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Escorts Kubota Ltd
NSE: ESCORTS BSE: 500495
₹2859.80
(0.72%)
Thu, 04 Jun 2026, 07:25 am
Market Cap310.52B
PE Ratio13.15
Dividend0.99
Producer Manufacturing
Auto Parts: OEM
24.5KCompany History
1947
- Registered office shifted from Lahore to New Delhi after partition.
- Name changed from Escorts (Agents) Pvt. Ltd. to Escorts Ltd. upon conversion to public company.
1959
- Company incorporated on 21 December in Lahore.
- Capital structure reorganised; equity shares converted, preference shares issued and allotted.
1960
- Commenced manufacture of pistons at Bahadurgarh with Mahle GmbH.
- Expanded piston capacity to 10,80,000 and piston pins to 9,90,000 p.a.
1962
- Commenced commercial production of X-ray equipment, railway shock absorbers, and heating equipment with Westinghouse, Eheimmetall, and Eltra.
1965
- Entered technical collaboration with Motoimport Warszawa for tractor transmissions and gears.
- Acquired 23 acres and 55,000 sq ft built-up space at Faridabad for research.
1968
- Subscribed preference shares; issued bonus equity shares and preference shares to public.
1970
- Issued 580,608 right equity shares at premium.
1973
- Set up 100% export-oriented unit for X-ray equipment with Compagnie General de Radiologie; CGR India Ltd incorporated.
1974
- Issued 17,41,824 bonus equity shares.
1977
- Issued 31,35,283 bonus equity shares.
1978
- Secured contracts for farm implements plant, bicycle assembly plant, and raw material supply for PVC plant.
1979
- Concluded agreement with Andhra Pradesh Scooters Ltd for Rajdoot motorcycles and scooters.
- Issued 50,16,453 bonus equity shares.
1980
- Introduced Escort-345 tractor model.
1981
- Introduced Escort-355 tractor with three-cylinder 47 HP engine.
1985
- Commissioned project for 1,50,000 100cc motorcycles p.a. with Yamaha of Japan.
- Issued 20,00,000 15% non-convertible debentures as rights; allotted additional to retain excess.
1986
- Expanded shock absorbers capacity to 15 lakh numbers with Bilstein AG.
- Introduced disk brakes for Indian Railways.
- Entered technical collaboration with Mercury Marine for 24,000 outboard motors p.a.
- Established facilities for 5,000 EPABX line sets with Jeumont Schneider.
- Privately placed 15% secured redeemable debentures with Army Group Insurance Fund.
1987
- Issued 10,00,000 12.5% fully convertible debentures; converted into equity shares.
- Issued 80,26,325 bonus equity shares.
- Redeemed all preference shares.
- Allotted 62,50,000 equity shares on debenture conversion.
1988
- Issued 62,50,000 equity shares on conversion of 12.5% debentures.
1990
- Privately placed 35,00,000 14% secured redeemable non-convertible debentures with financial institutions.
1994
- Launched 3-cylinder engine tractor and 50cc moped.
1995
- Introduced Escorts 40 HP and Farmtrac 50 and 60 HP tractors.
- Merged Escorts Tractors Ltd effective 1 April; allotted shares to its shareholders.
- Allotted equity shares to promoters on warrant conversion and to Escorts Tractors Ltd shareholders.
1996
- Proposed JV with Mahle GmbH for piston manufacturing.
- Decided to form JV with COFAP of Brazil for shock absorbers.
- Decided to spin off Escorts Hospital & Research Centre.
- Allotted equity shares on conversion of warrants.
1997
- Set up tractor plant with 18,000 tractors p.a. capacity at Ranjangaon, Maharashtra.
- Entered JV with Carraro SPA of Italy to form Carraro India Ltd for tractor transmissions.
- Entered JV with Yamaha Motor Co Ltd of Japan to form Escorts Yamaha Motor Ltd.
- Entered JV with Mahle GmbH of Germany for pistons and gudgeon pins.
- Escorts Yamaha Motor Ltd launched RXZ motorcycle.
- Escorts Yamaha Motor Ltd received ISO-9001 certification.
1998
- Signed MoU with Long Manufacturing Inc.
- Escorts Yamaha Motor Ltd launched Yamaha RX-135 in Maharashtra.
- Signed MoU to acquire 49% equity in American company for $9 million.
- Escorts Yamaha Motor Ltd launched Yamalube motor oil.
- Launched Powertrac range of tractors.
1999
- Launched Farmtrac 45 tractor in US market.
