- Shashi Ruia, co-founder and chairperson of Essar Group, passed away at 81, leaving behind a legacy of global business expansion.
- Essar grew from a construction firm in 1969 to a global conglomerate in steel, oil, mining, and telecom under his leadership.
- Recent years saw Essar focus on sustainability with major investments in green steel, decarbonization, and green ammonia projects.
Shashi Ruia, co-founder and chairperson of Essar Group, passed away on November 25 at the age of 81. Alongside his brother Ravi, Ruia founded Essar in 1969, starting as a construction company and transforming it into a global conglomerate with businesses in steel, oil, mining, and telecommunications.
In the 2000s, Essar diversified further into power, shipping, and mining. More recently, the group focused on sustainability, committing billions to green projects, including decarbonizing its UK refinery and building a green steel plant in Saudi Arabia.
Ruia’s passing marks the end of an era for one of India’s leading industrialists. Essar Group paid tribute to his vision and contributions to India’s industrial growth.
