Raymond Ltd
 | |
| Company type | Public company |
|---|---|
| BSE: 500330 NSE: RAYMOND | |
| Industry | Textiles |
| Founded | 1925 |
| Founder |
|
| Headquarters | , India |
Key people |
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| Parent | Raymond Group |
| Website | raymond |
Raymond Ltd is an integrated fabric manufacturer headquartered in Mumbai.
Overview
The company's textile division operates a distribution network with over 4,000 multi-brand outlets and 637 exclusive retail shops.[3] In the domestic market,[4] Raymond suiting fabrics are available in over 400 towns through 30,000 retailers, and in a chain of stores across more than 150 cities in India.
History
Raymond Ltd. was incorporated as Raymond Woollen Mill in 1925 by Albert Raymond and Abraham Jacob Raymond near Thane Creek. Lala Kailashpat Singhania took over Raymond Woollen Mill in 1944. The Raymond Retail showroom, King's Corner, was opened at Ballard Estate in Mumbai in 1958.[5] In 1968, Raymond established a garment plant in Thane, and in 1979, a new manufacturing facility was set up in Jalgaon (Maharashtra) to meet the rising demand for worsted woollen fabrics.
In 2000, Vijaypat Singhania handed over the company to his younger son, Gautam Singhania, and in 2015, he transferred 37.57% of the total shares to him.[6]
In November 2015, Raymond announced the appointments of Sanjay Behl as CEO and M Shivkumar as CFO.[7]
References
- ^ "Raymond Contact Us". Raymondindia.com. Archived from the original on 30 December 2010. Retrieved 6 January 2011.
- ^ "Raymond board approves foray into real estate sector". Financialexpress.com. 18 September 2009. Retrieved 6 January 2011.
- ^ "Raymond exits home retail business – Money – DNA". Dnaindia.com. 23 June 2010. Retrieved 6 January 2011.
- ^ "Raymond Ltd strengthens its national retail presence". Moneycontrol.com. Retrieved 6 January 2011.
- ^ "Raymond Ltd. Strengthens its National Retail Presence". Indiaprwire.com. Retrieved 6 January 2011.
- ^ "Retired tycoon Vijaypat Singhania and son indicate they are ready for truce". The Economic Times. Retrieved 22 July 2022.
- ^ "Raymond infuses Rs 61.68 cr cap in RLCL; appoints new CFO". moneycontrol.com. 17 November 2015. Retrieved 2 December 2015.