In 1944, the family bought a woolen textile mill - Raymond Woollen Mills - in Thane from E.D. Sassoon & Co. Kailashpat took charge of the company and was instrumental in its growth. Today Raymond Group is a leading producer of fabrics in India. The business subsequently got divided between the brothers. Padampat took over the north Zone with Kanpur as headquarters. Lakshmipat resettled in Kolkata and took control of eastern zone while Kailashpat moved to Mumbai to head the western zone. Later on Lakshmipat moved to Delhi and established it as headquarters for businesses under his control.
