Preparing for its next phase of growth, Raymond Group has appointed senior finance professional Rakesh Tiwary as Group CFO, effective December 3.
Tiwary takes over from Amit Agarwal, who stepped down on December 2 to assume a full-time role within the Lifestyle business.
With a career spanning more than 25 years across sectors such as cement, electricity, solar, airports and steel, Tiwary has held CFO roles at key Adani Group companies and leadership positions at JSW Steel, Reliance Industries and IOC. He is a CA, CMA and MBA.
Raymond said the leadership change bolsters its renewed growth strategy. The group now operates as three independent, net debt-free listed entities and is scaling its presence in high-precision engineering, aerospace, defence and EV components—all part of its push into sunrise industries.
