Rakesh brings more than 25 years of financial leadership experience across sectors including cement, airports, electricity, solar, steel, energy and oil. His background spans strategic financial planning, capital structuring, governance, integration and performance transformation. His prior roles include CFO positions at Adani Cement, Adani Airports, Adani Electricity and Adani Solar, along with leadership roles at JSW Steel, Reliance Industries and Indian Oil Corporation. He is a Chartered Accountant, Cost Management Accountant and holds an MBA degree.

The move reaffirms the group’s ambitions in strengthening the organisation’s financial strategy and governance framework as it continues its transformation journey. To unlock shareholder value and drive focused growth, Raymond has restructured into three independent, pure-play listed entities, each net debt-free. Raymond Lifestyle Limited was listed on September 5, 2024, followed by Raymond Realty Limited on July 1, 2025, while Raymond Limited now focuses on the Engineering business. From fabrics to real estate and now high-precision engineering, the company has expanded into sunrise sectors such as aerospace, defense, and electric vehicle (EV) components. This transformation reflects more than business ambition—it represents a deep commitment to national progress and purposeful innovation.

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Bangalore – 07^th November 2025 – Marking 100 years of trust, quality, and excellence, India’s home grown legacy brand Raymond celebrated its centenary with a striking symbol of its future readiness — a musical tribute film powered entirely by generative AI. In a first-of-its-kind initiative, the 3.5-minute film brings to life AI-generated models with realistic human personas, blending technology and emotion into a cinematic narrative that reimagines what storytelling can be for heritage brands.

The Journey Behind the Film
The ambitious project began on August 16, 2025, when creative agency Marketing Mojito was tasked with transforming Raymond’s vision into a living, breathing AI-driven tribute. From scripting and storyboarding to generating frames, characters, and environments — every aspect was created from scratch. The team worked almost round-the-clock for 15 days, pushing through server crashes, rendering errors, and creative hurdles to deliver a cinematic piece that embodied Raymond’s century-long spirit of innovation in time for the iconic event.

The centenary tribute not only honors Raymond’s rich legacy but also signals a bold step into the future, where creativity and technology converge. Even as the brand embraces AI to craft new-age stories, its heart remains anchored in the craftsmanship and values that have defined it for a century.

Speaking about the centenary tribute, Rohit Khanna, Head of Corporate Communications, Raymond Group, said, “At Raymond, our vision was to create more than a tribute – a living bridge between a century of legacy and the limitless future ahead. By harnessing AI, we were able to unite heritage and innovation into one evocative story that reflects who we are and where we’re going. Delivering a project of this scale in just weeks stands as a testament to our team’s agility and to what becomes possible when human creativity and intelligent technology work as one.”

Echoing the sentiment, Rahul Arora, CEO, Marketing Mojito, shared, “This project proves that AI doesn’t replace human creativity, but it amplifies it. Our aim was to fuse technology with emotion, and the Raymond tribute became the perfect canvas. It sets a new benchmark for how legacy brands can use innovation to tell timeless stories.” Every frame was an exercise in balance, keeping the soul of a hundred-year-old brand intact while letting technology paint the future. AI became our brush, but emotion was still the colour.

As AI reshapes the marketing landscape, projects like this highlight how storytelling is evolving beyond static communication into immersive, human-like engagement. For Raymond, using AI to celebrate its centenary wasn’t just an artistic choice, it was a thoughtful reflection of the emotional bond the brand has built with generations of consumers, employees, and partners over the last century.

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Gautam Singhania, Chairman and Managing Director, Raymond Group, said, “Fast & Fabulous is a unique celebration of detail, design and daring, ideals that Raymond has championed for a century. This event is a reflection of new age India and its unbridled ambition – synonymous with the ethos of timeless quality and style”

At the heart of this spectacle was Raymond, joining as the official Style Partner in celebration of its centennial year. With a legacy built over 100 years, Raymond brought a refined design sensibility to the night, bridging its iconic heritage with a sharp, modern aesthetic that resonated across generations.

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The Garment Exchange Program has expanded steadily over the years, which encourages people to contribute wearable clothes they no longer need, and in return, receive free stitching services at select-The Raymond Shops & leading multi-brand outlets.

The initiative is live since the 4^th of July and continues till the 27^th of July, inviting customers to contribute garments in good condition and experience the “Joy of Giving”. These clothes will then be routed through their Campaign partner Goonj’s Circularity Centers, where, after detailed processing, these will become a part of Material kits, provided to rural communities, as dignified reward for their efforts and contribution to solve their own development issues from revival of water bodies to developing bamboo bridges.

