Shashi & Ravi Ruia

Shashi & Ravi Ruia
Shashi & Ravi Ruia
At a Glance
  • Age
  • Earnings
    $ 5.8 Billion
  • Source of earnings
  • Marital Status
  • Children
  • Residence

Forbes India Lists

#15 India Rich List 2015

#16 India Rich List Rank 2014
#12 India Rich List Rank 2013

Siblings who control the $35 billion (revenues) Essar Group, an oil, power and steel conglomerate, and are said to be weighed down by a mountain of debt, saw shares of their Mumbai-listed Essar Oil rise on news that they are close to concluding the sale of a 49% stake to Russian oil producer Rosneft. The deal, which reportedly values the Indian refiner at $6 billion-plus, includes an agreement by Rosneft to supply 10 million barrels of crude to Essar annually for 10 years.

India Rich List 2015

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