Nawaz Modi Singhania has stepped down as Director on the board of Raymond Ltd, efficient March 19, 2025, based on an organization announcement launched at this time.
In an announcement, Raymond’s Chairman and Managing Director, Gautam Singhania acknowledged her contributions, saying, “We thank Nawaz Modi Singhania for her companies as a board member over time.”
The corporate offered no particular purpose for her departure. Singhania emphasised the corporate’s dedication to “upholding the very best stage of governance whereas persevering with to navigate the evolving panorama of the business.”
Vital restructuring
Raymond underwent vital restructuring in 2024 when it demerged its Way of life Enterprise right into a separate listed entity. The corporate now focuses on two core companies: actual Property and engineering.
The actual property division has established itself among the many high 10 gamers in India, notably delivering its first challenge two years forward of RERA timeline. In the meantime, the engineering enterprise maintains management in manufacturing information and hand instruments with vital home and worldwide market presence.
The corporate not too long ago strengthened its engineering portfolio by means of the acquisition of Maini Precision Merchandise Restricted (MPPL), positioning it to focus on high-growth precision engineering merchandise for automotive, EV, aerospace, and protection parts.
Raymond Group, established in 1925, started as a cloth producer earlier than increasing into different sectors.
