Nikhil Nanda
{{short description|Indian businessman (born 1974)}}
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{{Infobox person
| name = Nikhil Nanda
| image = Nikhil Nanda.jpg
| caption =
| birth_name =
| birth_date = {{birth date and age|df=yes|1974|03|18}}
| birth_place = New Delhi, Delhi, India
| death_date =
| death_place =
| occupation = Businessman
|alma_mater = University of Pennsylvania
| spouse = {{marriage|Shweta Bachchan|1997}}
| children = 2, including Agastya{{cite web |last1=filmyposters.com |title=Navya Naveli Nanda Net Worth, Height, Age, Boyfriend, Family, Biography, and 1 best photo – filmyposters |url=https://filmyposters.com/navya-naveli-nanda/ |website=filmyposters.com |access-date=10 July 2023 |date=9 July 2023}}{{cite web |last1=filmyposters.com |title=Agstya Nanda Net worth, Age, Height, Girlfriend, Family, Wiki, Bio, and 1 best photo – filmyposters |url=https://filmyposters.com/agstya-nanda/ |website=filmyposters.com |access-date=10 July 2023 |date=9 July 2023}}
| relatives = {{ublist|Kapoor family|Bachchan family}}
}}
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{{Cite news|url=http://nikhilnanda.in/about/|title=About|date=21 November 2016|work=Nikhil Nanda|access-date=20 August 2018|language=en-US}} 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.{{cite web | url=https://indianexpress.com/article/who-is/who-was-rajan-nanda-escorts-group-chairman-5293522/ | title=Who was Rajan Nanda? | date=6 August 2018 }} His mother, Ritu Nanda{{cite news|url=https://www.financialexpress.com/business/industry-raj-kapoors-daughter-ritu-nanda-was-top-lic-insurance-agent-held-this-world-record-1822864/|title=Raj Kapoor's daughter Ritu Nanda was top LIC insurance agent; held this world record|work=Financial Express|date=14 January 2020|access-date=4 April 2024}} (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.{{cite news|url=http://timesofindia.indiatimes.com/articleshow/13296381.cms|title=Nikhil Nanda: The business of life|last1=Singh|first1=Sanghita|date=18 May 2002|work=The Times of India}}{{Cite news|url=https://www.livemint.com/Companies/DDPNTuEyhPUwaTgOzJItGM/Nikhil-Nanda-appointed-as-chairman-and-MD-of-Escorts.html|title=Nikhil Nanda appointed as chairman and MD of Escorts|date=7 August 2018|work=livemint|access-date=20 August 2018}}
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.{{Cite news|url=https://www.deccanchronicle.com/gallery/entertainment/080818/rajan-nanda-prayer-meet-funeral-death-abhishek-karisma-shweta-amitabh-navya.html|title=After funeral, Bachchans, Kapoors express solidarity with Nanda family|date=8 August 2018|work=Deccan Chronicle|access-date=20 August 2018|language=en}}{{Cite news|url=https://www.hindustantimes.com/bollywood/abhishek-bachchan-brother-in-law-nikhil-nanda-immerse-rajan-nanda-s-ashes-in-haridwar-watch-video/story-dY6iU46CaF2p6Iwju4RtiK.html|title=Abhishek Bachchan, brother-in-law Nikhil Nanda immerse Rajan Nanda's ashes in Haridwar.|date=9 August 2018|work=Hindustan Times|access-date=20 August 2018|language=en}}
Career
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Nikhil Nanda joined Escorts Limited in 1997, initially serving as its Director and group Chief Operating Officer.{{Cite web |title=Escorts Kubota Limited - Best Tractor Manufacturing Companies India |url=https://www.escortskubota.com/escorts-group/board-of-directors/mr-nikhil-nanda |access-date=2025-01-30 |website=Escorts Kubota Limited |language=en}} 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.{{Cite web |title=Rajan Nanda's Prayer Meet: Friends, Family and Bollywood Mourn Escorts Patrirach - In Remembrance |url=https://economictimes.indiatimes.com/magazines/panache/rajan-nandas-prayer-meet-friends-family-bollywood-mourn-escorts-patrirach/in-remembrance/slideshow/65334122.cms?from=mdr |access-date=2025-01-30 |website=The Economic Times |language=en}}
