Shashi Ruia started his career under the guidance of his father and went on to establish the Essar Group as a global conglomerate. He was an iconic figure in the Indian business world, having been involved in various influential organizations such as FICCI and the PM's Indo-US CEO's Forum. His contributions to the corporate landscape will be remembered and honored by many.
Background
Essar Group is a multinational conglomerate headquartered in Mumbai, India. Founded in 1969 by Shashi Ruia and Ravikant Ruia, the group has grown into a diversified enterprise with operations in various industries such as energy, steel, logistics, infrastructure, and technology.
Under the stewardship of Shashi Ruia, Essar Group expanded its global footprint and became a leading industrial player. Ruia was an influential figure in Indian business circles, serving as the President of the Federation of Indian Chambers of Commerce and Industry (FICCI) and a member of the Prime Minister's Indo-US CEO's Forum.
Current Status
Today, Essar Group is a major contributor to the Indian economy, employing over 100,000 people worldwide. The group's operations span across multiple continents, with a presence in countries such as India, the United Kingdom, the United States, Canada, and China.
Essar's energy business includes oil and gas exploration and production, refining, and power generation. Its steel division produces high-quality steel products for various sectors, including construction, automotive, and infrastructure. The group also has a significant presence in logistics, operating ports, terminals, and shipping companies.
Leadership
After Shashi Ruia's passing in 2022, his younger brother, Ravi Ruia, took over as the Group's Chairman. Ravi Ruia has been involved in the Essar Group since its inception and has held various leadership positions within the organization. He has a strong track record in managing large-scale projects and driving growth.
Top 5 FAQs and Answers
1. Who founded Essar Group? Answer: Shashi Ruia and Ravikant Ruia
2. When was Essar Group founded? Answer: 1969
3. What are the primary industries in which Essar Group operates? Answer: Energy, steel, logistics, infrastructure, and technology
4. Who is the current Chairman of Essar Group? Answer: Ravi Ruia
5. What is Essar Group's annual revenue? Answer: Approximately $12 billion (as of 2022)
Conclusion
Essar Group, under the leadership of Shashi Ruia and now Ravi Ruia, has made a significant contribution to India's industrial growth and economic development. The group's diversified portfolio, global presence, and commitment to innovation position it well for continued success in the years to come.
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