· Company History Raymond Ltd. 1925 The Company was incorporated on 10th September, 1925 at Mumbai. It manufactures woollen and worsted and hosiery yarns, knitting wool, engineers' steel files and cement. 30,000 shares issued to the Managing Agents for consideration other than cash. 200 shares allotted to the Directors and 19,800 shares to their friends for cash. 1950 A .