In 1969, Shashi's brother Ravi Ruia founded Essar Group.
Essar Group co-founder Shashi Ruia passed away on November 25, 2024. He was 80 years old. Shashi Ruia's mortal remains will be kept at Ruia House on November 26 from 1 pm to 3 pm. The funeral procession will leave from Ruia House at 4 pm for Hindu Worli Crematorium.
Shashi, a first generation entrepreneur, started her career in 1965 under the guidance of her father Nand Kishore Ruia. In 1969, Shashi's brother Ravi Ruia founded Essar Group. The company began its operations with the construction of an outer breakwater at Chennai Port.
Ruia was also in national bodies and industry associations
Ruia was a member of many important national bodies and industry associations. He was on the Managing Committee of the Federation of Indian Chambers of Commerce and Industry (FICCI). He has also been the Chairman of India-America Joint Business Council. Ruia was a member of the Prime Minister's India-US CEO Forum and the India-Japan Business Council.
Graphics Source: VaskarAssets
