Raymond has announced a change in its key managerial personnel. Amit Agarwal has relinquished his position as Group Chief Financial Officer, effective December 2, 2025, to transition to the Lifestyle Business segment. Rakesh Tiwary has been appointed as the new Group Chief Financial Officer and Key Managerial Personnel, effective December 3, 2025.
CFO Transition
Raymond has announced that Amit Agarwal has reliquished his position as Group Chief Financial Officer, effective close of business hours on December 2, 2025. This transition is due to his move to the Lifestyle Business segment, following internal organizational restructuring.
Appointment of New CFO
Effective December 3, 2025, Rakesh Tiwary has been appointed as the new Group Chief Financial Officer and Key Managerial Personnel (KMP) of the company.
Rakesh Tiwary’s Profile
Rakesh Tiwary is a qualified Chartered Accountant, Cost Accountant, Company Secretary, and MBA with approximately 25 years of experience. Prior to joining Raymond, he held key roles at Adani Group and worked with companies like Indian Oil, Reliance Industries Limited, and JSW Steel Limited.
At Adani Group, he served as CFO of Mundra Solar Photovoltaic Limited and Adani Electricity Mumbai Limited. He also served as Head of Financial Management and Control for the Airports Business and CFO of the Airports Business, and CFO at Adani Cement.
Rakesh Tiwary’s expertise includes finance, accounts and commercial functions, fund raising management, working capital assessment, credit control, taxation, and audit.
Source: BSE
