|Traded as||BSE: 500495|
|Founder||Har Prasad Nanda and Yudi Nanda|
|Nikhil Nanda (Chairman and Managing Director)|
|Products||Tractors, crop solutions, pick and carry cranes, backhoe loaders, vibratory compactors, railway brake systems, couplers|
Number of employees
|10,000 plus (2018)|
The Escorts Group is an Indian engineering company that operates in the sectors of agri-machinery, construction and material handling equipment, and railway equipment. Headquartered in Faridabad, Haryana, the company was launched in 1944 and has marketing operations in more than 40 countries. Escorts Group’s management team includes Nikhil Nanda as the Chairman and Managing Director.. Sh Rajan Nanda, Former Chairman & Managing Director of Escorts Group passed away on Aug 5, 2018 after a prolong illness.
Escorts Group was founded in 1944 by two brothers, Har Prasad Nanda(b.1918) and Yudi Nanda, in the name of Escorts Agents Ltd. in Lahore. They started out with the family owned Nanda Bus Company in Jammu. Escorts Limited was incepted in 1960 after the company set up its manufacturing base at Faridabad and started manufacturing X Ray machine with collaboration of Westinghouse & Heating Elements with Elpro. Since inception, Escorts Group has been associated with engineering companies such as Minneapolis Moline, Massey Ferguson, Goetze, Mahle, Ursus Factory, CEKOP, Ford , J.C. Bamford Excavators, Yamaha, Claas, Carraro, First Pacific Company, Hughes Communications, Jeumont Schneider, Dynapac, etc.
Escorts Agri Machinery
Escorts Agri Machinery was launched in 1960. The company manufactures tractors under the brand names of Farmtrac, Powertrac and Steeltrac. It has four manufacturing plants in Faridabad and one subsidiary unit in Poland in the name of Farmtrac Europe.
Escorts Construction Equipment
Escorts Construction Equipment manufactures and markets construction and material handling equipment like pick and carry cranes, backhoe loader, vibratory rollers and forklifts. The manufacturing and assembly facility is located in Sec 58, Faridabad.
Railway Equipment Division
Railway Equipment Division manufactures and supplies critical railway components such as air brake system, EP brake system, draft gears and couplers, composition brake blocks, dampers and rubber components to Indian Railways. The manufacturing facility is located in Sector 24, Faridabad.
Knowledge Management Centre
Set up in 1976, the Escorts Knowledge Management Centre (KMC) is spread over 100,000 sq.m. area in Faridabad. This centre designs the entire tractor – engine, transmission plus hydraulic systems and vehicle design consisting of sheet metal (including styling), controls and accessories.
The KMC has facilities such as engine laboratory featuring computerized test beds with online control, data acquisition and analysis, advanced vehicle testing laboratory, noise vibration and harshness lab, metrology lab, and materials engineering lab. The KMC uses 3D-modeling, analysis and simulation software for engines, transmissions and vehicles. Physical prototypes are then tested for performance, durability and reliability.
- On 24 June 2015, the company signed a five-year deal with US-based IT firm Cognizant Technology Solutions. This deal is to bring digital transformation to all its business segments including agri-machinery, material handling and construction equipment and railway equipment.
- "How Nikhil Nanda is transforming Escorts to recapture it's lost ground".
- "Can Nikhil Nanda turn around Escorts". Business Standard Website. 21 January 2015.
- "Nikhil Nanda wants exports to drive growth". DNA Website. 18 August 2014.
- "Escorts forms JV with Amul Group for Specialised Tractors". Hindu Business Line. 13 April 2015.