Death of a big industrialist: Essar Group co-founder Shashi Ruia passed away on November 25, 2024. He was 80 years old. Shashi Ruia's mortal remains will be kept at Ruia House on November 26 from 1 pm to 3 pm. The last procession will leave from Ruia House at 4 pm for Hindu Worli cremation ground. (Shashi Ruia dies)
Shashi, a first generation entrepreneur, started his career in 1965 under the guidance of his father Nand Kishore Ruia. In 1969, Shashi's brother Ravi Ruia founded Essar Group. The company began its operations with the construction of the Outer Breakwater at Chennai Port.
PM Modi expressed grief over his demise
Condoling Ruia's demise, Prime Minister Narendra Modi said that he was a great personality of the industry. He said that his visionary leadership and unwavering commitment to excellence transformed India's business landscape. He described his demise as extremely sad.
“He also set high standards for innovation and development,” Modi said on the eve. “He was always full of ideas and always discussing how we could make our country better.”
Ruia was also in national bodies and industry associations
Ruia was a member of many important national bodies and industry associations. He was on the managing committee of the Federation of Indian Chambers of Commerce and Industry (FICCI). He has also been the Chairman of India-America Joint Business Council. Ruia was a member of the Prime Minister's India-US CEO Forum and the India-Japan Business Council.
Essar Group's business is spread in more than 50 countries. According to the company's official website, the company's business is spread in more than 50 countries. The company operates in the sectors of energy, metals and mining, infrastructure, technology and services. Shashi Ruia was also honored with the Business India Businessman of the Year Award in 2010.
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