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Escorts Ltd appoints Nikhil Nanda as CMD

By Niranjan Mudholkar,

Added 07 August 2018

Succeeds Rajan Nanda, who passed away recently

Nikhil Nanda is a third-generation entrepreneur and the driving force behind the Group's diversified business portfolio. He has played a vital role in propelling the company to record performances & disruptive innovations. He was appointed as Managing Director of Escorts in 2013 and he has been a key member of the Board since 1997. The company under his leadership has not only built an innovative product portfolio strengthening both domestic and International business but also has seen a multifold rise in the stock performance Increasing its market cap by more than 10 times thus creating tremendous value for shareholders and investors. He is a member of Northern Regional Council of Confederation of Indian Industry (CII), Federation of Indian Chambers of Commerce & Industry (FICCI), the Indo American Chambers of Commerce (IACC), Science & Technology Society of Japan and a high-level strategic group constituted by All India Management Association (AIMA) & Young India Committee of CII. Nanda is an alumnus of Wharton Business School, Philadelphia, with majors in Management and Marketing. He was selected as one of five ‘Indians who are global leaders of tomorrow' by the World Economic Forum.

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