Escorts Kubota Limited (EKL) stands at the forefront of India’s industrial transformation, blending eight decades of legacy with the precision, innovation, and global standards of Kubota Corporation. As a premier engineering conglomerate, EKL delivers integrated solutions across the agriculture and construction equipment sectors.
Company Profile:
In FY 2024–25, the company deepened its identity as a unified entity post the successful merger of Escorts Kubota India Private Limited and Kubota Agricultural Machinery India Private Limited. This strategic consolidation has led to the creation of a single, powerful organisation operating under the philosophy of “One EKL”. With a renewed vision, EKL continues to lead with technological excellence, operational agility, and a purpose-driven approach to value creation.
EKL is committed to sustainable practices, strategic investments in research and development, and providing cutting-edge solutions that improve productivity and profitability for farmers, builders, and communities across India and beyond. The company’s operations are now streamlined for agility, innovation, and expansion, positioning EKL as a global hub within the Kubota Group ecosystem.
Business Segments and Revenue Breakup
Escorts Kubota Limited operates three primary business segments:
1. Agri Machinery
- FY 2024–25 Revenue: ₹8,447.2 crores
- Contribution to Total Revenue: 76.1%
- Operations: Includes manufacturing of tractors, engines, agri solutions, spare parts, and implements
- Brands: Farmtrac, Powertrac, Steeltrac, Farmpower, Kubota
2. Construction Equipment
- FY 2024–25 Revenue: ₹1,730.1 crores
- Contribution to Total Revenue: 15.6%
- Operations: Covers material handling, earthmoving, and road-building equipment such as cranes, compactors, backhoe loaders, and mini excavators
3. Railway Equipment Division (Discontinued Operations)
- FY 2024–25 Revenue: ₹912.8 crores
- Contribution to Total Revenue: 8.2%
- The division was divested during the year to streamline core operations
Product and Services Portfolio
Agri Machinery Products
- Tractors: Multiple ranges under Farmtrac, Powertrac, Kubota and Steeltrac
- Engines: Co-branded diesel engines supplied to OEMs
- Agri Solutions:
- Implements: Rotavators, Straw Reapers, Super Seeders, MB Ploughs
- Post-harvest equipment: Paddy Harvesters, Transplanters, Balers
- Precision equipment for rice farming
- Service & Spare Parts:
- Warehousing and logistics
- Maintenance services
- Diesel filters, hydraulic pumps, lubricants
Construction Equipment
- Product Portfolio:
- Backhoe Loaders (e.g., BLX 75)
- Mini Excavators (U Series, KX Series)
- Hydra Cranes (Hydra 15 & 12)
- Tandem Rollers (HD85 Plus)
- Soil Compactors (EC5250 Plus)
- Applications: Urban development, mining, road construction, logistics
Company History: Legacy of Innovation
- 1944: Founded by Mr. H. P. Nanda and Mr. Yudi Nanda
- 1961-62: Started tractor production in collaboration with URSUS Poland; entered Indian Railways market
- 1971: Launched construction equipment; PnC cranes introduced
- 1995: Launch of the Farmtrac brand
- 1998: Introduction of Powertrac
- 2019-20: Strategic alliance with Kubota Corporation; first autonomous tractor
- 2022: Company renamed to Escorts Kubota Limited
- 2025: Merger with Kubota Agricultural Machinery India Pvt. Ltd. and Escorts Kubota India Pvt. Ltd. completed
Brand Portfolio and Revenue Contribution
- Farmtrac: Medium to premium segment tractors; Promaxx and Worldmaxx series
- Powertrac: Affordable tractors with high utility; Digitrac and Euro series
- Kubota: Japanese technology-driven, premium tractors
- Steeltrac: Niche segment, specialty tractors
- Farmpower: Supporting agri solutions and implements
- Revenue Contribution: Agri brands account for over 75% of total revenue
Geographical Presence and Revenue Distribution
- India: Core market across all segments
- International Markets: France, Poland, Mexico, Turkiye, Middle East, Africa
- Export Units FY 2024-25:
- Compact tractors: 4,991 units exported
- France and Poland leading destinations
- Estimated Export Revenue Contribution: ~10-12% of total revenue
Consolidated Financial Statements (FY 2024-25)
Consolidated Profit & Loss Account
