Raymond Ltd Announces Changes in Key Managerial Personnel: Amit Agarwal Steps Down, Rakesh Tiwary Appointed as Group CFO
Dec 02 2025 | 7 days agoRaymond Ltd, a leading textile and apparel company, has announced changes in its Key Managerial Personnel. Mr. Amit Agarwal, the Group Chief Financial Officer, has relinquished his position due to his transition to the Lifestyle Business as per the internal organizational restructuring. His position will be taken over by Mr. Rakesh Tiwary, who has been appointed as the new Group Chief Financial Officer and Key Managerial Personnel with effect from December 3, 2025. Mr. Tiwary is a seasoned professional with around 25 years of experience in various reputed companies. The board meeting was held on December 2, 2025, where these changes were approved.
- Amit Agarwal steps down as Group Chief Financial Officer of Raymond Ltd.
- Rakesh Tiwary appointed as the new Group Chief Financial Officer and Key Managerial Personnel.
- Tiwary is a qualified Chartered Accountant, Cost Accountant, Company Secretary and MBA with 25 years of experience.
- Tiwary has worked with Indian Oil, Reliance Industries Limited and JSW Steel Limited before joining Adani Group.
- Tiwary has over two decades of experience in spearheading a wide spectrum of accounts finance.