Raymond Group has appointed Rakesh Tiwary as its new Group Chief Financial Officer, effective December 3, 2025. This move is part of the company’s ongoing transformation and gearing up for its next phase of growth. Amit Agarwal, the previous CFO, will transition to focus full-time on the Lifestyle business. This change aims to strengthen Raymond’s financial strategy and governance framework.
Leadership Transition
Raymond Group announced the appointment of Rakesh Tiwary as the new Group Chief Financial Officer (CFO), effective December 3, 2025. This decision is part of Raymond’s strategy to support its ongoing transformation and prepare for future growth phases.
CFO Appointment Details
Rakesh Tiwary brings over 25 years of financial leadership experience across various sectors, including cement, airports, electricity, solar, steel, energy, and oil. His expertise includes strategic financial planning, capital structuring, governance, integration, and performance transformation.
Previously, Tiwary held CFO positions at Adani Cement, Adani Airports, Adani Electricity, and Adani Solar. He has also held leadership roles at JSW Steel, Reliance Industries, and Indian Oil Corporation. He is a Chartered Accountant, Cost Management Accountant, and holds an MBA degree.
Departure of Amit Agarwal
Amit Agarwal, who previously served as the Group CFO, will now fully dedicate his efforts to the Lifestyle business within Raymond. He stepped down from his role as Group CFO effective December 2, 2025.
Strategic Shift and Business Restructuring
This move reaffirms Raymond’s ambition to strengthen its financial strategy and governance. The company has restructured into three independent entities: Raymond Lifestyle Limited (listed on September 5, 2024), Raymond Realty Limited (listed on July 1, 2025), and Raymond Limited, now focused on the Engineering business.
Raymond has expanded into sectors such as aerospace, defense, and electric vehicle (EV) components. This transformation reflects a deep commitment to national progress and purposeful innovation.
Source: BSE
