What is Raymond famous for?
Raymond Ltd (BSE: 500330|NSE: RAYMOND) is largest integrated manufacturer of fabric in the world based in Mumbai, Maharashtra. It has over 60% market share in suiting in India. It is also India’s biggest woolen fabric maker.
Is Raymond an Indian company?
Raymond Group is an Indian branded fabric and fashion retailer, incorporated in 1925. It produces suiting fabric, with a capacity of producing 31 million meters of wool and wool-blended fabrics. In 2019, Raymonds announced its venture into real estate business under Raymond Realty.
Is Raymond a Tata product?
We have studied this in detail. In the case of Tatas, Tata Sons holds the brand and it extends it to various companies. In our case, Raymond old company held the brand. This is not a subsidisation of a company, it is a vertical demerger.
How did Raymond start?
1925
Raymond Group/Founded
Raymond was incorporated in 1925 and is a leading Indian textile major. The company is part of global conglomerate Raymond Group. Raymond was the first in 1959 to introduce a polywool blend in India to creating the world’s finest suiting fabric the Super 240s made from the superfine 11.6 micron wool.
Is Raymond a good brand?
Raymond is the best brand for suits in India. The quality of the product is incomparable. Raymond is a brand that provides high-quality fabric at affordable prices.
Is Raymond a good buy?
Is Raymond a good long term investment? Past 10 years financial track record analysis by Moneyworks4me indicates that Raymond Ltd is a below average long term investment. However, you need to ensure you buy at a right price to earn good returns.
Who is the CEO of Raymond?
Shri Gautam Hari Singhania took over the reins of Raymond Limited as Chairman & Managing Director in September 2000. Since then he has steered the destiny of Raymond Limited with a single-minded focus of making Raymond an internationally reputed fibre to fashion player.
Is Raymond Or Arvind better?
However, Raymond ranks much higher than Arvind on most intangible parameters including the Brand Trust it evokes,” says N Chandramouli, CEO, Trust Research Advisory, publishers of The Brand Trust Report, India Study, 2012. On the other hand, Arvind is a trusted name in textile industry.
Is Raymond a luxury brand?
The Raymond brand was positioned as bridge-to-luxury with classic styling (like formal shirts and suits); Park Avenue was positioned as premium and contemporary (think ankle-length trousers with slim cuts); Parx was made more affordable and edgy (floral shirts and hoodies for college-goers); and Color Plus—a brand …
Is Raymond a debt free company?
Based on the latest financial disclosure, RAYMOND LTD has a Total Debt of 24.69 B. RAYMOND LTD is currently regarded number one company in total debt category among related companies. Total debt of Textile Manufacturing industry is at this time estimated at about 49.38 Billion.
Who is owner of Raymond company?
billionaire Gautam Singhania
How crazy rich is Indian billionaire Gautam Singhania? The owner of Raymond Group has a US$1.4 billion fortune, a fleet of fast cars – and plenty of family drama.
Who is the chairman of the Raymond Group?
Raymond Group is an Indian branded fabric and fashion retailer, incorporated in 1925. It produces suiting fabric, with a capacity of producing 31 million meters of wool and wool-blended fabrics. Gautam Singhania is the chairman and managing director of the Raymond group.
Where was the first Raymond showroom in India?
The first exclusive Raymond Retail showroom King’s Corner was opened in 1958 at Ballard Estate in Bombay. During the year 1964 the company had set up of a new Combing Division. This was followed by a phase of vertical integration facilitating in the processing of multi-fibres and technology improvements to make blended fabrics.
Where is the corporate headquarters of Raymond company?
The Company has its corporate headquarters at Mumbai. The company comprises in three business divisions such as Textiles Engineering and Aviation. Textile division of the company has a distribution network of more than 4000 multi-brand outlets and over 400 exclusive retail shops in the domestic market itself.
When did Gautam Singhania join the Raymond Group?
Gautam Singhania joined the Singhania family’s JK Group of companies in 1986. He later joined the family’s Raymond Group, becoming a director in 1990, the managing director in July 1999, and the chairman in September 2000.