India’s textile tycoon Gautam Singhania, owner of the Raymond Group — widely regarded as one of the world’s largest suppliers of suiting fabric — has been injured in a high-speed boat accident in the Maldives, while two Indian nationals, including a prominent racing driver, remain missing.
The incident occurred in the early hours of Saturday in waters near Vaavu Atoll. According to Vaavu Atoll Council President Sujau Ali, the vessel was travelling at approximately 72 km/h, nearly twice the usual operating speed of around 42 km/h for standard gulf craft in Maldivian waters. The launch reportedly flipped during the journey, though it remains unclear whether it struck a reef. Authorities are continuing investigations into the cause of the accident.
Singhania was rescued and taken to a medical facility in Vaavu Atoll, where he reportedly refused to provide personal information required for treatment, instead asking staff to “Google” his details. Sources indicate he sustained multiple injuries. He was later flown back to India, where media reports say he received treatment at a Mumbai hospital before being discharged home.
Among the missing is Indian racing car driver Hari Singh, while the identity of the second missing individual has not yet been confirmed. Hari Singh is known in India’s motorsport circles for his participation in national racing championships and endurance events and is believed to have close personal and social links with Singhania.
The Maldives National Defence Force Coast Guard has deployed divers and aerial surveillance assets as part of an ongoing search and rescue operation, with efforts intensified amid strong currents and challenging reef conditions.
The High Commission of India in Maldives is working closely with Maldivian authorities to support the response and provide consular assistance.
The incident occurred during a peak tourist season in the Maldives, raising concerns as private vessel owners fail to adhere to maritime safety rules and regulations, resulting in such incidents.
Singhania has also been in the public spotlight in recent months over a domestic dispute. In late 2023, allegations of domestic violence were filed against him by his estranged wife, leading to ongoing legal proceedings in India.
A spokesperson for the Raymond Group is not avilable for comment yet.
