The Board of Directors of
Escorts Limited has appointed Nikhil Nanda as the Chairman and Managing
Director of the company. Nikhil Nanda has succeeded Rajan Nanda, former
Chairman and Managing Director of Escorts Limited who passed away on August 5,
2018, after a brief illness.
In a press statement, Nikhil
Nanda, said, “I am aware that an enormous responsibility, with a great legacy,
has been entrusted on me. Our founder
Chairman Mr HP Nanda created Escorts to elevate human lives by eradicating
drudgery through technology driven agriculture and infrastructure. Along with
our late Chairman, Mr Rajan Nanda, I got an opportunity to nurture the legacy
and build a strong engineering set-up to cater to community development. It is a privilege to lead this company which
has been built by innovation, highly respected board and a great team.
confident that with board’s guidance and our engineering strength we will
continue to live up to the expectations across stakeholders. Escorts will
create products & solutions which will transform agriculture by empowering
farmers with mechanized, precision based autonomous technology and partner
nation to build smart and safe infrastructure. Escorts is committed to take the
vision forward and build a global scale and world class company. I look forward
to the Board, our shareholders and investors, our partners & the entire
Escorts team to help shape new dreams and start new technology movements for
community development and a prosper nation.”
Nikhil Nanda is a
third-generation entrepreneur and the driving force behind the Group’s
diversified business portfolio. He has played a vital role in propelling the
company to record performances & disruptive innovations. He was appointed
as Managing Director of Escorts in 2013 and he has been a key member of the
Board since 1997.
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