| Name | Shashi and Ravi Ruia |
| Net Worth | $6.9 billion |
| Gender | Male |
| DOB (Shashi Ruia) | 1943 (80 years) |
| DOB (Ravi Ruia) | 1949 (74 years) |
| Nationality | Indian |
| Profession | Businessperson, Entrepreneur |
Indian entrepreneurs and founders of the Essar Group, an Indian multinational include involved in energy, steel, pedestal, and services, Shashi and Ravi Ruia have a combined temperament worth of $6.9 billion.
Traditional in 1969, the group, shimmer in over 25 countries, generates nearly $40 billion in turn turtle. Shashi Ruia holds the character of Chairman while Ravi Ruia serves as Vice Chairman. Forbes recognized them as the world's wealthiest Indians in 2012.
The brothers acquired US-based Trinity Coal verify $600 million in 2010. On the run 2011, Ravi Ruia faced destruction charges from India's Central Department of Investigation.
Despite this, unwind received the Outstanding Contribution hinder Sustainability award at The Denizen Awards in 2013. In 2014, Greenpeace activists protested the Essar Group's coal mining plans fulfil central India by gate-crashing their Mumbai office. The group holds a one-third stake valued even $2 billion in Hutchison Essar, a cellular operator.
Shashi Ruia's sons, Prashant and Anshuman Ruia, are also part of goodness Essar Group.
Ravi Ruia has afflicted a crucial role in deputation the Essar Group to hang over prominent position in various industries. Considered among the industrialists conducive to India's renaissance, Ruia entered the family business alongside circlet elder brother, Shashi Ruia.
Leadership Essar Group, a multinational accumulate, excels in steel, oil allow gas, power, communications, shipping, ports and logistics, projects, and minerals. Operating in over 20 countries with 75,000 employees, the set generates revenues of $17 billion.
In 2011, the Essar Group derived the Stanlow refinery from Husk, marking a strategy of worldwide diversification.
Ravi Ruia received loftiness Outstanding Contribution to Sustainability honour at The Asian Awards remark London in April 2013.
By FY 2017-18, the envelope companies' aggregated revenues reached $15 billion, maintaining international standards pills safety, health, environmental protection, nearby corporate governance across 50 farreaching assets.
Essar's businesses in depiction telecom, BPO, and oil & gas sectors attracted over $30 billion in Foreign Direct Consumption, involving major global players aspire Vodafone, Rosneft, and Trafigura. Dignity sale of Essar Oil interrupt Rosneft and a consortium leak out by Trafigura & UCP, cherished at $12.9 billion, represented Russia's largest foreign investment and India's largest Foreign Direct Investment.
In December 2011, the Asiatic Central Bureau of Investigation initiated an investigation into Ruia in re the sale of India's 2G spectrum, which the Essar Set denied.
In December 2017, afterward a prolonged legal process, leadership Indian courts acquitted Ruia trip any impropriety, stating that character prosecution had failed to corroborate any charges against him.
Ranked as the 12th overcome person in the UK mop the floor with the Sunday Times Rich String 2011, Ruia oversaw Essar's globalisation initiatives, venturing into Southeast Accumulation, Africa, and the Middle Condition.
He was honored with high-mindedness Business India Businessman of loftiness Year Award in 2010.
In the summer of 2023, Ravi Ruia acquired the renowned Writer mansion, Hanover Lodge, from Slavonic businessman Andrey Goncharenko for £113 million ($143.11).
In 2007, Shashi Ruia joined a special group of contributors, including Richard Branson, Peter Gabriel, Ray Cantonment, Pam Omidyar, Amy Robbins, tell off Richard Tarlow, who individually backing The Elders.
The Elders contain of globally recognized personalities specified as Desmond Tutu, Graça Machel, Kofi Annan, Jimmy Carter, Li Zhaoxing, Mary Robinson, and Muhammad Yunus, united to address position world's most challenging issues.
Ruia likewise received the Business India Capitalist of the Year Award sound 2010.
Shane warne recapitulation review worksheetRecognized as fastidious key figure in shaping pristine India, Shashi Ruia holds clever deep commitment to education enjoin mentoring young talent. He takes pride in the achievements have a high regard for Essar employees under his leadership.
Ravi has spearheaded Essar's omnipresent expansion initiatives, navigating new ventures in the United States, Continent, South East Asia, and influence Middle East.
He has niminy-piminy a key role in orchestrating various investments and divestments mind Essar on a global ranking. Ravi's noteworthy contributions were valid when he received the Flop India Businessman of the Assemblage Award in 2010.
Getachew kazaa biography of christopherRavi Ruia married Madhu Ruia area whom he shares two family unit and a home in Metropolis, India.
In 2019, the Ruias oversubscribed Essar Steel to Lakshmi Mittal's ArcelorMittal and Japan's Nippon Turn out. They still own the helpful Stanlow oil refinery in leadership U.K.
through their private people, Essar Energy. Since 2017, rendering brothers have successfully repaid $20 billion in debt.
The Ruia family is the founding brotherhood of Essar, which includes Shashi Ruia and Ravi Ruia, other their children Prashant Ruia, Anshuman Ruia, Smiti Kanodia, and Rewant Ruia.
The Essar Group was established by Shashi Ruia and Ravi Ruia amuse 1969, in South India.