Escorts Limited
Escorts Limited is one of India’s leading engineering companies. It is a partner of choice for farming and construction equipment in the country. Its headquarters are located in Faridabad, Haryana. The company was launched in 1944 and has marketing operations in more than 40 countries. For seven decades, Escorts has helped accelerate India’s socio-economic growth through its presence across high-growth sectors of agri-machinery, construction and material handling equipment and railway equipment. Powered by an in-house research and development centre and collaborations with global technology leaders, Escorts is committed to contributing towards India’s growth story and bringing in quality change in the lives of people.
Escorts’ vision is to be among the top engineering companies in India. They shall achieve this goal by being the preferred solution provider to the needs of customers, by practicing respectful and ethical business practices.
CSR initiatives were focused around the following areas: Community Health, Women Empowerment, Social Welfare / Eco-Responsiveness, Employee Engagement, National/International Contingencies. For Escorts social empowerment is not an option, but a business imperative. It encompasses business objectives, our responsibility to the society and eco-sphere and also, efforts to enrich the lives of our workforce.
Covid-19 Response
Ministry of Home Affairs has recently passed a directive for retail and service/ parts of agrimachinery to remain exempt from the lockdown. This has been done so that company can continue to serve the farmers of the nation; so farmers in turn can ensure uninterrupted food supply.
The Escorts Construction Equipment division is extending warranty by 2 months on all machines whose warranty and free service was due to expire between March 15th – April 15th 2020. This is absolutely free of cost.
Their shareholding pattern consists of Promoters and Promoter Group having 36.59% of shares, Public having 34.40% shares, following by FII’s having 21.28% shares and DII’s with 5.76% shares and Non Promoter-Non Public having 2.10%.
