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.
"I am 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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