Raymond strengthens financial leadership; names Rakesh Tiwary Group CFO

Signalling a tighter focus on financial strategy and governance, Raymond Group has appointed veteran finance leader Rakesh Tiwary as its new Group CFO. His appointment comes into effect on December 3, 2025.

Former Group CFO Amit Agarwal will now concentrate fully on Raymond Lifestyle Ltd., after stepping down from the group role on December 2.

Tiwary brings expertise in strategic planning, capital structuring and performance transformation from his leadership stints at Adani Cement, Adani Airports, Adani Electricity, Adani Solar and earlier roles at JSW Steel, Reliance Industries and IOC.

The leadership transition comes as Raymond completes a major structural overhaul, splitting into three net debt-free, pure-play listed entities. The group’s diversification now spans fabrics, real estate and high-precision engineering—including aerospace, defence and EV components.