Essar
Essar Global Fund Limited
Mumbai, Maharashtra, India
About
Founded in 1969, Essar is a private headquartered in Mumbai, India with approximately 5000+ employees specializing in Solar, Wind, Hydrogen.
Founded in 1969 by Shashi and Ravi Ruia, Essar has evolved from a construction company into a global investment platform. Essar Global Fund Limited (EGFL), managed by Essar Capital Limited, operates world-class assets across four core sectors: Energy (including Essar Energy Transition with focus on hydrogen, biofuels, and low-carbon refining at Stanlow, UK), Infrastructure & Logistics (ports, power, projects, clean fuel distribution), Metals & Mining (steel, iron ore pellets, mining operations), and Technology & Retail (digitalization, farm-to-fork e-commerce, shipping). The company is committed to transitioning from carbon-based to clean energy sources, with planned investments of US$3.6 billion over five years in the UK and India for hydrogen (1-3.8 GW capacity), green ammonia (1 GW), and biofuels (1 million metric tons). Portfolio businesses generate aggregate revenues of approximately US$13-15 billion annually.
Headquarters
Mumbai, India
Founded
1969
Employees
5000+
Company Type
Private
Annual Revenue
>$1B
Business Models
Value Chain
Industry Memberships
UK India Business Council, Young Presidents Organization (YPO), Confederation of Indian Industries (CII), Entrepreneurs Organization, US-India Strategic Partnership Forum, India-Indonesia CEOs Forum, Wind Independent Power Producers Association
Projects
EET Hydrogen (UK)
EET Hydrogen India
EET Biofuels
Mesabi Metallics
KSA Green Flat Steel Complex
Essar Minmet
EET Fuels Decarbonization
Essar Power
Certifications & Awards
Certifications
Plastic Neutral Certification
Awards
Excellence Award for Renewable Energy and Sustainability
Business India Businessman of the Year Award