Ruias of Essar hit the reset button


Posted January 13, 2023 by Viyanpale760

The Essar Group may have paid off its debt and brought about more operational transparency, but the promoters still have a long way to go before they are free of the burden of the past.

 
The Ruias' choice to stay out of operations is reflected in the Essar Group's current organisational structure. The founding family is made up of the brothers and their offspring, including Smiti Kanodia, Ravi's daughter. In the group, none of them have an executive position.
There are three levels of executive leadership. The Fund Leadership, the first group, is made up of Essar Capital's top executives. The majority of CEOs have background in accounting, risk management, strategy, taxation, and M&A. The portfolio heads or leaders are next. This comprises both longtime members of the organisation like J. Mehra and more recent additions like Anil Chaudhary, a former SAIL chairman and managing director. The CEOs and functional heads of operating firms like Essar Oil UK and Stanlow Terminals, which oversees the logistics of the same-named refinery in the UK, are included in a layer below. The two businesses fall within the infrastructure & logistics and energy divisions, which together account for the majority of the group's current top line.
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By Essar
Country India
Categories Advertising , Home Business
Tags essargroup , essarport
Last Updated January 13, 2023