Essar Group and the place from where the Ruias fought many a bruising battle will no longer be the hub of group operations. The steel to oil group has shifted its major business functions to a newlyacquired , 400,000 square feet office near Bandra Kurla Complex in an effort to cut costs.

The family managed group, started by brothers Shashi and Ravi Ruia as a construction firm in 1969, has already moved its top CEOs to the new place where two commercial towers have been built adjacent to the Bandra-Kurla complex the city's latest up market address for corporate offices.

Mr Adil Malia Group president (HR) said that "The new complex will serve as a colocation for our businesses, which will benefit from efficient decision making as the CEOs and their teams will be in one location instead of working from varied offices.”

The existing headquarters at Mahalaxmi will now serve as only an office for the promoters, the Ruias, and some senior directors and their teams.

Source - Economic Times

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