Raymond Limited has announced the appointment of Bhanu Prakash Srivastava as the CEO of its Defence Business, effective July 6, 2026, as per the exchange filings.
This appointment is part of the company's strategic move to strengthen its position in the defence and aerospace sector.
Mr. Bhanu Prakash Srivastava holds a Bachelor of Technology degree in Mechanical Engineering from IIT-BHU, Varanasi, and a Master of Business Administration. He has accumulated over 4 decades of experience at Bharat Electronics Limited (BEL), where he held various senior leadership roles.
His tenure at BEL included significant contributions to business growth in areas such as military and telecom switching equipment, C4I systems, radars, sonars, and communication systems for the navy.
As Chairman & Managing Director of BEL, Bhanu Prakash tripled market capitalisation from ₹51,000 crore to ₹1.5 lakh crore, secured ₹55,000+ crore in new orders, and launched 100+ products while strengthening R&D.
During his time at BEL, Mr. Srivastava served as Chairman & Managing Director from 2022 to 2024. His leadership was instrumental in driving profitability and business expansion across several domains, including manufacturing, project management, and quality management.
His expertise spans diverse functions, making him a valuable addition to Raymond's senior management team.
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In his new capacity as CEO, Mr. Srivastava is tasked with defining Raymond's strategic vision, operational roadmap, and growth agenda as the company transitions into a future-ready, technology-led defence platform.
He will spearhead the company's long-term defense strategy, shifting Raymond's existing engineering strengths from precision manufacturing into higher-value verticals.
These focus areas include defence electronics, software solutions, systems integration, and adjacent automotive and aerospace technologies.
Commenting on the transition, Gautam Hari Singhania, Chairman & Managing Director of Raymond Limited, stated that India's defence sector is entering a defining phase of self-reliance, making Mr. Srivastava the ideal leader to establish Raymond as a trusted private-sector partner in the nation's defence ecosystem.
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.
As of July 07, 2026, at 2:27 PM, Raymond share price on NSE was trading at ₹606.50, down by 2.63% from the previous closing price.
Bhanu Prakash Srivastava's appointment as CEO of Raymond's Defence Business, effective July 6, 2026, marks a strategic move by the company. With over 4 decades of experience at Bharat Electronics Limited, his leadership is expected to enhance Raymond's capabilities in the defence and aerospace sectors.
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Published on: Jul 7, 2026, 4:01 PM IST
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