Leadership change comes as company plans next phase of growth
The Board of Directors of Raymond Lifestyle has approved the appointment of Satyaki Ghosh as Chief Executive Officer and key managerial personnel, effective 19 January 2026, according to a regulatory filing.
Ghosh joins the company at a time when domestic consumption and international market trends are creating new opportunities for the lifestyle business. The Board confirmed that he will assume charge immediately.
Raymond Group Chairman Gautam Hari Singhania said, “Ghosh joins at a crucial time as rising domestic consumption and evolving international markets present significant opportunities for the lifestyle business.” Ghosh said he was pleased to join “an iconic Indian brand with over a century of legacy” and plans to focus on consumer centricity and innovation.
Professional Background
Ghosh brings over 25 years of experience across FMCG, textiles, retail, and consumer businesses, with expertise in both B2B and B2C operations. He joins Raymond from the Aditya Birla Group, where he most recently served as CEO of the Cellulosic Fashion Yarn division at Grasim Industries, managing a large-scale manufacturing operation focused on efficiency and sustainability.
At Aditya Birla Group, Ghosh has also served as CEO of Domestic Textiles and headed the Thai Acrylic Fibre business, overseeing multi-country operations. Earlier in his career, he spent seven years with L’Oréal India, including as Director of the Consumer Products Division, managing global brands such as L’Oréal Paris, Garnier, and Maybelline. His previous experience also includes senior roles at PepsiCo India, Spencer’s Retail, GE Lighting, and Burns Philp.
The company has also appointed EC Prasad as CFO, who will assume the role at an upcoming board meeting. Raymond Lifestyle operates over 1,650 exclusive stores across 600 Indian cities. The company manufactures worsted suiting and shirting fabrics alongside various apparel brands. On the stock market, Raymond Lifestyle shares closed at Rs 934 on the NSE, down RS 11.30 or 1.20 per cent.
