The Indian textile enterprise Raymond was originally established in 1925 in Thane, Maharashtra, tracing its early business roots back to the property and operations initiated by the Voycard family before being acquired and expanded by the Singhania family, who built it into an industrial empire. Meanwhile, the American material handling enterprise, The Raymond Corporation, was founded by George G. Raymond Sr., who pioneered industrial design innovations like the double-faced wooden pallet and narrow-aisle lift trucks.