Raymond has announced the appointment of Rakesh Tiwary as the new Group Chief Financial Officer, a move aimed at reinforcing the company’s financial management, long-term strategy, and overall corporate governance. The appointment is expected to support Raymond’s ongoing business transformation and strengthen its position across core sectors including textiles, apparel, real estate, and engineering.
According to the company, the new Group CFO will play a crucial role in driving financial efficiency, optimizing capital allocation, and improving performance across business verticals. With extensive experience in financial planning, risk management, and business restructuring, the new appointee is expected to contribute significantly to enhancing shareholder value and supporting Raymond’s growth trajectory. Industry analysts note that the appointment comes at an important time for Raymond, which has been undertaking a series of strategic initiatives to streamline operations and expand its revenue portfolio. The Group CFO’s leadership will be central to managing these transitions while ensuring financial stability and compliance across businesses. The company has also been focusing on strengthening its balance sheet, reducing debt, and maintaining healthy cash flows — areas where strong financial leadership becomes critical.
The company has been steadily expanding its presence in the fast-evolving fashion and lifestyle market, while also scaling up its real estate business, which has emerged as a major contributor to the group’s overall financial performance. As the economic environment continues to remain competitive, Raymond’s decision to bring in an experienced financial leader signals its intent to accelerate decision-making and adopt more agile financial processes. Apart from overseeing all financial operations, the new Group CFO will also be responsible for supporting digital transformation initiatives that enhance the company’s reporting capabilities, improve forecasting accuracy, and integrate technology-driven financial systems. The role will include close collaboration with business heads to align financial goals with operational targets, ensuring that each vertical contributes meaningfully to the company’s overall profitability.
Raymond stated that it is confident that the new Group CFO’s track record and deep industry expertise will help the organisation navigate future opportunities and challenges. The company believes the appointment will strengthen the leadership team and support the next phase of growth, innovation, and value creation for stakeholders.
Raymond Appoints New Group CFO Rakesh Tiwary To Strengthen Financial Strategy Leadership
