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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