Gautam Singhania told NDTV’s Tamanna Inamdar that in the course of his 48‑year tenure he has "lost a large part of my family" to protect Raymond Group, underscoring the personal cost of corporate stewardship.
He added that the company’s 50,000‑strong workforce depends on his decisions, and that the family’s role has shifted from a business unit to a guardian of livelihoods. The chairman said he has resolved every internal dispute in the last quarter‑century, but the stakes have grown higher as employees’ futures are on the line.
In response, Raymond announced the formation of a Corporate Governance Task Force that will convene in the fourth quarter of 2026. The committee will review succession plans, financial segregation, and conflict‑resolution protocols, aiming to prevent future family‑related disruptions.
A textile worker from Kanpur, who has been with Raymond for 12 years, said the company’s stability means his family’s rent and his mother’s medical bills are secure. He added that he hopes the new governance measures will give employees more confidence in their employer’s long‑term commitment.
The Task Force’s first meeting is scheduled for November 15, 2026, and its recommendations will be presented to the board at the annual shareholders’ meeting in December.