Gautam Singhania, managing director of Raymond Group, has been injured after his speedboat capsized in Maldives. Singhania suffered injuries in the accident and was airlifted to Mumbai. Where he is being treated. India’s veteran rally driver Hari Singh and another friend of his who were on the boat with him are still missing. The local administration fears that due to the passage of so long he may lose his life. The incident occurred near Felidhoo Atoll in Maldives at around 11 pm on Thursday night. Gautam Singhania’s spokesperson said, ‘Gautam Singhania has suffered minor injuries. He is under the care of doctors in Mumbai. We are praying for the safety of all those friends who were injured in this accident. According to rally driver Hari Singh and another missing coast guard, the accident occurred about 2 nautical miles from the coast. At around 11 pm the boat suddenly went out of control and overturned. There were a total of 7 people on the speedboat, including a captain and Gautam Singhania. These included 5 Indians, one British and one Russian citizen. The rescue team saved Singhania, but rally champion Hari Singh and another person are missing. The rescue team is trying to find the missing Indians with the help of divers and high-speed ships. The Coast Guard of Maldives National Defense Force (MNDF) says that the search operation is going on near Keodhu, but due to the sea waves, there are difficulties in finding them. It is being told that the hand of another passenger has been cut, whose condition is critical. Singhania and Hari Singh are fond of adventure. Both Gautam Singhania and Hari Singh are known for their old friendship and adventure sports. Singhania himself is a professional racer and Hari Singh has brought glory to India by winning many national and international rally titles. They went to Maldives for holidays and power boating. Singhania has many businesses including clothes, real estate and many other businesses. Gautam Singhania is the chairman and managing director of Raymond Group. His net worth is around Rs 11 thousand crores. Raymond Group has businesses including clothing, denim, consumer care, engineering and real estate. The group has a strong presence in the readymade garments market. It is also a leading manufacturer in the denim category. The company supplies high quality denim. Raymond was started from Thane in 1925. Raymond is a big and trusted mens wear brand of India, which was started from Thane in 1925. Today it has become a company worth thousands of crores of rupees. The Singhania family has played an important role in taking this company forward, especially Gautam Singhania. The Singhania family transformed Raymond from a simple woolen mill into a big brand spread across the country and abroad. Earlier this mill used to make uniforms for the army, but later it was made available to the common people. During the time of Vijaypat Singhania, the company progressed rapidly and opened its showrooms in small towns. Gautam Singhania took this legacy forward and made the company modern. He worked on new fabrics, designs and technologies, which further strengthened Raymond’s identity. Today the company is doing business in the country as well as abroad. In the last years, Gautam Singhania has also been in the news regarding his personal life, but despite this the company’s business is continuously progressing. The hard work and decisions of the Singhania family have made Raymond a strong and trusted brand. ——————- Read this news also…
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Raymond owner Gautam Singhania’s boat capsizes in Maldives: airlifted to Mumbai for treatment; 2 people including Indian missing in accident
