Shashi ruia biography of mahatma
Shashi and Ravi Ruia
Indian businessmen
Sashi Ruia | |
|---|---|
| Nationality | Indian |
| Occupation | Businessmen |
Shashi Ruia (23 December – 25 November ) and Ravi Ruia (born April ), commonly referred to as the Ruia brothers, are Indian billionaires, and the owners of Essar Group, founded in
In , Forbes named the Ruia brothers as the world's richest Indians with a net worth of US$7&#;billion.[1]
Shashi Ruia died on 25 November , at the age of [2][3]
Ravi Ruia
Ravi Ruia was born in April [4] He is a mechanical engineer by profession, with a degree from College of Engineering, Guindy in Chennai.[5][6]
He is married to Madhu, they have two children, and live in Mumbai, India.[1]
Career
Ruia has played a critical role in steering the Essar Group to its pre-eminent position.[7] Among the industrialists who have bought India's renaissance Ravi Ruia is said to be one of them.
He started his career with his family business and worked with Shashi Ruia, his elder brother.[8] Essar Group is a multinational conglomerate and a leading player in the sectors of steel, oil and gas, power, communications, shipping, ports and logistics, projects and minerals.
Shashi ruia biography of mahatma Read Edit View history. Next PAN 2. In , the Ruia duo acquired a small ore processing plant in Germany, which was later relocated to the western part of India. JulyWith operations in more than 20 countries across five continents, the group employs 75, people, with revenues of US$17&#;billion.[9]
Having acquired the Stanlow refinery from Shell in , the Essar Group continued a strategy of international diversification. In April Ravi Ruia was awarded the Outstanding Contribution to Sustainability award at The Asian Awards in London.[10]
It is projected that in FY –18, the aggregated revenues of the portfolio companies is US$15 billion.
The international standards of safety, health, environmental protection and corporate governance are maintained by the companies which operate with more than 50 assets across the globe.[11] Essar businesses in the telecom, BPO and oil & gas sectors have involved more than $30 billion in Foreign Direct Investment by monetizing its portfolio to global majors, like Vodafone, Rosneft and Trafigura.[12] Essar Energy completed the transaction for the sale of Essar Oil to Rosneft and a consortium led by Trafigura & UCP at an enterprise valuation of US$ billion.[13] This transaction represents Russia's largest ever foreign investment, as well as India's largest Foreign Direct Investment.
He was the 12th richest person living in the UK, as in the Sunday Times Rich List Ruia managed Essar's globalization plans, including new ventures in South East Asia, Africa, and the Middle East. He has received Business India Businessman of the Year Award [8]
In December , India's Central Bureau of Investigation commenced an investigation concerning Ruia for the sale of India's 2G spectrum, which was denied by the Essar Group.[14]
After a lengthy legal process, in December , the Indian Courts acquitted Ruia of any impropriety in the case, holding that the prosecution had "miserably failed to prove any charge against any of the accused".[15]
In the summer of , Ravi Ruia purchased the famous London mansion Hanover Lodge from Russian businessman Andrey Goncharenko for £ million.[16]