Rajan Nanda: End of an era

Nanda was among the rare businessmen who have seen their fortunes flourish, dwindle and then recover

Aug 06, 2018, 15:23 IST1 min

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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

Image by Madhu Kapparath

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Rajan Nanda joined Escorts in 1965 at the age of 23, before assuming the charge as chairman and managing director in 1993. He oversaw a tumultuous period in the group's history, only to have it rebound much later. "I’d like to say that we’ve not only made money, we’ve earned respect as a company,"Nanda said in his interview to Forbes India.

Image by Madhu Kapparath