| Particulars | Amount (₹ Crores) |
|---|---|
| Total Income | 11,558.5 |
| PBT (Before Exceptional Items) | 1,555.3 |
| Net Profit | 1,250.9 |
| Earnings Per Share (Basic) | 113.77 |
Consolidated Balance Sheet (Key Extracts)
| Particulars | Amount (₹ Crores) |
|---|---|
| Total Assets | 14,168.6 |
| Net Worth | 10,195.0 |
| Total Liabilities | 3,973.6 |
Consolidated Cash Flow Summary
| Particulars | Amount (₹ Crores) |
|---|---|
| Net Cash from Operating Activities | 1,696.7 |
| Net Cash used in Investing Activities | (1,387.2) |
| Net Cash from Financing Activities | (67.5) |
| Net Increase in Cash | 242.0 |
Subsidiaries, Wholly-Owned Subsidiaries, and Associates
List of Subsidiaries:
- Escorts Kubota Finance Limited (EKFL)
- Captive NBFC to support customer financing
- 100% wholly-owned
- Farmtrac Tractors Europe Sp. z o.o. (Poland)
- 100% owned
- Produces tractors for European markets
Associates:
- Kubota Agricultural Machinery India Pvt. Ltd. (Merged in 2025)
- Escorts Kubota India Pvt. Ltd. (Merged in 2025)
Revenue from Subsidiaries and Associates: Over ₹1,000 crores in FY 2024-25
Physical Infrastructure and Properties
- 8 Total Facilities including R&D and Corporate Office
- Tractor Production Capacity: 1,70,000 units/year
- Construction Equipment Capacity: 10,000 units/year
- Key Locations:
- Faridabad (Haryana): Manufacturing, R&D, Corporate HQ
- Bengaluru & Kurukshetra: EKAFI training centres
- Poland: European manufacturing base
Founders
- Mr. H. P. Nanda: Pioneer of mechanised farming in India
- Mr. Yudi Nanda: Co-founder and business visionary
Board of Directors (As of FY 2024-25)
- Mr. Nikhil Nanda – Chairman & Managing Director
- Mr. Koji Ikeda – Deputy Managing Director
- Mr. Bharat Madan – Whole-Time Director & CFO
- Independent and Non-Executive Directors from Kubota and Indian industry
Shareholding Pattern (as of March 31, 2025)
- Promoters (Kubota Corporation & affiliates): ~55%
- Public Shareholding: ~45%
- Market Capitalisation: ₹36,300 crores
Parent Company
- Kubota Corporation (Japan)
- Holds majority stake
- Strategic and operational partner
Investment and Passive Stakes
- Strategic investments in:
- R&D innovation labs
- IT shared services for Kubota Group
- Infrastructure for expanded product lines (e.g., Promaxx series)
Future Investment Plans
- Mid-Term Business Plan (MTBP) 2028
- Aim: Become Kubota’s global hub
- Focus: Diversification, innovation, expansion
- Planned Capex: Significant investment in technology, electrification, and smart farming tools
What are the main business segments of Escorts Kubota Limited?
Escorts Kubota Limited operates in three main segments: Agri Machinery (76.1% revenue share), Construction Equipment (15.6%), and the now-divested Railway Equipment Division (8.2%).
Related Posts
Which brands are owned by Escorts Kubota Limited?
Escorts Kubota owns and markets the brands Farmtrac, Powertrac, Kubota, Steeltrac, and Farmpower, each catering to different segments of the agricultural and construction machinery market.
What is the financial performance of Escorts Kubota in FY 2024-25?
In FY 2024–25, Escorts Kubota Limited reported ₹11,558.5 crores in total income, ₹1,250.9 crores in net profit, and an EPS of ₹113.77.
Who are the founders of Escorts Kubota Limited?
The company was founded in 1944 by Mr. H. P. Nanda and Mr. Yudi Nanda, pioneers in bringing mechanised farming to India.
Who owns Escorts Kubota Limited?
Escorts Kubota Limited is majority owned by Kubota Corporation of Japan, which holds approximately 55% of the equity.
What are the future plans of Escorts Kubota Limited?
Escorts Kubota aims to become Kubota’s global hub through its Mid-Term Business Plan 2028, focusing on innovation, electrification, product diversification, and smart agriculture solutions.
Where are Escorts Kubota’s manufacturing facilities located?
The company has major manufacturing and R&D facilities in Faridabad (India), training centers in Bengaluru and Kurukshetra, and a European production base in Poland.
What is the export footprint of Escorts Kubota Limited?
Escorts Kubota exports to France, Poland, Mexico, Turkiye, the Middle East, and Africa, with export revenue contributing approximately 10–12% to total revenue in FY 2024–25.
