Mumbai, Maharashtra, India, December 2025 — Raymond Limited has appointed Rakessh Tiwary as Group Chief Financial Officer (CFO), marking a significant addition to the company’s leadership team. With over 25 years of diverse experience across India’s leading conglomerates, Tiwary brings extensive expertise in financial transformation, digital finance, governance frameworks, ESG-linked financing, and large-scale integration initiatives. His appointment underscores Raymond’s strategic focus on strengthening financial governance, operational efficiency, and value creation as it enters its centenary phase.
Before joining Raymond Limited, Rakessh Tiwary served as Group CFO at Adani Cement (Ambuja, ACC, Penna, Orient, and Sanghi Cement), where he played a central role in post-acquisition integration, capital structuring, and performance enhancement across a portfolio exceeding 100 MTPA in capacity. He drove margin expansion through cost rationalisation, digital transformation via SAP S/4HANA implementation, and sustainability-linked financing initiatives that aligned with global ESG frameworks.
Prior to his leadership in Adani Cement, he held key roles as Group CFO at Adani Airport Holdings Ltd. and Managing Director at Navi Mumbai International Airport, where he led the financial strategy for a network of eight major airports, including Mumbai, Ahmedabad, Lucknow, and Jaipur. He was also CFO at Adani Electricity Mumbai Limited and Adani Solar, leading financial planning, capital efficiency, and compliance across India’s energy and renewable sectors.
Earlier in his career, Tiwary held senior finance leadership roles at JSW Steel, Reliance Industries Limited, and Indian Oil Corporation Limited (IOCL). His contributions spanned strategic acquisitions, ERP and SAP implementations, compliance systems, credit control frameworks, and large-scale project financing. This extensive multi-sector experience—covering steel, energy, infrastructure, cement, and airports—has equipped him with a holistic understanding of complex business environments and transformation-led growth.
As Group CFO of Raymond Limited, Tiwary will be responsible for driving financial strategy, governance, and value creation across Raymond’s diversified businesses, including Raymond Lifestyle, Raymond Realty, Raymond UCO Denim, JK Maini Precision Technology, and JK Maini Global Aerospace. His leadership is expected to accelerate the Group’s ongoing transformation journey and reinforce its legacy of excellence.
About Raymond Limited
Raymond Limited, a leading Indian conglomerate with a legacy of over 100 years, has evolved from being a pioneer in textiles to a diversified group with businesses spanning lifestyle, real estate, denim, precision engineering, and aerospace. The Group’s ethos—“The Raymond Way”—is built on craftsmanship, integrity, and long-term value creation. With its flagship brands and diversified portfolio, Raymond continues to embody trust, quality, and innovation across generations.
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