Raymond Group Explained

Raymond Group
Type:Public Company
Founder:Albert Raymond
Revenue: (2023) [1]
Location:Mumbai, Maharashtra, India
Industry:Textiles, Engineering, Aviation & Real estate
Key People:Gautam Singhania (Chairman)
Products:Fabrics, garments, designer wear, denim, cosmetics & toiletries, engineering files & tools, prophylactics and air charter services
Subsid:Raymond Ltd

Raymond Group is an Indian branded fabric and fashion retailer,[2] incorporated in 1925. It produces suiting fabric, with a capacity of producing 31 million meters of wool and wool-blended fabrics.[3]

The group owns apparel brands like Raymond, Raymond Premium Apparel, Raymond Made to Measure, Ethnix,[4] Park Avenue Woman[5] ColorPlus,[6] Kamasutra & Parx. All the brands are retailed through 'The Raymond Shop' (TRS), with a network of over 700 retail shops spread across India and overseas, in over 200 cities.

In addition, the group also has business interests in readymade garments, designer wear, cosmetics and toiletries, engineering files and tools, prophylactics and air charter operations.

In 2019, Raymond announced its venture into real estate business under Raymond Realty. The new venture is poised to start with an investment of ₹250 crore (approx $36 million) in developing mid-income and premium housing units on 20 acres of land in the growing suburb of Thane. Raymond group holds over 125 acres of land in this region.[7]

Recognitions

See also

Notes and References

  1. News: Raymond Profit and Loss Report. 3 January 2021. . 3 January 2021.
  2. Web site: Raymond board approves foray into real estate sector. 18 September 2009.
  3. ET Bureau, "India Inc seeks conducive tax environment, bold reforms", The Economic Times, 7 June 2014
  4. Web site: Welcome to Raymond .
  5. Web site: Park Avenue Woman's Online Catalog. 4 November 2012. dead. https://web.archive.org/web/20120920015220/http://parkavenue.co.in/women-collection.php. 20 September 2012.
  6. Web site: ColorPlusOnline.com – Online Shopping and Retail Store. 8 September 2013. dead. https://web.archive.org/web/20131002053417/http://www.textilefabricgarment.com/review/colorplus-online-shopping-retail-store.html. 2 October 2013.
  7. Web site: Raymond starts real estate business with Thane residential project. Patwa. Bidya Sapam,Prasannata. 2019-04-03. Mint. en. 2019-04-04.
  8. Web site: India's Most Trusted Brands 2014. Trust Research Advisory. dead. https://web.archive.org/web/20150502221904/http://www.trustadvisory.info/allindia_2014.html. 2 May 2015.