Escorts Limited

Escorts Limited

Company limited by Shares (2) 2926+ employees

Escorts Limited Description

Escorts Group was established in the year 1944 by two brothers: Hari Nanda and Yudi Nanda at Lahore by the name Escorts Agents Ltd. The company started its inception India in 1960 when the company set up its manufacturing base at Faridabad and started with the manufacturing of X-Ray machines with the help of their collaboration with Westinghouse and heating elements with Elpro. Since the initial stage, the company has been associated with engineering companies that includes Minneapolis Moline, Yamaha, Ford, Carraro, Hughes Communications, Mahle, Massey Ferguson and many more. The company has a diverse number of businesses that include Escorts Agri Machinery, Escorts Construction Equipment, Escorts Railway Products and Escorts Auto Products. Escorts Auto Products manufactures auto suspension products that includes struts, telescopic front forks and shock absorbers for the industry (automotive). They collaborated with Fichtel & Sachs to help introduce the concept of Shock absorbers in the country. Later the business was divested to a Pune based Badve Engineering company in the year 2016. Escorts Agri Machinery was initiated in the year 1960. The company started manufacturing tractors under the name of Powertrac, Farmtrac and Steeltrac. They have four manufacturing plants in Faridabad. The company is equipped with modern engineering and machinery with extreme power and traction. The company has lasted over seven decades, and has been committed to improving the country's agricultural productivity and add happiness to a farmer's life. They currently sell technologically superior range of 12HP to 75HP tractors with two of their star brands Farmtrac and Powertrac. The company has a wide customer base of 14, 00,000. They promise to maximize the uptime of the tractors and equipment that they manufacture. The company promises to present a combination of style with substance to its customers.

Escorts Limited Overview

5000-10000+ employees
Company limited by Shares
Non-govt company
17 Oct,1944
ISO 9001
14 Related OEMs
4 No. of plants

Company Breakup

Name share
Public Financial Companies
Foreign Holdings
Bodies Corporate
Mutual Funds
Total Number Of Shareholders 99842
Shareholding As On 2015-09-18

Escorts Limited in News

18 May 2022

Escorts Construction Equipment launches hybrid pick-n-carry crane

First in the series of Green Products, the newly launched NXT13DC CNG Crane in the 13-ton class has a 49.5 HP BSIII engine compatible with CNG and a robust straight axle backend, the company said in a release. Developed with indigenous R&D, the company added that NXT13DC CNG Crane has a truck-like look and turning radius of just 6.3m along with standard features.

15 May 2022

Escorts lines up Rs 400 cr capex for FY23; eyes higher exports of electric tractors in 5-6 yrs

Escorts has lined up a capex of up to Rs 400 crore for the ongoing fiscal for new product introduction and creation of production capacity for the same, according to a senior company official. The company, which has started exporting electric tractors to markets like the US and Europe, expects it to contribute up to 15 per cent of its overall overseas shipments in the next five to six years.

18 May 2020

Escorts delays opening of new JV plant due to Covid-19

Due to uncertainties in the market conditions post the outbreak of coronavirus pandemic, Escorts Ltd has decided to delay the commencement production at its new JV plant to slightly later date this year. Besides, the company is also mulling to reduce its capital expenditure for FY'21 to weather the current supply chain disruption.

29 May 2017

Escorts profits grow by 91.6% at Rs 160.4 crore

Turnover was up by 21.2 percent to Rs 4,167.6 crore against Rs 3,438.7 crore in the previous fiscal. Material cost was down by 90 bps at 67.0 percent against 67.9 percent in the previous fiscal.

30 Jan 2017

Tractor makers hoping to report double digits growth for first time in 3 yrs

Several tractor manufacturers ET spoke to said sales are likely to grow 18-19% to 5.8-5.85 lakh units by the end of this fiscal. If this comes true, it will be the second highest sales volume recorded in the domestic tractor market in a year after sales surged 20% to a record high of 6,34,151 units in 2013-14.

Directors of Escorts Limited

Name DIN Email Designation Date of joining
Darius Jehangir Kakalia Unlock to View Unlock to View Director 25 May,2016
Nitasha Nanda Unlock to View Unlock to View Whole-time director 16 Jan,2015
Girish Behari Mathur Unlock to View Unlock to View Director 16 Jan,2015
Sutanu Behuria Unlock to View Unlock to View Director 16 Jan,2015
Hayagreeva Ravikumar Puranam Unlock to View Unlock to View Director 29 Jul,2014
Vibha Paul Rishi Unlock to View Unlock to View Director 29 Jul,2014
Hardeep Singh Unlock to View Unlock to View Director 28 Nov,2011
Nikhil Nanda Unlock to View Unlock to View Managing director 17 Oct,2005
Surendra Ambalal Dave Unlock to View Unlock to View Director 02 Sep,2005
Rajan Nanda Unlock to View Unlock to View Managing director 28 Jun,1968

Escorts Limited deals in:

Production Systems

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A component is a part or element that make up a whole machine. In the automotive industry, a vehicle comprises of a number of different components, which when put together, makes up a whole vehicle. Following is the list of the important automotive components:-

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