Unpopular Subsidiaries of Raymond you might not know about

Alan Joseph Alan Joseph
Jun 6, 2021 4 min read
Unpopular Subsidiaries of Raymond you might not know about

Raymond Group is an Indian based fabric and fashion retailer brand. The company was formed in the year 1925 and has its headquarters located in Mumbai, India. Other than the well-known fashion brand, the Raymond Group owns a lot more subsidiaries. In this article let’s look at all the subsidiaries owned by Raymond Group.

Raymond Group Subsidiaries - Suiting
Raymond Group Subsidiaries - Shirting
Raymond Group Subsidiaries - Garments
Raymond Group Subsidiaries - Retail
Raymond Group Subsidiaries - Denim
Raymond Group Subsidiaries - Tools and Hardware
Raymond Group Subsidiaries - FMCG
Raymond Group Subsidiaries - Automotive Components
Raymond Group Subsidiaries - Raymond Realty
Raymond Group Subsidiaries - FAQ

Raymond Group Subsidiaries - Suiting

Raymond Suiting is one of the largest vertically and horizontally integrated manufacturers of a fine smooth suiting fabric across the globe. The company claims that it has more than 60% market share in the suiting fabric sector in India.

Raymond is one of the world’s preferred brands and manufactures a wide range of blend which includes cotton, linen, poly-wool, silk, polyester viscose and other premium blends. They have manufacturing plants situated in Gujarat, Madhya Pradesh and Maharashtra.

Raymond Group Subsidiaries - Shirting

Raymond is known for manufacturing one of the finest shirting fabrics in India, that is aligned to the latest designs and the fashion trends. Raymond Luxury Cotton which is a B2B business is known for producing one of the world’s finest fabrics i.e., 150 lea pure linen and 340s count cotton.

The B2C business of shirting fabric was launched in the year 2015 and has grown significantly over the years. The company has a strong brand preference in the country and Raymond has been the largest OTC branded fabric player of the country.

Raymond Group Subsidiaries - Garments

The Raymond Group had gone into the garmenting business through its subsidiary firms namely Silver Spark Apparel Ltd which is known for suits, EverBlue Apparel Ltd which is known for jeans and Celebrations Apparel Ltd which is known for shirts.

The garmenting business manufactures and exports the suits, jackets, trousers and shirts to USA, Japan and Europe.


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Raymond Group Subsidiaries - Retail

Raymond was one of the major companies to start its retail business in the year 1958. The group has more than 1100 stores that is spread in more than 300 cities and towns. The Raymond Group has 4 major brands in the retail sector that include RRTW – Raymond Ready to wear, PA – Park Avenue, CP – Color Plus and Parx. Raymond also has their presence in the e-commerce space through raymondnext.com.

Revenue of Raymond Group
Revenue of Raymond Group

Raymond Group Subsidiaries - Denim

Raymond UCO denim is one of the earlier brands to introduce specialty ring denim in India. The denim business of Raymond supplies the products to America, Europe, Asia as well as the domestic market. The manufacturing facilities are located in Mumbai and Europe.

Raymond Group Subsidiaries - Tools and Hardware

In the year 1949, the Raymond group had ventured into the engineering sector. The group had ventured into the engineering sector by establishing JK Files and tools. This segment includes manufacturing of steel files and cutting tools and marketing of power tools and hand tools. The company is one of the largest manufacturers of steel files across the globe.

The business has a market share of around 60% in the Indian market and around 30% in the global markers.


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Raymond Group Subsidiaries - FMCG

The Raymond Group has a well-established presence in the FMCG sector with its subsidiary company Raymond Consumer Care Private Limited. The pioneering brands in the FMCG sector involves Park Avenue and KS which provides a space for them in the home care segment and the sexual wellness sector.

Raymond Group Subsidiaries - Automotive Components

The entry into the Automotive Components sector by Raymond Group was through the acquisition of the prominent ring gear and flex plate manufacturer in India, Ring Plus Aqua Ltd. The company was established in the year 1984 and has a long-fledged relationship with the Indian automotive sector with a manufacturing base of Water Pump Bearings, Flex Plates and Starter Gears. The subsidiary company has warehouses in the United States and Europe.

Raymond Group Subsidiaries - Raymond Realty

Raymond Group which is well-known for fabrics and clothing has ventured into Raymond Realty as well. They provide luxurious residential spaces and they have introduced a new standard of living by concentrating on quality, design, comfort, convenience, technology and service.

The company aims to create modern living spaces like never before by incorporating virtues of excellence, style and a timeless appeal.

Conclusion

Raymond Group is brands such as Park Avenue, Park Avenue Women, ColorPlus, Kamasutra and Parx. They have around 700 retail stores present in India. Raymond is one of the most trusted brands of India.

Raymond Group Subsidiaries - FAQ

Who founded Raymond?

AJ Raymond founded Raymond in 1925.

Who is the CEO of Raymond?

Joe Kuruvilla is the Chief Executive Officer (CEO) of Raymond Lifestyle.

What is the Revenue of Raymond?

Raymond India reported a revenue of over 65 billion Indian rupees in fiscal year 2020.

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