Raymond Group has announced a major leadership transition as part of its continued organisational transformation. The company has appointed Mr. Rakesh Tiwary as its new Group Chief Financial Officer, effective December 3, 2025. This move supports the next phase of the group’s growth.
Amit Agarwal Moves Fully to Lifestyle Business
Amit Agarwal, who previously served as Group CFO while supporting multiple verticals within Raymond Lifestyle Ltd, will now focus completely on the Lifestyle division. He stepped down from his Group CFO role on December 2, 2025. This shift allows the business to strengthen leadership focus across its growing portfolio.
Rakesh Tiwary Brings Over 25 Years of Experience
Rakesh joins Raymond with more than 25 years of financial leadership experience across industries such as cement, airports, electricity, solar, steel, energy and oil. Moreover, his expertise spans strategic financial planning, capital structuring, governance, integration and performance transformation.
He has held CFO roles at Adani Cement, Adani Airports, Adani Electricity and Adani Solar, and has also worked with JSW Steel, Reliance Industries and Indian Oil Corporation. He is a Chartered Accountant, Cost Management Accountant and holds an MBA degree.
Strengthening Financial Strategy and Governance
With this appointment, the group reinforces its commitment to building a strong financial strategy and robust governance framework. Raymond continues its transformation journey with a renewed focus on value creation and operational excellence.
Raymond’s Ongoing Transformation into Three Focused Entities
To unlock greater shareholder value, Raymond has reorganised itself into three independent, pure-play, listed entities, all net debt-free.
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Raymond Lifestyle Limited was listed on September 5, 2024.
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Raymond Realty Limited was listed on July 1, 2025.
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Raymond Limited now focuses exclusively on its Engineering division.
Expanding into New-Age Sectors
Over the years, Raymond has diversified from textiles to real estate and high-precision engineering. Today, it has expanded further into sunrise sectors such as aerospace, defense and EV components. This transformation reflects the company’s broader commitment to purposeful innovation and national progress.
