Raymond Lifestyle Limited announced on January 19, 2026, the appointment of Satyaki Ghosh as Chief Executive Officer as part of its ongoing transformation efforts to strengthen the organization for its next phase of growth. This strategic leadership appointment comes at a crucial time as the company positions itself to capitalize on emerging market opportunities.

Leadership Appointment Details

Satyaki Ghosh brings over 25 years of comprehensive experience across FMCG, textiles, retail, and consumer businesses, with deep expertise spanning both B2B and B2C environments. His appointment reflects the company's commitment to strengthening its leadership team for future growth initiatives.

Professional Background

Ghosh joins Raymond Lifestyle Limited from the Aditya Birla Group, where he most recently served as Chief Executive Officer – Cellulosic Fashion Yarn at Grasim Industries. In this role, he led a large, manufacturing-intensive business with a strong focus on operational excellence, sustainability, and profitable growth.

Prior to this position, Satyaki served as Chief Executive Officer – Domestic Textiles at the Aditya Birla Group and also led the Thai Acrylic Fibre business, overseeing multi-country operations and complex global manufacturing footprints. Earlier in his career, he spent over seven years with L'Oréal India, where he held senior leadership roles including Director – Consumer Products Division, with responsibility for several leading global brands such as L'Oréal Paris, Garnier, and Maybelline.

Management Commentary

Commenting on the new leadership appointment, Gautam Hari Singhania, Chairman of Raymond Group, stated that Satyaki is joining Raymond Lifestyle at a crucial inflection point where the business is poised for growth and transformation with numerous opportunities across the sector. He highlighted that with domestic consumption in India rising rapidly and evolving geopolitical developments opening up new horizons in international markets, the Lifestyle business is positioned for long-term growth.

Satyaki Ghosh expressed his enthusiasm about joining an iconic Indian brand with a rich legacy of over a century that has been integral to the Indian identity and promises new avenues for growth. He emphasized focusing on consumer centricity along with innovation and sharpening the offerings to contribute meaningfully to larger value creation.

Additional Leadership Changes

Raymond Lifestyle recently onboarded E.C. Prasad, who will assume the CFO position in the ensuing Board Meeting. This appointment, alongside Ghosh's CEO role, represents the company's strategic approach to strengthening its executive leadership team.

Company Overview

Raymond Lifestyle Limited operates as India's largest integrated manufacturer of worsted suiting and high-value shirting fabrics, offering comprehensive products across fabric, apparel, and garmenting. With a legacy spanning over a century, the Raymond name is synonymous with quality, innovation, and market leadership.

The company's diverse portfolio includes iconic brands such as Park Avenue, ColorPlus, Parx, Raymond Made to Measure, Raymond Ready to Wear, Sleepz by Raymond, and Ethnix by Raymond. Raymond maintains one of the largest retail networks in India, with over 1,650 exclusive stores across 600 cities and towns, and has served over a billion consumers throughout its century-long history.

Raymond Lifestyle Limited has announced a key leadership appointment, naming Mr. Satyaki Ghosh as Chief Executive Officer and Key Managerial Personnel effective January 19, 2026. The appointment was approved by the Board of Directors at their meeting held on January 19, 2026, which commenced at 2:30 p.m. and concluded at 3:00 p.m.

Leadership Appointment Details

The company has filed the necessary intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with both BSE Limited and National Stock Exchange of India Limited. The appointment represents a strategic move to strengthen the company's leadership team.

Professional Background and Experience

Satyaki Ghosh brings over 25 years of comprehensive experience across FMCG, textiles, retail, and consumer businesses, with deep expertise spanning both B2B and B2C environments. He joins Raymond Lifestyle Limited from the Aditya Birla Group, where he most recently served as Chief Executive Officer – Cellulosic Fashion Yarn at Grasim Industries, leading a large, manufacturing-intensive business with a strong focus on operational excellence, sustainability, and profitable growth.

Career Progression

Ghosh's career trajectory demonstrates progressive leadership across multiple industry verticals:

Brand and Business Expertise

During his tenure at L'Oréal India, Ghosh held senior leadership roles including Director – Consumer Products Division, with responsibility for several leading global brands such as L'Oréal Paris, Garnier, and Maybelline. His experience with the Aditya Birla Group included overseeing complex global manufacturing footprints and multi-country operations.

Core Competencies

Throughout his career, Ghosh has demonstrated strong capabilities in several key areas:

• Strategic leadership and business transformation
• Operational rigor and excellence
• Talent development and people leadership
• Sales, marketing, and supply chain management
• Sustainable business outcomes delivery

His extensive experience across large, scaled organizations provides him with a comprehensive foundation in various business functions essential for leading Raymond Lifestyle Limited's operations and growth initiatives.

Regulatory Compliance

The company has ensured full compliance with regulatory requirements, filing the necessary documentation with stock exchanges and making the information available on the company website at www.raymondlifestyle.com . The appointment follows all prescribed guidelines under SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.