One can choose to give garments across categories – from shirts and trousers to jackets, women’s and children’s wear etc. as long as they are in a good condition. Each customer can receive up to 15 stitching vouchers basis the no. of garments exchanged. These vouchers can then be redeemed on stitching charges on purchased Raymond fabrics at the relevant store.

Over the past few years, the response to the Look Good Feel Good initiative has been substantial. In 2024 alone, over 4 lakh garments were collected. States like Maharashtra, Gujarat and Delhi saw the highest engagement, a trend Raymond expects to see this year — with increased awareness around mindful consumption and social responsibility.

Speaking about the initiative, Paritosh Tiwari, Raymond Lifestyle Ltd., said, “Look Good Feel Good is not just a mere campaign, it is a reflection of what we stand for. Every garment contributed has the potential to become part of someone else’s story. Over the years, the response has shown us that people want to contribute, all they need is a platform that’s thoughtful and trustworthy. That’s what we aim to provide, in partnership with Goonj.”

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Mumbai, March 25, 2025 – Celebrating 100 years of Raymond, India’s iconic name in luxury fashion, hosted a spectacular evening curated by Luxury brand consultant Nisha JamVwal to unveil The Chairman’s Collection—a distinguished ensemble of Shirts, Bandhgalas, and Tuxedos that redefine timeless sophistication.

Set against the luxurious backdrop of The Atelier, the exclusive champagne sundowner brought together some of the city’s most eminent names in a celebration of heritage, artistry, and contemporary refinement. The evening was an immersive experience, featuring a striking bandhgala art installation, paying tribute to the enduring craftsmanship behind this iconic silhouette. Elevating the grandeur, five models graced the venue in impeccably tailored pieces from the collection, embodying the rich textures, intricate detailing, and sartorial excellence that define Raymond’s legacy.

Speaking at the event, Gautam Singhania, Chairman, Raymond Lifestyle Limited, remarked, “This is a milestone year for Raymond, and this limited edition of The Chairman’s Collection is our tribute to India’s rich heritage and craftsmanship. This impeccably styled collection – ranging from silk shirts to bandhgalas – exudes elegance and style, hallmarks of Raymond. As a homegrown Indian brand loved by millions, Raymond has crafted menswear offerings across price points for all occasions.”

Nisha JamVwal whose name is synonymous with luxury and perfection said, “The grandeur and flamboyance of every piece were so striking that I was excited to showcase them to the city’s glitterati! I could see Gautam Singhania’s passion for perfection and artistic excellence reflected in the collection.”

A seamless fusion of heritage and innovation, The Chairman’s Collection epitomizes refined luxury. Curated across Raymond Ready-to-Wear, Park Avenue, and Ethnix by Raymond, the collection offers an exquisite selection of pure silk shirts with intricate gold and silver embroidery, regal bandhgalas inspired by Baroque and Renaissance artistry, and impeccably crafted tuxedos that exude timeless charm. With opulent velvets in deep jewel tones, exquisite Zari embellishments, and sculpted silhouettes, the collection redefines power dressing for the modern gentleman.

The evening concluded with a sense of reverence for Raymond’s commitment to craftsmanship, leaving attendees captivated by a collection that seamlessly blends heritage, artistry, and contemporary sophistication. The Chairman’s Collection stands as a symbol of prestige and impeccable style and will be launched soon across select Raymond stores.

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Bengaluru, 7th February, 2025: Raymond Limited (the “Company”) is pleased to announce that its 100% owned step-down subsidiary, Ten X Realty West Limited, has signed a Joint Development Agreement of a prestigious residential project in the prime location of Mahim West, Mumbai.

This landmark project is estimated to have a revenue potential of approximately Rs. 1,800 crore and marks the Company’s second venture in this sought-after area of Mumbai. This also represents the 5th project undertaken by the Company outside of its existing developments in Thane, underscoring its strategic expansion within the Mumbai Metropolitan Region (MMR). This project will be the second residential project that the company will be developing in Mahim West, Mumbai.

This significant development aligns with Raymond Limited’s growth strategy to capitalize on opportunities within the dynamic MMR real estate market. The project is poised to contribute substantially to the Company’s future growth and solidify its presence as a key player in the region. With addition of this project, the Gross Development Value of Real Estate projects of the company will be close to Rs. 35,000 crores.

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From supercars and superbikes to vintage classics and modern marvels, the auto carnival will bring together over 500 vehicles under one roof. The event will see the presence of the global racing icons, Mika Häkkinen and Narain Karthikeyan, alongside motorsport veteran Gaurav Gill. The centre piece will be Ravi Shastri’s iconic Audi 100, restored by the Super Car Club Garage (SCCG), reflecting the craftsmanship and commitment to cherishing heritage that mirrors the ethos of the Raymond brand. The third-gen Audi 100, which went on sale internationally around 1982, was declared as a ‘national asset’ by Shastri himself after Gautam Singhania, Chairman & Managing Director, Raymond Group, handed over the restored vehicle to him.

