Raymond Group Appoints Rakesh Tiwary as New Group CFO

Raymond Group has announced a key leadership transition as part of its broader transformation strategy aimed at driving the next phase of growth. 

The company has appointed Rakesh Tiwary as the new Group Chief Financial Officer, effective December 3, 2025. This follows the transition of Amit Agarwal, who stepped down as Group CFO on December 2, 2025, and will now take on a full-time role within Raymond Lifestyle Ltd.

Extensive Experience Across Core Sectors

Rakesh Tiwary brings more than 25 years of financial leadership experience spanning multiple critical sectors including cement, airports, electricity, solar, steel, energy and oil. His career includes CFO roles at Adani Cement, Adani Airports, Adani Electricity and Adani Solar, along with senior positions at JSW Steel, Reliance Industries and Indian Oil Corporation. 

With expertise in financial planning, capital structuring, governance, integration and performance transformation, he adds significant strategic depth to Raymond’s leadership team. Tiwary is also a Chartered Accountant, Cost Management Accountant and an MBA graduate.

Strengthening Governance and Financial Strategy

Raymond Group stated that the leadership change reinforces its commitment to strengthening financial discipline, governance and long-term strategic planning. The company has been undergoing a multi-year transformation with a focus on unlocking shareholder value through a sharper business structure and operational efficiency.

Transformation Into Three Independent Listed Entities

As part of this strategy, Raymond has reorganised itself into three independent, pure-play listed companies, each operating as net debt-free entities. Raymond Lifestyle Limited was listed on September 5, 2024, followed by Raymond Realty Limited on July 1, 2025. The parent entity, Raymond Limited, now focuses primarily on high-precision engineering. 

The Group has expanded beyond its traditional textiles and apparel business into emerging sectors such as aerospace, defence and electric vehicle components, aligning itself with high-growth opportunities.

Raymond Share Price Performance

On December 4, 2025, Raymond share price (NSE: RAYMOND) opened at ₹468.00, up from its previous close of ₹468.00. At 10:33 AM, the share price of Raymond was trading at ₹471.60, up by 0.77% on the NSE.

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Conclusion

The appointment of Rakesh Tiwary marks another step in Raymond Group’s ongoing transformation journey. As the company strengthens its financial leadership and sharpens its strategic direction, it positions itself to capture growth across both established and emerging sectors.

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