Rajan Nanda, Chairman and
Managing Director of the Escorts Limited, passed away on August 5, 2018 after a
brief illness. He was 76 years. Nanda joined Escorts in 1965 at the age of 23,
and in 1994, he took over as the Chairman of Escorts Group, when his father and
the founder Chairman, H P Nanda, stepped down after a 50 years long innings.
A committed philanthropist and
visionary, Rajan Nanda will always be remembered for his vision of sound
business governance, acumen and value driven management practices. It was under
his stewardship that new technologies were introduced in various businesses to
spearhead the growth to the next level, and today, the Escorts Group is moving
ahead in the high growth areas of Agri-Machinery, Construction Equipment and
Railway Equipment. Nanda was also instrumental in setting up the
state-of-the-art R&D facility for Escorts at Faridabad which today is the
bedrock for innovation and new product development which is making Escorts an
exporter to the world.
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