Escorts Kubota Limited

Is Escorts Kubota publicly traded?

Yes. It trades on India's National Stock Exchange and Bombay Stock Exchange under the symbol ESCORTS, though Kubota Corporation's 54.07 percent stake leaves only a minority free float.

Who owns Escorts Kubota?

Kubota Corporation of Japan is the controlling shareholder at 54.07 percent. The founding Nanda family retains management roles and promoter stakes, and institutions and the public hold the rest.

What brands does Escorts Kubota own?

It sells tractors under the Kubota, Farmtrac, and Powertrac brands and construction equipment under the Escorts name.

When was Escorts founded?

Escorts was founded in 1944 by brothers H.P. Nanda and Yudi Nanda as Escorts Agents. It became Escorts Kubota after the Japanese company's investments made it majority owner.

What is Escorts Kubota's market position?

It is India's fourth-largest tractor maker, selling a record 133,670 tractors in FY2025-26, and it exports its brands to more than 70 countries.

Where are Escorts Kubota tractors made?

Tractors are manufactured at the company's main plant in Faridabad, Haryana, India, with a new greenfield facility under construction at Jewar, Uttar Pradesh.

Escorts was founded in 1944 by brothers H.P. Nanda and Yudi Nanda as Escorts Agents Limited, initially a trading and agency business. It moved into manufacturing in the 1950s and entered tractor production in 1961, building machines under license and eventually under its own name as India's farm mechanization accelerated.

Through the 1970s to 1990s Escorts grew into one of India's largest tractor makers, diversifying into construction equipment, railway components, and auto products. A key era was the mid-1990s joint venture with Ford New Holland, which produced Ford-branded tractors for India and export until it wound down at the end of the decade, prompting Escorts to create the Farmtrac brand to carry its tractors into international markets.

The Kubota relationship began as a strategic partnership in 2019 when the Japanese company took an initial equity stake and the firms set up joint ventures in agricultural machinery. The relationship deepened steadily: Kubota raised its holding through preferential allotments and open offers, Escorts was renamed Escorts Kubota Limited, and in August 2024 the Indian JVs Kubota Agricultural Machinery India and Escorts Kubota India were amalgamated into EKL, taking Kubota's stake to 54.07 percent and making it the controlling shareholder.

The recent record shows the strategy working. EKL posted its highest-ever figures in FY2025-26: record tractor volumes of 133,670 units, consolidated revenue from continuing operations of INR 11,540.3 crore up 12.7 percent, and EBITDA up sharply. In June 2025 it completed the divestiture of its railway equipment division to sharpen focus, and in 2025-26 it launched more than 40 products across the Kubota, Farmtrac, and Powertrac brands while announcing a INR 2,000 crore greenfield plant at Jewar, Uttar Pradesh, targeting a top-three position in India by 2030.

As a tractor maker Escorts Kubota's sustainability profile centers on farm mechanization's role in food security and rural productivity rather than on consumer-facing credentials. The company publishes BRSR-aligned ESG reporting under Indian requirements covering emissions, safety, and community programs.

On the product side it has invested in fuel efficiency and, at the group level, Kubota's broader alternative-power roadmap including electric and hydrogen tractor concepts, though EKL's own lineup remains conventional diesel. Its social contribution is structural: mechanization for India's smallholder-dominated agriculture is its core business purpose.