Raymond Limited has named K. Narasimha Murthy as Additional Director. Based on the recommendation of the Board of Directors of the Nomination and Remuneration Committee, Murthy will serve as an Additional Director, categorised as an independent director, for a period of five years. His appointment has come into effect from April 21.

A cost accountant by profession, Murthy has been associated with several institutions. Currently, he is associated with the Boards of National Stock Exchange India Ltd., (NSE), NELCO (A TATA Enterprise), Max Financial Services Ltd., Max Life Insurance Company Ltd., Max Healthcare Institute Ltd., Max Life Pension Fund Company Ltd. Shivalik Small Finance Bank Ltd.

He has been re-appointed as a Non-Executive Independent Director of Max Healthcare for a second term of five consecutive years on the Board of our Company with effect from September 26, 2019. He has been a director in various companies such as IDBI Bank Limited, UTI Bank Limited

He is also associated with the development of Cost Accounting Record Rules for many industries as a member of informal advisory committee.