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Company type | Private |
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Industry | Conglomerate |
Founded | 1969 |
Founder | |
Headquarters | , |
Area served | Worldwide |
Key people |
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Products | |
Revenue | ₹120,000 crore (US$14 billion) (2022)[1] |
Total assets | ₹64,000 crore (US$7.7 billion) (2022) [1] |
Number of employees | 7,000+[1] |
Subsidiaries | |
Website | www |
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.