Positive attitude. Positive outcomes
Ravi Ruia belongs to the generation of industrialists who have played a significant role in leading India’s industrial renaissance. An engineer by training, his entrepreneurial abilities have enabled the Essar Global portfolio of companies to become one of the leading names in global industry.
Ravi began his career in the family business and has worked with his elder brother, Shashi Ruia, toward steering the company to its current position of eminence, helping in the consolidation of its businesses and through setting up overseas ventures.
The two brothers, Shashi and Ravi, jointly founded Essar Global Fund Limited (Essar) as a diversified global private equity fund exclusively managed by its investment manager, Essar Capital Limited. The Fund is a global investor, controlling a number of world-class assets diversified across the core sectors of Energy, Infrastructure, Metals & Mining, and Services.
The aggregate revenues of the Fund’s current portfolio companies is about US$12 billion. These companies operate more than 50 assets spread across the globe, while adhering to international standards of health, safety, environmental protection and corporate governance.
Essar has time and again demonstrated its ability to build and operate world-class assets that have elicited the interest of the best global players. Essar’s portfolio businesses in the Telecom, BPO and Oil & Gas sectors have attracted more than $30 billion of monetisation proceeds from global majors, like Vodafone, Rosneft and Trafigura.
Ravi has overseen Essar’s globalisation plans, including new ventures in the United States, Africa, South East Asia and the Middle East, and has led several investments and divestments for Essar globally.
Ravi was a recipient of the Business India Businessman of the Year Award 2010.