Raymond Ltd

Raymond Ltd
public company (BSE: 500330 NSE: RAYMOND)
Industry Textiles
Founded 1925, Thane
Headquarters Mumbai, Maharashtra[1], India
Key people

Sanjay Behl (CEO),

Gautam Singhania, Chairman & Managing Director[2]
Revenue $ 800 million
$ 797 million
$ 850 million
Total assets $ 500 million
Total equity $ 475 million
Parent Raymond Group
Website Official Website

Raymond Ltd (BSE: 500330|NSE: RAYMOND) is largest integrated manufacturer of fabric in the world based in Mumbai, Maharashtra.[3] It has over 60% market share in suiting in India. It is also the India’s biggest woollen fabrics maker.[4] Textile division of the company has a distribution network of more than 4,000 multi-brand outlets and over 637 exclusive retail shops[5] in the domestic market itself.[6] Suitings are available in India in over 400 towns through 30,000 retailers and an exclusive chain is present in over 150 cities across India. Its products exports to over 55 countries including US, Canada, Europe, Japan and the Middle East. It has more than 20,000 design and colours of suiting fabric which makes it one of largest collection of designs and colours by single company.[7] It was listed as India's most trusted apparel brand by The Brand Trust Report in 2015.[8]

History

It was incorporated as the Raymond Woollen mill during the year 1925 near Thane Creek. Lala Kailashpat Singhania took over The Raymond Woollen Mill in the year 1944. In 1958, then with lot of hardwork and efforts Mr.Vijaypat Singhania make this small fabric company into the world's renowned Brand.the exclusive Raymond Retail showroom, King's Corner, was opened at Ballard Estate in Mumbai.[9] In 1968, Raymond had set up a readymade garments plant at Thane. A new manufacturing facility was set up at Jalgaon(Maharashtra) during the year 1979 to meet the increasing demand for worsted woollen fabrics. In the year 2000 vijaypat Singhania hand over his company to his only son Gautam Singhania and in the year 2015 he gave 37.57 % of the total shares to him . And then gets the retirement.but his beloved son betrayed him and disown him after getting everything so brutally.

In November 2015 Raymond announced that Sanjay Behl would be taking over M Shivkumar as CFO.[10]

References

  1. ↑ "Raymond Contact Us". Raymondindia.com. Retrieved 6 January 2011.
  2. ↑ 18 Sep 2009 at 0008 hrs IST (18 September 2009). "Raymond board approves foray into real estate sector". Financialexpress.com. Retrieved 6 January 2011.
  3. ↑ "Raymond withdraws Notting Hill from metros". The Hindu Business Line. 15 October 2009. Retrieved 6 January 2011.
  4. ↑ 19 Mar 2010 at 2330 hrs IST (19 March 2010). "Raymond buys finest Australian wool". Financial Express. Retrieved 6 January 2011.
  5. ↑ "Raymond exits home retail business - Money - DNA". Dnaindia.com. 23 June 2010. Retrieved 6 January 2011.
  6. ↑ NULL. "Raymond Ltd strengthens its national retail presence". Moneycontrol.com. Retrieved 6 January 2011.
  7. ↑ "Raymond Worsted Suiting Fabric". Raymondindia.com. Retrieved 6 January 2011.
  8. ↑ Chandramouli (2015). The Brand Trust Report India Study 2015. TRA. p. 96. ISBN 978-81-920823-8-7.
  9. ↑ "Raymond Ltd. Strengthens its National Retail Presence". Indiaprwire.com. Retrieved 6 January 2011.
  10. ↑ "Raymond infuses Rs 61.68 cr cap in RLCL; appoints new CFO". www.moneycontrol.com. Retrieved 2015-12-02.

See also

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