Farm and construction equipment maker Escorts today appointed Nikhil Nanda as the Chairman and Managing Director (MD) of the company to succeed his father Rajan Nanda who passed away earlier this week after a brief illness.
"I am aware that an enormous responsibility, with a great legacy, has been entrusted on me...I am confident that with board's guidance and our engineering strength we will continue to live up to the expectations across stakeholders," Nikhil said.
Escorts will create products and solutions which will transform agriculture by empowering farmers with mechanised, precision-based autonomous technology and partner nation to build smart and safe infrastructure, he added.
Nikhil, who is an alumnus of Wharton Business School, Philadelphia, has been a key member of the company's board since 1997.
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