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.{{Cite news |last=Press Trust of India |date=2021-11-18 |title=Kubota Corp to acquire additional 5.9% stake in Escorts for Rs 1,873 crore |url=https://www.business-standard.com/article/companies/kubota-corp-to-acquire-additional-5-9-stake-in-escorts-for-rs-1-873-crore-121111800645_1.html |archive-url=http://web.archive.org/web/20221008115622/http://www.business-standard.com/article/companies/kubota-corp-to-acquire-additional-5-9-stake-in-escorts-for-rs-1-873-crore-121111800645_1.html |archive-date=2022-10-08 |access-date=2025-01-30 |language=en}}
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 {{sic|?|templte}}” of Kubota Corporation.{{Cite news |date=2022-02-22 |title=Nanda family, Kubota to run Escorts jointly |url=https://timesofindia.indiatimes.com/business/india-business/nanda-family-kubota-to-run-escorts-jointly/articleshow/89733391.cms |access-date=2025-01-30 |work=The Times of India |issn=0971-8257}}
Personal life
Nanda married Shweta Bachchan, daughter of film actors Amitabh Bachchan and Jaya Bachchan, on 16 February 1997.{{cite news |last1=Gaikwad |first1=Pramod |title=Why Shweta Bachchan-Nanda lives with her parents, separately from in-laws, husband |url=https://www.ibtimes.co.in/why-shweta-bachchan-nanda-lives-her-parents-separately-laws-husband-811545 |access-date=30 April 2022 |work=IB Times |date=11 January 2020 |language=en |archive-date=30 April 2022 |archive-url=https://web.archive.org/web/20220430111101/https://www.ibtimes.co.in/why-shweta-bachchan-nanda-lives-her-parents-separately-laws-husband-811545 |url-status=live }} The couple has two children, daughter Navya Naveli Nanda (born December 1997), an entrepreneur, and son Agastya Nanda (born November 2000), an actor.{{Cite web|date=23 January 2021|title=Navya Nanda is proud of her dad Nikhil Nanda as he wins award: 'Can't wait to carry forward this incredible legacy'|url=https://www.hindustantimes.com/entertainment/bollywood/navya-nanda-is-proud-of-her-dad-nikhil-nanda-celebrates-his-achievements-can-t-wait-to-carry-forward-this-incredible-legacy-101611388115675.html|access-date=27 April 2021|website=Hindustan Times|language=en}}
Recognition and awards
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In 2001, Nikhil Nanda was selected as one of the Global Leaders of Tomorrow by the World Economic Forum, Geneva.{{Cite web |last=Standard |first=Business |title=5 Indians Among Wef?S 100 Global Leaders Of Tomorrow |url=https://www.business-standard.com/article/specials/5-indians-among-wef-s-100-global-leaders-of-tomorrow-100110501001_1.html |archive-url=http://web.archive.org/web/20250126193015/https://www.business-standard.com/article/specials/5-indians-among-wef-s-100-global-leaders-of-tomorrow-100110501001_1.html |archive-date=2025-01-26 |access-date=2025-01-30 |website=www.business-standard.com |language=en-US}} He was appointed by the Indian government to represent the country at the Indo-Spain CEOs Forum in 2017.{{Cite web |title=Welcome to Embassy of India, Madrid, Spain |url=https://www.eoimadrid.gov.in/commercial-relations.php#:~:text=Under%20the%20framework%20of%20the,in%20Madrid%20in%20May%202017. |archive-url=http://web.archive.org/web/20241113015855/https://www.eoimadrid.gov.in/commercial-relations.php |archive-date=2024-11-13 |access-date=2025-01-30 |website=www.eoimadrid.gov.in}} He was named the ‘Best CEO-Auto & Auto Ancillaries’ by Business Today for the period 2019-2020.{{Citation needed|date=January 2025}}
References
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Category:University of Pennsylvania alumni
Category:Businesspeople from Delhi