Essar is a conglomerate with investments in the sectors of steel, energy (oil & gas and power), infrastructure (ports, projects & concessions) and services
(shipping, telecom, realty and outsourcing and technology solutions).
With operations in more than 25 countries across five continents, Essar
employs over 73,000 people and has revenues of $39 billion.Essar began as a construction company in 1969 and diversified into manufacturing, services and retail. Essar is managed by Shashi Ruia – Chairman, and Ravi Ruia – Vice Chairman.
Essar began its first operation with the construction of an outer breakwater in Chennai port. The name Essar is derived by combining the first letter of the Chairman's and Vice-Chairman's names – Shashi and Ravi, i.e. S plus R sounds like Essar. The company was incorporated in June 1976 under the name of Essar Construction Limited and was engaged primarily in core sector activities, including marine