'Marwari' school of business keeps 3 generations of Ruia family under one roof
Essar's Ruia family seems to be an exception. Three generations of the Ruia family — founder brother Shashi and Ravi Ruia, their children and grandchildren — continue to live under one roof and jointly run the business empire.
They share the family homes in Mumbai, Delhi and London as well as business that now spans energy, metals and mining, infrastructure and logistics and technology and retail.
Empower Your Corporate Journey with Strategic Skill Courses
Offering CollegeCourseWebsiteUniversity of Western AustraliaUWA Global MBAVisitIIM LucknowChief Executive Officer ProgrammeVisitIIM LucknowChief Operations Officer ProgrammeVisitPrashant Ruia, son of Shahi Ruia and director of Essar Capital, which manages the group's portfolio of investments, considers himself fortunate to be surrounded by support system of his family, where members cherish the strong bonds transcending generations.
<div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mode=«thumbnails-mid» style=«min-height:400px; margin-bottom:12px;» class=«wdt-taboola» id=«taboola-mid-article-thumbnails-111055532»>
In an interview to PTI, Ruia said he is of firm belief that maintaining strong family relations require careful alignment of goals and ensuring each family member has space to express themselves and thrive.
«If the goals are aligned and people are given space to express themselves, it is possible (for families to stick together). I am surprised that the tradition is coming down so fast. We have maintained it, and it has been a tremendous experience...having that support system at home, while travelling, at work, of course… is quite good and we are very happy,» he said.
First generation entrepreneurs Shashi and Ravi Ruia founded
