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Raymond Group has created a healthier balance sheet and is poised for expansion.
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The group has a three-pronged strategy: Raymond Lifestyle, Raymond Engineering, and Raymond Realty.
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Demerger and restructuring efforts aim to unlock potential value and simplify corporate framework.
Raymond Group, led by Chairman Gautam Singhania, has announced its plans for expansion after creating a healthier balance sheet. The 99-year-old conglomerate has a presence in three distinct verticals: lifestyle products, engineering products, and real estate.
The group’s expansion strategy includes ramping up manufacturing capacity, innovating products, and exploring new opportunities. Raymond Lifestyle aims to increase garment production and expand store footprint, while Raymond Engineering is innovating with components for aerospace, defense, and electric vehicles. Raymond Realty is leveraging its land parcel and exploring joint development agreements.
The demerger and restructuring efforts aim to unlock the potential value of Raymond’s distinct business verticals. Shareholders can expect to receive equity shares as part of the reorganization procedure. With a focused corporate structure on the horizon, Raymond Group is poised for remarkable growth.
In 2020, we laid down a bold roadmap for Raymond—a 7year plan to redefine our company’s future. The journey is far from over, but the vision remains clear: to consistently create shareholder value & take Raymond to the next level.
The idea is to—be among the top three companies… pic.twitter.com/8YTOxR7F8x
— Gautam Singhania (@SinghaniaGautam) August 13, 2024
We have achieved a significant milestone in Raymond Group’s journey as the National Company Law Tribunal (NCLT) approves our strategic demerger and amalgamation, marking a new chapter of growth & opportunity for us.
This means a fresh, focused corporate structure is on the… pic.twitter.com/zou9VhTmah
— Gautam Singhania (@SinghaniaGautam) July 19, 2024
