Mumbai-based Raymond Ltd said it has abandoned its two-year-old plan of splitting its garments, or lifestyle, business into a different company, and will instead focus on monetizing its engineering business. The company also said it will spin off its real estate business into a new company, but wholly owned by Raymond Ltd. In 2019, Raymond […]
Automotive parts and components manufacturer Ring Plus Aqua Ltd, a subsidiary of Raymond Ltd, announced the opening of its third manufacturing facility at Sinnar, Maharashtra. The new plant will produce starter ring gears, transmission flex-plates and integral shaft water pump bearings, Ring Plus Aqua Ltd said. Ring Plus Aqua has already two manufacturing facilities near […]
Raymond Ltd is venturing into the real estate business with 3,000 unit project in Thane, Maharashtra, the Indian textile and branded apparel company said. Raymond Realty will build 3,000 units in the first phase of the project over a period of five years and generate potential revenues of over ₹3500 crore, the company said. The […]
Textiles and garments brand Raymond inaugurated a garment manufacturing plant in Ethiopia to gain duty-free access to the US and European markets. The plant was set up at a cost of Rs 100 cr and will employ over 2500 people in the first phase. More people will join later, the company said. Ethiopia also gives […]
Shareholders of Raymond Ltd rejected the sale of apartments in the company’s headquarters JK House to certain promoters. Chairman of the company Gautam Singhania had urged shareholders to vote against the resolution as the sale of the apartments would cause losses to the company as a whole. Four duplex flats were let to four members […]
