Raymond announces strategic leadership restructuring to drive aggressive growth

18 February 2025, Mumbai

Raymond, the leading Indian apparel and retail conglomerate, today announced a strategic restructuring of its leadership team to spearhead its ambitious growth plans for the new fiscal year. The company aims to consolidate its retail businesses and leverage the expertise of seasoned professionals to maximize potential.

Raymond has consolidated its diverse portfolio into three key divisions:

Apparel, MTM, and Retail BUs: Merging all retail-led businesses under one umbrella to streamline operations and enhance customer experience.

MBO-focused Distribution Businesses: Combining Innerwear & Sleepwear (IW & Sleepz) along with other incubation businesses to capitalize on distribution synergies.

New Businesses: Uniting Raymond Home & Ethnic to pursue exponential growth opportunities in these emerging markets.

As part of this restructuring, Raymond has announced the following key leadership appointments:

Debdeep Sinha transitions from Chief Business Officer - Apparel to Chief Business Officer - Innerwear & Sleepwear (IW & Sleepz). Sinha's proven track record in establishing new ventures makes him ideally suited to lead this division.

Neeraj Nagpal joins Raymond as the new Chief Business Officer - Apparel, MTM, and TRS. With over 27 years of experience in the fashion and retail sectors, Nagpal brings a wealth of knowledge and a strong record of driving profitable growth. He joins from Bazaar Retail Private Ltd., Kolkata, where he served as Chief Executive Officer.

Vipul Mathur will continue to lead New Businesses as Chief Business Officer, now also encompassing the Ethnix SBU along with Raymond Home.

Raymond's top management has expressed confidence in the new leadership structure and its ability to drive the company's aggressive growth strategy. "These changes reflect our commitment to deploying top-tier talent to ensure the success of each business," stating, "We believe this streamlined structure will empower our leaders to leverage their expertise and create greater bandwidth for innovation and expansion."

Raymond is a leading Indian conglomerate with diverse interests including textiles, apparel, retail, real estate, and FMCG. Established in 1925, the company is known for its high-quality products and strong brand reputation.

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