Raymond appoints Bhanu Prakash Srivastava as CEO of Defense Business

Ceo Appointed ExternalManagement Changes View source PDF

RAYMOND · price

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-0.1%1-day move

₹611.40

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₹614.65

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AI summary

Raymond has appointed Mr. Bhanu Prakash Srivastava as CEO of its Defense Business effective July 6, 2026, classified as Senior Management Personnel. He is an external hire with over four decades of experience at Bharat Electronics Limited (BEL), where he served as Chairman and Managing Director from 2022 to 2024. He holds a B.Tech in Mechanical Engineering from IIT-BHU and an MBA. His expertise spans radars, sonars, missile systems, and C4I systems for military applications.

Likely market impact

Brings a seasoned defense sector veteran (ex-CMD of BEL) to lead Raymond's defense business, indicating a serious strategic push into the segment.