Raymond appoints Rakesh Tiwary as Group CFO

Raymond Group today announced a leadership transition as part of its ongoing transformation gearing up for next phase of growth. The Group has appointed Mr. Rakesh Tiwary as the new Group Chief Financial Officer effective December 3, 2025. Amit Agarwal, who has been serving as the Group Chief Financial Officer while supporting several businesses within Raymond Lifestyle Ltd, will now move full-time into the Lifestyle business. He has stepped down as Group CFO effective December 2, 2025.

Rakesh brings more than 25 years of financial leadership experience across sectors including cement, airports, electricity, solar, steel, energy and oil. His background spans strategic financial planning, capital structuring, governance, integration and performance transformation. His prior roles include CFO positions at Adani Cement, Adani Airports, Adani Electricity and Adani Solar, along with leadership roles at JSW Steel, Reliance Industries and Indian Oil Corporation. He is a Chartered Accountant, Cost Management Accountant and holds an MBA degree.

The move reaffirms the group's ambitions in strengthening the organisation's financial strategy and governance framework as it continues its transformation journey. To unlock shareholder value and drive focused growth, Raymond has restructured into three independent, pure-play listed entities, each net debt-free. Raymond Lifestyle Limited was listed on September 5, 2024, followed by Raymond Realty Limited on July 1, 2025, while Raymond Limited now focuses on the Engineering business. From fabrics to real estate and now high-precision engineering, the company has expanded into sunrise sectors such as aerospace, defense, and electric vehicle (EV) components. This transformation reflects more than business ambition-it represents a deep commitment to national progress and purposeful innovation.

Shares of Raymond Limited was last trading in BSE at Rs. 468.10 as compared to the previous close of Rs. 475.95. The total number of shares traded during the day was 9433 in over 458 trades.

The stock hit an intraday high of Rs. 481.95 and intraday low of 466.00. The net turnover during the day was Rs. 4427896.00.

Source : Equity Bulls

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