India, with its rich cultural heritage, boasts a myriad of vibrant trends in textiles and apparel. Over time, the fashion industry in the country has evolved from extravagant extravagance to a more practical and grounded approach.
The Indian Textile industry holds immense significance as a major contributor to the country’s economy. It caters to one of the essential needs of society while also playing a pivotal role in fostering ongoing development and improving the quality of life. This industry has established itself as self-sufficient, adding value at every stage of the supply chain, starting from producing raw materials to delivering finished goods.
Among the prominent players in the Indian textile and fashion landscape is the Raymond Group. Headquartered in Mumbai, India, Raymond was founded in 1925 by Albert Raymond. With a staggering capacity of 31 million meters for wool and wool-blend fabrics, the group specialises in crafting suiting materials of exceptional quality.
Raymond – Company Highlights
| Headquarters | Thane, India |
| Sector | Textiles, Engineering, Aviation & Real estate |
| Key people | Gautam Vijaypat Singhania (Chairman) |
| Type | Public |
| Founded | 1925 |
| Revenue | $6.2 Billion (2022) |
| Website | www.raymond.in |
Raymond – About
Established in 1925, the Raymond Group is a diversified organization that primarily operates in the textile and apparel industries. However, it has also ventured into several other sectors, such as FMCG, Real Estate, Engineering, and Prophylactics, both in domestic and international markets.
With a customer base of over a billion, Raymond has built a reputation for delivering high-quality products over the past nine decades. The company owns a range of clothing brands, including Raymond, Raymond Premium Apparel, Raymond Made to Measure, Ethnix, Park Avenue, Park Avenue Woman, ColorPlus, Kamasutra, and Parx. These brands are sold through “The Raymond Shop” (TRS), which boasts a network of more than 700 retail outlets in India and abroad, spanning over 200 cities. Raymond has also expanded its reach to tier IV & V cities.
Raymond offers a diverse range of luxurious fabrics, including woolen textiles, cotton, wool blends, linen, and denim, for shirting and suiting purposes.
In 1949, Raymond Ltd. made its entry into the engineering industry, diversifying its portfolio. Through its subsidiary JK Files and Engineering Ltd., Raymond holds the top position in the industry with a market share of over 25% of the global steel file production capacity. With a presence in more than 55 countries, JK Files and Engineering Ltd. is recognized as an industry leader.
Raymond has undertaken various initiatives as part of its “Beyond Business” approach to contribute to society and promote inclusive growth for the underprivileged. Here are some notable examples:
JK Trust Gram Vikas Yojana: This program aims to enhance the quality of life in rural areas through the Cattle Breed Improvement Programme (CBIP). The initiative focuses on improving cattle breeds, leading to increased milk production and economic upliftment of rural communities.
JK Bovagenix: On July 20, 2016, Raymond launched JK Bovagenix, a groundbreaking breeding program that utilises in-vitro fertilisation techniques to produce selected indigenous cattle breeds. This initiative helps in preserving and promoting valuable indigenous cattle breeds, contributing to biodiversity conservation.
Skilled Tailoring Institute: Raymond has established Skilled Tailoring Institutes to train unemployed women in tailoring and sewing. This initiative aims to empower women by equipping them with valuable skills and promoting entrepreneurship.
Raymond Tailoring Hubs: The company has set up Raymond Tailoring Hubs in various locations such as Mumbai, Delhi, Bihta, Jamshedpur, Jaipur, Nashik, Villupuram, Ranchi, and Bengaluru. These hubs serve as skill development centres, providing training and employment opportunities in the field of tailoring.
Singhania Schools: Raymond is associated with several educational initiatives, including the Singhania Schools. These schools provide children quality education and holistic development opportunities, nurturing their talents and shaping their future.
Through these initiatives, Raymond demonstrates its commitment to social welfare, sustainable development, and empowering individuals and communities in various spheres of life.
Raymond – Leader
Gautam Vijaypat Singhania is the Managing director and Chairman of the Raymond Group.
Raymond Group operates through multiple business models across various industries. Here is an overview of their different business segments:
Suit Business: Raymond is a leading producer of worsted suiting fabric globally, with a dominant market share in India. They have manufacturing plants in Vapi, Chhindwara, and Jalgaon, producing 38 million meters of suiting fabric.
Garment Business: Raymond has subsidiaries such as Silver Spark Apparel Ltd., EverBlue Apparel Ltd., and Celebrations Apparel Ltd. These entities manufacture and export products like suits, jeans, trousers, shirts, and other garments to the USA, Europe, and Japan.
Shirt Business: Raymond operates an advanced manufacturing facility in Kolhapur, Maharashtra, producing high-quality shirt fabrics. With a capacity of 26 million meters, they manufacture bottom-weight textiles and cotton and linen shirts for national and international brands.
Retail Business: Raymond has a strong retail presence with over 2 million square feet of retail space across 1100+ locations in 380+ cities and towns. They own four power brands, including Raymond Ready-to-Wear, Park Avenue, Color Plus, and Parx, and distribute their products through Exclusive Brand Outlets (EBOs), Multi Brand Outlets (MBOs), Large Format Stores (LFS), and online platforms.
Denim Business: Raymond UCO Denim, a joint venture with UCO NV of Europe, specializes in the production of specialty ring denim. They cater to domestic and international markets and have fabric manufacturing plants in Yavatmal, Maharashtra, and Sibiu, Romania.
Tools & Hardware Business: Raymond entered the tools and hardware industry in 1949. Through JK Files and Engineering Ltd., they manufacture and distribute hand tools, power tool machines, precision-engineered parts, steel files, and drills. They have the largest installed steel file manufacturing capacity globally.
FMCG Business: Raymond’s associate company, Raymond Consumer Care Private Limited, manufactures consumer goods. They have brands like Park Avenue and KamaSutra in their portfolio.
Automotive Business: Raymond acquired Ring Plus Aqua Ltd., a renowned manufacturer of ring gears, flexplates, and water pump bearings. This move marked their entry into the automotive components market.
Real Estate Business: Raymond Realty focuses on real estate development and aims to redefine customer expectations. Their projects embody the concept of “Go Beyond” and have a dedicated website for their realty business.
Raymond Group encompasses a wide range of brands and services, including ColorPlus, Ethnix, Raymond, Park Avenue, The Raymond Shop, Kamasutra, and Parx, catering to diverse customer needs.
These various business models enable Raymond to operate across multiple sectors, diversify its revenue streams, and serve a broad customer base.
