Press Release Details

Raymond Limited submitted a press release dated September 23, 2026 titled "Raymond Expands Its Aerospace Capabilities with Entry into Aircraft Structures" to BSE and NSE pursuant to Regulation 30 of SEBI Listing Regulations.

Strategic Initiative Announcement

Raymond Limited has achieved a significant milestone in its Aerospace & Defence journey through its subsidiary JK Maini Global Aerospace Limited. The subsidiary emerged successful in a tender process conducted by a leading Indian aerospace and Defence OEM for the assembly of wing structures and centre fuselage structures for a major indigenous fighter aircraft programme.

Strategic Rationale and Financial Implications

This development marks Raymond's proposed entry into the aircraft structures vertical, expanding its capabilities beyond precision manufacturing into complex, higher-value aircraft assemblies. The programme is envisaged to leverage the customer's existing infrastructure, enabling Raymond to develop capability and establish execution credentials while maintaining a capital-efficient approach.

Rakesh Tiwary, Group CFO, Raymond Group, provided management commentary: "This opportunity is strategically much larger than its immediate business potential. It provides Raymond an entry into the high-value aircraft structures segment while maintaining capital efficiency. More importantly, it gives us an opportunity to establish critical execution credentials that can position Raymond's subsidiaries for participation in larger aerospace programmes in India and globally. Our focus will be on execution excellence and building this capability into a scalable growth platform."

Business Context and Segment Information

Raymond Limited now has two core businesses within the Engineering vertical:

  • Aerospace and Defence
  • Tools and Auto Components

The engineering business has forayed into the sunrise sectors of Aerospace and Defence and EV components, catering to both international and domestic markets. Raymond's engineering business commands a leadership position in manufacturing files and hand tools with significant presence in national and international markets.

Corporate Structure Update

After demerging its Lifestyle Business and Real Estate verticals into independent entities, Raymond Limited now focuses on Engineering, Aerospace & Defence and Automotive businesses. The Raymond Group consists of three listed entities:

  • Raymond Limited (Engineering, Aerospace & Defence, Automotive)
  • Raymond Lifestyle Limited (branded apparel, premium fabrics, garmenting)
  • Raymond Realty Limited (real estate developer with estimated gross development value of approximately ₹52,000 crores)

The Group maintains a retail presence across 600+ cities and 1,600+ stores through its lifestyle business.