Raymond Appoints Rakesh Tiwary as New Group CFO

Raymond names seasoned finance leader Rakesh Tiwary as Group CFO.

The move strengthens the company’s financial strategy as it advances its multi-sector transformation.

Raymond Group has announced a key leadership shift as it advances its strategic transformation journey, appointing Rakesh Tiwary as Group Chief Financial Officer with effect from December 3, 2025.
The transition comes as Amit Agarwal, who previously held the Group CFO position while simultaneously supporting multiple verticals within Raymond Lifestyle Ltd, moves full-time into the Lifestyle business. Agarwal stepped down from his Group CFO responsibilities effective December 2, 2025.

Tiwary joins the Group with more than 25 years of diversified financial leadership experience spanning cement, airports, electricity, solar, steel, energy, and oil. His career includes senior roles across strategic financial planning, capital structuring, governance, integration and performance transformation. He has served as CFO at Adani Cement, Adani Airports, Adani Electricity and Adani Solar, and has also held leadership positions at JSW Steel, Reliance Industries and Indian Oil Corporation.
A Chartered Accountant and Cost Management Accountant, Tiwary also holds an MBA.

Raymond noted that this appointment aligns with the Group’s commitment to strengthening its financial strategy and governance as it prepares for its next phase of growth. The company has recently undergone a major restructuring to unlock shareholder value, creating three independent, pure-play, net debt-free listed entities.

• Raymond Lifestyle Limited was listed on September 5, 2024
• Raymond Realty Limited debuted on July 1, 2025
• Raymond Limited now operates as a focused Engineering business

This evolution marks Raymond’s expansion into high-growth industries including aerospace, defence, and electric vehicle (EV) component manufacturing, further extending its legacy from textiles and real estate into advanced engineering. The group describes this shift as more than corporate ambition—positioning it as a commitment to building future-ready capabilities that contribute to national progress.