Raymond Group has announced a key leadership change as part of its ongoing transformation, appointing Rakesh Tiwary as Group Chief Financial Officer effective December 3, 2025. Amit Agarwal, who previously held the Group CFO role while overseeing multiple businesses under Raymond Lifestyle Ltd, will now shift full-time to the Lifestyle business and has stepped down as Group CFO effective December 2.

Tiwary brings over 25 years of financial leadership experience across sectors including cement, airports, power, solar, steel, energy and oil. He has served as CFO at Adani Cement, Adani Airports, Adani Electricity and Adani Solar, and held senior roles at JSW Steel, Reliance Industries and Indian Oil Corporation. He is a Chartered Accountant, Cost Management Accountant and an MBA.

The appointment aligns with Raymond’s efforts to strengthen its financial strategy and governance framework as it advances its transformation journey. The company has reorganized into three independent, net debt-free listed entities—Raymond Lifestyle Ltd, Raymond Realty Ltd and Raymond Ltd, which now focuses on the engineering business. With diversification from textiles to real estate and high-precision engineering, Raymond has expanded into sectors such as aerospace, defence and EV components, reinforcing its commitment to innovation and national growth.