Escorts announces strategic organisational changes

27 Aug 2021 CW Team

Escorts, an Indian firm manufacturing agricultural tractors and construction equipment, has announced a leadership transition, comprising the elevation of Bharat Madan as President Finance, Group Chief Financial Officer and Corporate Head.

Presently, Madan is the Group Chief Financial Officer and Corporate Head.

In a regulatory filing, Escorts Ltd said that under the strategic organisational changes, which would stand effective from April 1, 2022, Shenu Agarwal would be promoted as President of Agri Machinery & Construction Equipment Business.

Currently, he works as Escorts Agri Machinery CEO.

Additionally, Ajay Mandahr will be moving to the position of Chief Executive Officer Agri-Business India. Presently, he is the CEO of Escorts Construction Equipment.

Shailendra Agarwal would continue in the Executive Director's role and perform a more strategic role in the business growth.

To guarantee a seamless transition and continuity, the transition process will commence from now, and the new structure and teams will completely be in place from April 1, 2022, the filing said.

The key organisational changes for strategic alignment and with a medium to long term view, with redefined roles and responsibilities, have begun following discussions with the Nomination and Remuneration Committee (NRC) of the company board.

Image Source

Also read: Connectivity is key between automation & electro mobility: Volvo MD

Infrastructure Transport

07 Apr 2026

Tunnelling Begins for Thane, Borivali twin tunnel project

Tunnelling work has commenced for the 11.84-km Thane–Borivali Twin Tunnel, set to be India’s longest urban road tunnel, marking a key milestone in Mumbai’s infrastructure development.As per a post shared by Mumbai Metropolitan Region Development Authority on social media platform X, the tunnel boring machine (TBM) ‘Nayak’—the country’s largest single-shield hard rock TBM for an urban tunnel—was launched by Devendra Fadnavis on Tuesday. The event was attended by Eknath Shinde and Sunetra Pawar, among other dignitaries. A second TBM, ‘Arjuna’, is expected to be launched so..

Large Format Store Planned At M G Road Metro Station

M G Road station in Bengaluru is set to host the city’s first large-format commercial and experience space, with planning led by Bangalore Metro Rail Corporation Limited. BMRCL has invited proposals to develop and operate a central business district destination at the Purple?Pink Line interchange. The plan positions the station as a commercial hub designed to serve a broad commuter base across the city. The proposal is part of a broader effort to activate transit nodes commercially. Tender documents set a minimum monthly rental of Rs 0.944 million (mn), inclusive of GST, for the large-format..

Government Cancels Auction Of Eleven Critical Mineral Blocks

The government has cancelled the auction of 11 critical and strategic mineral blocks after receiving a poor investor response and failing to attract a sufficient number of qualified bidders. The decision represents a setback to plans to ramp up domestic exploration and production of critical minerals amid global supply chain disruptions and rising demand for materials used in clean energy and advanced technologies. The mines ministry issued an annulment notice setting out the reasons for the cancellations. The annulment notice indicated that the auction process for five mineral blocks was canc..