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.
Shashi Ruia, co-founder of the multinational conglomerate, Essar Group, has passed away at the age of 80. In light of this tragedy, the company has appointed Manu Kapoor as its new group chief, effective immediately. The news has garnered international attention, with even the Prime Minister of Israel expressing his condolences. The group has also announced its plans to create the world's first decarbonized refinery in the UK, showcasing its commitment to sustainability and innovation.
Shashi Ruia, the co-founder of Essar Group, passed away at the age of 81, leaving behind a diverse portfolio of assets worth $14 billion. Ruia, who began his career in 1965 under the mentorship of his father, played a crucial role in shaping Essar's growth and diversification. He was also actively involved in various national bodies and industry associations. The funeral procession will depart from Ruia House at 4 pm on Tuesday, as Essar Group and the business community mourn the loss of a visionary leader.
Shashikant Ruia, Chairman of Essar Group, passed away at the age of 81, leaving behind a legacy of unparalleled contributions to the business world. Under his visionary leadership, Essar group diversified and grew into a global conglomerate, generating revenues of US $14 billion. Ruia's commitment to community upliftment and philanthropy also left a lasting impact on millions of lives. His demise has left a void in the business world that will be hard to fill.
Shashikant Ruia, one of the founders of the Essar Group, passed away at the age of 81 after battling an illness. Along with his brother Ravi, he successfully built the Essar Group into a global business empire in various industries. The funeral procession will be held on Tuesday towards the Hindu Worli Crematorium. Ruia's passing marks the end of an era for the first-generation entrepreneur and industrialist.