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Shashi Ruia Death News: Essar Group co-founder Shashi Ruia passed away on 25 November at the age of 80. Shashi, who founded the Essar Group with his brother Ravi Ruia in 1969, is counted among the biggest businessmen of India.
Shashi Ruia Death News
Shashi Ruia Death: Essar Group co-founder and eminent face of Indian industry Shashi Ruia passed away on 25 November at the age of 80 (Shashi Ruia Death). The news of his death has spread a wave of mourning in the business world. In its official statement, the Essar Group has expressed condolences to his family, remembering the contribution of Shashi Ruia (Shashi Ruia Death).
Beginning of business life (Shashi Ruia Death)
Shashi Ruia (Shashi Ruia Death) was born into a prosperous business family. He started the business in 1965 under the guidance of his father Nand Kishore Ruia. After this, in 1969, he laid the foundation of Essar Group along with his brother Ravi Ruia. This group has later made its strong mark in sectors like steel, energy, oil and gas, ports, infrastructure, and telecom.
International recognition
Shashi Ruia’s (Shashi Ruia Death) strategic thinking and leadership ability played an important role in establishing Essar Group at the international level. He contributed significantly to expanding the business outside India and making it internationally competitive. Under his leadership, Essar Group registered its presence not only in India but also in America, Canada, Europe, Africa, and Asia.
Shashi Ruia’s leadership and contribution
Shashi Ruia (Shashi Ruia Death) was known as a visionary and bold leader. He was an inspiration in the Indian industry. Through his expertise and experience, he overcame many difficulties in Essar and transformed it into a multi-billion dollar company.
Ruia was on the managing committee of the Federation of Indian Chambers of Commerce and Industry (FICCI) and also served as the chairman of the Indo-US Joint Business Council. Apart from this, he was also the president of the Indian National Shipowners Association and a member of the Prime Minister India-US CEO Forum and the India-Japan Business Council.
Shashi Ruia’s personal life
Shashi Ruia’s life was full of simplicity and discipline. He was sensitive towards his employees and responsible towards the society. Under his leadership, Essar not only made economic progress, but also played an important role in social development and environmental protection.
Shashi Ruia was always in favor of innovation and technological advancement. He worked to adapt Essar to future requirements by adopting modern technologies and processes in it.
Tribute and funeral
Shashi Ruia’s body will be kept at Banganga in Walkeshwar, Mumbai for prayers and tributes. The last journey will start from his residence “Ruia House” at 4 pm and reach the Hindu Worli crematorium. Leading industrialists, trade organizations, and political figures of the country have expressed deep condolences on his demise. The Prime Minister described the demise of Shashi Ruia as a great loss for the Indian industry and expressed condolences to his family.
Future of Essar Group
After the demise of Shashi Ruia, the operation of Essar Group will remain in the hands of his brother Ravi Ruia and other top leadership. His principles and methodology will remain a source of inspiration for the company.
Shashi Ruia’s impact on the Indian industry
The position that Shashi Ruia achieved in the Indian industry with his determination and business acumen is a source of inspiration for generations to come. His contribution was not limited to Essar only, but he played an important role in making India a strong and self-reliant industrial nation. His vision, leadership and dedication have set new benchmarks in Indian industry. His contributions will always be remembered for times to come.
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FAQ
1. Who is Shashi Ruia?
Shashi Ruia is one of India’s leading industrialists and the co-founder of Essar Group, which operates in sectors such as steel, energy, infrastructure, and telecommunications.
2. When and where was Shashi Ruia born?
Shashi Ruia was born in 1944 in a business family in the Indian state of Rajasthan.
3. When was Essar Group founded?
Shashi Ruia and his brother Ravi Ruia founded Essar Group in 1969.
4. Where did Shashi Ruia receive his education?
Shashi Ruia received his early education in Mumbai and then studied business management.
5. In which industries is Shashi Ruia known for his role?
Shashi Ruia is primarily known for his leading role in the sectors of steel, oil and gas, energy, and infrastructure.
6. How has Shashi Ruia’s leadership ability been recognized?
Shashi Ruia has been honoured at several international forums and is considered a role model for innovation and business expansion in the corporate world of India.
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