On Monday, billionaire Gautam Singhania publicly declared his separation from his wife Nawaz, explaining that they have opted to follow different paths. The 58-year-old chairman and managing director of the conglomerate Raymond Ltd, spanning textiles to real estate, conveyed through social media posts that this Diwali carries distinct significance due to their decision.
Singhania, who had married Nawaz Modi in 1999 after an eight-year courtship, reflected on their 32-year journey as a couple. He acknowledged their roles as parents and mutual pillars of support, expressing gratitude for the two beautiful additions to their lives.
While avoiding specific details about the separation and arrangements for their two children, Singhania addressed recent developments, emphasizing the prevalence of baseless rumors and gossip. He underscored the decision to part ways with Nawaz while prioritizing the well-being of their two children, Niharika and Nisa. Singhania requested privacy and respect for their personal choices, urging understanding during this challenging period.
Before making the separation announcement, Singhania shared news about his group’s real estate arm expanding in Mumbai, securing three new projects in the Mumbai Metropolitan Region with a combined revenue potential exceeding ₹5,000 crore (USD 678 million). Singhania expressed confidence in the growth trajectory of the realty business, underscoring the commitment to delivering the highest level of quality associated with the Raymond Group for upcoming projects.
Known for his adventurous spirit akin to his aviator father Vijaypat, Singhania has been in the public eye not only for his business ventures but also for his enthusiasm for racing fast cars on circuits around the world.