Billionaire Gautam Singhania announces separation from his wife Nawaz after 32 years

The textile-to-real estate conglomerate Raymond Limited chairman and managing director Gautam Singhania splits ways with his wife Nawaz after 32 years of marriage.

Announcing separation on social media post, Singhania wrote, “This Diwali is not going to be the same as many in the past,” Singhania said in social media posts. “It is my belief that Nawaz and I will pursue different paths from here on.”
Known for racing fast cars in circuits around the world, Singhania 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.
The custody of their children and further detail of their separation is still awaited.

“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.

Earlier, Gautam Singhania hit the headlines when he was embroiled in a legal tangle with his father Vijaypat Singhania over property feud.

Vijaypat Singhania created Raymond Group, which became a household name in India, and then handed over the reins to his son Gautam Singhania. Since then the duo are fighting over properties in courts.

“Another family shocker for Gautam Singhania, though, would not put any brake on this hi flier adventurous industrialist who has found new business interest in real estate,” said Rakesh Chopra, a business historian.

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