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Earlier this month, Singhania took a test drive of Lamborghini's latest supercar, the Revuelto.

Raymond Boss Gautam Singhania Slams Lamborghini After Revuelto Breakdown

Earlier this month, Singhania took a test drive of Lamborghini's latest supercar, the Revuelto.

Textile tycoon Gautam Singhania, Chairman and Managing Director of Raymond, recently called out the Italian car giant Lamborghini on social media with some serious disappointment.
But what sparked his frustration? And why did he feel the need to publicly criticize Lamborghini India's head and the Asia head?
Let&rsquo;s rewind a bit. Earlier this month, Singhania took a test drive of Lamborghini's latest supercar, the Revuelto.
The brand-new Revuelto experienced a complete electrical failure&mdash;yes, you heard that right&mdash;and left him stranded in the middle of Mumbai&rsquo;s trans-harbour link! How would you feel if a luxury car you trusted suddenly failed you?
And here&rsquo;s the kicker&mdash;according to Singhania, Lamborghini&rsquo;s team did not help.
Social media users had mixed reactions. Some backed Singhania, saying they&rsquo;ve faced similar issues with big brands, while others pointed out an interesting irony: now even high-profile business owners are experiencing the frustration that ordinary customers feel when complaints are ignored.
So what&rsquo;s next? Will Lamborghini respond, or will this story fuel a larger conversation about how brands treat their customers? Stay tuned!.
Also Watch: <a href="https://www.editorji.com/business-news/viral-we-should-stop-buying-from-germany-piyush-goyal-confronts-german-vice-chancellor-on-china-iss-1730093195525">Viral |'We Should Stop Buying From Germany', Piyush Goyal Confronts German Vice Chancellor on China Issue</a>

On Monday, Singhania, however, assured employees and board members that it is "business as usual" in the company and he is fully committed towards its smooth functioning

Raymond's independent directors hire legal counsel amidst Gautam Singhania's family feud

<h2>On Monday, Singhania, however, assured employees and board members that it is "business as usual" in the company and he is fully committed towards its smooth functioning</h2>

Raymond's independent directors have taken a proactive step by engaging senior legal counsel, Berjis Desai, to guide them through the ongoing marital discord between Chairman Gautam Singhania and his estranged wife, Nawaz Modi. In response to the situation, the IDs emphasized their vigilance and assurance to protect stakeholders' interests while maintaining a dispassionate approach.
The IDs clarified that while they remain watchful, they aren't mandated to delve into the personal disputes between the company's promoter directors. This move follows allegations of assault made by Modi against Singhania, prompting proxy advisory firm IiAS to recommend an investigation by the IDs.
Meanwhile, Singhania assured the company's normal functioning, addressing employees and the board, emphasizing that his personal life should not affect the company's dignity. This comes amidst Raymond's recent financial report, citing a slight profit increase in Q2 FY24, even as the company.&nbsp;
Also read/watch - <a title="₹2,000 notes: 2.74% of notes still with public says RBI" href="https://www.editorji.com/business-news/economy/2-000-notes-ban-2-74-of-notes-still-with-public-says-rbi-1701419660967">₹2,000 notes: 2.74% of notes still with public says RBI</a> Gautam Singhania's family feud
Earlier November, Singhania announced that he has separated from his wife Nawaz, in an announcement that comes amid speculation over the future of their 32-year relationship.
The billionaire industrialist, whose net worth is reported to be over Rs 11,000 crore, made the announcement over microblogging platform X, saying it was not the same Diwali as in the past.
The industrialist is helming the multi-decade old group having roots in textiles, which branched out into newer ones like real estate. The couple has two children.&nbsp;

gautam singhania raymond

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