Raymond Group has named Rakesh Tiwary as its new Group Chief Financial Officer as part of a broader leadership restructuring aimed at driving the company’s next phase of growth. His appointment is effective December 3, 2025.
Tiwary succeeds Amit Agarwal, who stepped down as Group CFO on December 2 to take on a full-time role within Raymond Lifestyle Ltd.
With over 25 years of experience across sectors such as cement, airports, power, steel, energy and oil, Tiwary has held senior financial positions at Adani Cement, Adani Airports, Adani Electricity, Adani Solar, JSW Steel, Reliance Industries and Indian Oil Corporation. He is a Chartered Accountant and Cost Management Accountant with an MBA.
Raymond said the transition aligns with its ongoing transformation. The group has recently reorganised itself into three independent, net debt-free listed entities—Raymond Lifestyle, Raymond Realty and Raymond Limited (Engineering). The company has expanded operations into sectors including aerospace, defence and EV components.
