Raymond Lifestyle Limited announced that Mr. Prasad Ellatch Chathuar has been appointed as the Chief Financial Officer of the Company effective January 27, 2026, in place of Mr. Vishal Raigagla, Interim CFO pursuant to Section 203 of the Companies Act, 2013. Mr. Prasad Ellatch Chathuar is a visionary executive with rich experience of 28 years in Consumer Industry. Before joining this Company, he was Chief Financial Officer in Bajaj Electricals Limited.
He has handled various roles in the organization since joining and predominantly helped the Company in Business Transformation, Business and Financial strategies including evaluation of organic and in-organic growth strategies, Treasury Management, Working Capital Management, Finance, MIS & Budgeting, Taxation, Commercial Activities, and building a Finance and Strategy team for the future. Previously, he has worked with Voltas Limited in senior position for over 17 years and also in Emami Paper Mills Limited for 5 years. Mr. Prasad is a Cost Accountant, Chartered Accountant and has done an Executive Certification Program in Finance from Harvard University.
Consequent to the aforementioned appointment, Mr. Vishal Raigagla who has been serving as the Interim Chief Financial Officer of the Company since October 29, 2025 will cease to hold the said position effective from January 27, 2026.
Raymond Lifestyle Limited is an India-based fashion and retail company with men's fashion brands and a retail network. The Company offers fashion products and services with branded textile, apparel brands across formal, casual and ethnic wear. Its segments include Textile, Shirting, Apparel, Garmenting, and others. Its business includes branded apparel, suiting, shirting, garmenting, Retail -The Raymond Shop, Raymond Made To Measure, Raymond Home and Ethnix. The Company's brands include Raymond, Park Avenue, ColorPlus, Parx, Raymond Ready to Wear, Sleepz by Raymond and Ethnix by Raymond. Its fabric manufacturing plants have an aggregate manufacturing capacity of around 43 million meters of suiting fabric extending across all wool, poly-wool, silk and other premium blends. Its Ethnix by Raymond is a collection of readymade ensemble solutions for festivities and special occasions. The Company's Raymond Made To Measure business offers customization of suits, formal jackets and shirts.
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