Essar Group co-founder Shashikant Ruia passed away at the age of 81. 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.

As per the statement issued by his family, Ruia died of prolonged illness at around 11.55 pm on the 25th of November in Mumbai. He had returned from the US a month back, where he was undergoing treatment, it added. 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,” the statement said.