Mumbai: Raymond Group has announced the appointment of Rakesh Tiwary as its new Group Chief Financial Officer, effective December 3, 2025.
The leadership change is part of the company’s broader transformation strategy aimed at strengthening financial governance and supporting long-term growth.
Rakesh Tiwary succeeds Amit Agarwal, who stepped down as Group CFO on December 2, 2025, to focus entirely on Raymond Lifestyle Ltd.
Also Read: Raymond Lifestyle Q2FY26: Robust Textile and Apparel Sales Fuel INR 1,865 Crore Revenue
Rakesh Tiwary Brings Over 25 Years of Financial Expertise
The appointment of Rakesh Tiwary marks a significant addition to Raymond’s leadership team. With more than 25 years of experience in financial management across sectors such as cement, airports, electricity, solar, steel, energy and oil, Tiwary has led strategic financial planning, capital structuring, governance initiatives, integration projects and performance transformation across major enterprises.
His professional background includes CFO roles at Adani Cement, Adani Airports, Adani Electricity and Adani Solar, and senior positions at JSW Steel, Reliance Industries and Indian Oil Corporation.
He is also a Chartered Accountant, Cost Management Accountant and MBA, further strengthening his credentials for the Group CFO role.
Strengthening Strategy and Governance Amid Raymond’s Restructuring
Raymond stated that the induction of Rakesh Tiwary reinforces its commitment to enhancing financial strategy and governance as the company continues its multi-year transformation journey.
Also Read: Raymond Realty to List on Indian Exchanges, Targets INR 40000 Cr Development Pipeline
The Group recently completed a major restructuring initiative that resulted in the creation of three independent, pure-play listed entities – each net debt-free.
Raymond Lifestyle Limited was listed on September 5, 2024, followed by Raymond Realty Limited on July 1, 2025. Raymond Limited now focuses exclusively on the Engineering business.
With expansions across sectors including aerospace, defence and electric vehicle (EV) components, the Group continues to diversify from its traditional fabrics business into sunrise industries that support national growth and innovation.
