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Shashikant Ruia, co-founder of the Essar Group, passed away in Mumbai on Monday after a prolonged illness. Ruia began his career in 1965 under the guidance of his father, Nand Kishore Ruia. Alongside his brother Ravi, he founded Essar in 1969, expanding the conglomerate across sectors including steel, oil refining, telecom, and power. Prime Minister Narendra Modi condoled his death, hailing his contribution to Indian industry.
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