As part of its multi-year transformation into a sharper and more diversified organisation, Raymond Group has appointed Rakesh Tiwary as its new Group CFO, effective December 3, 2025.
The move follows the exit of Amit Agarwal from the group-level role, allowing him to focus exclusively on the Raymond Lifestyle business.
Tiwary, a finance leader with over 25 years across heavy industries, power, airports, and energy, has previously served as CFO at multiple Adani Group companies and held leadership roles at JSW Steel, Reliance Industries and IOC.
Raymond said his appointment reinforces its intent to strengthen financial governance as it scales its independent, listed businesses—Raymond Lifestyle, Raymond Realty and the Engineering-focused Raymond Limited. The group has also expanded into new-age sectors, including aerospace and EV components, marking a shift toward future-ready growth.
