Raymond Ltd Faces Cybersecurity Incident, Core Operations Unaffected

Raymond Ltd, the century-old Indian conglomerate, reported a cybersecurity incident impacting its IT assets on February 19, 2025. The company has swiftly initiated precautionary measures and protocols to mitigate the impact. Despite the breach, Raymond assured stakeholders that its core systems and customer operations remain unaffected. This incident comes at a crucial time for the group, which is planning to list its apparel and real estate units by the end of 2025 to boost shareholder value. The company's proactive response demonstrates its commitment to cybersecurity amid its ongoing restructuring efforts and expansion plans.

Source: Business Upturn, February 19, 2025