New Delhi, March 10 -- Raymond is quietly reinventing itself as a player in precision engineering and aerospace manufacturing.

With components for electric vehicles, aero-engines and a growing export pipeline, the company is positioning itself to capture the next phase of global manufacturing growth.

The strategy aligns with India's expanding role in the global aerospace components market, which is projected to grow from about $1.5 billion to $4 billion (around Rs.36,800 crore) over the next four years.

Once a diversified conglomerate spanning branded textiles, apparel, garmenting, real estate and specialised engineering businesses, Raymond has since restructured its portfolio to unlock shareholder value.

The company spun off its text...