Raymond Lifestyle Appoints Prasad Chathuar as CFO Effective January 5, 2026
Raymond Lifestyle Limited has officially confirmed the appointment of Prasad Chathuar as Chief Financial Officer effective January 5, 2026, following regulatory disclosure under SEBI norms. Chathuar brings nearly 28 years of consumer industry experience, having previously served as CFO at Bajaj Electricals Limited and held senior positions at Voltas Limited for over 17 years. His expertise spans business transformation, financial strategy, treasury management, and organic and inorganic growth evaluation, positioning him to support the company's strategic objectives and long-term value creation.
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Raymond Lifestyle Limited has officially appointed Mr. Prasad Chathuar as Chief Financial Officer with effect from January 5, 2026. The company made the regulatory disclosure under Regulation 30 of SEBI's listing obligations and disclosure requirements, confirming the appointment that was previously announced as senior management personnel.
Appointment Confirmation
The appointment has been formalized following the company's earlier announcement about bringing Chathuar aboard as senior management personnel. The formal CFO designation has now been completed as planned, strengthening the company's financial leadership team.
| Parameter: | Details |
|---|---|
| Appointee: | Mr. Prasad Chathuar |
| Position: | Chief Financial Officer |
| Effective Date: | January 5, 2026 |
| Previous Role: | CFO at Bajaj Electricals Limited |
| Industry Experience: | 28 years in Consumer Industry |
Professional Background and Expertise
Chathuar brings extensive experience spanning close to 28 years in the consumer industry. Most recently, he served as Chief Financial Officer at Bajaj Electricals Limited, where he demonstrated expertise in business transformation and financial strategy. His professional journey includes a significant tenure of over 17 years with Voltas Limited in senior positions, along with five years at Emami Paper Mills Limited.
Throughout his career, Chathuar has handled diverse responsibilities including business transformation, financial and business strategy formulation, treasury and working capital management, taxation, budgeting, MIS, and evaluation of organic and inorganic growth opportunities. His experience in building finance and strategy teams and driving long-term value creation is expected to support the company's financial leadership and strategic objectives.
Educational and Professional Qualifications
The new CFO holds strong professional credentials in finance and accounting. He is a qualified Cost Accountant and Chartered Accountant, providing him with comprehensive expertise in financial management and strategic planning.
| Qualification: | Details |
|---|---|
| Professional: | Cost Accountant, Chartered Accountant |
| Executive Education: | Executive Certification Program in Finance |
| Institution: | Harvard University |
| Career Span: | Consumer and Manufacturing Sectors |
Market Response and Corporate Governance
The company disclosed that there are no relationships between Chathuar and the board of directors, maintaining transparency in corporate governance. Raymond Lifestyle Limited shares closed at ₹1,009.60, down ₹29.65 or 2.85% on the BSE on January 5, 2026.
This appointment reflects Raymond Lifestyle Limited's commitment to strengthening its financial leadership with experienced professionals. Chathuar's extensive background in consumer industry operations, combined with his proven track record in business transformation and financial strategy, positions him well to contribute to the company's growth objectives and drive sustainable business growth.
Historical Stock Returns for Raymond Lifestyle
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.76% | -5.58% | -4.85% | -21.41% | -50.98% | -65.69% |
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