Introduction:

Shashi and Ravi Ruia are known as two of India’s most successful businessmen. They are the founders of one of India’s largest conglomerates, the Essar Group. The Essar Group operates in various sectors like steel, oil, gas, power, and infrastructure. The company has a presence in over 25 countries, employing more than 60,000 people all over the world. In this blog post, we will unveil the secrets to their immense fortune, their investments, and more.

The Beginnings:

The Ruia brothers have an interesting background. Shashi was born in 1949, in Kolkata, and Ravi was born a year later, in Mumbai. Their father was a businessman who had his own small welding business, and the brothers learned valuable lessons in business by watching him. After completing graduation in commerce, they began working with their father’s business before branching out into bigger things.

The Net Worth:

As of 2021, Shashi and Ravi Ruia have a combined net worth of over $9 billion! This makes them one of the wealthiest people in India. The majority of their wealth comes from their conglomerate, the Essar Group. However, they also have investments in various other sectors, including real estate, hospitality, and finance.

Essar Group:

The Essar Group was created in 1969, by the Ruia brothers. It began as a small construction company that primarily dealt with welding and fabrication. Over the years, they diversified their operations and added several more sectors to their portfolio. Today, the Essar Group has a presence in over 25 countries and a workforce of over 60,000 people.

Impact on the Indian Economy:

The Essar Group has contributed significantly to the Indian economy. It has created thousands of jobs, invested in various key sectors, and has also made several charitable contributions. The company has also been recognised with numerous awards and accolades, including “Global Growth Company of the Year” at the World Economic Forum in 2010.

Investments:

Apart from the Essar Group, the Ruia brothers have investments in various other sectors. They have a significant stake in the American appetite-suppressant drug company, Zafgen. They also invested in the Chinese smartphone manufacturer, Xiaomi, and were among the earliest investors in the company that has now become the world’s third-largest smartphone brand.

Personal Life:

Shashi and Ravi Ruia like to keep their personal lives away from the limelight. While they rarely make public appearances, they are known to be passionate about art and are avid collectors of contemporary Indian art.

Conclusion:

Shashi and Ravi Ruia are true success stories in the business world. They have built an empire from scratch that has left an indelible mark on the Indian economy. Their wealth, investments and philanthropic contributions truly prove that they are forces to be reckoned with.

FAQs:

Q. What is the Essar Group?

A. The Essar Group is a conglomerate founded in 1969 by Shashi and Ravi Ruia. The group has interests in various sectors like steel, oil, gas, power, and infrastructure.

Q. What is the net worth of Shashi and Ravi Ruia?

A. As of 2021, Shashi and Ravi Ruia have a combined net worth of over $9 billion.

Q. Which companies have Shashi and Ravi Ruia invested in?

A. The Ruia brothers have invested in various companies, including Zafgen, Xiaomi, and more.

Q. What are the philanthropic contributions made by the Essar Group?

A. The Essar Group has made several charitable contributions, including the creation of the Essar Foundation, which works towards the betterment of society.

Q. What are the other interests of Shashi and Ravi Ruia?

A. Shashi and Ravi Ruia are passionate about art and are avid collectors of contemporary Indian art.