Indian industrialist Shashi Ruia, who co-founded the Essar Group, has passed away at the age of 80. Starting their business journey in 1969 with a modest construction contract, Shashi Ruia and his brother expanded their venture into a global conglomerate, diversifying into key sectors including energy, steel, and telecommunications.

Over the decades, the Ruia brothers transformed Essar Group into a prominent name in both the national and international business arenas. Despite encountering financial hurdles in later years, Shashi Ruia’s strategic vision and leadership played a pivotal role in steering the company through challenging times.

Shashi Ruia was not only known for his business acumen but also for his significant contributions to various business forums across the world. His insights and leadership were highly regarded in industry circles, influencing many upcoming entrepreneurs and established business leaders alike.

The legacy of Shashi Ruia remains impactful, marked by his commitment to industrial growth and innovation. His passing is a significant loss to the business community, both in India and globally.