Raymond Appoints Ex-BEL CMD Bhanu Prakash Srivastava as CEO – Defence
Raymond Limited announced the appointment of Bhanu Prakash Srivastava as Chief Executive Officer – Defence, effective July 6, 2026. Srivastava, former CMD of Bharat Electronics Limited (BEL), brings nearly four decades of experience in defence technologies and program execution. He will lead Raymond's strategic expansion into India's defence and aerospace sector, focusing on advanced defence technologies, systems integration, and indigenous manufacturing. At BEL, Srivastava was instrumental in tripling market capitalization, securing significant orders, and launching numerous products. Raymond aims to leverage its manufacturing strengths to contribute to India's 'Atmanirbhar Bharat' initiative in defence.
Key Highlights
- Raymond appoints Bhanu Prakash Srivastava as CEO – Defence.
- Srivastava previously led BEL, tripling its market cap.
- Focus on advanced defence technologies and indigenous manufacturing.
- Aims to build a technology-led defence platform for India's growth.
- Strategic move to capitalize on India's defence sector expansion.
Price Impact
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