Employee wellbeing a new growth strategy for Raymond, says chairman

By

Isabelle Crossley

Published
Dec 20, 2017

​For the past nine financial quarters, Raymond Group has reported increased performance. Alongside the growth, the company is keen to ensure continued employee wellbeing, says Gautam Singhania, the Chairman of Raymond.

The textile manufacturer and parent company Raymond Group have been experiencing consistent growth and one of the ways they aim to continue this is by focusing on the well-being of their employees.

Raymond is rolling out a series of initiatives for their workers. The company recently held a Retail Employees Day on December 12 where employees were congratulated for their service to the company. The idea is to develop a healthy business environment which will allow employees to work to their full potential.

Singhania said: “quarter on quarter, in the last nine quarters, Raymond’s performance has steadily increased and because of that you are seeing a correlation to the stock price.” However, in the fast paced fashion and textile business, growth can never be taken as a given and so the brand has shared some of its plans to retain this positive growth. “What is good for the company is obviously good for the employees and good for the shareholders,” said Singhania.

Raymond Group is also in the process of developing a township in Amravati where they set up a textile plant. Phase One will see the development of 200 houses there and the end goal is a total of 2,000 as well as an on-site school. Raymond’s have also stated that their Amravati plant will be a major growth driver moving forward. Singhania said: “As soon as the plant starts stabilising, we should see good contributions from this plant and we are in line with our projections. Also this is phase one. There is a place for expansion of line two which can easily double the capacity in the medium to short term.”