Raymond Ltd, has entered its second century with a transformed corporate structure following the demerger of its three independently listed entities as Lifestyle, Real Estate and Engineering businesses.
It is a move that the flagship company of the Raymond Group describes it as the most consequential strategic decision in its recent history.
The restructuring is aimed at creating focused businesses with dedicated capital, leadership and growth strategies, while positioning Raymond Ltd as an engineering-led enterprise with increasing emphasis on aerospace, precision manufacturing and automotive components.
Starting with Thane
Founded in 1925 with a woollen mill in Thane supplying fabrics and blankets to the Defence Forces, Raymond today operates through three listed entities spanning lifestyle, real estate and engineering businesses.
Chairman’s message
In the latest annual report, Chairman and Managing Director Gautam Hari Singhania said the company was entering a new phase of growth at a time when capital markets increasingly favour focused businesses over diversified conglomerates.
“For Raymond, FY26 is precisely such a moment. We have entered the second century with an evolved identity of a multi-business conglomerate,” he said.
Strong players
Explaining further, he said that each is a strong player in its domain, draws on a hundred years of institutional credibility, and is now empowered to pursue its own growth journey with focused capital, astute leadership and unbridled ambition.
Singhania noted that while diversified business groups were well suited to an era of capital scarcity, deeper capital markets and sector-specialist investors now favour pure-play businesses with greater accountability and sharper execution.
Engineering focus
As part of its transformation, Raymond is strengthening its position in high-value manufacturing through investments of nearly ₹1,000 crore in aerospace and automotive components through its subsidiaries JK Maini Precision Technology and JK Maini Global Aerospace..
The company is establishing a ₹510 crore aerospace manufacturing facility in Andhra Pradesh to produce high-precision aero-engine parts for global original equipment manufacturers (OEMs) and ₹430 crore in a new automotive component facility at Gudipalli to support India’s expanding electric vehicle supply chain.
Nation-building agenda
“Raymond is establishing itself as a vital architect in the story of India’s industrial ambitions. Our new aerospace manufacturing facility in Andhra Pradesh and automotive component facility at Gudipalli together declare our intent to be a globally significant precision manufacturing platform,” he said.
“To contribute to the nation’s journey towards becoming a manufacturing superpower, proving that Indian enterprise can win at the highest global levels. At Raymond, we have decided to do our share to contribute to nation building,” he added,