Raymond Ltd Appoints Rakesh Tiwary as Group CFO
Filing Summary
Raymond Ltd has announced the appointment of Rakesh Tiwary as the new Group Chief Financial Officer, effective December 3, 2025. This leadership change follows Amit Agarwal’s transition to focus on Raymond Lifestyle Ltd. Tiwary brings over 25 years of financial leadership experience from roles at Adani Group and other major corporations. This appointment is part of Raymond’s ongoing transformation, which includes restructuring into three independent, net debt-free entities. The company has expanded its focus to include aerospace, defense, and electric vehicle components.
Raymond Ltd has appointed Rakesh Tiwary as the new Group Chief Financial Officer, effective December 3, 2025. This change follows Amit Agarwal‘s transition to focus on the Lifestyle business within Raymond Lifestyle Ltd, stepping down as Group CFO on December 2, 2025.
Tiwary brings over 25 years of financial leadership experience across sectors such as cement, airports, electricity, solar, steel, energy, and oil. His previous roles include CFO positions at Adani Cement, Adani Airports, Adani Electricity, and Adani Solar. He has also held leadership roles at JSW Steel, Reliance Industries, and Indian Oil Corporation. Tiwary is a Chartered Accountant, Cost Management Accountant, and holds an MBA degree.
This appointment is part of Raymond’s ongoing transformation, which includes restructuring into three independent, net debt-free entities. Raymond Lifestyle Limited was listed on September 5, 2024, followed by Raymond Realty Limited on July 1, 2025. Raymond Ltd now focuses on the Engineering business, expanding into sectors such as aerospace, defense, and electric vehicle components.
Raymond’s engineering business has a leadership position in manufacturing files and hand tools, with a significant presence in national and international markets. The acquisition of Maini Precision Products Limited has allowed Raymond to enter the aerospace, defense, and EV components sectors, catering to both international and domestic markets.
Raymond Ltd, established in 1925, is a leader in fabric manufacturing and has expanded into engineering and real estate sectors. The company has restructured to focus on its core engineering vertical, which includes Tools & Auto Components and Aerospace & Defence. Raymond continues to innovate and expand its presence in sunrise sectors, reflecting its commitment to national progress and purposeful innovation.