Raymond Limited has appointed Bhanu Prakash Srivastava as Chief Executive Officer – Defence, effective July 6, 2026, marking a significant milestone in its strategic expansion into the defence and aerospace ecosystem. Srivastava has been classified as Senior Management Personnel (SMP) of the company. The appointment is intended to strengthen the company's leadership as it focuses on building a future-ready, technology-led defence platform.

Leadership Profile

Srivastava brings nearly four decades of experience from Bharat Electronics Limited (BEL), where he held various senior leadership positions. He served as Chairman and Managing Director at BEL between 2022 and 2024. He holds a Bachelor of Technology degree in Mechanical Engineering from IIT-BHU (1986 batch) and a Master of Business Administration.

Strategic Expertise

During his tenure at BEL, Srivastava contributed to business growth in areas including Radio & Data equipment, Military and Telecom Switching Equipment, and C4I Systems. His experience covers Radars for the Army, Air Force, and Navy, Sonars, Fire Control Systems, and Communication systems for the Navy. He also worked on the Surface-to-Air Missile project for Naval Ships. As CMD, he tripled BEL's market capitalisation from ~₹51,000 crore to ₹1.5 lakh crore, secured ₹55,000+ crore in new orders, and launched 100+ products while strengthening R&D.

At Raymond, Srivastava will drive the strategic vision and operational roadmap for the defence business. The company aims to evolve its engineering capabilities from precision manufacturing to higher-value defence electronics, software, and systems integration. Gautam Hari Singhania, Chairman & Managing Director, Raymond Limited, stated that Srivastava's exceptional leadership and deep understanding of complex defence programmes make him the ideal leader to spearhead Raymond's defence journey.

The Raymond Corporation expanded its Raymond Basics product line on June 30, 2026, with the introduction of the RBW45 Walkie Pallet Jack. The lithium-ion-powered model is engineered to provide a simple and efficient solution for a wide range of material handling operations, including retail, delivery, dock work, warehousing, trailers, mezzanines, and elevators. This expansion aims to offer a clear advantage over manual hand pallet jacks by providing motorized lift-lower and travel capabilities.

The RBW45 Walkie Pallet Jack features a compact design that allows operators to handle loads up to 4,500 pounds. It is specifically designed to support productivity in confined spaces and light- and medium-duty applications. Bailey Brotzman, Raymond Basics Product Manager at The Raymond Corporation, stated that the model helps deliver the right balance of durability, maneuverability, and affordability, giving operations an accessible solution to improve productivity without overinvesting.

The new unit is characterized by three primary features designed to enhance operational efficiency:

Additional features include keypad access to help enhance security by preventing unauthorized use and a spare battery to keep operations running. The Raymond Basics line of products is designed to simplify material handling while maintaining the durability and reliability associated with Raymond products. For more information, customers can visit raymondcorp.com.