Raymond Ltd

Raymond Ltd, based in Mumbai, Maharashtra, is the largest integrated manufacturer of fabric in the world.^[3] It holds over 60% of the market share in suiting within India and is also India's largest woolen fabric producer.^[4]

Raymond Ltd

Company type	Public company
Traded as	BSE: 500330 NSE: RAYMOND
Industry	Textiles
Founded	1925; 100 years ago (1925)
Founder	Albert Raymond
Headquarters	Mumbai, Maharashtra[1] , India
Key people	Gautam Singhania, Chairman & Managing Director[2] Amit Aggarwal, Chief Financial Officer
Parent	Raymond Group
Website	myraymond.com

The company's textile division has a distribution network exceeding 4,000 multi-brand outlets and more than 637 exclusive retail shops.^[5] Within the domestic market,^[6] suitings are available in over 400 towns through 30,000 retailers, along with an exclusive chain in more than 150 cities nationwide.

Raymond exports its products to over 55 countries, including the US, Canada, Europe, Japan, and the Middle East. Its extensive suiting fabric collection includes more than 20,000 designs and colours, making it one of the largest collections by a single company.^[7] In 2015, The Brand Trust Report ranked Raymond as India's most trusted apparel brand.^[8]

History

Raymond Ltd was incorporated as Raymond Woollen Mill in 1925 by Albert Raymond and Abraham Jacob Raymond near Thane Creek. Lala Kailashpat Singhania took over Raymond Woollen Mill in 1944. In 1958, the Raymond Retail showroom, King's Corner, was opened at Ballard Estate in Mumbai.^[9] In 1968, Raymond established a ready-made garments plant in Thane, and in 1979, a new manufacturing facility was set up in Jalgaon (Maharashtra) to meet the rising demand for worsted woollen fabrics.

In 2000, Vijaypat Singhania handed over the company to his younger son Gautam Singhania, and in 2015, he transferred 37.57% of the total shares to him.^[10]

In November 2015, Raymond announced the appointments of Sanjay Behl as CEO and M Shivkumar as CFO.^[11]