Shashi Ruia, a trailblazing first-generation entrepreneur, began his career in 1965 with the guidance of his father, Nand Kishore Ruia. On Tuesday, Prime Minister Narendra Modi expressed his condolences following the death of Ruia, who passed away on Monday at the age of 81.
According to a report by Indian media (ABP Live) on Tuesday, The Indian Prime Minister Narendra Modi paid tribute to the industrialist through a social media post, stating, “Shri Shashikant Ruia Ji was a monumental figure in the industrial world.”
The PM further emphasized on his life-journey, stating, “His visionary leadership and dedication to excellence transformed India’s business landscape. He set high standards for innovation and growth and was always focused on improving our country. His loss is deeply saddening,”
He also conveyed his heartfelt sympathies to the family, adding, “My deepest condolences to his family and loved ones in this hour of grief. Om Shanti.”
Shri Shashikant Ruia Ji was a colossal figure in the world of industry. His visionary leadership and unwavering commitment to excellence transformed the business landscape of India. He also set high benchmarks for innovation and growth. He was always full of ideas, always… pic.twitter.com/2Dwb2TdyG9
— Narendra Modi (@narendramodi) November 26, 2024
Shashi Ruia, who co-founded Essar Group with his brother Ravi, played a pivotal role in shaping the company’s business strategy, leading its growth and diversification.
He was also involved in various national and international industry organizations, serving on the managing committee of the Federation of Indian Chambers of Commerce and Industry (FICCI) and chairing the Indo-US Joint Business Council. Additionally, he was the former president of the Indian National Shipowners Association and held memberships in the Prime Minister’s Indo-US CEO Forum and the India-Japan Business Council.
Essar Global Fund Ltd, under Ruia’s leadership, has a wide-ranging portfolio in key sectors such as infrastructure, energy, metals and mining, technology, and services, with its companies collectively generating annual revenues of $14 billion, as per the Essar Group website.
