Who is Ravi Ruia?
He is the co-founder and vice-chairman of the Essar Group. He was born on 22 april 1949. He is married to Madhu Ruia, they have 2 children (Smiti and Rewant). He studied on the College of Engineering, Guindy. CEG is a public engineering college in Chennai, India. It is India’s oldest technical institution. It was founded in 1794.
The Essar Group is an Indian multinational corporation headquartered at Mumbai, India. The company is active in sectors like steel, energy, power, communications, shipping ports, logistics and construction.
The company started in 1976 as a construction company. In the 1980’s the company became active in oil and gas exploration. In the 1990s the group entered into steel, oil refinery and mobile telephony.
The company now realizes more than US$ 15 billion in sales.
Essar Steel is now India’s largest exporter of flat steel. Essar Energy is India’s 2nd largest power generation company. Essar Projects is India’s second largest engineering, procurement and construction company. The Essar Group has over 75,000 employees.
The company is registered in the UK and is active in the oil and gas industry. The activities include exploration and retail. It also owns several power plants. It realizes an annual cash flow of US$ 1.2 billion.
The group’s ultimate holding company is Essar Global Fund Limited, based on the Cayman Islands. Essar Global Fund Limited (Essar) is a diversified global private equity fund exclusively managed by
Essar Capital Limited
The Fund is a global investor, controlling a number of world-class assets diversified across Energy, Infrastructure, Metals & Mining, and Services.