Rajan Nanda: End of an era

Nanda with Shailendra Agrawal (seen, extreme right), the chief operating officer and head of research and development (R&D) at Escorts, who has been instrumental in introducing new tractor models. Today, Escorts's business spreads across three arms, agri-machinery, railway equipment and construction equipment. The agri-machinery arm contributes 80 percent of the group's revenue of over Rs 5,000 crore and Nanda had reckoned to Forbes India earlier this year that the group's "hands are full" at the moment to venture into new areas.