Raymond's billionaire head Gautam Singhania announces separation from wife after 32 years of relationship

Billionaire industrialist and chairman and managing director of Raymond Group, Gautam Singhania, on Monday, announced that he has separated from his wife Nawaz after 32 years of being together.

Singhania, whose net worth is reported to be over Rs 11,000 crore, made the announcement over the microblogging platform X.

The industrialist said Nawaz, a fitness trainer, and he were together for 32 years as a couple, and have two children.

"This Diwali is not going to the same as many in the past," he wrote announcing the separation.

"32 years of being together as a couple, growing as parents and always being a source of strength to each other...we traversed with commitment, resolve, faith as along came the two most beautiful additions of our lives."

"As I reflect over the unfortunate devlopments in the recent past, there has been a lot of unsubstantiated rumour mongering, and gossip surrounding our lives, fanned by not so well wishers," Singhania wrote, adding that it is his belief that Nawaz and he will pursue different paths from here on.

He urged people to respect the personal decision of the couple and give them the space to "settle all aspects of the relationship."

The announcement came minutes after a video surfaced online which purportedly shows Nawaz allegedly not being allowed to enter a party hosted by Singhania at Thane last week despite an invite for the pre-Diwali bash.

Singhania did not give details of the separation and custody of their two children, and sought privacy and respect for personal decisions in the post.

Nawaz, the daughter of a well known lawyer, also studied law but opened a gym in a tony neighbourhood. She was reported to have dated Singhania, who loves fast cars, for eight years before the marriage in 1999.

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.