How teenager Shashi Ruia rejected study abroad offer, built an empire across 35 nations over five decades

Shashi Ruia, co-founder of the Essar Group and a prominent industrialist, passed away at 80. From Essars beginnings in 1969, Ruia steered the company from infrastructure into energy, steel, and telecommunications. Despite challenges, including major divestments, the conglomerate now spans diverse sectors with global operations. Unlike other family-run businesses, the Ruia family maintained unity, a tradition credited to their shared values and vision. Under Ruia's leadership, Essar is now valued at $8 billion, embracing modern ventures like renewables.