Gautam Singhania, the chairman of Raymond, highlighted the conglomerate's ambitious plans for restructuring and expansion in 2020. Singhania emphasized the importance of creating shareholder value and aiming to take Raymond to the next level through a 7-year roadmap. With a focus on a healthier balance sheet, Raymond is now gearing up for the next phase of growth, which involves executing expansion strategies across its various verticals.
Raymond Lifestyle, Raymond engineering products, and Raymond Realty. The conglomerate's plan includes striving to be among the top three companies in each sector, exiting businesses where this objective isn't feasible, reducing debt, and eventually de-merging the conglomerate once the debt is under control.
Singhania elaborated on the specific initiatives within each vertical, mentioning plans for Raymond Lifestyle to expand its manufacturing capacity and product range, focusing on Western markets and new categories like men's innerwear and sleepwear. Raymond engineering products are innovating beyond traditional products, venturing into aerospace, defense, and electric vehicles components. Moreover, Raymond Realty aims to leverage its assets like the 100-acre Thane land parcel and explore joint development agreements in Mumbai to diversify its business opportunities.