- Profits fell due to 70-day labour strike.
2000
- Approved divestment of 24% equity in Escorts Yamaha Motor Ltd.
- Launched Esconet Services Limited, 100% subsidiary.
- Launched wheel type crop harvester.
- Yamaha Motor Escorts Ltd launched 100cc four-stroke motorcycle Crux.
2001
- Withdrew from Yamaha JV; Yamaha bought out Escorts' share, making Yamaha India a 100% subsidiary.
- Launched iServ India Solutions Pvt Ltd, wholly-owned subsidiary for IT infrastructure solutions.
2002
- Announced divestment of equity in Escorts JCB Ltd to J.C. Bamford UK and Escorts Claas Ltd to Claas Germany.
- Agreed to sell 60% equity in Escorts Claas Ltd for 13.2 million Euros.
- Mantosh Sondhi, Director, expired.
2003
- Jahar Sengupta, Director, expired.
- Punjab Agro Industries Corporation signed MoU for contract farming.
- Implemented Oracle e-business suite.
- Entered agreement with UCO Bank for 100% tractor financing for farmers.
2004
- Board decided to sell holdings in mobile telecom subsidiaries to Idea Cellular.
- Anil Nanda ceased as Managing Director but continued as Director and Vice Chairman.
- Tied up with Bank of Baroda and Indo Farm Tractors & Motors Ltd for agriculture lending.
- Announced tie-up with Castrol India for engine oils.
2005
- Won $8.5 million tractor order from Ghana.
- Acquired Polish joint venture partner Farmtrac Tractors Europe.
- US subsidiary teamed up with SAME Deutz-Fahr Italia.
2006
- Entered joint venture with Nitol-Niloy group to manufacture tractors in Bangladesh.
2007
- Nikhil Nanda took charge as Joint Managing Director.
- Launched email ID for investor complaints.
2009
- Signed MOU with IFFCO.
- Flagged off Jai Kisan Utsav pan-India initiative for farming community.
2010
- Launched FT-60 X-TRA Torque in Punjab and Haryana.
- Won US$40 million tractor order from Tanzania.
2011
- Signed exclusive agreement with European firm for disc brake system for railway coaches.
- Appointed S. Sridhar as CEO of Agri Machinery Group.
- Sponsored Tractor Styling and Design contest Farmtrac 2020.
- Launched high-end premium range of Farmtrac tractors in Sfax, Tunisia.
- Unveiled Jai Kisan Series tractors in Punjab, Haryana, Rajasthan, and Uttar Pradesh.
2012
- Launched New Powertrac DS-Plus Tractors in Hyderabad.
- Tied up with Amul Industries for Mini Tractors.
- Launched India's first Executive Tractor.
- Appointed Dipankar Ghosh as Head of Railway Products.
2013
- Appointed Nikhil Nanda as Managing Director.
- CIO won top Information Security Award.
- Launched Crop Solutions and signed MoU with SBI.
2014
- Launched most powerful and fuel efficient tractors in Bangladesh.
- Ranked 3rd fastest growing company in India by Business World.
- Introduced Next Generation XP Series Engine.
- Won EEPC Excellence Award for Auto Exports.
2015
- Launched India's first Anti Lift Tractor.
- Partnered with Cognizant to digitally transform businesses.
2016
- Launched new 80 and 90 HP Farmtrac Tractors in Europe and North America.
- Divested Auto Product Business.
2017
- Developed new products to make rail travel safer.
- Unveiled latest global tractor series.
- Introduced indigenously engineered Electric Tractor at Agritechnica 2017 in Hanover, Germany.
2018
- Launched new range of construction equipment at Bauma CONEXPO 2018.
- Entered JV with Tadano Group of Japan for higher capacity mobile cranes.
2019
- Showcased India's first Hybrid Concept Tractor at Esclusive 2019.
- Farmtrac unveiled Hybrid Concept Tractor at Agritechnica 2019.
2022
- Company name changed to Escorts Kubota Ltd.
- Escorts Construction Equipment unveiled India's first Hybrid Pick-n-Carry Crane and Mono Chassis Safe Crane at EXCON 2022.
- Kubota Corporation increased its stake in Escorts Limited.
2023
- Acquired Rough Terrain Crane Business and associated equipment and parts.
- Approved incorporation of wholly owned subsidiary as NBFC for product and consumer financing.
2024
- NCLT approved scheme of amalgamation between Escorts Kubota India Private Limited and Kubota Agricultural Machinery India Private Limited.