| Special
Achievements / Events |
- 1944: H. P. Nanda and his
brother Yudhistir laid the foundations of the group by
setting up Escorts (Agents) Limited in Lahore. Later, both
of them moved-on to Delhi and under serious financial
constraints set up Escorts Agricultural Machines Ltd., which
dealt with the marketing of tractors and farm equipments.
- They got a franchise from the global giant Massey
Fergusion and soon emerged as the leader in the Indian
tractor industry.
- 1954: H. P. Nanda set up
his first factory – Goetze (India) Ltd. – that marked the
entry of the group into the manufacturing sector.
- 1961: Escorts set up a
manufacturing base to manufacture tractors with a
technological collaboration with Ursus of Poland.
- During that decade, the group burgeoned into an
industrial group with collaborations with Ford Motors of US
and Yamaha of Japan.
- 1969: Escorts Tractors
Limited came into being. T
- 1983-84: He denied Swaraj
Paul’s attempt to takeover Escorts, despite formidable
opposition from the Indira Gandhi government and the Reserve
Bank of India. This patriotic victory of Nandas only
resulted into the subsequent gradual unending decline of the
Escorts Group.
- He created one of the largest diversified corporate
empires in the country from scratch.
|
<> PROFILE
<> CROSSWORD <> QUIZ <> VIDEOS <> Quiz on History of the
date of his birth <>
Quiz on History of the date of his death <>