Ravi Ruia is an Indian businessman and a billionaire. In 2007, Shashi and his brother Ravi were ranked as the 86th richest billionaires in the World. Ravi Ruia is the Vice Chairman of Essar Group. He has played an important role in steering the Essar Group to its pre-eminent position.

Shashi's sons Prashant & Anshuman work in the group; Ravi's daughter Smiti publishes Time Out in Mumbai.