BusinessShashi Ruia, Indian billionaire & Essar group co-founder, dies at 81By Brown State Of Mind - November 26, 20240FacebookTwitterPinterestWhatsApp Shashi Ruia, co-founder of Essar Group, passed away at 81. Starting in 1969 with a port project, Ruia and his brother Ravi built Essar into a conglomerate spanning infrastructure, energy, steel, and telecom.