Industry mourns passing away of Escorts' Rajan Nanda

Chairman and Managing Director of the Escorts Limited, Mr Rajan Nanda, passed away recently, after a brief illness. He was 76 years. Mr. Nanda joined Escorts in 1965 at the age of 23, and in 1994, he took over as the Chairman of Escorts Group, when his father and the founder Chairman, Mr. H P Nanda, stepped down after a 50 years long innings. A committed philanthropist and visionary, Mr Nanda will always be remembered for his vision of sound business governance, acumen and value driven management practices. Known for his humility and kindness, he will always be an inspiration to everyone in Escorts family. It was under his stewardship that new technologies were introduced in various businesses to drive growth to the next level, and currently, the Escorts Group is moving ahead in the high growth areas of Agri-Machinery, Construction Equipment and Railway Equipment.

Mr. Nanda was also instrumental in setting up the state-of-the-art R&D facility for Escorts at Faridabad which today is the nerve-centre for innovation and new product development which is making Escorts an exporter of quality products across the world. Escorts is committed to continuing his work and build an enterprise of global scale. Known for his humility and kindness, he will always be an inspiration to everyone in the Escorts family. Mr. Nanda’s strong belief in the unlimited potential of self, prompted him to strive and create a culture in Escorts that encourages and supports performance, teamwork, innovation and leadership. He firmly believed that the welfare of business is intertwined with the welfare of the society. He had proactively pursued the cause of education, health and welfare of the society at large. Mr. Nanda was an active member of several apex trade and industry bodies. As a member of the CII National Council, he had served as Chairman of its Agriculture Committee.