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Essar Group [2] is an Indian multinational conglomerate company, founded by Shashi Ruia and Ravi Ruia in 1969. The company, known as Essar Global Fund Limited (EGFL), owns a variety of assets in the core sectors of energy (oil refining, oil and gas exploration and production, power), infrastructure & logistics (ports, projects), metals & mining ...
The two brothers, Shashi and Ravi, jointly founded Essar Global Fund Limited (EGFL) as a diversified global private fund exclusively managed by its investment manager, Essar Capital Limited.
Dec 18, 2023 · When was Essar founded? The Essar Group was established by Shashi Ruia and Ravi Ruia in 1969, in South India.
- Staff Writer
- Male
- 1943 (80 years)
- Shashi and Ravi Ruia
Shashi Ruia and Ravi Ruia, commonly referred to as the Ruia Brothers, are Indian billionaires, and the owners of Essar Group, founded in 1969. In 2012, Forbes named the Ruia brothers as the world's richest Indians with a net worth of US$7 billion.
Jun 17, 2024 · First generation entrepreneurs Shashi and Ravi Ruia founded Essar group in 1969 when it bagged a Rs 2.5 crore order from the Madras Port Trust for the construction of an outer breakwater in the port. In the early years, Essar focused on the construction and engineering sector.
Essar Group is an Indian multinational conglomerate and construction company, founded by Shashi Ruia and Ravi Ruia in 1969. As Essar Global Fund Limited (EGFL), the company controls a number...
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Jul 21, 2007 · Essar Group was founded by the Ruia family. The Ruia family originally belongs to Rajasthan. In the 19th century, the family moved to Mumbai for business and trading purposes. In 1956, Nand Kishore Ruia, the group founder, moved south to Chennai to begin independent business activities and thus the foundations of Essar Group were laid.
