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Over six decades
back two young men set out on a journey together
armed with little beyond intelligence, business
acumen and determination and dreams aplenty. They
believed that India could only achieve total freedom
with a breakthrough in the field of agriculture
and mechanization would have to rule the fields.
Their youthful enthusiasm had kindled the hope
that one day they would make a mark of their own.
They were in fact writing the first chapter of
what has come to be widely recognised as one of
the greatest success stories in Indian industry.
Escorts came into being with a vision. A vision
that eschewed easy paths to profitability, and
sought instead for ways to make a contribution.
A vision that led two young brothers, Yudi and
Hari Nanda, to branch out of their family's prospering
transport business and institute ventures that
were to become the foundations of Escorts Limited.
On 17th October 1944, Escorts Agents Limited was
born at Lahore (now in Pakistan) with Mr. Yudi
Nanda as Managing Director and Mr. Hari Nanda
as Chairman. It was a trendsetting marketing
house driven by the same business philosophy,
which had given their family enterprise an unrivalled
reputation: customer concern. Not long afterwards,
this driving ambition to go beyond the expected
led Hari Nanda to the first of his many successful
business insights - the discovery of the great
business potential that lay in India's villages.
This led to the launch, in 1948, of Escorts (Agriculture
and Machines) Ltd., with Yudi Nanda as Director.
Though separate business entities then, both companies
had two great strengths in common: the dynamic
Nanda brothers and the unifying force of the name
they gave their companies; Escorts, literally
'escorting' their products and services to the
customer while most other businessmen were just
selling.
Tragically, Mr. Yudi Nanda died in an accident
in 1952 - but his spirit remained embedded in
the foundations of the company. Mr. H P Nanda
then took on the mantle to realise the dreams
which he had always seen with his brother.
Escorts (Agents) Ltd., and Escorts
(Agriculture and Machines) Ltd. merged in 1953
to create a single entity -Escorts Agents Pvt
Ltd. Having initially started with a franchise
for Westinghouse domestic appliances, by this
time the Company had already expanded its marketing
and service operations, representing internationally
known German and American organisations such as
MAN, AEG, Haniel & Leug, Knorr Bremse, MIAG
and BMA for sophisticated electrical and mechanical
engineering equipment and Minneapolis Moline and
Wisconsin for agricultural tractors, implements
and engines. Escorts made a major thrust into
the agricultural arena by taking on the marketing
and service franchise for Massey Ferguson tractors
in Northern India, which soon comprised 75% of
MF's all-India sales - a signal tribute to Escorts'
inherent strengths. Its first industrial venture
came up in 1954, in partnership with Goetzewerke
of Germany for the manufacture of piston rings
and cylinder liners - followed by production of
pistons in collaboration with MAHLE, also of Germany,
in 1960. The company's incorporation in its present
name, Escorts Limited, was effected on 18th January,
1960. Escorts' next major industrial activity
was the assembly of tractors in 1961 in technical
cooperation with URSUS of Poland. Subsequently
this led to the manufacture of the country's first
indigenous tractors under Escorts' own brand name,
which were to play a pivotal role in the Green
Revolution. This went on to lay the foundations
that even today are the Company's core strengths
-relevant, world-standard technology through strategic
international alliances; a broadbased marketing
and service network yet unrivalled; powerful symbiotic
relationships with suppliers and dealers; and
above all, the crusade to make a difference.
Beyond the growth of the organisation, these principles
have ensured that Mr. H. P. Nanda's contribution
to the cause of industry and the consumer will
endure. He pioneered the revolutionary concept
of 'interdependence' between ancillary and large
industries, institutionalising vendor development
and in the process building Faridabad and the
entire belt of townships in the region. He introduced
the discipline of service going before marketing,
reassuring the customer that Escorts would stay
with them, that they were here for the long run.
He built lasting alliances with an array of the
world's most respected names in tractors, industrial
equipment, two-wheelers, construction equipment
and telecommunications. Going further, he created
institutions devoted to value engineering and
training, not only as investments in the company's
future but also as catalysts for the enhancement
of Indian industry as a whole the Escorts
R&D Centre and the unique Escorts Institute
of Farm Mechanisation. His concern extended to
the society in which he worked, and he manifested
it by establishing the Escorts Medical Centre
at Faridabad, Escorts Heart Institute and Research
Centre at New Delhi, as well as numerous village
development programmes. And above all, he imbued
the corporation with his own pioneering, entrepreneurial
spirit, instilling both a conscience and a vision
of leadership.
Escorts is testimony to the
valour, vision and values of its Founder Mr. H
P Nanda. He remains the inspiration for our courage,
spirit of adventure and ability to ‘Think
Big’. These qualities are his enduring legacy
and have inspired and encouraged us down the decades
and will continue doing so in all our endeavors.
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