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Escorts strengthens Leadership Team

Inducts Ravi Menon as CEO of Agri Machinery business

S Sridhar to lead Construction Equipment business

New Delhi, April 7, 2016 Escorts Ltd., the global Agri Machinery and Construction Equipment manufacturer, has appointed Mr Ravi A Menon as Chief Executive Officer of its Agri Machinery business. Mr Menon takes over from Mr S Sridhar who would now move to head Escorts Construction Equipment (ECE).

Mr Menon has been credited for shaping the development cultures of some of the most influential and valuable companies and brings over three decades of experience in marketing, sales, branding, international markets and production from industries as varied as tractor, cement and industrial products. Mr Sridhar will focus on transforming and building organizational energy at ECE to leverage emerging business opportunities.

According to Mr. Rajan Nanda, Chairman & Managing Director, Escorts Limited“We have strengthened our leadership team at a time when Escorts has created a strong base for growth across its businesses. At Escorts, we have focused on creating synergies between the businesses. Mr Menon’s induction brings cross-industry experience and a strong understanding of the different aspects of enterprises and Mr Sridhar’s movement to ECE would help further strengthen the process of integration in key areas.”

Mr. Nikhil Nanda, Managing Director of Escorts Limited said, “Escorts today is a transformed organization at multiple levels. We are focusing on improving operational efficiency across businesses. We are strongly focused to strengthen our manufacturing and product development capabilities, enabling us to aggressively address our markets and customers at the frontend. The strong leadership and vast experience that both Mr Menon and Mr Sridhar bring to the table would be important to achieving the ambitious objectives that the group has set for itself.”

About Escorts Limited

The ESCORTS GROUP is among India's leading engineering conglomerates operating in high growth sectors of Agri Machinery, Material Handling & Construction Equipment, Railway Equipment and Auto Components. The Group has earned the trust of over 5 Million customers by way of product and process innovations over six decades of its existence. Escorts endeavors to transform lives in rural and urban India by leading the revolution in agriculture mechanization, modernization of automotive & railway technology and transformation of Indian construction.

For further information, contact:

Sharad Gupta
Head, Corporate Communications
sharad.gupta@escorts.co.in

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