Indian billionaire Gautam Singhania was among those injured in a sea accident in Vaavu atoll on early Friday morning (March 20).

Singhania, 60, the managing director of the Raymond Group, was injured when his speedboat capsized at around 1:15 am.

The speedboat belongs to his yacht TT Ashena. The Maldivian Coast Guard is still looking for two people who went missing in the accident.

Reliable sources told Adhadhu that the vessel involved in the accident was a Cigarette racing boat designed to be driven at high speeds.

Adhadhu understands that Singhania was driving the speedboat when it capsized.

Police confirmed that he sustained minor injuries in the accident. He was discharged from the hospital after treatment.

Adhadhu understands that he had six wounds, including to his face and hands.

TT Ashena.

According to some media reports, Singhania, with a net worth of about USD 1.4 billion, loves luxurious, high-speed cars. He also reportedly has an interest in driving racing boats.

At the time of the accident, there were seven people onboard the vessel, including Singhania. There were two women from the UK and Russia, and four Indian men.

The two missing people are of Indian nationality. The Maldives National Defence Force (MNDF) carried out drone surveillance today to look for them.

According to marine traffic monitoring websites, the yacht TT Ashena is now in a port in Mumbai. So it is likely that Singhania left the Maldives on the yacht.