milestones. 1925 – 1999. 2000 – 2010. 2010 – 2017. 2018 – 2020. 1925. In 1925, a small woollen mill named as Raymond Woollen Mill was set up in Thane. 1944. When Lala Kailashpat Singhania took over Raymond in 1944, the mill was used to manufacture coarse woollen blankets and modest quantities of low-priced woolen fabrics.