Raymond Lifestyle names Satyaki Ghosh CEO in growth push

Raymond Lifestyle Ltd has appointed Satyaki Ghosh as its chief executive officer, as the company reshapes its leadership to support its next phase of growth.

The company announced the appointment on Monday, saying the move is part of its ongoing transformation efforts to strengthen the organisation amid changing consumer and market dynamics.

Ghosh brings more than 25 years of experience across FMCG, textiles, retail and consumer businesses, with exposure to both B2B and B2C environments. He joins Raymond Lifestyle from the Aditya Birla Group, where he most recently served as chief executive officer – Cellulosic Fashion Yarn at Grasim Industries, leading a manufacturing-intensive business focused on operational excellence, sustainability and profitability.

Before that, he was chief executive officer – Domestic Textiles at the Aditya Birla Group and headed the Thai Acrylic Fibre business, overseeing multi-country operations and complex global manufacturing footprints, the company said.

Commenting on the appointment, Gautam Hari Singhania, chairman of the Raymond Group, said, “Satyaki is joining Raymond Lifestyle at a crucial inflection point wherein the business is poised for growth and transformation with a plethora of opportunities across the sector. With domestic consumption in India rising rapidly and the evolving geopolitical developments opening up new horizons in international markets, our Lifestyle business is poised for growth in long term. Satyaki’s on-boarding will unleash fresh energy and passion across the business and its stakeholders.”

Earlier in his career, Ghosh spent more than seven years at L’Oréal India, where he held senior leadership roles including director of the consumer products division, with responsibility for brands such as L’Oréal Paris, Garnier and Maybelline.

Speaking on his appointment, Ghosh said, “I am delighted to be joining an iconic Indian brand with a rich legacy of over a century which has been integral to the Indian identity and promises new avenues for growth. With a focus on consumer centricity along with innovation and sharpening the offerings, we would contribute meaningfully to larger value creation.”

Raymond Lifestyle also said it has recently onboarded E.C. Prasad, who is expected to assume the role of chief financial officer following approval at an upcoming board meeting.

The leadership changes come as Raymond Lifestyle looks to sharpen its consumer focus and execution capabilities in a competitive apparel and lifestyle market.