Raymond Limited Appoints Former BEL CMD Bhanu Prakash Srivastava as CEO - Defence to Spearhead Strategic Growth

<h1>Raymond Limited Appoints Former BEL CMD Bhanu Prakash Srivastava as CEO - Defence to Spearhead Strategic Growth</h1>

Mumbai, July 6, 2026 — Raymond Limited has announced the appointment of Bhanu Prakash Srivastava as Chief Executive Officer - Defence. This move marks a significant strategic expansion for the company into India's rapidly evolving defence and aerospace sector.

Bhanu Prakash Srivastava brings nearly four decades of distinguished leadership experience from his tenure at Bharat Electronics Limited (BEL), offering deep expertise in defense technologies, large-scale program execution, and institution building. In his new capacity, Mr. Srivastava will be responsible for leading Raymond's defense business, setting its strategic vision, operational roadmap, and growth agenda to build a technology led defence platform.

As India accelerates its focus on Atmanirbhar Bharat and the strengthening of indigenous defence manufacturing, Raymond is positioned to contribute to this national undertaking. The company plans strategic investments to develop advanced capabilities in India, leveraging its strengths in engineering precision, manufacturing excellence, and innovation while supporting the nation's pursuit of technological sovereignty.

Background at BEL​

Prior to joining Raymond Limited, Mr. Srivastava held a senior role as Chairman & Managing Director at BEL. During his tenure, he achieved several key milestones that underscore his capability within the defence sector.

The operational highlights of his time at BEL include:

He led mission critical programmes spanning radar, naval and sonar systems, missiles, electronic warfare, and tactical communications, actively championing indigenisation and establishing AI incubation centres within India's defence ecosystem.

Strategic Focus in Defence​

At Raymond, Mr. Srivastava will drive the long-term defense strategy of the company. His focus will be on evolving Raymond's engineering capabilities beyond precision manufacturing into high-value defence electronics, software systems integration, adjacent aerospace, and automotive technologies.

Commenting on the appointment, Gautam Hari Singhania, Chairman & Managing Director of Raymond Limited, stated that India’s defence sector is entering a phase defined by growth, innovation, and self reliance, presenting vast opportunities for organizations with strong engineering capabilities. He expressed confidence that Mr. Srivastava's proven track record in complex defense programmes makes him the ideal leader to steer Raymond’s defense journey, cementing Raymond as a trusted private sector partner in India's defence ecosystem.

Mr. Srivastava stated upon accepting the role, "I am honoured to join Raymond at this defining moment of its growth journey. The Company has established a remarkable legacy of manufacturing excellence and quality, providing a strong foundation for entry into the defense sector. I am excited to work with the leadership team to build differentiated technology led solutions, develop strategic partnerships, and create a globally competitive defence business."

Bhanu Prakash Srivastava holds a Mechanical Engineering degree from the Indian Institute of Technology (BHU), Varanasi, and brings 39 years of experience in advancing India's defense manufacturing through roles across operations, R&D, marketing, naval systems, and strategic programme execution.

About Raymond Limited​

Since its inception in 1925, the Raymond Group has served as a leader in fabric manufacturing before expanding into engineering and real estate. After demerging its Lifestyle Business in 2024, Raymond Limited operates two core businesses: Real Estate and Engineering. The company's engineering division is well established in national and international markets for manufacturing files and hand tools.

The acquisition of Maini Precision Products Limited (MPPL) positions Raymond's engineering business as a large scale provider of components across Engineering, Automotive, EV, Aerospace, and Defence, targeting high growth precision products both domestically and internationally.

RAYMOND Stock Price Movement​

As of 11:49 AM, shares of Raymond Limited are rallying, trading up 3.12% to ₹626.85 after advancing by ₹18.95 in the dynamic market session. The stock has seen robust investor interest, with 849,680 shares changing hands during the live trading period.