Raymond Share Price Gains Over 2%; Appoints Bhanu Prakash Srivastava as CEO – Defence

Raymond Limited has announced the appointment of Bhanu Prakash Srivastava as the Chief Executive Officer – Defence, as per the exchange filings.  

This move marks a strategic expansion into the defence and aerospace sector in India, leveraging Srivastava's extensive experience in defence technologies. 

Raymond Appoints Bhanu Prakash Srivastava's as CEO - Defence 

On July 6, 2026, Raymond Limited appointed Bhanu Prakash Srivastava as CEO – Defence. Srivastava, a veteran with nearly 40 years of experience, previously served as CMD at Bharat Electronics Limited (BEL).  

At BEL, he tripled market capitalisation from ₹51,000 crore to ₹1.5 lakh crore, and secured over ₹55,000 crore in new orders and launched 100+ products while strengthening R&D. 

Raymond's Strategic Expansion 

Raymond Limited is expanding into India's defence and aerospace ecosystem, aligning with the nation's Atmanirbhar Bharat vision.  

The company aims to contribute to indigenous defence manufacturing, leveraging its strengths in manufacturing excellence and engineering precision. 

Read More: Belrise Industries Share Price in Focus; Receives NSE and BSE Nod for Merger Scheme! 

Raymond's Core Businesses 

Established in 1925, Raymond Group has been a leader in fabric manufacturing. After demerging its Lifestyle Business in 2024, Raymond Limited now focuses on Real Estate and Engineering. Raymond Realty is among the top 10 real estate players in India, while its engineering business is known for manufacturing files and hand tools. 

Raymond Share Price Performance  

As of July 06, 2026, at 11:58 AM, Raymond share price on NSE was trading at ₹624.20, up by 2.68% from the previous closing price. 

Conclusion 

Raymond Limited's appointment of Bhanu Prakash Srivastava as CEO – Defence signifies its strategic entry into the defence sector. With Srivastava's leadership, the company aims to enhance its engineering capabilities and develop advanced defence technologies. 

Want to read stock market updates in Hindi? Angel One News gives comprehensive share market news in Hindi. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.