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Escorts Limited appoints O.K. Balraj as Group Chief Financial Officer

Escorts Limited today appointed O.K. Balraj as Group Chief Financial Officer.

A Chartered Accountant by profession, certified under the Indian Institute of Bankers, London, with an advanced degree/ diploma from Harvard University on Project Finance, Balraj comes with over 28 years of rich and valued experience in different facets of financial operations and executive management. Prior to joining Escorts Limited, Balraj was working as Group Director (Finance) at NSL Group. At NSL Group, Balraj was responsible for dealing with banks and financial institutions for raising capital for fund expansion projects, follow-up of new investments for formulating strategic business plan. He has also worked at senior positions in reputed organizations like Goghenheim Infrastructure Fund, New York, Essar Group, IDFC, ANZ Grindlays and Tata Group.

On his appointment, Mr. Rajan Nanda, Chairman - Escorts Limited said, "Balraj's focus would be to provide strategic thrust for Escorts growth through improving business economic performance of the organization with focus on profit earnings for all businesses. The company is in a resurgent phase and we are confident that Balraj's expertise and experience will be a key asset as we further implement our financial and operational strategies to move Escorts forward. We are confident that under his able guidance, the company will further strengthen its balance sheet and create significant value for our shareholders."