Essar Group co-founder, Shashikant Ruia has passed away at the age of 81 after a prolonged illness. He died on Monday, November 25 in Mumbai. Industrialist, Shashikant Ruia, Chairman, Essar Group, played a significant role in redefining India’s corporate landscape. He laid the foundation of the Essar Group and made it a global conglomerate: Ruia and Essar Family.

Essar Group informed about Ruia’s demise on X. They wrote, “It is with profound grief that we inform of the passing of Shri Shashikant Ruia, Patriarch of the Ruia and Essar Family. He was 81. With an unwavering commitment to community upliftment and philanthropy, he touched millions of lives leaving an enduring impact. His humility, warmth, and ability to connect with everyone he met, made him a truly exceptional leader. An iconic industrialist, Shri Shashikant Ruia, Chairman, Essar Group, played a significant role in redefining India’s corporate landscape. He laid the foundation of the Essar Group and made it a global conglomerate. Shri. Shashikant Ruia’s extraordinary legacy will remain a guiding light for all of us, as we honour his vision and continue to uphold the values, he cherished and championed. Ruia and Essar Family.”

PM Modi Calls His Demise, ‘Deeply Saddening’

Prime Minister Narendra Modi expressed condolences on his demise and wrote on X, “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 discussing how we can make our country better. Shashi Ji’s demise is deeply saddening. My deepest condolences to his family and loved ones in this hour of grief. Om Shanti.”