Gautam Singhania On Raymond's Big Break-Up: Why Demerging Was The Best Value-Creation Move

At the NDTV World Summit 2026, Raymond Group Chairman Gautam Singhania explained the thinking behind the group's landmark demerger strategy and the creation of independent business entities. Singhania said the primary objective was to eliminate the "holding company discount" and create focused companies with independent management teams, governance structures and growth strategies. According to him, each business now has its own board comprising sector experts relevant to its operations, whether in real estate, lifestyle, aerospace or defence. This allows investors to choose businesses aligned with their investment interests while enabling management teams to remain focused on their respective sectors.