Essar began as a construction company in 1969 and has diversified into manufacturing, services and retail over the years since then. Over the last decade, it has grown through strategic global acquisitions and partnerships, or through greenfield and brownfield development projects, capturing new markets and discovering new raw material sources.Today, Essar continues to expand its global footprint, focusing on markets in Asia, Africa, Europe, the Americas and Australia. Essar invests significantly in the latest technology to drive forward and backward integration in its businesses, and on leveraging synergies between these businesses. It also focuses on in-house research and innovation to be a low-cost manufacturer with high-quality products and innovative customer offerings.Essar Global Fund Limited (“Essar Fund”) is an investment fund managed by its investment manager Essar Capital Limited. The Fund is a global investor, controlling a number of world-class assets diversified across the core sectors of energy, metals and mining, infrastructure (comprising ports and EPC businesses) and services (primarily comprising shipping and BPO businesses). The aggregated revenues of the Fund’s portfolio companies total US$35 billion. The Fund’s portfolio companies employ over 60,000 people across 29 countries, and have adopted international standards of health, safety, environmental protection and corporate governance.
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