The Indian business community mourns the passing of Shashikant Ruia, co-founder of the Essar Group, who passed away at the age of 81. A towering figure in the corporate world, Ruia's contributions reshaped India's industrial landscape, leaving behind a legacy of visionary leadership and entrepreneurial excellence.

A Visionary Behind Essar Group

Shashikant Ruia, alongside his younger brother Ravi Ruia, co-founded the Essar Group in 1969. Under their leadership, Essar grew from a construction company into one of India’s largest conglomerates, with interests spanning steel, energy, infrastructure, telecom, and shipping. Ruia's strategic foresight and business acumen played a pivotal role in the group's expansion into international markets, making Essar a global powerhouse.

Legacy in the Corporate Sector

Ruia’s journey exemplified resilience and innovation. From building India’s first private steel plant to venturing into oil refining and telecom, he redefined the capabilities of Indian enterprises on the global stage. His commitment to sustainable growth and infrastructure development has left an indelible mark on the corporate ecosystem.

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A Life of Milestones

Under Shashikant Ruia's guidance, the Essar Group achieved several milestones, including:

• Establishing Essar Steel, one of the world's most efficient steel producers.
• Transforming Essar Oil into a leading private refinery in India.
• Expanding operations globally, with investments in the US, Canada, and Africa.

End of an Era

Ruia’s death marks the end of an era for Essar and the Indian business community. Tributes are pouring in from across the globe, honoring his contributions to India's economic development. The Essar Group, now led by the next generation, carries forward his vision of growth and innovation.

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