[1][2] It is named after the French military commander Monsieur Raymond who served the Nizams of the Hyderabad state during the 18th century.

Raymond was not only held in high esteem by the 2nd Nizam, but had also won the love and trust of the local people.

[3][4] George Bruce Malleson said that "No European of mark who followed him in India, ever succeeded in gaining to such an extent the love, the esteem, the admiration of the natives of the country."

[citation needed] On 2 October 2023, BRS Working President, Minister for Municipal Administration & Urban Development, Industries and IT&C K. T. Rama Rao laid the foundation stone of 30-floor Malakpet IT tower- iTek Nucleus in Moosarambagh area.

[5] The IT tower will span 11 acres with a built-up space of 15 lakh sqft with a cost of Rs.