The history of Raymond dates back to its founding in 1925 as a small woolen mill in Thane, near Mumbai. Over the decades, it evolved under successive leadership generations into an industrial giant, pioneering worsted suiting manufacturing in India and establishing an unmatched retail presence. In recent years, the corporation embarked on a comprehensive restructuring roadmap—spinning off lifestyle retail into separate entities and aggressively scaling into real estate and defense manufacturing—to modernize its business profile for the twenty-first century.