Prashant Ruia, son of Shashi Ruia and the future of the Essar Group

IIPM PUBLICATION

For that matter, nobody at Essar talks even about the legend of Phoenix, the mythical Greek figure that rises from the ashes. But for almost all corporate analysts who have been tracking the fortunes of Essar and the Ruias since the 1980s, what has happened to the business house in the last few years is akin to a resurrection. Like most successful Entrepreneurs and inheritors who talk in politically correct overtones about the success of their strategy, Prashant Ruia, son of Shashi Ruia and the future of the Essar Group, talks about the importance of professional managers when he says, “As a Group, we lay great emphasis on building and maintaining a cadre of professional managers. Indeed managers are trained at Essar’s own management and training college and are then sent around the world to build skills and experience – just as I was.”

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative