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The Raymond Group history
The Raymond Group company history timeline
But what George Raymond started in 1936 as one of Southern California’s original lath and plaster companies has grown into much more.
Lala Juggilal Lala Kailashpat Singhania took over The Raymond Woollen Mill in the year 1944.
The first exclusive Raymond Retail showroom King's Corner was opened in 1958 at Ballard Estate in Bombay.
Raymond had set up a readymade garments plant at Thane in the year 1968.
1968 The company introduces a new lightweight wool, Trovine.
In the meantime, Raymond, which remained focused especially on the textile market, moved to boost its operations in the clothing sector, founding subsidiary Raymond Apparel in 1969.
1969 A clothing subsidiary, Raymond Apparel, is established.
The company took a first step in this direction in 1979, when it began construction of a new factory in Jalgaon.
In 1985, the company extended its reach in the clothing sector with the launch of the Park Avenue brand.
Launched 'Park Avenue' the premium lifestyle brand of the company in the year 1986 provides a complete wardrobe solution to the men who like to dress well & be current on styles & fashion.
In 1986, the company expanded the Park Avenue line to include a range of ready-to-wear business clothing.
The company also took its first step on the international retail scene, opening its first foreign Raymond shop, in Oman, in 1990.
1991 The company launches production of condoms through a subsidiary.
Tom began with The Raymond Group in May of 1994 and has accumulated over 30 years of construction experience working with developers, general contractors, and subcontractors.
In 1995, the company formed a technical partnership with Allegheny Ludlum Corp., based in the United States, to produce high value-added and specialty cold-rolled close annealed and silicon steel products.
1995 Steel production begins.
The Renaissance Collection made of Merino wool blended with polyester and specialty fibres (Super 100S to Super 140S) were comes to existence since 1996 and also in the same year Raymond's denim also introduced.
In 1996, Raymond merged its condom production into a new joint venture company, J.K. Ansell.
In 1996, the company formed a new Aviation division, and launched its own air charter service, Million Air.
Travis brought his education and experience to Raymond in January of 1997 when he began working as an Estimator and Project Manager.
Michael Potter joined Raymond in 1999 with more than 13 years of construction experience.
The company added extra-fine cashmere and merino wool blends, called the Chairman's Collection, in 1999.
The company invested heavily in boosting its production, and by 1999, the steel division accounted for 20 percent of Raymond's total revenues.
After a year in 2000 launched 'Be' an exclusive product line of ready-to-wear designer clothing for men and women.
Vijayapat Singhania retired in 2000, making way for his son, Gautam Hari Singhania.
More successful for the group was its launch of the Be retail designer clothing collection in 2002.
Already, the company had begun to position itself for further growth in its international sales, buying out Regency Textile Portuguesa Limitada in 2003.
2003 The ColorPlus casual brand is acquired.
In 2004 Super 220S fabrics ruled in market under the Chairman's Collection.
The company also acquired ColorPlus in 2004, giving it control of one of India's leading casualwear brands.
During the year 2005 the company had set up state-of-the art jeanswear facility 'Everblue Apparel Ltd.' near Bangalore and also in the same year 'Celebrations Apparel Ltd.' was started for the manufacturing of formal shirts.
By 2005, the company had opened 16 Be stores and had attracted a number of India's prominent designers.
Also in the same year of 2006 formulated J.K. Talabot Ltd JV with MOB France for the manufacturing of files and rasps.
Set of Raymond's third worsted unit at Vapi in Gujarat during the year 2006 and in the identical year launched the design studio in Italy for cutting edge design capabilities for exports and domestic brands.
2006 Denim production is expected to top 40 million tons.
As at October of the year 2007 Raymond opened exclusive Zapp flagship store at Eranakulam in Kochi.
He began as an Estimator/Project Manager in our Southern California office and, in 2008, was tapped to lead Raymond’s San Diego team as Vice President and Area Manager.
Contributing projects to Raymond’s 2016 ranking included the Jacobs Medical Center in San Diego and Wilshire Grand Center in Los Angeles.
In April 2017 the Company had issued and allotted 8.35% - 1500 Unsecured Redeemable Non-Convertible Debentures (NCD) for Series J of Rs1000000/- each for cash at par aggregating to Rs 150 crore on private placement basis.
In March 2018 the Company had issued and allotted 8.65% - 1000 Unsecured Redeemable Listed Non-Convertible Debentures (NCD) for Series K of Rs1000000/- each for cash at par aggregating to Rs 150 crore on private placement basis.
Raymond maintains a culture of safety and in February of 2019 reaches three years of operations without a recordable incident in Southern California.
Glance user base grows by 30% YoY to reach 183 million in Q1 2022
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The Raymond Group competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| California Drywall | 1946 | $56.6M | 250 | - |
| Olympic Companies | 1918 | $8.0M | 375 | 54 |
| Adobe Drywall | 1993 | $12.2M | 100 | - |
| Baker Triangle | - | $260.0M | 1,500 | 7 |
| KHS&S Contractors | 1984 | $49.9M | 1,000 | 4 |
| Edwards & Kelcey Inc | - | $24.0M | 350 | - |
| CRB | 1984 | $810,000 | 5 | 426 |
| Black & Veatch | 1915 | $3.2B | 10,400 | 1,813 |
| Carollo Engineers | 1933 | $240.0M | 1,000 | 450 |
| Burns & McDonnell | 1898 | $3.5B | 2,000 | 1,473 |
The Raymond Group history FAQs
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The Raymond Group may also be known as or be related to Raymond Group Inc, Raymond Group/The and The Raymond Group.