Talent Retention Strategy at Essar Group

  
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Case Details:

Case Code: HROB146
Case Length: 12 Pages
Period: 2010-2011
Organization: The Essar Group
Pub Date: 2011
Teaching Note: Not Available
Countries: India
Industry: Diversified

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This case study was compiled from published sources, and is intended to be used as a basis for class discussion. It is not intended to illustrate either effective or ineffective handling of a management situation. Nor is it a primary information source.

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About Essar Group

The Essar Group was founded in 1969 by brothers Shashi Ruia (Shashi) and Ravi Ruia (Ravi). The foundation for the modern Essar Group was laid in the 1950s, when Nand Kishore Ruia, father of Shashi and Ravi, left Rajasthan to establish his own business in Chennai (then known as Madras), in the southern Indian state of Tamil Nadu. The Ruia family stuck to their trading roots, starting an export business for the region’s iron ore mining industry.

By 1966, the Group had added many services, including transporting the iron ore from the mines to the region’s ports. By the end of the decade, the Ruia family had also entered the construction contracting market.

After the death of Nand Kishore Ruia, the family business was controlled by his two sons who developed it into one of India's most successful and most diversified conglomerates. With the gradual liberalization of the Indian economy, Essar seized every opportunity that came its way during the 1990s. Over the years, the Group focused on global expansion with projects/investments in Canada, the US, Africa, the Middle East, the Caribbean, and South East Asia. According to experts, the Essar Group was widely regarded as a responsible and conscientious global employer...

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