The 81-year-old is survived by wife Manju and two sons, Prashant and Anshuman, and their spouses and four grandchildren.Ruia, co-founded the metals-to-technology conglomerate in 1969 along with his brother Ravi, died late last night in Mumbai, his family said. The industrialist was undergoing treatment in the US till recently and returned to the city only last month. "With profound grief we inform of the passing of Shashikant Ruia of the Ruia and Essar family. With an unwavering commitment to community uplifting 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 Essar Group said. The Ruia family described Shashi's legacy as a guiding light for future generations and vowed to uphold the values and vision he championed through his life. Shashi, a first-generation entrepreneur industrialist, started his career in 1965 at the tender age of 17 under the guidance of his father Nand Kishore Ruia. He, along with his brother Ravi, laid the foundation of Essar in 1969 beginning with construction and the first contract was from the Madras Port to construct an outer breakwater at a princely sum of ₹2.5 crore.

Essar group co-founder Shashikant Ruia dies at 81

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