Shashi & Ravi Ruia

Shashi & Ravi Ruia
Shashi & Ravi Ruia
At a Glance
  • Age
    72 (Shashi), 67 (Ravi)
  • Earnings
    $ 5.8 Billion
  • Source of earnings
  • Marital Status
    Married (Both)
  • Children
    2 (Both)
  • Residence

Forbes India Lists

#16 India Rich List 2016

#15 India Rich List Rank 2015
#16 India Rich List Rank 2014
#12 India Rich List Rank 2013

Brothers have been busy restructuring their debt-laden Essar Group, a $27 billion (revenue) steel-to-shipping conglomerate. They took Mumbai-listed Essar Oil private in preparation for a 49%-stake sale in the company to Russian oil-producer Rosneft. The $2.8 billion deal (excluding debt) has yet to be concluded. In February they sold an office complex in Mumbai's financial district for $350 million to a Bangalore developer. The Ruias are said to be looking for a buyer for their outsourcing unit Aegis.

India Rich List 2016

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