Essar Global Fund invests, builds and nurtures a portfolio of world-class companies through Essar Capital, its investment manager.
Board member – Essar Oil Limited (UK)
Rewant is a member of the second generation of the Ruia Family that is the founding family of Essar. Rewant’s global exposure, fresh perspectives and arc of activities have contributed to Essar’s strategy and operations in the mining, steel and retail sectors, both in India and abroad. He completed his MBA from Stanford Graduate School of Business in 2013.
Frequently traveling between New York, London and Mumbai, he drives the strategy of the Group’s Oil and Gas Business in the UK, the Metals & Mining operations in the US, and the Power business in Canada. He was part of the asset acquisition team that helped forge strategic integration across the raw material to steel value spectrum, and now assists the management teams in maximizing the value of their business. He was also actively involved in Essar’s entry into emerging modern retail.
Essar Energy in 2017 announced the completion of a landmark transaction for the sale of Essar Oil Ltd to Rosneft and a consortium led by Trafigura & UCP at an enterprise valuation of US $12.9 billion. This transaction represents Russia’s largest ever foreign investment, as well as India’s largest Foreign Direct Investment. Rewant was a member of the Essar Energy board that led and concluded the deal.
Rewant also concentrates on evolving the organisational design for Essar’s next phase of growth. He likes building relationships, working with teams and operational efficiency. He therefore focuses on streamlining work flows, people systems and processes through the use of planning and technology.