Commenting on the event, Gautam Hari Singhania, said, “The Raymond 100 Autofest is more than a showcase of automobiles; it’s a celebration of passion, ingenuity and our deep connection with the community. This event encapsulates our ethos of excellence and evolution, much like the automotive world we’re celebrating – a perfect ode to our remarkable 100-year journey.”

Founded in 1925, the Raymond Group started as a humble textile manufacturer, flourishing into an institution synonymous with quality and innovation. Much like the evolution of the motoring world, the journey has been one of resilience, adaptation and reinvention. This Raymond 100 Autofest embodies this spirit, weaving a narrative of how both Raymond and the city of Thane have grown together, rooted in tradition yet looking towards the future.

This unique event, offering a once-in-a-lifetime experience for car and bike lovers across MMR, promises something for every visitor. Vintage automobile lovers will revel in the nostalgic allure of classic cars and vintage bikes, while thrill-seekers can marvel today’s superbikes and supercars, including Harley-Davidson. The atmosphere will be alive with live music performances, an eclectic flea market, interactive kid zones and gourmet food courts, ensuring a wholesome experience for families and casual visitors alike.

With its grand scale and ambitious vision, the Raymond 100 Autofest aims to earn a place in the Indian Book of Records through its eclectic display and sheer scale. Featuring rare gems of engineering brilliance, the event highlights India’s evolving automotive culture, blending heritage with contemporary innovations. It invites enthusiasts to immerse themselves in a celebration of artistry and craftsmanship that transcends generations. Whether one is drawn by the allure of vintage classics or the cutting-edge design of supercars, the Raymond 100 Autofest will be a gateway to experiencing history, innovation and the enduring legacy of India’s most beloved and trusted brand.

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Bengaluru, September 3, 2024: Raymond Lifestyle Ltd. (“RLL”), whose shares will be listed on the bourses on September 5, 2024, is on its way to towards the largest-ever retail expansion by adding 900 new outlets over three years. The Raymond Group’s lifestyle business entity is eyeing a 15% Compounded Annual Growth Rate (CAGR) to attain around 7% market share in the fast growing Men’s-Wear wedding market by 2027.

Raymond, which will now have two listed entities following the demerger of its retail and lifestyle businesses, is focussed on unlocking shareholder value by creating specialised businesses. Backed by a legacy of nearly a century, Raymond enjoys the position as the largest brand in the Indian Men’s-Wear wedding market, estimated at around Rs 75,000 crore. RLL, which is set to emerge among top three global fabric suppliers by the end of this year, has sales of Rs 2550 crore from the wedding business in FY’24, which includes Raymond’s wedding and ceremonial attire and Ethnix, its Indian ethnic wear offering.

Underscoring RLL’s role in further cementing itself in rapidly-expanding lifestyle segment, Mr. Gautam Singhania, Chairman and Managing Director, Raymond Group, said, “The demerger aims at unlocking shareholder value by creating a focussed lifestyle business entity. Raymond Lifestyle will sharpen strategic focus in this fast-growing sector to become among the top three global fabric suppliers by the end of this year. The global scenario presents significant opportunities, particularly the challenges in China and Bangladesh and trade agreements with the UK, EU and Australia.”

Highlighting RLL’s massive expansion plans, Mr. Sunil Kataria, CEO, Raymond Lifestyle, said, “The Raymond brand enjoys an iconic status in the Indian Wedding Men’s-Wear market. With Raymond Lifestyle, we are all set to embark upon the largest-ever retail expansion with 900 new outlets over three years, alongside launching new categories such as sleepwear and innerwear. Several other categories are also in the pipeline. When it comes to our existing brands, Ethnix has already established its distinct position in the market, and we plan to nearly triple our physical presence with an additional 300 Ethnix stores in the next three years. We believe that we can achieve unparalleled growth in this wedding segment, significantly consolidating our position as the dominant market leader.”

As a focussed, pure play consumer business, RLL is pursuing a three-pronged strategic approach of strengthening the core of branded textile, accelerating the growth of apparel garmenting and building new categories such as ethnic wear, inner wear, sleep wear and international retail. RLL is focussed on enhancing the distribution presence in the country and plans to set up over 650 Exclusive Brand Outlets (EBOs) over the next three years.

Speaking about RLL’s growth plans, Mr. Amit Agarwal, Chief Financial Officer, Raymond Group, said, “In the next three years, we anticipate Raymond Lifestyle doubling its EBITDA to over ₹20 billion. We are also looking towards a 12–15% sales growth in the lifestyle sector. The aim for Raymond Lifestyle would be to capture around 7% market share in the dynamic Men’s-Wear wedding market by 2027.”

