The Board of Directors of Escorts Limited on Tuesday announced appointment of Nikhil Nanda as the new Chairman and Managing Director.
India's leading engineering conglomerate, Escorts, announced the appointment after the approval by the Board of Directors unanimously.
"I am aware that an enormous responsibility, with a great legacy, has been entrusted on me. Our founder Chairman Mr. HP Nanda created Escorts to elevate human lives by eradicating drudgery through technology driven agriculture and infrastructure. Along with our late Chairman, Mr. Rajan Nanda, I got an opportunity to nurture the legacy and build a strong engineering set-up to cater to community development," said Chairman and Managing Director Escorts Ltd., Nikhil Nanda.
"It is a privilege to lead this company which has been built by innovation, highly respected board and a great team. I am confident that with board's guidance and our engineering strength we will continue to live up to the expectations," added Nanda.
Nikhil's appointment comes post the demise of former Chairman and Managing Director of Escorts Ltd., Rajan Nanda, who passed away after a brief illness.
A third-generation entrepreneur, Nikhil Nanda is an alumnus of Wharton Business School, Philadelphia, with majors in Management and Marketing.