Escorts Kubota: ownership, businesses and key people

Who owns Escorts Kubota, and what does it do in agriculture?

Japan's Kubota Corporation, a joint promoter, owned 54.07% of Escorts Kubota Limited at 31 March 2026 and is its holding company; the shares are listed on BSE and the National Stock Exchange of India, and Nikhil Nanda is Chairman and Managing Director. In agriculture it makes Farmtrac, Powertrac and Kubota tractors, harvesters, rice transplanters, implements and engines, and sells spare parts, which together form its Agri Machinery Products segment. That segment had revenue of ₹9,779.6 crore in 2025-26, 85% of standalone revenue from operations, and the company sold 1,33,670 tractors.

Ownership and business

Escorts Kubota Limited, incorporated on 17 October 1944, has its registered office at 15/5 Mathura Road, Faridabad, Haryana, and is listed on BSE (500495) and the National Stock Exchange of India (ESCORTS). Kubota Corporation of Japan, a joint promoter, held 54.07% at 31 March 2026 and is its holding company. Other promoter holdings listed include Har Parshad and Company Private Limited (9.59%) and Chairman and Managing Director Nikhil Nanda (1.08%). Escorts Limited took the Escorts Kubota name in 2022, and Escorts Kubota India Private Limited and Kubota Agricultural Machinery India Private Limited were amalgamated into it from 1 April 2023 under a scheme approved by the NCLT in 2024.

The Agri Machinery Products segment, covering tractors, agri solutions, engines and spare parts, had revenue of ₹9,779.6 crore, 85% of standalone revenue from operations of ₹11,472.8 crore in 2025-26; construction equipment made up the rest. The company sold 1,33,670 tractors and puts its domestic market share at about 10.9%. Its railway equipment division was transferred to Sona Comstar on 1 June 2025.

It has seven plants in India, five of them in Faridabad, and a tractor plant in Poland through Farmtrac Tractors Europe. No UK subsidiary is listed; its 2025-26 accounts show sales of goods of ₹28.55 crore to Kubota (U.K.) Limited, a fellow Kubota subsidiary.

Businesses and brands

Tractors (domestic and export)

Farmtrac
Powertrac

Tractors (within the Powertrac brand)

Digitrac
Steeltrac

Tractors and half-feed combine harvesters; construction equipment

Kubota

Tractors (export)

E-Kubota

Agri solutions

Farmpower

Engines

Kubota Engines

Construction equipment

Escorts

Tractor manufacturing, Poland

Farmtrac Tractors Europe

Captive finance for the company's customers

Escorts Kubota Finance

As published by the company. See sources.

Key people

Nikhil NandaChairman & Managing Director
Akira KatoDeputy Managing Director
Bharat MadanWhole-time Director and Chief Financial Officer
Nitasha NandaWhole-time Director
Manish SharmaPresident, Agri Business
Neeraj MehraChief Officer, Tractor Business Division (Farmtrac & Powertrac Brand)
Rajan ChughChief Officer, Tractor Business Division (Kubota Brand); Chief Officer, Agri Solutions Business Division
Yuki AmanoChief Officer, Tractor Business Division (Exports)
Dhiraj TiwaryChief Officer, Service & Spare Parts Business Division
Sanjeev BajajChief Officer, Construction Equipment Business Division
Kohei KawabeChief Officer, Engine Business Division
Hisashi TsukataniChief Officer, Research & Development Division

As listed on Escorts Kubota: Board of Directors and Leadership Team (accessed 17 October 2026).

Stock listing

Status: Publicly listed
Exchange: BSE Limited; National Stock Exchange of India
Ticker: ESCORTS (NSE); 500495 (BSE)

We do not republish share prices. See the current quote on the company’s own page.

Where it operates

India: 1,26,994 tractors sold in the domestic market, about 10.9% market share, 2025-26
Exports: 6,676 tractors in 2025-26, about 60% of them through Kubota's channel; exports were 5.54% of standalone turnover

As the company reports it. See sources.

Key dates

1944: Yudi Nanda and H. P. Nanda found Escorts; the company is incorporated on 17 October
1962: Starts making its own brand of tractors in collaboration with URSUS of Poland
1969: Forms a joint venture with Ford Motors to make tractors
1995: Launches the Farmtrac tractor brand, ends the Ford joint venture and lists on the National Stock Exchange
1998: Introduces the Powertrac tractor brand
2020: Kubota takes a 10% stake (post capital reduction) and Escorts takes 40% of Kubota's India business
2022: Escorts Limited becomes Escorts Kubota Limited
2025: Completes the transfer of its railway equipment division to Sona Comstar (1 June)

Questions readers ask

Who owns Escorts Kubota?

Kubota Corporation of Japan, a joint promoter, held 54.07% of Escorts Kubota Limited at 31 March 2026 and is its holding company. Other promoter holdings listed in the annual report include Har Parshad and Company Private Limited (9.59%) and Chairman and Managing Director Nikhil Nanda (1.08%). The shares are listed on BSE and the National Stock Exchange of India.

What does Escorts Kubota make for farmers?

Tractors under the Farmtrac, Powertrac (including Digitrac and Steeltrac) and Kubota brands, with E-Kubota for exports; harvesters, rice transplanters and implements, including under the Farmpower name; Kubota engines; and spare parts and lubricants. It also makes construction equipment such as pick-and-carry cranes, backhoe loaders, mini excavators and compactors.

Does Escorts Kubota operate in India?

Yes. It is based in Faridabad, Haryana, has seven plants in India and a dealer network of more than 1,600 across 28 states and 8 union territories. It sold 1,26,994 tractors in India in 2025-26. In its Integrated Annual Report 2025-26 (June 2026) it said it plans to invest about ₹3,000 to ₹3,500 crore over four to five years to expand capacity, anchored by a proposed 154-acre greenfield plant in Uttar Pradesh.

Does Escorts Kubota operate in the United Kingdom?

Escorts Kubota does not list a UK subsidiary. Its 2025-26 related-party disclosures show sales of goods worth ₹28.55 crore to Kubota (U.K.) Limited, a fellow subsidiary in the Kubota group.

Sources and context

Figures are taken from the documents listed below and carry the date they refer to. Profile last checked 17 October 2026.

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