Essar Global Fund Limited (“EGFL”) is a global investor, controlling a number of world-class assets diversified across the core sectors of Energy (comprising Exploration & Production, Refining & Marketing and Power businesses), Infrastructure (comprising Ports and EPC businesses), Metals & Minerals, Services (comprising Shipping, and Oilfield services), and Technology (comprising Technology Solutions, Mobile Wallet, Device protection and Customer experience ). EGFL invests long-term capital into the portfolio companies and holds near 100% stake in all its investments. EGFL invests with a sense of active ownership, which involves direct engagement with the management of the respective businesses. The portfolio companies have aggregate revenues of about USD 14 billion and employ over 7,000 people.
Over the last few years, Essar has reduced its groupwide leverage by more than US $20 billion (or over Rs 140,000 crore, about 85 percent of overall debt) through aggressive monetization of some of its key businesses, like Essar Oil, Aegis and Equinox Realty. These businesses were acquired by global majors at record valuations and are a testament to the quality of assets built by Essar.
ESSAR CSR & Sustainability Updates
Sustainability takes center stage in celebration of World Environment Day 2020 on AVID Online!
Avid Learning, where I serve as CEO is the cultural philanthropy arm of the Essar Group and was founded in...
CSR: Essar Foundation launches Sahej menstrual hygiene app
Collaborates with BMC and BEST to distribute 400,000 sanitary napkins in Mumbai slums and police force Essar Foundation, which is...
Sustainability: Essar ensures workplace safety stays above all
Despite COVID-19, Essar keeps the wheels of India’s economy turning As nations across the world put in their best efforts...
CSR: Essar Foundation’s singular focus is on making grassroots impact
The unimaginable has happened! We are living the history that will be told to our future generations for years. Some are...
CSR: Essar Foundation intensifies Covid-19 relief efforts with 2 million meals initiative
In view of the extension of the lockdown in several states, which will prolong the hardships faced by the disadvantaged...
CSR: Essar Foundation to provide 1.25 mn meals for COVID-19 relief
In the wake of the outbreak of the COVID-19 pandemic, Essar Foundation has undertaken the following meal and medical initiatives...
PMAI holds skill development workshop at JSPL, Barbil
Pellet Manufacturers' Association of India (PMAI), a body of iron ore pellet producers, organised a workshop for shop floor operating...
CSR is the tool that helps businesses to partner with civil society, Says Kaustubh Sonalkar, President – HR and CEO – Essar Foundation
MUMBAI: Essar Foundation which is the Corporate Social Responsibility (CSR) arm of Essar, committed to fuelling development of communities around Essar’s...
Kaustubh Sonalkar – CEO of Essar Foundation
The Essar Group, in January 2018, appointed Kaustubh Sonalkar as President-HR, and Chief Executive Officer–Essar Foundation, the CSR arm of...
Essar’s Hazira township goes cashless with The Mobile Wallet
Essar's Nand Niketan Township that became the India’s first private sector township to go cashless with the help of The...
