A legacy of continuous growth


US $5.4 Billion

Monetisation of stake in Vodafone-Essar

  • Hutchison-Essar, in which Essar had 33% stake, operated a pan-India telecom network
  • Vodafone-Essar was the new JV formed after Vodafone acquired Hutchison’s stake
  • In 2011, Essar sold its stake in Vodafone-Essar, a company valued at US $18.8 bn

US $450 Million

Monetisation of Essar Telecom Tower

  • Essar sold its network of 4,600 telecom towers across 14 telecom circles in India to American Tower Corporation, a leader in wireless communication sites


US $12.9 Billion

Monetisation of Essar Oil

  • Essar sold 98% of its stake in Essar Oil to Rosneft and Trafigura-UCP consortium
  • Sale included 20 MTPA refinery, 3,500+ retail network, 58 MTPA captive port and 1,000 MW captive power plant
  • Essar Oil now operates as Nayara Energy


US $910 MN

Monetisation of Aegis

  • Essar acquired Aegis in 2003 and grew it ten folds to a global BPO major through 19 acquisitions
  • In 2014, Essar sold Aegi’s US and Philippine operations for US $610 mn
  • In 2017, Essar sold Aegi’s operations in nine other countries to Capital Square Partners for US $300 mn

US $350 MN

Monetisation of Equinox Realty

  • Equinox Realty owned 10 acres of commercial land in Bandra-Kurla, Mumbai, where it developed 1.25 mn sq. ft of prime office space
  • In 2018, Essar sold Equinox to Brookfield Asset Management, a global leader in the real estate sector


US $6 Billion

  • Essar Steel is one of India’s largest integrated steelmakers, with a 10 MTPA steel complex
  • Operations include mining, pellet-making (20 MTPA), steel-making, downstream and retail
  • Makes over 300 specialised grades of steel for various end-user industries
  • As valued through IBC process*
*Valued at US $6bn (Rs 42,000 cr)