Raymond Limited has appointed Bhanu Prakash Srivastava as Chief Executive Officer – Defence. Prior to this appointment, Srivastava served as Chairman and Managing Director of Bharat Electronics Limited (BEL).
In his new role, he will lead Raymond’s defence business, shaping its strategic vision, operational roadmap and growth agenda as the company builds a future-ready, technology-led defence platform.
During his tenure at BEL, Srivastava tripled the company’s market capitalisation from around ₹51,000 crore to ₹1.5 lakh crore, secured more than ₹55,000 crore in new orders, and oversaw the launch of over 100 products while strengthening its R&D capabilities. He led mission-critical programmes across radar, naval and sonar systems, missiles, electronic warfare and tactical communications, championed indigenisation, and established AI incubation centres to advance India’s defence ecosystem.
At Raymond, Srivastava will be responsible for shaping and executing the company’s long-term defence strategy. He will drive the evolution of Raymond’s engineering capabilities from precision manufacturing into higher-value defence electronics, software, systems integration, and adjacent aerospace and automotive technologies, the company said.
Commenting on the appointment, Gautam Hari Singhania, Chairman and Managing Director of Raymond Limited, said, “India’s defence sector is entering a defining phase of growth, innovation and self-reliance, creating significant opportunities for companies with strong engineering capabilities and long-term commitment.”
Commenting on his appointment, Srivastava said, “I am honoured to join Raymond at a defining moment in its growth journey. The company has built a remarkable legacy of manufacturing excellence, quality and innovation, creating a strong foundation for entering the defence sector. The opportunities emerging from India’s focus on indigenous defence capabilities are unprecedented, and I am excited to work with the leadership team to build differentiated, technology-led solutions, develop strategic partnerships, and create a globally competitive defence business.”
Srivastava holds a degree in Mechanical Engineering from the Indian Institute of Technology (BHU), Varanasi, and has nearly four decades of experience in India’s defence manufacturing and technology sector. Over his 39-year career, he has held leadership roles spanning operations, R&D, marketing, naval systems and strategic programme execution.