Raymond is the 10th strongest brand in India, and the only fabric and apparel brand as recognised by Brand Finance. Guided by the enduring legacy of “The Complete Man”, Raymond has always epitomised the values of trust, quality and excellence. RLL is set to carry this legacy forward, continuing to define men’s fashion with the same timeless elegance.

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• Real Estate business maintained strong booking of ~₹ 611 Cr with 85% YoY growth
• Real Estate and existing Engineering business without Maini Precision grew by 50%
• Engineering business recorded a revenue of ~₹ 41G Cr with a growth of 100 % YoY
• Company has initiated the process of demerger of Real Estate Business

 Bengaluru, 6th August, 2024: Raymond Limited today announced its unaudited financial results for the quarter ended 30th June, 2024. Raymond Limited now includes Real Estate and Engineering businesses, excluding the Lifestyle business, which has been demerged into Raymond Lifestyle Limited.

A snapshot of the consolidated financial results: (Post IND AS 116)

Note: Raymond Limited now includes Real Estate and Engineering businesses, excluding the Lifestyle business, which has been demerged into Raymond Lifestyle Limited.

 Raymond Limited continues its growth momentum, delivering a robust performance with consolidated quarterly revenue from Real Estate and Engineering business of ₹ 998 Cr, reflecting a 93 % increase compared to the same quarter of the previous financial year, and an EBITDA of

₹162 Cr with an EBITDA margin of 16.2%. In Q1 FY25, the company achieved a strong booking value of ₹ 611 Cr, primarily driven by demand for ‘The Addressby GS 2.0’ in Thane and the recently launched JDA ‘The Address by GS’ in Bandra.

Raymond Limited completed the acquisition of Maini Precision Products Limited (MPPL) on 29th March 2024. Starting from Q1 FY25, the company has consolidated the performance of its Engineering business to include MPPL. The segment has shown strong performance post-

acquisition, marking Raymond Group’s entry into the sunrise sectors of Aerospace, Defense, and EV components.

Commenting on the performance, Gautam Hari Singhania, Chairman C Managing Director, Raymond Limited said; “We are satisfied with our business performance in Ǫ1 FY25, which underscores the strength and resilience of our business strategy. Our Real Estate business continues to expand its portfolio through the JDA route and we have been appointed as preferred developer in our fourth project outside thane land in Bandra MIG. Additionally, our foray into the Aerospace business, following the acquisition of MPPL, is showing promising signs with its strong performance in the first quarter. During the quarter we have successfully demerged Lifestyle business into a separate company that will be listed in Ǫ2FY25.”

Q1FY25 Segmental Performance (Post IND AS 116)

 Real Estate business: the business showcased strong sales performance, with 108% growth to ₹ 488 Cr in Q1 FY25 from ₹235 Cr in the same quarter of the previous year. Sustained home demand and increased customer confidence in Raymond Realty projects were the quarter’s highlights, with our committed delivery timelines much appreciated by our customers. The segment reported an EBITDA of ₹ 85 Cr in Q1 FY25 from ₹54 Cr in Q1FY24.

Engineering business:  segment reported sales of ₹ 419 Cr in Q1 FY25, doubling revenue compared to ₹209 Cr in the same quarter of the previous year. Revenue for Q1 FY 25 includes revenue from MPPL of ₹220 Cr, which was acquired in March 24. The segment delivered an EBITDA margin of 13.2%.

Strategic Initiatives:

In line with our objective of simplification of group structure, Raymond Limited has initiated the vertical demerger of its Real Estate Business into its wholly owned subsidiary, Raymond Realty Limited (RRL). Upon completion of this demerger, Raymond Ltd and Raymond Realty Limited (RRL) will operate as separate listed entities within the Raymond Group, pending all statutory approvals. The new entity will seek automatic listing on stock exchanges, and according to the scheme of arrangement, each Raymond Ltd (RL) shareholder will receive 1 share of RRL for every 1 share held in Raymond Limited. This strategic move comes as Raymond’s Real Estate Business has achieved scale, reporting revenue of ₹1,593 Cr (43% YoY growth) and EBITDA of ₹370 Cr in FY24, positioning it well to chart its own growth path as a separate entity.

Lifestyle business operational highlights:

 The demerger of the Lifestyle business was completed on 30th June 2024. The listing of Raymond Lifestyle Limited is expected in the second quarter of this year, and the information pertaining to the operational highlights of the Lifestyle business are below.

During the quarter, our Lifestyle business was impacted due to subdued consumer demand, prolonged heat waves, general elections, fewer wedding dates and inflation, which impacted overall revenue performance and margins.

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