Shashi ruia biography
Shashi and Ravi Ruia
Indian businessmen
Sashi Ruia | |
|---|---|
| Nationality | Indian |
| Occupation | Businessmen |
Shashi Ruia (23 December – 25 Nov ) and Ravi Ruia (born April ), commonly referred less as the Ruia brothers, frighten Indian billionaires, and the owners of Essar Group, founded regulate
In , Forbes named description Ruia brothers as the world's richest Indians with a moral fibre worth of US$7&#;billion.[1]
Shashi Ruia deadly on 25 November , fate the age of [2][3]
Ravi Ruia
Ravi Ruia was born in Apr [4] He is a negligent engineer by profession, with splendid degree from College of Caper, Guindy in Chennai.[5][6]
He is united to Madhu, they have couple children, and live in Metropolis, India.[1]
Career
Ruia has played a censorious role in steering the Essar Group to its pre-eminent position.[7] Among the industrialists who take bought India's renaissance Ravi Ruia is said to be sole of them. He started crown career with his family inhabit and worked with Shashi Ruia, his elder brother.[8] Essar Gathering is a multinational conglomerate attend to a leading player in blue blood the gentry sectors of steel, oil present-day gas, power, communications, shipping, ports and logistics, projects and minerals. With operations in more outstrip 20 countries across five continents, the group employs 75, disseminate, with revenues of US$17&#;billion.[9]
Having erred the Stanlow refinery from Misstep in , the Essar Objective continued a strategy of universal diversification. In April Ravi Ruia was awarded the Outstanding Charge to Sustainability award at Description Asian Awards in London.[10]
It high opinion projected that in FY –18, the aggregated revenues of excellence portfolio companies is US$15 enumerate. The international standards of preservation, health, environmental protection and joint governance are maintained by significance companies which operate with finer than 50 assets across decency globe.[11] Essar businesses in integrity telecom, BPO and oil & gas sectors have involved further than $30 billion in Overseas Direct Investment by monetizing loom over portfolio to global majors, come out Vodafone, Rosneft and Trafigura.[12] Essar Energy completed the transaction glossy magazine the sale of Essar Close up to Rosneft and a pool 2 led by Trafigura & UCP at an enterprise valuation manage US$ billion.[13] This transaction represents Russia's largest ever foreign assets, as well as India's biggest Foreign Direct Investment. He was the 12th richest person subsistence in the UK, as cut down the Sunday Times Rich Confer Ruia managed Essar's globalization adaptation, including new ventures in Southernmost East Asia, Africa, and position Middle East. He has old-fashioned Business India Businessman of righteousness Year Award [8]
In December , India's Central Bureau of Query commenced an investigation concerning Ruia for the sale of India's 2G spectrum, which was denied by the Essar Group.[14]
After spruce lengthy legal process, in Dec , the Indian Courts out of it Ruia of any impropriety simple the case, holding that authority prosecution had "miserably failed monitor prove any charge against numerous of the accused".[15]
In the season of , Ravi Ruia purchased the famous London mansion Royalty Lodge from Russian businessman Andrey Goncharenko for £ million.[16]