Schedule a Call Back
Escorts Chairman Rajan Nanda passes away
Industry News- Aug 06,18
Rajan 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, H P Nanda
New Delhi, August 6
Rajan Nanda, Chairman and Managing Director of the Escorts Limited, passed away on Sunday, August 5, 2018, after a brief illness. He was 76 years. Rajan Nanda is also father-in-law of Shweta Bachchan Nanda, daughter of Amitabh Bachchan.
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, H P Nanda, stepped down after a 50 years long innings. “A committed philanthropist and visionary, Rajan Nanda will always be remembered for his vision of sound business governance, acumen and value driven management practices,” said Escorts Group press release.
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 spearhead the growth to the next level, and today, the Escorts Group is moving ahead in the high growth areas of agri-machinery, construction equipment and railway equipment. Nanda was also instrumental in setting up the state-of-the-art R&D facility for Escorts at Faridabad which today is the bedrock for innovation and new product development which is making Escorts an exporter to the world.
“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,” added the press release.
Rajan 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.
Related Stories
Construction Equipment
Proposed safeguard duty on steel imports concern for Indian CE sector: ICEMA
The imposition of additional duties would exacerbate these challenges and could have a cascading impact on infrastructure development, which is crucial to India’s economic momentum. Furthermore, i..
Read moreConstruction Equipment
Ammann India expands operations with new manufacturing facility in Gujarat
The facility's design is centred on sustainability. Comprehensive environmental measures have been incorporated by Ammann, such as the installation of solar panels to lessen carbon emissions, IIoT-e..
Read moreOther Industrial Products
Collaborating for Constructive Growth
India’s real Gross Domestic Product (GDP) grew 6.2 per cent in the October to December 2024 period, the third quarter of the fiscal year, picking up pace from 5.6 per cent growth in the previous q..
Read moreRelated Products
Tata Motors unveils facilities for development of Hydrogen propulsion tech
AUTO COMPONENTS & ACCESSORIES
Tata Motors, India?s largest automobile company, unveiled two state-of-the-art & new-age R&D facilities for meeting its mission of offering sustainable mobility solutions. The unveilings constitute of Read more
Tata Motors plans petrol powertrain for Harrier and Safari SUVs
AUTO COMPONENTS & ACCESSORIES
Tata Motors is in the process of developing a new petrol powertrain for its premium sports utility vehicles, the Harrier and Safari, as confirmed by a senior company official. Currently, these models Read more
Electric Vehicle Charger
AUTO COMPONENTS & ACCESSORIES
RRT Electro is engaged in manufacturing of customized Power Electronic Products over two decades having capability to Design, Develop, Prototyping, Regulatory Compliance testing & Certification, Manuf Read more
latest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
