What is "Raymond 3.0"?
Raymond — the 100-year-old company best known for its suits and "The Complete Man" ads — has spent the last few years breaking itself into separate businesses. Singhania now calls the next stage Raymond 3.0: building new leadership teams in line with where the group is heading.
According to NDTV Profit, that has meant 22 senior hires across the group. Raymond has not published the full list of names and roles.
The road to 3.0
| Phase | What happened |
|---|---|
| The old Raymond | One company doing textiles, suits, real estate, engineering and consumer products |
| 2023 | Sold its consumer brands business (Park Avenue deodorants, KamaSutra) to Godrej Consumer Products |
| "Raymond 2.0" | Split into three listed companies: Raymond Lifestyle (fabrics and clothing), Raymond Realty (real estate) and Raymond Ltd (engineering — aerospace, defence and auto parts) |
| "Raymond 3.0" (2026) | New professional leadership for each business; succession plan declared complete |
Why succession matters so much at Raymond
Family companies often struggle when leadership passes from one generation to the next — and Raymond's own history shows why. Singhania's long and very public dispute with his father, Vijaypat Singhania, who handed him control of the group and later fell out with him, became one of India's best-known business family feuds. Vijaypat Singhania died in Mumbai in March 2026, aged 87.
At the summit, Gautam Singhania said that a lack of clear financial separation and succession planning can leave family-run companies open to disputes. Speaking about his own experience, he said: "I've lost a lot of my family to protect this organisation."
His answer is to separate the businesses and give each its own board and professional managers. In 2024, asked about succession, he had said he was "not going anywhere" but wanted a team that could run the group without him.
Could Raymond split again?
Possibly. Singhania said that separating the auto components business from aerospace and defence could make sense in the future, because the two industries need different skills and investors. But he gave no date, and no such demerger has been announced. Some reports also say the engineering company is moving its brand towards aerospace and defence.
What it means for shareholders
For investors, the message is that Raymond wants to be seen as a group of professionally run companies rather than a one-man show. Whether that creates value will show up in the results of each business — not in the announcement itself.
This article is for information only and is not investment advice. Sources: NDTV Profit and NDTV reports from the NDTV World Summit 2026 (via Groww), Analytics Insight, Startuppedia, Storyboard18, All India Radio and Wikipedia.
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