Raymond Group has announced a leadership transition with the appointment of Rakesh Tiwary as Group Chief Financial Officer, effective December 3, 2025. Amit Agarwal stepped down as Group CFO on December 2, 2025 and has moved full-time into the Lifestyle business.
Tiwary has brought over 25 years of financial leadership experience across sectors including cement, airports, electricity, solar, steel, energy and oil. He has previously served as CFO at Adani Cement, Adani Airports, Adani Electricity and Adani Solar, after earlier roles at JSW Steel, Reliance Industries and Indian Oil Corporation.
The company has stated that this leadership change has aligned with its ongoing transformation efforts. Raymond has restructured its operations into three independent listed entities, each net debt-free. Raymond Lifestyle was listed on September 5, 2024, followed by Raymond Realty on July 1, 2025, while Raymond has focused on the engineering business.
