Shashi Ruia, the co-founder of the Essar Group, has passed away at the age of 81. Known for transforming Essar into a global business empire, Ruia played a pivotal role in India’s industrial development.
Founded in 1969 with his brother Ravi Ruia, Essar expanded into steel, oil, gas, power, and infrastructure, becoming a $15 billion conglomerate. The group gained fame for its ambitious projects, including the Essar Steel plant and Vadinar oil refinery. Ruia’s visionary leadership leaves a lasting legacy in India’s corporate landscape.