Raymond Limited's Chairman and Managing Director, Gautam Hari Singhania, has communicated the company's new 'Raymond 2.0' vision to shareholders, aiming to reinvent the 100-year-old brand into a modern, purpose-led enterprise.
Key highlights of the announcement include:
- The company has successfully achieved net debt-free status, divested its FMCG business, demerged and listed its Lifestyle business, scaled its Real Estate operations, and acquired/consolidated its Engineering capabilities.
- Raymond Group has created three independent, net debt-free, and focused entities with strong management and governance frameworks.
- The Lifestyle Business has evolved into a comprehensive lifestyle destination with a three-pronged strategy:
- Strengthen the Core in branded textiles.
- Accelerate the Growth in apparel and garmenting.
- Build the New across ethnic wear, innerwear, and sleepwear.
- Raymond Realty has been listed as a second independent growth lever, described as a net debt-free, pure-play real estate entity that has rapidly ascended to become one of the Top 5 developers in the Mumbai Metropolitan Region (MMR).
- The company's engineering prowess spans critical high-growth sectors like aerospace, defence, and automotive, uniquely positioning it to capitalize on the China+1 strategy, increase its order book, and sustain high double-digit growth.
- Raymond 2.0 will be anchored on three powerful pillars: Lifestyle, Real Estate, and Engineering, with a disciplined approach to capital allocation and a commitment to governance, engineering excellence, and accelerated technology adoption for long-term growth and value creation.