Essar Global Fund Limited 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 & Mining, Infrastructure (comprising ports and EPC businesses) and Services (comprising shipping, retail and BPO businesses).
The aggregated revenues of the Fund’s portfolio companies total US$24 billion. The companies employ over 60,000 people across 29 countries, and have a global footprint that includes operations and customers in Asia, Africa, Europe and the Americas.
Essar began as a construction company in 1969 and diversified into manufacturing, services and retail. Over the last four decades, 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.
Essar businesses invest significantly in the latest technology to drive forward and backward integration, and on leveraging synergies between each other. They also focus on in-house research and innovation to be low-cost manufacturers with high quality products and innovative customer offerings.
Alongside its ambitious business pursuits, all Essar businesses are committed to social responsibility. Through the aegis of the Essar Foundation, they run community outreach initiatives in all their plant locations, with a focus on education, healthcare, environmental and agricultural development, and self-employment. The businesses are also committed to sustainable business practices. Their HSE (Health, Safety and Environment) management systems are at par with global standards. Many of their projects generate CER (Certified Emission Reduction) credits and are compliant with CDM (Clean Development Mechanism). Essar businesses are also certified to international environment standards, like ISO 9001 /14001, and health and safety standards, like OHSAS 18001.