Shashikant Ruia, Essar Group Co-Founder, Passes Away At 81

Shashikant Ruia, Essar Group Co-Founder, Passes Away At 81


India

-Oneindia Staff

Google Oneindia News

Shashikant
Ruia,
the
co-founder
of
the
Essar
Group,
has
passed
away
at
81
years
old
after
battling
a
prolonged
illness.
He
breathed
his
last
in
Mumbai
on
November
25,
just
before
midnight.
Ruia’s
demise
leaves
behind
his
wife
Manju,
along
with
their
two
sons,
Prashant
Anshuman.
His
journey
back
from
the
United
States,
where
he
sought
medical
treatment,
concluded
roughly
a
month
prior
to
his
passing.

Starting
in
1965,
under
his
father
Nand
Kishore
Ruia’s
mentorship,
Ruia
embarked
on
a
journey
that
would
establish
him
as
a
pioneering
industrialist
of
his
time.
By
1969,
alongside
his
brother
Ravi,
Shashikant
Ruia
laid
the
foundational
stone
of
what
would
grow
into
a
diversified
conglomerate.
Their
initial
project
involved
constructing
an
outer
breakwater
at
Chennai
Port,
setting
the
stage
for
the
Essar
Group’s
expansion
into
sectors
such
as
steel,
oil
refining,
exploration,
telecom,
power,
and
construction.

The
Ruia
family
announced
that
his
mortal
remains
would
be
placed
at
Ruia
House
for
visitors
from
1
pm
to
3
pm
on
Tuesday.
Following
this,
a
funeral
procession
is
scheduled
to
depart
from
Ruia
House
at
4
pm,
heading
towards
the
Hindu
Worli
Crematorium.
Shashikant
Ruia’s
legacy
as
a
first-generation
entrepreneur,
who
alongside
his
brother
Ravi,
propelled
Essar
into
a
global
business
powerhouse,
will
be
remembered
by
many.

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.

With an unwavering commitment to community upliftment and philanthropy, he touched millions of lives leaving an enduring impact. His humility,… pic.twitter.com/g2RvI4MEST

— Essar (@Essar) November 26, 2024“>





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