Raymond
Leadership History
3 leaders · 1980 to present
Gautam Singhania is the CEO of Raymond, in the role since 2000.
| Name | Role | From | To | Years in role |
|---|---|---|---|---|
| Gautam Maini | Managing Director, Engineering Business | 2023 | Present | 3 |
| Gautam Singhania | Chairman & Managing Director | 2000 | Present | 26 |
| Vijaypat Singhania | Former Chairman | 1980 | 2000 | 20 |
Raymond is a rare case of a century-old consumer brand turning its listed parent into an industrial company. The suiting mills, The Raymond Shop network and 'The Complete Man' brand now belong to Raymond Lifestyle Limited, and the Thane housing projects belong to Raymond Realty. What remains in Raymond Limited is the engineering platform built around the 2023 purchase of a 59.25% stake in Maini Precision Products, which investors now value mainly as an aerospace and defence supplier. The company is headquartered in Mumbai, India. Raymond was founded in 1925 in Thane, Maharashtra, India, as The Raymond Woollen Mill before being acquired by the Singhania family in 1944 and transforming into India’s premier worsted suiting fabric and apparel empire.
Raymond Limited earns money by manufacturing engineered components for industrial customers under long-term supply contracts. 1. Aerospace & Defence (JK Maini Global Aerospace): machined and assembled parts for aircraft engines, airframes and defence programmes, sold to global OEMs and tier-1 suppliers; this is the fastest-growing and highest-margin segment, with an order book above ~$691 million (₹5,960 crore) spread over about 10 years. 2. Precision Technology & Auto Components (JK Maini Precision Technology): precision parts for passenger and commercial vehicles, EV components, flywheel ring gears and flexplates. 3. Engineering tools: steel files and hand tools from the legacy JK Files business, sold domestically and exported. Apparel and real estate revenue no longer sits in Raymond Limited.
Managing Director, Engineering Business
2023 – Present
3 years (current)
Maini (or Singhania) executed massive, highly aggressive restructuring of the apparel division, spinning off the core lifestyle business to unlock massive shareholder value while defending against foreign fast-fashion.
As the polarizing Chairman, he navigated the massive shift in Indian consumer habits from tailored suits to ready-made garments.
Chairman & Managing Director
2000 – Present
26 years (current)
Led the 2023 FMCG sale to Godrej Consumer Products, the Maini Precision acquisition, and the demergers of Raymond Lifestyle (2024) and Raymond Realty (2025).
Turned Raymond Limited into a focused aerospace and engineering company.
Former Chairman
1980 – 2000
20 years
Vijaypat orchestrated the absolute massive, multi-decade brand-building campaign ('The Complete Man'), successfully positioning Raymond as the absolute undisputed symbol of premium masculinity and luxury in India.
Serving as Chairman for decades, the legendary aviator and industrialist built Raymond into a massive global textile empire before becoming tragically embroiled in a highly publicized, bitter succession dispute with his son Gautam.
Raymond must prove it can scale aerospace output on time while auto-component demand stays cyclical, fund roughly $116 million (₹1,000 crore) of planned capex over five years, and justify a valuation that rose about 230% in six months to September 2026. Promoter-family disputes involving Chairman Gautam Singhania have also drawn governance scrutiny.
Gautam Hari Singhania is Chairman and Managing Director, and Gautam Maini is Managing Director of the engineering business.
His father, Dr. Vijaypat Singhania, led Raymond from 1980 to 2000.
Selling the FMCG business to Godrej (2023), buying Maini Precision Products (2023), and demerging Raymond Lifestyle (2024) and Raymond Realty (2025).
Gautam Hari Singhania is the Chairman and Managing Director of Raymond Limited, having led the group’s executive management and strategic transformation since 2000.
Gautam Singhania spearheaded the creation of Raymond Realty, expanded The Raymond Shop network past 1,500 stores, led the acquisition of ColorPlus, sold the FMCG business for ₹2,825 crore to eliminate debt, and initiated the 2023–2024 corporate demergers.
Dr. Vijaypat Singhania led Raymond from 1980 to 2000, launching "The Complete Man" campaign, establishing modern textile mills in Chhindwara and Vapi, setting world aviation records in microlight aircraft and hot-air balloons, and authoring Raymond’s national fame.
Lala Kailashpat Singhania acquired The Raymond Woollen Mill in 1944 on behalf of the J.K. Organisation, modernizing its machinery post-independence and laying the foundation for modern Raymond.
Raymond recruited professional CEOs and independent board members across business divisions (such as appointing Sunil Kataria as CEO of Lifestyle Business), ensuring high operational accountability alongside promoter oversight.
An avid motorsport enthusiast, Gautam Singhania is a competitive racing driver who has won podium finishes in the Ferrari Challenge European Championship, reflecting his dynamic, competitive leadership persona.
Raymond is headquartered in Mumbai, Maharashtra, with flagship executive corporate offices located at Mahindra Towers and the historic JK House in Breach Candy.
Raymond’s leadership is anchored in craftsmanship, customer trust, product perfection, entrepreneurial agility, and preserving a century-old Indian industrial heritage.
Compare executive leadership tenures and strategic transitions
Explore Raymond
Core profile pages, founders and related research hubs for this company.