Raymond Ltd

Last updated

Raymond Ltd
Company type Public company
BSE:  500330 NSE:  RAYMOND
IndustryTextiles
Founded1925;100 years ago (1925)
Founder
  • Albert Raymond
  • Abraham Jacob Raymond
Headquarters
Mumbai, Maharashtra [1]
,
India
Key people
Parent Raymond Group
Website raymond.in

Raymond Ltd is an integrated fabric manufacturer and a part of the Raymond Group, headquartered in Mumbai , India.

Contents

Overview

The company's textile division operates a distribution network with over 4,000 brand outlets and 637 exclusive retail shops. [3] [4] Raymond suiting fabrics are sold in over 400 towns through 30,000 retailers, as well as in a chain stores located in more than 150 cities across 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. In 1958, the company opened its Retail showroom King's Corner at Ballard Estate, Mumbai. [5] Raymond established a garment plant in Thane in 1968, and a manufacturing facility in Jalgaon ,Maharashtra, in 1979 to meet the demand for worsted woollen fabrics.

In 2000, Vijaypat Singhania transferred control of the company to his younger son, Gautam Singhania, and in 2015, 37.57% shares were transferred to him. [6]

In November 2015, the company appointed Sanjay Behl as CEO and M Shivkumar as CFO. [7]

References

  1. ↑ "Raymond Contact Us". Raymondindia.com. Archived from the original on 30 December 2010. Retrieved 6 January 2011.
  2. ↑ "Raymond board approves foray into real estate sector". Financialexpress.com. 18 September 2009. Retrieved 6 January 2011.
  3. ↑ "Raymond exits home retail business – Money – DNA". Dnaindia.com. 23 June 2010. Retrieved 6 January 2011.
  4. ↑ "Raymond Ltd strengthens its national retail presence". Moneycontrol.com. Retrieved 6 January 2011.
  5. ↑ "Raymond Ltd. Strengthens its National Retail Presence". Indiaprwire.com. Retrieved 6 January 2011.
  6. ↑ "Retired tycoon Vijaypat Singhania and son indicate they are ready for truce". The Economic Times. Retrieved 22 July 2022.
  7. ↑ "Raymond infuses Rs 61.68 cr cap in RLCL; appoints new CFO". moneycontrol.com. 17 November 2015. Retrieved 2 December 2015.
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