Raymond Realty Forms New Board Ahead of July Listing: Gautam Singhania to Become MD

Raymond Realty Ltd (RRL), the demerged real estate arm of Raymond Ltd, has announced the constitution of a new board of directors ahead of its planned listing in early July 2025.

Board Appointments Announced

The newly formed board includes 4 independent directors:

• K. Narsimha Murthy
• Dipali Sheth
• Ashish Kapadia
• Bharat Khanna

Gautam Hari Singhania, Chairman and Managing Director of Raymond Ltd, will serve as Chairman of RRL. Harmohan Sahni has been appointed as the Managing Director and Chief Executive Officer of the company. Joining as a non-executive director is Gautam Trivedi, co-founder of Nepean Capital.

Strategic Move to Strengthen Governance

These appointments are a part of Raymond Group’s strategic initiative to position RRL as a standalone, branded real estate company. The diverse experience of the board is expected to reinforce corporate governance and professional management.

Raymond Realty is actively involved in the development of both residential and commercial real estate projects. The company holds a strong presence in the Mumbai Metropolitan Region (MMR) and plans to unlock additional value through its upcoming pipeline of projects.

Upcoming Listing to Unlock Shareholder Value

The anticipated listing of Raymond Realty Limited will offer existing Raymond Ltd shareholders direct exposure to the demerged real estate business. It will also enable Raymond Realty to raise capital independently and fuel future expansion in one of India’s most competitive real estate markets.

Also Read: Raymond Realty Share to List on July 1, 2025: Unveils ₹14,000 Crore Expansion Plan

Raymond Demerger Background

Raymond has finished the demerger of its real estate arm, Raymond Realty, in line with its strategy to establish focused, pure-play businesses. As part of the arrangement, shareholders will receive one Raymond Realty share for each Raymond share they held as of the record date, May 14. The newly independent company is anticipated to be listed on both the NSE and BSE by the September quarter of FY26.

Raymond Realty's total revenue potential is now estimated at nearly ₹40,000 crore. This comprises ₹25,000 crore from its flagship Thane land parcel and ₹14,000 crore from its expanding portfolio of Joint Development Agreement (JDA) projects. Additional developments under this asset-light model are currently being evaluated.

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