# Nikhil Nanda

Nikhil Nanda (born 18 March 1974) is an Indian businessman residing in UK. He is the Chairman and Managing Director (CMD) of Escorts Kubota Limited (formerly Escorts Limited), an Indian multinational engineering conglomerate that specialises in agricultural, construction and railways equipment and machinery. He is a third-generation entrepreneur, being the grandson Har Prasad Nanda, who founded the company in 1944, and son of Rajan Nanda, who served as the CMD of the group until August 2018.

## Early life and background

Nikhil Nanda was born on 18 March 1974 in New Delhi to a Punjabi Hindu family. His father, Rajan Nanda from Fazilka, was an industrialist and the chairman and managing director of Escorts Group. His mother, Ritu Nanda (daughter of Raj Kapoor and Krishna Kapoor), worked as an insurance agent for Life Insurance Corporation.
He did his primary schooling from Hillgrange Prepratory School in Dehradun. He is an alumnus of The Doon School in Dehradun, India. After completing his schooling, he studied business management at Wharton School, University of Pennsylvania, United States, where he majored in finance and marketing.
His maternal grandfather was actor-director Raj Kapoor and his great-grandfather, Prithviraj Kapoor, was an actor. Actors Rishi Kapoor, Randhir Kapoor and Rajiv Kapoor are his maternal uncles, while actresses Neetu Singh and Babita are his aunts by marriage. Actors Karisma Kapoor, Kareena Kapoor Khan, Ranbir Kapoor, Armaan Jain and Aadar Jain are his maternal first cousins.

## Career

Nikhil Nanda joined Escorts Limited in 1997, initially serving as its Director and group Chief Operating Officer. In 2012, the construction equipment subsidiary Escorts Construction Equipment Limited merged into Escorts Limited.
He was promoted to Joint Managing Director of the group in 2007, and in 2013 to Managing Director. Under his leadership, the company launched the Farmtrac premium tractor series in 2014. It also unveiled India's first-ever electric concept tractor in 2017, an automated concept tractor in 2018 and a hybrid concept tractor in 2019.
He took over as the Chairman and Managing Director (CMD) of the group in August 2018, after the death of his father Rajan Nanda.
In 2021, Escorts Limited entered into a collaboration with Kubota Corporation, with Kubota raising its equity stake in the group. The group was eventually renamed as Escorts Kubota Limited in 2022.
In 2022, Nikhil Nanda was appointed as the Senior Managing Executive Officer of Kubota Corporation, General Manager of “Value Innovative Farm and Industrial Machinery Strategy & Operations templte [sic?]” of Kubota Corporation.

## Personal life

Nanda married Shweta Bachchan, daughter of film actors Amitabh Bachchan and Jaya Bachchan, on 16 February 1997. The couple has two children, daughter Navya Naveli Nanda (born December 1997), an entrepreneur, and son Agastya Nanda (born November 2000), an actor.

## Recognition and awards

In 2001, Nikhil Nanda was selected as one of the Global Leaders of Tomorrow by the World Economic Forum, Geneva. He was appointed by the Indian government to represent the country at the Indo-Spain CEOs Forum in 2017. He was named the ‘Best CEO-Auto & Auto Ancillaries’ by Business Today for the period 2019-2020.