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Nikhil Nanda appointed Managing Director of Escorts Ltd

New Delhi, September 18, 2013: The Board of Directors of Escorts Limited today announced the appointment of Mr. Nikhil Nanda as its Managing Director. He is currently the Joint Managing Director.

As Joint Managing Director, Nikhil has successfully driven the growth and expansion plans of the company across all verticals of the organization, seizing opportunities across the globe.

Speaking on the appointment, Mr. Rajan Nanda, Chairman, Escorts Limited, said, “The Board of Directors unanimously believed that it was time for Nikhil to shoulder larger responsibilities given the ambitious targets that the company has set. The days ahead have an equal measure of challenge and opportunity and I am confident that the company is in good hands. Nikhil has worked through extremely challenging periods and handled the mandate of the Board with maturity and vision to deliver sound results in a rapidly changing economic environment. I am confident that his vision, experience and belief in working as a team leader will take Escorts to the next level. I am with him all through his journey treading new paths and exploring new territories to deliver value to all our stakeholders.”

According to Mr. Nikhil Nanda, “I am aware that an enormous responsibility, with a great legacy, has been entrusted on me. Our Chairman’s steering of the ship over the years has taken us to safe waters where we can think of venturing out to new markets and new horizons. The biggest strength of Escorts is the team which is transforming our ethos, our thinking and our path of growth while building on the core values of the group. It is a privilege to be asked to lead this company which has been built and nurtured by giants of industry and is today resting on the shoulders of a great team. I look towards the Chairman, the Board of Escorts, our shareholders and investors, our partners, the Escorts management team and the strong, motivated workforce to help shape new dreams and start new movements.”

Mr. Nanda is an alumnus of Wharton Business School, Philadelphia, with majors in Management and Marketing.

About Escorts Group

The ESCORTS GROUP is among India's leading engineering conglomerates operating in high growth sectors of Agri Machinery, Material Handling & Construction Equipment, Railway Equipment and Auto Components. The Group has earned the trust of over 5 Million customers by way of product and process innovations over six decades of its existence. Escorts endeavors to transform lives in rural and urban India by leading the revolution in agriculture mechanization, modernization of automotive & railway technology and transformation of Indian construction.

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