Raymond Ltd

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Raymond Ltd
Company type Public company
BSE:  500330 NSE:  RAYMOND
Industry Textiles
Founded1925;99 years ago (1925)
FounderAlbert Raymond
Headquarters,
India
Key people
Revenue$ 800 million
$ 797 million
$ 850 million
Total assets $ 500 million
Total equity $ 475 million
Parent Raymond Group
Website myraymond.com

Raymond Ltd is largest integrated manufacturer of fabric in the world based in Mumbai, Maharashtra. [3] It has over 60% market share in suiting in India. It is also India's biggest woolen fabric maker. [4] Textile division of the company has a distribution network of more than 4,000 multi-brand outlets and over 637 exclusive retail shops [5] in the domestic market itself. [6] Suitings are available in India in over 400 towns through 30,000 retailers and an exclusive chain is present in over 150 cities across India. Its products exports to over 55 countries including US, Canada, Europe, Japan and the Middle East. It has more than 20,000 design and colours of suiting fabric which makes it one of largest collection of designs and colours by single company. [7] It was listed as India's most trusted apparel brand by The Brand Trust Report in 2015. [8]

Contents

History

It was incorporated as the Raymond Woollen Mill during the year 1925 by Albert Raymond and Abraham Jacob Raymond near Thane Creek. Lala Kailashpat Singhania took over The Raymond Woollen Mill in the year 1944. In 1958, then with lot of hardwork and efforts Mr. Gopalkrishna Singhania and thereafter Mr. Vijaypat Singhania made this small fabric company into an world renowned brand. The exclusive Raymond Retail showroom, King's Corner, was opened at Ballard Estate in Mumbai. [9] In 1968, Raymond had set up a readymade garments plant at Thane. A new manufacturing facility was set up at Jalgaon (Maharashtra) during the year 1979 to meet the increasing demand for worsted woollen fabrics. In the year 2000, Vijaypat Singhania handed over his company to his younger son Gautam Singhania and in the year 2015, he gave 37.57% of the total shares to him. [10]

In November 2015, Raymond announced that Sanjay Behl would be taking over as CEO, and M Shivkumar as CFO. [11]

Related Research Articles

<span class="mw-page-title-main">Worsted</span> Fabrics manufactured from worsted yarns

Worsted is a high-quality type of wool yarn, the fabric made from this yarn, and a yarn weight category. The name derives from Worstead, a village in the English county of Norfolk. That village, together with North Walsham and Aylsham, formed a manufacturing centre for yarn and cloth in the 12th century, when pasture enclosure and liming rendered the East Anglian soil too rich for the older agrarian sheep breeds. In the same period, many weavers from the County of Flanders moved to Norfolk. "Worsted" yarns/fabrics are distinct from woollens : the former is considered stronger, finer, smoother, and harder than the latter.

<span class="mw-page-title-main">Thane</span> City in Maharashtra, India

Thane is a metropolitan city located on the northwestern side of the state of Maharashtra in India and on the northeastern side of Mumbai. It is an immediate neighbour of Mumbai city proper, and a part of the Mumbai Metropolitan Region. It is situated in the north-eastern portion of the Salsette Island.

<span class="mw-page-title-main">Flannel</span> Soft woven fabric with a lightly napped surface

Flannel is a soft woven fabric, of varying fineness. Flannel was originally made from carded wool or worsted yarn, but is now often made from either wool, cotton, or synthetic fiber. Flannel is commonly used to make tartan clothing, blankets, bed sheets, sleepwear, and several other uses.

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References

  1. "Raymond Contact Us". Raymondindia.com. Retrieved 6 January 2011.
  2. "Raymond board approves foray into real estate sector". Financialexpress.com. 18 September 2009. Retrieved 6 January 2011.
  3. "Raymond withdraws Notting Hill from metros". The Hindu Business Line. 15 October 2009. Retrieved 6 January 2011.
  4. "Raymond buys finest Australian wool". Financial Express. 19 March 2010. Retrieved 6 January 2011.
  5. "Raymond exits home retail business - Money - DNA". Dnaindia.com. 23 June 2010. Retrieved 6 January 2011.
  6. "Raymond Ltd strengthens its national retail presence". Moneycontrol.com. Retrieved 6 January 2011.
  7. "Raymond Worsted Suiting Fabric". MyRaymond. myRaymond.com. Retrieved 6 January 2011.
  8. Chandramouli (2015). The Brand Trust Report India Study 2015. TRA. p. 96. ISBN   978-81-920823-8-7.
  9. "Raymond Ltd. Strengthens its National Retail Presence". Indiaprwire.com. Retrieved 6 January 2011.
  10. "Retired tycoon Vijaypat Singhania and son indicate they are ready for truce". The Economic Times. Retrieved 22 July 2022.
  11. "Raymond infuses Rs 61.68 cr cap in RLCL; appoints new CFO". www.moneycontrol.com. 17 November 2015. Retrieved 2 December 2015.