Raymond Group Appoints Rakesh Tiwary as Group CFO

Raymond Group has announced a key leadership transition with the appointment of Rakesh Tiwary as Group Chief Financial Officer (CFO), effective December 3, 2025. Tiwary succeeds Amit Agarwal, who has stepped down from the Group CFO role effective December 2, 2025, to move full-time into supporting the business strategy and growth of Raymond Lifestyle Ltd.

Tiwary joins Raymond with over 25 years of experience in financial leadership across diverse sectors including cement, airports, electricity, solar, steel, energy and oil & gas. He brings extensive expertise in strategic financial planning, capital structuring, corporate governance, business integration and performance transformation, having led several large-scale finance organisations through periods of growth and restructuring.Prior to this appointment, Tiwary served as CFO across multiple verticals within the Adani Group, including Adani Cement, Adani Airports, Adani Electricity and Adani Solar. His professional journey also includes senior leadership roles at JSW Steel, Reliance Industries and Indian Oil Corporation, where he played a pivotal role in driving financial discipline, optimising capital allocation and strengthening governance frameworks.

Meanwhile, Amit Agarwal, who held the Group CFO position while simultaneously supporting multiple businesses under Raymond Lifestyle Ltd, will now dedicate his efforts entirely to the Lifestyle business as part of the group’s broader leadership realignment.