Professional Documents
Culture Documents
Founded in 1969 by brothers – Mr. Shashi Ruia & Mr. Ravi Ruia
Operates in 25 countries, revenues of $20 bn, strength of 70,000
employees
21st century about consolidating and growing the business with
M&A’s, new revenue streams & strategic geographical expansions
Expansion drives expected to catapult the group to $30 bn league by
2013.
Transformation from a marine construction company to a Diversified
Conglomerate, scale and diversity to tide over the cyclical nature of
businesses
Founders popular for their Management Styles, Ravi for his
methodical & systemic approach and Shashi for his ‘Out of the box’
thinking
Global steel producer with a capacity of
End to end player from Essar 14 million tons, among top 15 steel
exploration to refinery
to retail Steel producers in the world
Essar
Essar Growing portfolio
Oil
Minerals of Iron Ore & Coal
mines in India
Among India’s top
private sector power Essar
producers with Power
current generation Essar
capacity of 1600 MW Projects
World-Class
Essar Essar engineering, production
120 million subscribers
globally, shot into limelight Comm. Shipping & construction
capabilities
for the 33% Vodafone stake,
$5.7 bn mega deal
Among India’s largest
port operators
Reinforcement by management : Not a family business,
but a family-in –business.
Tradition for young family owners to observe during
initial five years and significant role given only during
after that time frame of induction.
Earning trust and respect of senior people in the
organization a key part of the transition
Strategic re-organization & new management structure
empowering top leadership with ownership in decision
making
Above GMC (Group management committee) final
decision making authority, departure from past, where
important business plans were independently driven by
promoters & directors
People driven and People centric organization : Non bureaucratic &
result-oriented culture
HRD is customized, flexible and well planned : Personalized and
flexible individual plans for career development
Essar learning centre : Serious commitment to Learning &
Development
Campus Hiring : Focus on entry level, hiring from T-Schools & B-
Schools
Fast track career programmes for individuals that are high
performers : Retention bonus a key component
Strong Employee Connect : Employee Assistance programme,
Commitment to Health & Wellness, Hobby Groups, Events &
Celebrations
Ask HR : Unique Initiative, dedicated team to solve queries
Coaching & Mentoring initiative : Anchoring new talent with a guru or
a mentor, community of 650 coaches
Key learning : Accept change as an organization
grows, goes global : Systems / Processes /
Working styles / Culture