Raymond Appoints Rakesh Tiwary as Group CFO
Raymond Limited has officially revealed a modification in its main management team, as Amit Agarwal is resigning from his position as Group Chief Financial Officer to join the Lifestyle Business during an internal reorganization. Rakesh Tiwary has been selected as the new Group Chief Financial Officer starting on December 3, 2025.
He will be in charge of assessing the significance of events and providing relevant information to stock exchanges.
Rakesh has over 25 years of expertise in financial leadership in various industries such as cement, airports, electricity, solar, steel, energy, and oil. His experience includes strategic financial planning, capital structuring, governance, integration, and performance transformation.
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Before his current position, he served as CFO at Adani Cement, Adani Airports, Adani Electricity, and Adani Solar, as well as holding leadership roles at JSW Steel, Reliance Industries, and Indian Oil Corporation. He is a Chartered Accountant, Cost Management Accountant, and has an MBA degree.
The decision confirms the group's aspirations to enhance the financial strategy and governance framework of the organization as it moves forward with its transformation journey.
To increase shareholder value and drive targeted growth, Raymond has reorganized into three separate, debt-free entities listed independently.
Raymond Lifestyle Limited was listed on September 5, 2024, followed by Raymond Realty Limited on July 1, 2025, with Raymond Limited now focusing on the Engineering business.
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Moving from textiles to real estate and now into high-precision engineering, the company has diversified into emerging sectors like aerospace, defense, and electric vehicle (EV) components.
This shift signifies more than just business goals - it demonstrates a strong dedication to national development and purposeful innovation.
Previously, Raymond Realty has recently introduced its newest luxury redevelopment project, Invictus by GS, BKC, located in Bandra East. The upscale project covers a sprawling two-acre area and is estimated to earn around Rs.2,000 crore in revenue.
According to a reports, the development comprises six towers that house ultra-luxurious 3- and 4-BHK residences with excellent connectivity, situated just a short five-minute drive from Jio World Drive and eight minutes away from the Bandra-Worli Sea Link.
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Raymond Realty's latest project is a significant achievement for the real estate division of the Raymond Group. With the popular projects TenX Habitat and The Address by GS in Thane, this new launch signifies the brand's entrance into Mumbai's premium luxury market.
According to Raymond Realty CEO Harmohan Sahni, the launch of Invictus by GS in BKC is a strategic move that could generate revenue exceeding Rs.2,000 crore. The growth also includes retail areas on main city streets to form a full luxury environment. Invictus by GS, BKC is made for selective buyers and offers a top-notch living experience with carefully chosen retail options, top-notch facilities, and closeness to Mumbai's main business area. Raymond Realty has been steadily growing its presence in Mumbai by utilizing an asset-light JDA model.
The company has signed six JDA projects, including the Bandra East redevelopment, in sought-after areas like Mahim, Sion, and Wadala. These projects have a combined GDV of approximately Rs.14,000 crore, showcasing Raymond Realty's ambition to expand its reach in Mumbai's high-end housing market beyond Thane.