Raymond Limited filed a regulatory disclosure pursuant to Regulation 30 of SEBI Listing Regulations regarding the appointment of a new executive. The company announced the appointment of Bhanu Prakash Srivastava as Chief Executive Officer – Defence, effective July 6, 2026.

Key Appointment Details

  • Bhanu Prakash Srivastava brings nearly four decades of experience from Bharat Electronics Limited (BEL), where he served as Chairman & Managing Director
  • During his tenure at BEL, he tripled market capitalization from approximately ₹51,000 crore to ₹1.5 lakh crore
  • He secured over ₹55,000 crore in new orders and launched 100+ products while strengthening R&D capabilities
  • He led mission-critical programmes across radar, naval and sonar systems, missiles, electronic warfare, and tactical communications

Educational Background

  • Mechanical Engineering graduate from the Indian Institute of Technology (BHU), Varanasi

Role and Responsibilities

  • Will lead Raymond's defence business and define its strategic vision, operational roadmap, and growth agenda
  • Will drive the evolution of Raymond's engineering capabilities from precision manufacturing into higher-value defence electronics, software, systems integration, and adjacent aerospace and automotive technologies
  • Will work to shape and execute the company's long-term defence strategy

Strategic Context

  • The appointment supports Raymond's strategic expansion into India's defence and aerospace ecosystem
  • Aligns with India's Atmanirbhar Bharat initiative and focus on indigenous defence manufacturing
  • Builds on Raymond's strengths in manufacturing excellence, engineering precision, and innovation

Management Commentary

Gautam Hari Singhania, Chairman & Managing Director of Raymond Limited, stated: "India's defence sector is entering a defining phase of growth, innovation and self-reliance, creating significant opportunities for companies with strong engineering capabilities and long-term commitment. Bhanu Prakash's exceptional leadership, deep understanding of complex defence programmes and proven track record of building high-performance organisations make him the ideal leader to spearhead Raymond's defence journey."

Bhanu Prakash Srivastava commented: "I am honoured to join Raymond at a defining moment in its growth journey. The Company has built a remarkable legacy of manufacturing excellence, quality and innovation, creating a strong foundation for entering the defence sector."

Company Background

Raymond Limited, established in 1925, currently operates two core businesses: Real Estate (Raymond Realty) and Engineering. The engineering business holds leadership position in manufacturing files and hand tools, and with the acquisition of Maini Precision Products Limited (MPPL), it is expanding into Engineering, Automotive, EV, Aerospace & Defence components.