How teenager Shashi Ruia rejected study abroad offer, built an empire across 35 nations over five decades
Essar Group, Shashi Ruia, passed away at the age of 81, leaving behind a legacy of transformative leadership and innovation. The Ruia family, in a statement, said, “It is with profound grief that we inform of the passing of Shri Shashikant Ruia, Patriarch of the Ruia and Essar Family. He was 81.”
Shashi Ruia was known for his humility and philanthropy. The family added, “His humility, warmth, and ability to connect with everyone he met made him a truly exceptional leader. Shri Shashikant Ruia’s extraordinary legacy will remain a guiding light for all of us.”
«With an unwavering commitment to community upliftment and philanthropy, he touched millions of lives leaving an enduring impact,» said Ravi Ruia, Shashi's brother with whom he founded Essar Group, and family members.
Shashikant Ruia's extraordinary legacy will remain a guiding light for all of us, as we honour his vision and continue to uphold the values, he cherished and championed, official statement of the family on Ruia's demise said.
From Humble Beginnings to Global Conglomerate
In 1969, Shashi and his younger brother, Ravi Ruia, founded the Essar Group with an initial order worth ₹2.5 crore from the Madras Port Trust for constructing an outer breakwater. The company began as a construction and engineering firm, delivering critical infrastructure projects such as bridges, dams, and power plants.
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