- Business
- Raymond Limited Raymond Limited (RAYMOND.BO) is an Indian conglomerate primarily engaged in the manufacturing and retailing of textiles and apparel, with diversified operations in engineering, real estate, and consumer care; it produces worsted suiting fabrics, cotton shirting, linen, denim, wool-blended textiles, readymade garments including suits, shirts, trousers, blazers, jackets, and denim wear, branded apparel under labels such as Raymond, Park Avenue, ColorPlus, Parx, Ethnix, and Raymond Ready-to-Wear, engineering products encompassing tools, hardware, auto components, precision machined parts for aerospace, defense, electric vehicles, and files; it also develops real estate projects and offers home furnishings. The company maintains an extensive retail network of over 1,300 exclusive stores and 30,000+ multi-brand outlets across more than 700 cities in India and international markets, targeting middle-to-upper income consumers with premium suiting, shirting, and lifestyle apparel. Founded in 1925 as Raymond Woollen Mill near Thane Creek by Albert Raymond and Abraham Jacob Raymond and later acquired by Lala Kailashpat Singhania in 1944, Raymond Limited is headquartered in Mumbai, India, with key manufacturing facilities in Thane, Jalgaon, and Vapi. In recent developments, the company signed long-term supply agreements in 2025 with Pratt & Whitney and Safran Engines for precision-machined aerospace components, reinforcing its engineering segment growth; it expanded real estate through its subsidiary Ten X Realty West with a fifth joint development agreement for a residential project in Mahim West, Mumbai, in February 2025; additionally, it acquired a 59.25% stake in Maini Precision Products in 2023 via subsidiary Ring Plus Aqua Limited to bolster capabilities in aerospace, defense, and EV components, and completed the acquisition of Ray Global Consumer Enterprise Limited in 2024, while pursuing a realty demerger as part of its business restructuring.