The life of Vijaypat Singhania has many ups and downs. He was once richer than Mukesh Ambani Gautam Adani and Narayana Murthy. He was the leader of a Rs 10000 crore empire. Today he lives in a rented apartment far from the luxurious life he once lived. He was born on October 4 1938 Vijaypat Singhania took over the leadership of the Raymond Group in 1980 after the death of his uncle G.K. Singhania. He initially faced family resistance but still took the company to global heights. Under his leadership Raymond became a known brand in the textile and fashion industry. He remained chairman of Raymond until 2015 he decided to step down and hand over the business to his son Gautam Singhania. Vijaypat also transferred his entire 37% stake in the company to his son. Differences Among Father-Son Though earlier it seemed as a smooth succession plan later on it became a bitter public fight. In 2017 Vijaypat accused Raymond Ltd now under Gautam’s leadership of breaking a promise to allot him a duplex apartment in the family-owned JK House in Mumbai. The dispute deepened and in 2018 Vijaypat was stripped of his honorary title as Chairman Emeritus of the company he had built over decades. As the battle further escalated Vijaypat found himself cut off from the wealth he had once made. Despite his contributions to Raymond’s legacy he now lives in a rented flat away from the company and family he once built. Vijaypat also has so much interest in adventure. He made history in 2005 by setting a world record for the highest flight in a hot air balloon. His spirit was recognized in 2001 when he received the Tenzing Norgay National Adventure Award. In 2006 he was honored with the Padma Bhushan one of the countrys highest civilian awards for his outstanding contribution to Indian industry and society. He has also written several books including his autobiography. He also received an honorary Ph.D. by the London Institute of Technology & Research. The company has expanded from textiles sectors to real estate consumer care and engineering. It has a current market capitalization of Rs 9478 crore.