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Chairman & Managing Director of Raymond Ltd Gautam Singhania at the launch of Park Avenue’s new Logo & Casuals & Eyewear for business in Mumbai on Friday, 25 March 2011.

Chairman & Managing Director of Raymond Ltd Gautam Singhania at the launch of Park Avenue’s new Logo & Casuals & Eyewear for business in Mumbai on Friday, 25 March 2011.

Chairman & Managing Director of Raymond Ltd Gautam Singhania unveils the Park Avenue’s new Logo & Casuals & Eyewear for business in Mumbai on Friday, 25 March 2011.

Chairman & Managing Director of Raymond Ltd Gautam Singhania & Shreyas Joshi President of Raymond Apparel Limited during the launch of Park Avenue’s new Logo & Casuals & Eyewear for business in Mumbai on Friday, 25 March 2011.

Chairman & Managing Director of Raymond Ltd Gautam Singhania at the launch of Park Avenue’s new Logo & Casuals & Eyewear for business in Mumbai on Friday, 25 March 2011.

Chairman & Managing Director of Raymond Ltd Gautam Singhania & Shreyas Joshi President of Raymond Apparel Limited during the launch of Park Avenue’s new Logo & Casuals & Eyewear for business in Mumbai on Friday, 25 March 2011.

Chairman & Managing Director of Raymond Ltd Gautam Singhania at the launch of Park Avenue’s new Logo & Casuals & Eyewear for business in Mumbai on Friday, 25 March 2011.

Chairman & Managing Director of Raymond Ltd Gautam Singhania at the launch of Park Avenue’s new Logo & Casuals & Eyewear for business in Mumbai on Friday, 25 March 2011.

Chairman & Managing Director of Raymond Ltd Gautam Singhania unveils the Park Avenue’s new Logo & Casuals & Eyewear for business in Mumbai on Friday, 25 March 2011.

Chairman & Managing Director of Raymond Ltd Gautam Singhania at the launch of Park Avenue’s new Logo & Casuals & Eyewear for business in Mumbai on Friday, 25 March 2011.

Chairman & Managing Director of Raymond Ltd Gautam Singhania at the launch of ‘Park Avenue Woman’ store by Park Avenue in Mumbai on Saturday,08 September 2007.

Chairman & Managing Director of Raymond Ltd Gautam Singhania at the launch of ‘Park Avenue Woman’ store by Park Avenue in Mumbai on Saturday,08 September 2007.

Chairman & Managing Director of Raymond Ltd Gautam Singhania at the launch of ‘Park Avenue Woman’ store by Park Avenue in Mumbai on Saturday,08 September 2007.