Essar Group

Essar Group
Company typePrivate
IndustryConglomerate
Founded1969; 55 years ago (1969)
Founder
Headquarters,
Area served
Worldwide
Key people
Products
RevenueIncrease 120,000 crore (US$14 billion) (2022)[1]
Total assetsIncrease 64,000 crore (US$7.7 billion) (2022) [1]
Number of employees
7,000+[1]
Subsidiaries
Websitewww.essar.com

Essar Group[2] is an Indian multinational conglomerate company, founded by Shashi Ruia and Ravi Ruia in 1969. The company, known as Essar Global Fund Limited (EGFL), owns a variety of assets in the core sectors of energy (oil refining, oil and gas exploration and production, power), infrastructure & logistics (ports, projects), metals & mining, technology, and retail (oilfield services, information technology, and food retail). EGFL holds a nearly 100% stake in all its investments.[3]

Significant Essar Group companies include Essar Oil UK, Essar Ports, Essar Oil & Gas Exploration & Production, Essar Shipping, Essar Power, and Essar Projects.

  1. ^ a b c "How Essar Group is reorganizing itself". 2 June 2023.
  2. ^ "Essar - Businesses Across Energy, Construction, Mining & IT Industry". Essar. Retrieved 24 March 2023.
  3. ^ "Essar Group - Company Profile and News". www.bloomberg.com. Retrieved 26 September 2020.