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
Auto & Auto Components
Belrise Industries acquires Hyva India’s Tipper Body Business
Belrise Industries has acquired Hyva India’s Tipper Body Business for about USD 5.65 million, strengthening its position in the commercial vehicle ecosystem.
Read moreAuto & Auto Components
Carraro India Q1 FY27 revenue rises 10%
Carraro India reported 10 per cent growth in Q1 FY27 revenue from operations to Rs 5.447 billion, supported by a 26 per cent rise in domestic revenue, while PAT increased 8 per cent.
Read moreConstruction Equipment
MCE-linked capital spending to reach Rs 10 trillion by 2030
CII-BCG expects spending across MCE-linked sectors to rise from Rs 5.5 trillion in 2025 to Rs 9–10 trillion by 2030, supporting manufacturing and exports.
Read moreRelated Products
Automotive Oil Pump
AUTO COMPONENTS & ACCESSORIES
Kalpak Auto Pvt Ltd offers a wide range of
automotive oil pump.
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
latest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
