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Essar Group- A Testament to Growth and Leadership

Essar Group, founded by Ruia Brothers in 1969, is one of the top-most valuable companies in India and abroad. What started as a modest construction company with limited resources has today grown into one of Indiau2019s most respected and diversified business conglomerates. With a long-standing philosophy centred on value creation, empowerment, and technological innovation, the Ruia Brothers have always envisioned Essar as a company that not only delivers shareholder value but also supports holistic development.<br><br>

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Essar Group- A Testament to Growth and Leadership

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  1. Essar Group- A Testament to Growth and Leadership

  2. India’s corporate sector is recognised for the diversity of its industries and businesses. Though the country has several companies, only a few with a visionary approach are considered the epitome of growth and resilience. One such company, which has experienced not just growth and success in the past but has also contributed to economic development, is the Essar Group. Established by the visionary Ruia Brothers, the company has emerged as a key player across critical sectors, including energy, infrastructure, metals & mining, and tech & retail. More than just building a massive empire, the Essar Group promoters, including the founding pillars, Ravi Ruia and late Shashi Ruia, along with second-generation leaders like Prashant Ruia, Anshuman Ruia, Rewant Ruia and Smiti Kanodia, have also contributed to India’s industrial growth and global competitiveness.

  3. Legacy of Essar Group Essar Group, founded by Ruia Brothers in 1969, is one of the top-most valuable companies in India and abroad. What started as a modest construction company with limited resources has today grown into one of India’s most respected and diversified business conglomerates. With a long-standing philosophy centred on value creation, empowerment, and technological innovation, the Ruia Brothers have always envisioned Essar as a company that not only delivers shareholder value but also supports holistic development.

  4. Essar Reshapes Its Portfolio from Carbon-Heavy Assets to Greener Operations • One of the most transformative and landmark phases in Essar’s journey was rebalancing its portfolio. By rebalancing its portfolio from carbon-heavy to asset-light green businesses, Essar has not just overcome a few challenges but has strengthened its balance sheet by deleveraging USD 25 billion to effectively become debt-free. With aggregate revenues of USD 15 billion, the new Essar invests in businesses that are both economically promising and sustainable.

  5. Final Words • Legendary companies like Essar make a huge difference in the business world. Under the leadership of the Ruia Brothers, the company has proven that transformation is an important aspect to sustain in this evolving business world, and businesses that can survive these changing market landscapes can stay ahead among their competitors. Indeed, the Essar Group is much more than just a corporate entity. Due to its significant size and diversified operations, it has contributed to economic development in India and also attracts foreign investment.

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