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SUNRAYS Yacht – Exquisite $150M Superyacht

The $150 million superyacht features an interior design by Terrence Disdale, with an exterior penned by Bjorn Johannsson.

The yacht is at the forefront of comfort and luxury and was delivered in 2010 from the Oceanco shipyard.

SUNRAYS yacht interior

English designer Terence Disdale penned the interior design of the SUNRAYS yacht. The interior has an abundance of space with amenities that provide a luxurious yachting experience for guests.

The interior is refined and opulent, with a dedicated dance floor, spa, and beauty salon with various treatments available.

The pampering doesn’t stop there; a steam room, a plunge pool in the sun, and a well-equipped gym are available on board.

The deck jacuzzi allows guests to soak up the bubbles in style. The beach club is an impressive feature of the yacht opening onto the water for fun in and out of the water. SUNRAYS features a spacious pool onboard.

The entrainment continues with the extensive toys on board the superyacht. There is a wide selection of action-packed toys for guests to choose from, from waterskis, scuba diving equipment, wakeboards, kayaks, and wave runners.

She is truly the best combination of luxury and action-packed adventure on the water. Details on board the yacht that gives her a luxurious feel are a glass and stainless steel cylindrical elevator.

There is accommodation for 12 guests in 9 suites. The rooms consist of a master suite, three VIP cabins, two double cabins, and two twin cabins.

Accommodation for 27 crew members allows the yachting experience to be the height of luxury.

The exterior of the SUNRAYS yacht was designed by Bjorn Johansson , with inspiration taken from his earlier award-winning design for the yacht Mirage.

She features sleep and elegant lines that create the impression of a dagger that represents power and strength.

The teal hull is steel, with a cream aluminum superstructure. The hull and superstructure are an eye-catching feature of the yacht.

She was built by Oceanco and delivered in 2010. She underwent a refit in 2018. The exterior also features impressive underwater lights that illuminate her throughout the night.

Specifications

The 85.5m yacht has a beam of 13.8m and a draft of 3.95m. SUNRAYS has a volume of 2867 gross tons and is powered by twin MTU engines.

She has a cruising speed of 14 knots and reaches a maximum of 20 knots.

SUNRAYS features anchor stabilizers that provide exceptional comfort levels for guests by reducing the rolling motion of the yacht on the water.

She has a range of 6000 nautical miles. The $150 million vessel has an annual running cost of $10 – $15 million.

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SUNRAYS yacht in Gibraltar

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What You Didn’t Know About Shashi & Ravi Ruia

Image courtesy: Reuters and BCCL

We know the Ruia’s own the Essar Group, a multinational conglomerate. Chairman Shashi Ruia and Vice Chairman Ravi Ruia together conduct operations in 20 countries over five continents. We also know that they are worth $15.8 billion dollars. But what do these billionaires do with all their spare time and money? We take a look at a few lesser known facts about the Ruia brothers.

Vacation Hotspot : Like all other billionaires, they too have a favourite holiday destination. The Ruia brothers are known to regularly take off and travel to the South of France for many a weekend.

Fairytale Wedding : The wedding of Ravi Ruia’s daughter Smiti was one of the biggest in Mumbai. Besides family friend Sir Richard Branson, 4000 other guests were in attendance. Amongst these were the Ambani’s, Mr. L. K. Advani, the Birla’s and Vinod Khanna. And it only got bigger. Performing at the wedding were Richard Marx, Gypsy King, and DJ Aqeel.

Transport Tales : The 21-storey company headquarters, Essar House in Mumbai, is the first corporate headquarters in India to have a helipad. Speaking of which, they own a few helicopters ofcourse; the Sikorsky S76.

Real Estate : The Ruia’s have homes in Mumbai, London as well as a farm in Gujarat. But what truly announced their arrival into the billionaire league is their home on Tees January Marg in New Delhi. Bought for Rs 92 crore, this 2.24 acre property boasts of a swimming pool and a signature colonial lawn. This new property also placed the Ruia’s about a kilometer away from homes of the Birla’s, the Mittal’s, and the Singhania’s to name a few.

