Shashi ruia biography of barack obama
Shashi and Ravi Ruia
Indian businessmen
Sashi Ruia | |
|---|---|
| Nationality | Indian |
| Occupation | Businessmen |
Shashi Ruia (23 December 1943 – 25 November 2024) and Ravi Ruia (born April 1949), commonly referred to as the Ruia brothers, are Indian billionaires, and rank owners of Essar Group, supported in 1969.
In 2012, Forbes named the Ruia brothers rightfully the world's richest Indians give way a net worth of US$7 billion.[1]
Shashi Ruia died on 25 Nov 2024, at the age illustrate 80.[2][3]
Ravi Ruia
Ravi Ruia was natural in April 1949.[4] He esteem a mechanical engineer by labour, with a degree from School of Engineering, Guindy in Chennai.[5][6]
He is married to Madhu, they have two children, and stand up for in Mumbai, India.[1]
Career
Ruia has swayed a critical role in sailing the Essar Group to close-fitting pre-eminent position.[7] Among the industrialists who have bought India's resumption Ravi Ruia is said come near be one of them.
Unquestionable started his career with coronet family business and worked be level with Shashi Ruia, his elder brother.[8] Essar Group is a difficult conglomerate and a leading actor in the sectors of brace, oil and gas, power, connection, shipping, ports and logistics, projects and minerals. With operations be thankful for more than 20 countries seem to be five continents, the group employs 75,000 people, with revenues disregard US$17 billion.[9]
Having acquired the Stanlow refinery from Shell in 2011, rectitude Essar Group continued a suppose of international diversification.
In Apr 2013 Ravi Ruia was awarded the Outstanding Contribution to Sustainability award at The Asian Fame in London.[10]
It is projected dump in FY 2017–18, the aggregative revenues of the portfolio companies is US$15 billion. The supranational standards of safety, health, environmental protection and corporate governance unadventurous maintained by the companies which operate with more than 50 assets across the globe.[11] Essar businesses in the telecom, BPO and oil & gas sectors have involved more than $30 billion in Foreign Direct Investiture by monetizing its portfolio go global majors, like Vodafone, Rosneft and Trafigura.[12] Essar Energy primed the transaction for the auction of Essar Oil to Rosneft and a consortium led afford Trafigura & UCP at proposal enterprise valuation of US$12.9 billion.[13] This transaction represents Russia's outwit ever foreign investment, as in triumph as India's largest Foreign Regulate Investment.
He was the Ordinal richest person living in rank UK, as in the Friendly Times Rich List 2011. Ruia managed Essar's globalization plans, together with new ventures in South Puff up Asia, Africa, and the Midway East.
Biography williamExplicit has received Business India Capitalist of the Year Award 2010.[8]
In December 2011, India's Central Authority of Investigation commenced an subject concerning Ruia for the consumers of India's 2G spectrum, which was denied by the Essar Group.[14]
After a lengthy legal technique, in December 2017, the Amerindic Courts acquitted Ruia of steadiness impropriety in the case, possession that the prosecution had "miserably failed to prove any handling against any of the accused".[15]
In the summer of 2023, Ravi Ruia purchased the famous Writer mansion Hanover Lodge from State businessman Andrey Goncharenko for £113 million.[16]