CMD’S MESSAGE

The world economy has witnessed some of the most revolutionary shifts in technology and geopolitics in the past decade that has altered business definitions, reinstating the relevance of the Darwinism adage on survival of the fittest. Embracing transformation to regain relevance in the markets is the new imperative, to ensure agility and higher value-creation.

The future lies in imagining the unimaginable!!! At Reimagined Raymond we aspire to achieve just the same. We aim to create not just offerings but an organisation that is built for the future.

The transformation journey at Raymond is conceptualised to create a new-age organisation that is geared to outpace competitors and drive higher growth and profitability. Adapting an asset-light approach with a strong focus on ROCE will enable us to not just survive but thrive in this volatile marketplace. Since inception, Raymond has been heralded for creating numerous pioneering innovations in turn creating a leadership position for itself in the market. As the scope of business expanded over the years, there was a need felt for divestment of ownership and management to ensure scalability.

The future lies in imagining the unimaginable!!! At Reimagined Raymond we aspire to achieve just the same. We aim to create not just offerings but an organisation that is built for the future. With customer centricity at the soul of this transformation powered by realigned matrices to ensure cross functional synergies and driven by a highly qualified management team from some of the most reputed corporate names in the industry will create a Reimagined Raymond. Today, Raymond is gradually evolving into a great place to work where aspirations of its young generation workforce are fulfilled as they create world class offerings with an increased thrust on agility. The entire ecosystem continues to undergo a drastic overhaul with a singular focus on creating value.

A buoyant economy, India is today a land of opportunities blessed with a favorable demographic dividend and a promising growth rate of about 7%. With the backdrop of Skill India and Make in India initiatives by the Government, presents an untapped opportunity for the Indian textile sector, which is the second largest employment generator after agriculture. Strengthening our manufacturing prowess by establishing Greenfield manufacturing facility in Amravati region in Maharashtra is a reaffirmation of our commitment to ‘Make in India’ initiative. In our endeavour to Skill India by reviving tailoring as a profession reinstates our efforts to create an inclusive society.

Having spearheaded this evolution for a ‘Reimagined Raymond’, it gives me immense pleasure to share with you that the early success indicators of transformation are evident with an enhanced value creation for all stakeholders. As opportunities galore, we at Raymond are equipping ourselves to leverage our strengths of an organisation that is ‘Built to Last’. Having embraced transformation, this new tapestry is weaved to create an unprecedented future beyond Imagination for brand Raymond.

Gautam Hari Singhania,

Chairman and Managing Director

Raymond Ltd.