Shashikant Ruia known as Shashi Ruia, co-founder of Essar Group, passed away in Mumbai. 

• He leaves behind his wife Manju, two sons Prashant and Anshuman, and four grandchildren.
• Ruias were post-Independence, first-gen entrepreneurs, among the first of their kind those days.
• Shashi and his younger brother Ravi named their enterprise by combining the first two letters of their first names.
• The Ruias started their business in Chennai in 1969. A Rs 2.5 crore contract from the Madras Port Trust to construct an outer breakwater was their first big deal, followed by other infrastructure projects.