Raymond Ltd is largest integrated manufacturer of fabric in the world based in Mumbai, Maharashtra.[3] It has over 60% market share in suiting in India. It is also India's biggest woolen fabric maker.[4] Textile division of the company has a distribution network of more than 4,000 multi-brand outlets and over 637 exclusive retail shops[5] in the domestic market itself.[6] Suitings are available in India in over 400 towns through 30,000 retailers and an exclusive chain is present in over 150 cities across India. Its products exports to over 55 countries including US, Canada, Europe, Japan and the Middle East. It has more than 20,000 design and colours of suiting fabric which makes it one of largest collection of designs and colours by single company.[7] It was listed as India's most trusted apparel brand by The Brand Trust Report in 2015.[8]
 | |
| Company type | Public company |
|---|---|
| BSE: 500330 NSE: RAYMOND | |
| Industry | Textiles |
| Founded | 1925 |
| Founder | Albert Raymond |
| Headquarters | , India |
Key people |
|
| Revenue | $ 800 million |
| $ 797 million | |
| $ 850 million | |
| Total assets | $ 500 million |
| Total equity | $ 475 million |
| Parent | Raymond Group |
| Website | myraymond |
History
editIt was incorporated as the Raymond Woollen Mill during the year 1925 by Albert Raymond and Abraham Jacob Raymond near Thane Creek. Lala Kailashpat Singhania took over The Raymond Woollen Mill in the year 1944. In 1958, then with lot of hardwork and efforts Mr. Gopalkrishna Singhania and thereafter Mr. Vijaypat Singhania made this small fabric company into an world renowned brand. The exclusive Raymond Retail showroom, King's Corner, was opened at Ballard Estate in Mumbai.[9] In 1968, Raymond had set up a readymade garments plant at Thane. A new manufacturing facility was set up at Jalgaon (Maharashtra) during the year 1979 to meet the increasing demand for worsted woollen fabrics. In the year 2000, Vijaypat Singhania handed over his company to his younger son Gautam Singhania and in the year 2015, he gave 37.57% of the total shares to him.[10]
In November 2015, Raymond announced that Sanjay Behl would be taking over as CEO, and M Shivkumar as CFO.[11]
References
edit- ^ "Raymond Contact Us". Raymondindia.com. Retrieved 6 January 2011.
- ^ "Raymond board approves foray into real estate sector". Financialexpress.com. 18 September 2009. Retrieved 6 January 2011.
- ^ "Raymond withdraws Notting Hill from metros". The Hindu Business Line. 15 October 2009. Retrieved 6 January 2011.
- ^ "Raymond buys finest Australian wool". Financial Express. 19 March 2010. Retrieved 6 January 2011.
- ^ "Raymond exits home retail business - Money - DNA". Dnaindia.com. 23 June 2010. Retrieved 6 January 2011.
- ^ "Raymond Ltd strengthens its national retail presence". Moneycontrol.com. Retrieved 6 January 2011.
- ^ "Raymond Worsted Suiting Fabric". MyRaymond. myRaymond.com. Retrieved 6 January 2011.
- ^ Chandramouli (2015). The Brand Trust Report India Study 2015. TRA. p. 96. ISBN 978-81-920823-8-7.
- ^ "Raymond Ltd. Strengthens its National Retail Presence". Indiaprwire.com. Retrieved 6 January 2011.
- ^ "Retired tycoon Vijaypat Singhania and son indicate they are ready for truce". The Economic Times. Retrieved 22 July 2022.
- ^ "Raymond infuses Rs 61.68 cr cap in RLCL; appoints new CFO". www.moneycontrol.com. 17 November 2015. Retrieved 2 December 2015.