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Essar Group, established by the Ruia brothers, Ravi Ruia and the late Shashi Ruia, in 1969, has evolved from a family-owned business to a huge conglomerate with diversified businesses. With a rich entrepreneurial history spanning more than fifty-five decades, Essar is continuing to maintain its legacy and evolved into a forward-thinking, sustainable investor with a sharp focus on green and future-centric industries.
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Traditionally, businesses’ primary concern has been the level of returns on their investments, often without much focus on the methods used to generate these returns. However, the industry is undergoing a transformative shift. Businesses today are moving towards managing resources responsibly for long-term value. Traditional business models prioritizing immediate profits over sustainable practices now focus more on environmental, social, and governance (ESG) factors. In this evolving landscape where businesses are investing smartly, Essar Group has emerged as one of the leaders in this transition. Increasingly, Essar is changing its business models to embed sustainability in its corporate strategy.
Essar Group Carrying Forward the Legacy of Innovation • Essar Group, established by the Ruia brothers, Ravi Ruia and the late Shashi Ruia, in 1969, has evolved from a family-owned business to a huge conglomerate with diversified businesses. With a rich entrepreneurial history spanning more than fifty-five decades, Essar is continuing to maintain its legacy and evolved into a forward-thinking, sustainable investor with a sharp focus on green and future-centric industries.
Essar Rebalancing for a Sustainable Future • With aggregate revenues of US$ 15 billion and Assets Under Management of US$ 9.6 billion, Essar’s investments are future-centric and value-accretive. Essar has embarked on a new journey of value creation, focussing on transitioning existing infrastructural assets to green and building capacities by investing in sustainable businesses in hydrogen, carbon capture, natural gas, biofuels, renewables, and green steel. By monetising carbon-heavy investments at an opportune time, Essar leveraged the opportunity to deleverage its balance sheet by $25 billion to become debt-free effectively, while rebalancing its portfolio to asset-light green businesses. Over the last three years, it has also repositioned itself as a future-focused investor.
https://www.globalblogzone.com/essar-group-emerging-as-future-focussed-investor/https://www.globalblogzone.com/essar-group-emerging-as-future-focussed-investor/ • THANK TOU • For watching this presentation