Essar Group co-founder Shashikant Ruia has passed away at the age of 81. Industrialist Shashikant Ruia, chairman of Essar Group, played a key role in redefining India’s corporate landscape. He laid the foundation of Essar Group and made it a global conglomerate. Prime Minister Narendra Modi has expressed condolences on his demise.
PM Modi expressed grief
While posting on social media, PM Modi wrote that Shashikant Ruia ji was a great person in the industry. His visionary leadership and unwavering commitment to excellence transformed India’s business landscape. He also set high standards for innovation and development. He was always full of ideas, always discussing how we could make our country better. Shashiji’s demise is very sad. My deepest condolences to his family and loved ones at this sad time. Om Shanti.
Shashi Ruia’s mortal remains will be kept at Ruia House for worship. A first generation enterprising businessman, he started his career in 1965 under the guidance of his father Nand Kishore Ruia. He was a member of the Prime Minister’s India-US CEO Forum and the India-Japan Business Council.