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From Essar Debt to Essar Tech Ravi Ruia leads the Group’s Digital Transformation

Customer engagement is a far more essential perspective in todayu2019s digital world. Keeping this in perspective, Ravi Ruia Essar has sought to reorient Essar Group toward the building of solid digital platforms that improve customer interaction and satisfaction.

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From Essar Debt to Essar Tech Ravi Ruia leads the Group’s Digital Transformation

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  1. From Essar Debt to Essar Tech: Ravi Ruia leads the Group’s Digital Transformation

  2. When tradition merges with technology, it often creates a transformative impact, and the Essar Group is a prime example of this synergy. Under the visionary leadership of Ravi Ruia, the Essar Group has embarked on a remarkable journey of digital transformation, reshaping its business practices to align with modern demands. By streamlining its operations, Essar has positioned itself as a formidable player in the global market. Throughout this evolution, Ravi Ruia has masterfully integrated tradition and innovation, turning it into a powerful strategy for success.

  3. Formalising the digital revolution The stepping stone: It dawned on Ravi Ruia quite early that formalising the digital revolution is one of the best ways to secure the future of the group. His sight beyond the normal is what makes him unique and sets his visions completely aside. His approach has been to blend the group’s robust industrial heritage with cutting-edge technology, hence creating a hybrid model that leverages both traditional and digital strengths. Although this formulation has been revolutionary in many ways, the Essar debt was a constant factor of worry.

  4. How did the Essar Group overcome the Essar debt challenge? • Given Essar Group’s involvement in various areas, Essar’s leverage problem became profound during periods of financial distress and restructuring. • The group was confronted with high levels of leverage or, rather, high ratios of a company’s debt versus its equity. The situation was worsened due to economic recession and commodity price volatility, resulting in debt servicing.

  5. Operational Efficiency Through Technology Probably one of the critical aspects of Essar’s digital transformation has been investment in technologies that optimise operational efficiencies. Ruia has led in adopting Industry 4.0 technologies, including IoT, AI, and machine learning, which have heralded this process at Essar. For instance, Essar facilities deploy smart sensors and data analytics to track production processes in real time. The result has been predictive maintenance, reducing operational downtime and costs.

  6. Thank You For Your Attention

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