- Business
- Raymond Limited (RAYMOND.NS), founded in 1925 and headquartered in Thane, Maharashtra, India, operates as an integrated fabric manufacturer and diversified group with primary interests in textiles and apparel; it produces worsted suiting fabrics, cotton shirting, linen blends, denim, and ready-to-wear garments under brands including Raymond Fine Fabrics, Raymond Ready-to-Wear, Park Avenue, ColorPlus, Parx, and Ethnix ethnic wear, alongside engineering products such as files, tools, auto components, and aerospace components through subsidiaries like JK Files & Engineering Limited and Ring Plus Aqua Limited; the company also engages in real estate development and previously consumer care segments including prophylactics and FMCG. Raymond maintains a global distribution network spanning India, with over 4,000 branded outlets, 600-plus exclusive stores, and presence in more than 150 cities, extending operations to international markets through exports and facilities in Kenya. In recent developments, Raymond completed the demerger of its lifestyle and retail business into Raymond Lifestyle Limited in 2024, followed by the spin-off of its real estate operations into Raymond Realty Limited in 2025 with an appointed date of April 1, 2025, divested its FMCG portfolio including Park Avenue to Godrej Consumer Products, acquired a 59.25% stake in Maini Precision Products Limited for INR 682 crore in March 2024 to bolster its engineering segment in auto, aerospace, and defense, achieved a zero-debt status with cash reserves enabling realty and engineering expansions including six new Mumbai projects and a INR 1,200 crore investment in Andhra Pradesh, and plans further consolidation of engineering businesses into focused listed entities.