Raymond has announced a change in its leadership team. Amit Agarwal has transitioned from his role as Group Chief Financial Officer to the Lifestyle Business, effective December 2, 2025. Rakesh Tiwary has been appointed as the new Group Chief Financial Officer and Key Managerial Personnel, effective December 3, 2025. This restructuring aims to support Raymond’s strategic business objectives.
Leadership Restructuring
Raymond has implemented key changes in its executive leadership, with Amit Agarwal moving from his position as Group Chief Financial Officer (CFO) to focus on the Lifestyle Business, effective December 2, 2025. This move is part of an internal organizational restructuring to better align leadership with business segment priorities.
Appointment of New CFO
To fill the vacancy, Rakesh Tiwary has been appointed as the new Group Chief Financial Officer and Key Managerial Personnel (KMP), effective December 3, 2025. Tiwary brings extensive experience to the role, with a career spanning multiple leading companies.
Rakesh Tiwary’s Background
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 financial positions at companies including Indian Oil, Reliance Industries Limited, JSW Steel Limited, and the Adani Group. His previous roles include serving as CFO of Mundra Solar Photovoltaic Limited (Adani Solar) and Adani Electricity Mumbai Limited. He also served as the CFO at Adani Cement, overseeing brands like AMBUJA and ACC.
Responsibilities and Authorization
Effective December 3, 2025, Rakesh Tiwary will assume responsibility for determining the materiality of events and information and making necessary disclosures to the Stock Exchange(s).
Source: BSE
