Archive · 22 Aug 2025
Raymond Ltd. Shifts Focus to Engineering, Auto and Defence
Raymond, a company that used to make clothes, is now changing to focus on making parts for cars, airplanes, and the military.
They're teaming up with big companies like Pratt & Whitney.
They're also making parts for electric and hybrid cars.
The company is already doing well in Europe and Mexico.
They plan to grow a lot in the next few years.
They've also sold off some of their other businesses to help with this new focus.
Raymond Ltd. is shifting from lifestyle and real estate to engineering, focusing on auto, aerospace, and defense.
The company is partnering with industry leaders like Pratt & Whitney and Safran in aerospace.
Raymond is expanding into EV and hybrid segments, including three-wheeler transmissions.
The company benefits from strong export relationships in Europe and Mexico.
Raymond aims for a 15% revenue CAGR and a 20% EBITDA CAGR in the medium term.
- Who
- Raymond Ltd. is the main entity undergoing the shift, with support from Nirmal Bang.
- What
- Raymond Ltd. is pivoting from textile and apparel to engineering.
- When
- Over the next 3-6 months, Raymond plans to consolidate recent integrations.
- Where
- Focusing on operations in Europe, Mexico, and India.
- Why
- To focus on growth sectors like auto, aerospace, and defense.
- Focus
- Engineering (Auto, Aerospace, Defense)
- Partners
- Pratt & Whitney, Safran, Airbus, HAL, GE
- Divisions
- JK Maini Precision Technology Ltd, JK Maini Global Aerospace Ltd
- Growth Targets
- 15% revenue CAGR, 20% EBITDA CAGR
- Exposure
- Limited US tariffs