In an address to shareholders, Gautam Hari Singhania, Chairman and Managing Director of Raymond Limited, unveiled the group’s next phase of evolution—Raymond 2.0—a bold and purpose-driven transformation strategy aimed at repositioning the 100-year-old conglomerate as a “modern, purpose-led enterprise aligned with India’s transformation”.
“This milestone, marked by the listing of Raymond Realty Ltd., represents our commitment to deliver exceptional shareholder value and sets the stage for our ambitious journey toward building a global Indian powerhouse,” Gautam Hari Singhania said.
Raymond Realty was demerged from parent Raymond Ltd on May 1 and is all set to get listed on stock exchanges on July 1. Earlier last week, the real estate arm constituted a new board of directors. The company appointed four independent directors to the board – K Narsimha Murthy, Dipali Sheth, Ashish Kapadia and Bharat Khanna. Gautam Hari Singhania will serve as Chairman of Raymond Realty, while Harmohan Sahni has been named Managing Director and Chief Executive Officer. Gautam Trivedi, co-founder of Nepean Capital, has joined as a non-executive director, the company informed.
With the upcoming listing of Raymond Realty, Singhania said, the group is now home to three independent, net debt-free and focussed entities that have strong management and governance framework. These businesses range from Lifestyle, Real Estate and Engineering. Singhania, in his address, said that this is not just a corporate restructuring but a strategic reinvention designed to make Raymond a global Indian powerhouse.
Focused strategy for lifestyle business
Shedding its identity as merely a suiting giant, Singhania said, Raymond has now been repositioned as a full-spectrum lifestyle player. With its demerger and listing, the Lifestyle arm of Raymong is pursuing a three-pronged strategy:
– Strengthening its core in branded textiles
– Accelerating growth in apparel and garmenting
– Building new categories such as ethnic wear, innerwear, and sleepwear
Realty business as growth engine
Calling Raymond Realty as the ‘crown jewel of transformation’, Singhania described it 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), demonstrating our ability to execute at scale in India’s most competitive real estate market.”
Going forward, with a significant development pipeline, he added, Raymond Realty is perfectly positioned to tap into India’s urban renaissance and become a key lever of the company’s future growth story.
Engineering bets on global supply chain shift
Raymond’s engineering business is also poised for accelerated growth as global supply chains shift and the China+1 strategy accelerates. “Our engineering prowess spans across critical high-growth sectors—aerospace, defence, and automotive—where our execution capabilities for precision, reliability, and innovation are unmatched,” Singhania said. This, he added, positions the company to increase its order book and sustain high double-digit growth.
Raymond 2.0: Anchored in three pillars
Looking ahead, Singhania said the Raymond 2.0 strategy will be anchored in three pillars—Lifestyle, Real Estate, and Engineering. “Our disciplined approach to capital allocation, combined with our strategic assets and deep understanding of the Indian consumer positions us to deliver sustainable returns,” he said.