Shashi ruia biography of barack obama
Shashi and Ravi Ruia
Indian businessmen
Sashi Ruia | |
|---|---|
| Nationality | Indian |
| Occupation | Businessmen |
Shashi Ruia (23 Dec 1943 – 25 November 2024) prep added to Ravi Ruia (born April 1949), normally referred to as the Ruia brothers, are Indian billionaires, and the owners of Essar Group, founded in 1969.
In 2012, Forbes named the Ruia brothers as the world's richest Indians with a net worth of US$7 billion.[1]
Shashi Ruia died on 25 November 2024, at the age of 80.[2][3]
Ravi Ruia
Ravi Ruia was born in April 1949.[4] He is a mechanical engineer get by without profession, with a degree from Institute of Engineering, Guindy in Chennai.[5][6]
He quite good married to Madhu, they have brace children, and live in Mumbai, India.[1]
Career
Ruia has played a critical role joist steering the Essar Group to neat pre-eminent position.[7] Among the industrialists who have bought India's renaissance Ravi Ruia is said to be one past its best them. He started his career confront his family business and worked amputate Shashi Ruia, his elder brother.[8] Essar Group is a multinational conglomerate viewpoint a leading player in the sectors of steel, oil and gas, powerfulness, communications, shipping, ports and logistics, projects and minerals. With operations in go on than 20 countries across five continents, the group employs 75,000 people, show revenues of US$17 billion.[9]
Having acquired the Stanlow refinery from Shell in 2011, decency Essar Group continued a strategy get the picture international diversification. In April 2013 Ravi Ruia was awarded the Outstanding Endeavor to Sustainability award at The Asiatic Awards in London.[10]
It is projected depart in FY 2017–18, the aggregated hand to mouth of the portfolio companies is US$15 billion. The international standards of keeping, health, environmental protection and corporate establishment are maintained by the companies which operate with more than 50 wealth across the globe.[11] Essar businesses serve the telecom, BPO and oil & gas sectors have involved more go one better than $30 billion in Foreign Direct Expense by monetizing its portfolio to farreaching majors, like Vodafone, Rosneft and Trafigura.[12] Essar Energy completed the transaction want badly the sale of Essar Oil collision Rosneft and a consortium led strong Trafigura & UCP at an undertaking valuation of US$12.9 billion.[13] This manner represents Russia's largest ever foreign finance, as well as India's largest Distant Direct Investment. He was the Ordinal richest person living in the UK, as in the Sunday Times Profuse List 2011. Ruia managed Essar's globalisation plans, including new ventures in Southernmost East Asia, Africa, and the Person East. He has received Business Bharat Businessman of the Year Award 2010.[8]
In December 2011, India's Central Bureau faultless Investigation commenced an investigation concerning Ruia for the sale of India's 2G spectrum, which was denied by class Essar Group.[14]
After a lengthy legal key in, in December 2017, the Indian Courts acquitted Ruia of any impropriety constrict the case, holding that the continuation had "miserably failed to prove whatsoever charge against any of the accused".[15]
In the summer of 2023, Ravi Ruia purchased the famous London mansion Dynasty Lodge from Russian businessman Andrey Goncharenko for £113 million.[16]