Raymond Ltd

{{Short description|Indian fabric manufacturer}}

{{Multiple issues|

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{{Infobox company

| name = Raymond Ltd

| type = Public company

| traded_as = {{BSE|500330}} {{NSE|RAYMOND}}

| logo = Raymond logo.svg

| caption =

| foundation = {{start date and age|1925|df=yes}}

| founder = Albert Raymond

| location_city = Mumbai, Maharashtra{{cite web|url=http://www.raymondindia.com/rech_con.asp |title=Raymond Contact Us |publisher=Raymondindia.com |access-date=6 January 2011}}

| location_country = India

| area_served =

| key_people = {{ubl|Gautam Singhania, Chairman & Managing Director{{cite web|url=http://www.financialexpress.com/news/raymond-board-approves-foray-into-real-estate-sector/518380/0 |title=Raymond board approves foray into real estate sector |publisher=Financialexpress.com |date=18 September 2009 |access-date=6 January 2011}}|Amit Aggarwal, Chief Financial Officer}}

| num_employees =

| revenue =

| operating_income =

| net_income =

| assets =

| equity =

| industry = Textiles

| subsid =

| parent = Raymond Group

| products =

| homepage = {{URL|myraymond.com/}}

}}

Raymond Ltd, based in Mumbai, Maharashtra, is the largest integrated fabric manufacturer in the world.{{cite web|url=http://www.thehindubusinessline.com/2009/10/15/stories/2009101550750500.htm |title=Raymond withdraws Notting Hill from metros |work=Business Line|location=Chennai |date=15 October 2009 |access-date=6 January 2011}} It holds over 60% of the market share in suiting fabrics within India. It is also India's largest woollen fabric producer.{{cite web|url=http://www.financialexpress.com/news/Raymond-buys-finest-Australian-wool/592726/ |title=Raymond buys finest Australian wool |work=The Financial Express |date=19 March 2010 |access-date=6 January 2011}}

The company's textile division has a distribution network exceeding 4,000 multi-brand outlets and over 637 exclusive retail shops.{{cite web|url=http://www.dnaindia.com/money/report_raymond-exits-home-retail-business_1400476 |title=Raymond exits home retail business – Money – DNA |publisher=Dnaindia.com |date=23 June 2010 |access-date=6 January 2011}} Within the domestic market,{{cite web|url=http://www.moneycontrol.com/news/business/raymond-ltd-strengthens-its-national-retail-presence_274965.html |title=Raymond Ltd strengthens its national retail presence |publisher=Moneycontrol.com |access-date=6 January 2011}} Raymond suiting fabrics are available in over 400 towns through 30,000 retailers, as well as through an exclusive chain present 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 colors, making it one of the largest collections by a single company.{{cite web |title=Raymond Worsted Suiting Fabric |url=https://www.myraymond.com |access-date=6 January 2011 |website=MyRaymond |publisher=myRaymond.com}} In 2015, The Brand Trust Report ranked Raymond as India's most trusted apparel brand.{{Cite book|title = The Brand Trust Report India Study 2015|last = Chandramouli|publisher = TRA|year = 2015|isbn = 978-81-920823-8-7|pages = 96}}

History

Raymond Ltd was incorporated as Raymond Woolen Mill in 1925 by Albert Raymond and Abraham Jacob Raymond near Thane Creek. Lala Kailashpat Singhania took over Raymond Woolen Mill in 1944. In 1958, the Raymond Retail showroom, King's Corner, was opened at Ballard Estate in Mumbai.{{cite web|url=http://www.indiaprwire.com/pressrelease/retail/200704092476.htm |title=Raymond Ltd. Strengthens its National Retail Presence |publisher=Indiaprwire.com |access-date=6 January 2011}} 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 woolen 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.{{Cite news |title=Retired tycoon Vijaypat Singhania and son indicate they are ready for truce |work=The Economic Times |url=https://economictimes.indiatimes.com/news/company/corporate-trends/retired-tycoon-vijaypat-singhania-and-son-indicate-they-are-ready-for-truce/articleshow/60055221.cms |access-date=2022-07-22}}

In November 2015, Raymond announced the appointments of Sanjay Behl as CEO and M Shivkumar as CFO.{{Cite web|title = Raymond infuses Rs 61.68 cr cap in RLCL; appoints new CFO|url = http://www.moneycontrol.com/news/business/raymond-infuses-rs-6168-cr-caprlcl-appoints-new-cfo_4199241.html|website = moneycontrol.com| date=17 November 2015 |access-date = 2015-12-02}}

References

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