India is a country with many diverse fashion trends in textiles and apparel. The collapse of all fashion hype at the beginning of the 20th century led to a more rational environment and a solider view of the fashion industry.
According to our knowledge, India’s textile industry contributes significantly to the country’s economy. This industry provides one of the basic needs of the country and is vital to the nation’s economic development. It is a self-sufficient sector that adds value at all stages of the supply chain, from the production of raw materials through to the delivery and collection of final goods.
Raymond Group, an Indian fashion and textile industry, is based in Mumbai. Albert Raymond founded Raymond in 1925. The company produces suiting material. It has a capacity of 31 million meters for wool and wool-blend fabrics.
Raymond – About
The Raymond Group was founded in 1925 and focuses its majority of business activities in the apparel and textile industries. It is also active in many other industries, such as FMCG, Real Estate, Engineering, Prophylactics, and Probiotics, both in domestic and international markets.
Raymond has been providing top-quality products to its customers for nine decades, thanks to the support of over a billion customers.
Raymond, Raymond Premium Apparel and Raymond Made to Measure, Ethnix as well as Park Avenue, Park Avenue Woman, ColorPlus and Kamasutra are all owned by the company. The Raymond Shop (TRS) sells all brands through its network of over 700 retail outlets in India and overseas in more than 200 cities. The brand is also present in Tier IV and V cities.
Raymond offers a wide range of luxurious suiting and shirting fabrics, including Woolen, Cotton, Wool blends and Denim.
Raymond Ltd. entered the clothing, textile and sexual wellness sector in 1949. In 1950, Raymond Ltd. moved into the engineering field. JK Files and Engineering Ltd. is the industry’s leader with a market share exceeding 25% and presence in over 55 countries. Raymond Realty, a new real estate company with the motto “Go Beyond”, was announced in 2019. The new company would invest 250 crores, or about $36 million, to build luxury and mid-range housing units on 20 acres in Thane (a growing suburb of Mumbai).
Raymond also tried to make a difference in society. Raymond’s charitable activities, ‘Beyond Business’, are intended to promote inclusive growth for the socially disadvantaged.
- JK Trust Gram Vikas Yojana: Improve rural life through a Cattle Breed Improvement Programme.
- JK BOvagenix On July 20, 2016, an innovative breeding program that uses in-vitro fertilation to select indigenous cattle breeds was put into place.
- Skilled Tiloring Institute – To train unemployed women
- Raymond Tailoring hubs for skill development located in Mumbai, Delhi and Jaipur.
- Singhania Schools
Raymond – Industry
As we have already mentioned, India’s Textile Industry is a significant contributor to the country’s economy. This sector is also one the oldest in India’s economy. According to reports, the Indian textiles market will be worth more than $209 million by 2029.
Raymond – Leadership
Gautam Singhania is the Chairman and Managing Director of the Raymond Group.
Gautam Vijaypat Singhania
Gautam Vijaypat Singhania was born to an industrialist family. He was educated at St. Mary’s School, Mumbai and John Connon Schools. Gautam Singhania was a member of the JK Group, a group of businesses that belonged to the Singhania family in 1986. Later, he joined Raymond Group where he rose up the ranks to become chairman in Sept 2000 and managing director in Jul 1999.
Gautam Singhania’s spouse is Nawaz Modi Singhania. Their daughter is Niharika.
A family agreement gives Gautam Singhania 27% of the business. He turned the business around, making it a huge success just a few years later.
Raymond – Mission and Vision
Raymond loves to do business with one vision, which is “Trust, Quality, Excellence”.
Raymond – Name and Logo.
Raymond’s tagline is “The Complete Man”, as we are all aware.
Albert Raymond and Abraham Jacob Raymond were both members of the Board of Directors of an industrialist Jewish company, E.D Sassoon and Co. during the 1920s. The brand name was derived. It was previously known as “The Raymond Woollen Mills”, but it was later changed to “Raymond”.
Raymond – The Startup Story
Raymond, the story of the largest global producer of suiting fabric goes back to 1925. Wadia, an elderly man, saw the need for uniforms for Indian Defense Force soldiers and set up a small woolen mill in Thane, Maharashtra. Wadia was unable to manage the woolen mill and it ended up being taken over by E.D Sassoon and Co. They renamed it ‘The Raymond Woollen Mills’
After many years, Lala Kailashpat Singhania, a visionary who saw the potential of Raymond’s brand for the future, took over Raymond in 1944. The Singhanias, his family, moved to Farrukhabad in search of better opportunities from their small village of Singhana, northeast Rajasthan. Their company was called JK Cotton Spinning & Weaving mills Co. and they made high-quality cotton clothes with Indian raw materials and labor to compete with England.
Kailashpat, post-independence took Raymond to greater heights. In 1950, JK Files was established to produce indigenous engineering files. Raymond opened its first showroom in King’s corner in 1958, Ballard Estate, Mumbai.
Raymond launched Park Avenue in 1986. It was a collection of fashionable wardrobes for men.
In 1990, Raymond opened its first Oman international showroom. The brand launched a premium condom brand, called ‘Kamasutra’ after a year. The group entered the aviation market in 1996 with the establishment of Raymond Aviation. Raymond Aviation offers air charter services to Indian corporate travelers.
Parx, a luxury casual wear brand, was created in 1999 to offer customers a wide range of semi-formal as well as casual clothing options. The Raymond brand introduced ready-to wear clothing in 2008, now known as Raymond Ready to Wear.
The company introduced Technosmart, a new type of fabric that was called the “Smartest fabric in the World”. Raymond also opened a new Dubai office that year. Raymond’s fastest-ever retail expansion was achieved with 900 outlets in more than 500 Indian cities and towns as of 2018.
Raymond created ‘Virasafe,’ an anti-viral fabric that can be used to combat COVID. The brand converted its garment plant to make PPE suits in response to the outbreak.