In a shocking move, Raymond has sacked its founder Vijaypat Singhania the company's chairman-emeritus through a letter. According to a report, a letter dated September 7, signed by the company's Board of Directors said that the company had taken “strong dissent of the unparliamentary and derogatory language” used in the senior Singhania’s letters. Vijaypath had written a series of letters to the company secretary and then to the Board, stating that he had been kept out of the loop about board meetings.

In a shocking move, Raymond has sacked its founder Vijaypat Singhania the company's chairman-emeritus through a letter. According to a report, a letter dated September 7, signed by the company's Board of Directors said that the company had taken “strong dissent of the unparliamentary and derogatory language” used in the senior Singhania’s letters. Vijaypath had written a series of letters to the company secretary and then to the Board, stating that he had been kept out of the loop about board meetings.