS media.
Minutes before announcing the separation, Gautam Singhania wrote on X about his group’s real estate arm continuing to expand its presence across Mumbai. “We have secured 3 new real estate projects in the (Mumbai Metropolitan) Region, with a combined revenue potential of over ₹ 5,000 crore (USD 678 million). Our realty business has seen a strong growth trajectory over the last couple of projects and we are confident of delivering on the highest level of quality and finesse associated with Raymond Group for the upcoming projects,” he said.
Mr Singhania was in news a couple of years back over a feud with his father Vijaypat. Vijaypat Singhania created Raymond Group, which became a household name in India, producing apparels brands and textiles. His son, Guatam diversified the group into more sectors in an attempt to widen the revenue. Just like father who was a noted aviator, flying commercial aircraft for free, Gautam Singhania too is known for his adventurous streaks, racing fast cars in circuits around the world.
( Bureau Report with Media Inputs)