Raymond Chairman To Exit All Group Companies

CORPORATE

Raymond Group promoter and chairman Gautam Hari Singhania said he will step down as chairman from all group companies and dissociate himself from day-today functioning to build an organisation which can run competitively and independently without the involvement of the promoter.

Singhania said he has already moved out from the chairman’s post for the FMCG entities and Raymond Apparel which handles the branded apparel business.

Next in line would be the two engineering entitie -JK Files and Ring Plus Aqua — for which he is already looking for a professional chairman, and he may even move out from the top post of the flagship entity.