Raymond on May 3 said its board of directors has approved the reappointment of Gautam Hari Singhania as managing director for another 5 years, effective from July 1, 2024.
“The board of directors, based on the recommendations of the Nomination and Remuneration Committee, at its meeting held today, have approved the re-appointment of Gautam Hari Singhania (DIN: 00020088) for a term of five (5) years effective from July 1, 2024,” Raymonds said in a statement.
The re-appointment is subject to the approval of the members of the company.
Singhania took over the reins of Raymond Limited as chairman and managing director in September 2000.
Who Is Gautam Hari Singhania?
Gautam Hari Singhania is a commerce graduate from the University of Mumbai. As MD of Raymond since 2000, he has been responsible for the strategic decision of restructuring the Raymond Group, initiating the divestment of its noncore businesses of Steel, Cement and Synthetics.
After the divestment, the Group has consolidated its position with a focused market-oriented approach. The group has made enormous progress under the stewardship of Mr. Singhania and his vision is to take the Raymond Brand from being amongst the most respected Indian brands to being amongst the best in the global markets.
With a drive for creating new brands, Singhania has taken active interest in the launch of new products and is successfully directing the Group towards sustained growth. Under the leadership of Singhania, the Group has made a remarkable foray into the real estate business.
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