Raymond Group set to rejig businesses

The Raymond Group, with interests in textiles, apparel, and realty, is working toward reorganising its businesses into five core revenue streams, deploying professional boards to raise growth capital in the future.

Founded in 1925, Raymond Group will have five focused business areas including textile, fast-moving consumer goods, real estate, education, and engineering.

"All our boards will be completely professional in the next 12 months. Our FMCG and manufacturing companies have already done that," said Gautam Hari Singhania, chairman of the group, in an exclusive interaction with ET.

"When you have an independent company with professional boards, you can do so many things including attracting private equity, going to the public by way of listing or you can exercise any other option available with you to create value for shareholders at the right time." ET