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The board of directors of Escorts Ltd has appointed Nikhil Nanda as the Chairman and Managing Director of the company.
The agri-machinery, construction and railway equipment manufacturer on Tuesday said that the board of directors unanimously appointed Nikhil Nanda to succeed Rajan Nanda, former Chairman and Managing Director of Escorts Ltd.
Rajan Nanda, had passed away on Sunday, August 5, after a brief illness.
“I am aware that an enormous responsibility, with a great legacy, has been entrusted on me. Our founder Chairman HP Nanda created Escorts to elevate human lives by eradicating drudgery through technology driven agriculture and infrastructure. Along with our late Chairman, Rajan Nanda, I got an opportunity to nurture the legacy and build a strong engineering set-up to cater to community development," Nikhil Nanda, Chairman and Managing Director of Escorts Ltd, said.
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 and disruptive innovations, the company said.
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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