Essar Group Shashikant Ruia: Indian billionaire and co-founder of Essar Group Shashikant Ruia passes away at the age of 81.

Essar Group Shashikant Ruia : Indian billionaire and Essar Group co-founder Shashikant Ruia has passed away at the age of 81. According to family members, Shashikant Ruia died in Mumbai late night on 25 November. PM Modi has expressed condolences on the demise of Shashikant Ruia. He wrote on social media platform X, “Shashikant Ruia ji was a great personality of the industry. His visionary leadership and unwavering commitment to excellence transformed India's business landscape.

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With an unwavering commitment towards community upliftment and philanthropy, Shashikant touched the lives of millions and left a lasting impact. Shashikant started his career in 1965 under the guidance of his father Nand Kishore Ruia and founded Essar Group with his brother Ravi Ruia. Shashikant Ruia was also known for philanthropic work.

The official statement issued by the family on Ruia's demise said that Shashikant Ruia's extraordinary legacy will remain a guiding light for all of us, as we honor his vision and continue to uphold the values ​​he nurtured and espoused.