Shashi Ruia (1943β2024) and Ravi Ruia, known as the Ruia brothers, were Indian billionaires and the founders of the Essar Group, a major conglomerate they started in 1969.
In 2012, Forbes recognized them as the richest Indians in the world, with a combined net worth of $7 billion.
Shashi Ruia Biography
Shashi Ruia was born in 1943 in Mumbai. His family, originally from Rajasthan, was in the construction business. He died on 25 November 2024 at the age of 81. He was born to Indian parents, his father’s name was Mr. Nand Kishore Ruia, and his mother’s name was Mrs. Ruia.
He was married to Manju Ruia and had two sons named Prashant and Anshuman.
Later, his father moved to Chennai to start a new venture and set up a shipping and export company in the 1950s. Shashi, the elder of two brothers, often went with his father to work, gaining early exposure to the business world.

Shashi graduated with a degree in commerce, but most of his learning and guidance came from his father, Nand Kishore Ruia, a successful businessman. According to the reports, By 2021, according to Forbes, Shashi and Ravi Ruia’s net worth was estimated to be $2.2 billion.
Attribute | Details |
---|---|
Full Name | Shashi Ruia |
Nickname | Shashi |
Profession | Businessman |
Date of Birth | 1943 |
Date Of Death | 25 November 2024 |
Age (as of 2024) | 81 Years Old |
Family |
Father: Mr. Nand Kishore Ruia |
Mother: Mrs.Β Ruia | |
Brother(s)- Ravi Ruia Sister- No |
|
Marital Status | Married |
Girlfriend Name | Manju |
Children | Son – Prashant and Anshuman Daughter – N/A |
Religion | Hindu |
Educational Qualification | Graduate |
School | High School |
College | Private College, Mumbai |
Hobbies | Business and Reading Books |
Birth Place | Mumbai, India |
Hometown | Mumbai, India |
Current City | Mumbai |
Nationality | Indian |
Net Worth {2021} | $2.2 billion Approximately |
Social Media |
|
Life Journey Of Shashi Ruia
Shashi was a first-generation entrepreneur and industrialist who began his career in 1965 with guidance from his father, Nand Kishore Ruia. In 1969, he and his brother Ravi Ruia started the Essar Group, a company involved in industries like steel, energy, power, communication, shipping, ports, and logistics.
Ruia held key roles in several national and industry organizations. He was part of the Managing Committee of FICCI (Federation of Indian Chambers of Commerce and Industry) and served as Chairman of the Indo-US Joint Business Council.
He was also a former President of the National Shipowners Association of India. Additionally, he was a member of the Prime Minister’s India-US Career Forum (established in 1965) and the India-Japan Business Council.
Shri Shashikant Ruia
23.12.1943 – 25.11.2024Last rites today at 4:30PM at Banganga Crematorium, Teen Batti, Malabar Hill, Mumbai.
ππ pic.twitter.com/zmVCIl9OIg
β Essar (@Essar) November 26, 2024
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