Super Yacht : No billionaire is complete without his or her own fancy yacht! And Ravi Ruia’s yacht Sunrays is just that. The 280 foot teal and white yacht accommodates 16 guests and possesses three VIP suites, four guest cabins and one owners suite. The interiors of the yacht feature a collection of rare finishes including hand carved doors, mother of pearl, crushed shell and various suedes and leathers.

What’s in a Name : Ever wonder how billionaires come up with the names for their companies that the whole world now knows them by? The name of this world-renowned multinational, Essar, is a derivative of the initials of the two brothers first names.

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Billions pour in for India's insulated superclass

B rothers Shashi and Ravi Ruia and Shashi's son, Prashant, have been busy. They have just spun out the power and oil interests from their sprawling Essar conglomerate, one of India's largest, and floated it on the London stock market as Essar Energy, in the biggest UK listing in more than two years. The £1.2bn float got off to a shaky start, with shares tumbling 7.2% on the first day, but will propel Essar into the FTSE 100 index at its next reshuffle.

The Ruia family's bank account may get another boost from Vodafone, which in  2007 made the leap into the Indian mobile telecoms market, buying two-thirds of an Indo-Hong Kong corporation, Hutchison Essar. The British group now has to decide whether to exercise an option to buy out the Ruias' 33% stake in Vodafone Essar for at least £3.3bn.

The money keeps rolling in for  the Ruias, one of India's wealthiest and most powerful dynasties. Collectively the family ranks 40th on Forbes' Rich List 2010, with a fortune of £8.6bn drawn from interests spanning steel, energy, power and shipping.

Indian names now figure prominently on the league tables of the wealthiest people on the planet. The country boasts 47 billionaires, up from 12 in 2005 and just nine at the turn of the millennium, compared with 10 in France and 35 in Britain. The highest-ranking Indian in the Forbes rankings is Mukesh Ambani, the world's fourth-richest man with £19bn. Ambani's flagship company, Reliance Industries, inherited from his father Dhirubhai, is India's largest privately run firm with annual turnover just shy of £30bn. He is reported to have recently spent £650m building a 27-storey house in the upmarket Mumbai district of Malabar Hills, complete with helipad, lavishing a further £40m on a private jet said to be for his wife, Nita.

Mukesh's younger brother Anil, owner of telecoms giant Reliance Communications, is worth £9bn, ranking him 36th worldwide, just beneath George Soros, but ahead of Microsoft co-founder Paul Allen. Further down the list are such luminaries as Sunil Bharti Mittal, founder of Bharti Airtel, India's largest (and the world's third-biggest) mobile telecoms firm, and Kumar Birla, a commodities tycoon worth £5.2bn. Between them, these tycoons and a few dozen others make up the elite that owns India.

They have been compared with great US capitalists of the 19th and early 20th centuries such as John D Rockefeller, who made his fortune in oil, John Pierpont (JP) Morgan, who dominated corporate finance, and steel magnate Andrew Carnegie.

Unlike their American counterparts, no single member of India's industrial and financial superclass exerts a nationwide grip on a sector or commodity, but many boast virtual local monopolies, with entire industries divided up and profitably parcelled out among the country's jet-set. Many hang out at opulent clubs such as the Bombay Gymkhana, holiday in London, Dubai or New York, and rub shoulders with Bollywood film stars in swish Mumbai nightclubs.

India is a key member of the so-called "Bric" nations – standing for Brazil, Russia, India and China – a term coined by Goldman Sachs to describe what they see as emerging superpowers.

Though not immune from the credit crunch, India has come through relatively well. But compare the opulence enjoyed by the ruling commercial elite with a very different India, a nation founded on the communistic principles of Mahatma Gandhi. While the rich few shelter in gated communities safeguarding their billions, the masses live in cramped communal apartments – if they are lucky – or in the press and heat of the city streets if they are not. More than three-quarters of the country's 1.2 billion people have to get by on less than £1.30 a day, double the level of poverty seen in China.

Seen up close, this world of total financial extremes is disturbing. The Ruias, cocooned in their personal tower block soaring over Mumbai's majestic racecourse, can enjoy panoramic views of the city; even the air they breathe is fragrant and untainted. But nearby, in a morass of slums where households live cheek by jowl, I met a family sheltered under a flimsy tarpaulin against the lashing of a monsoon. The father told me they had been there "many, many years".

The Ruias and their fellow billionaires provide regular employment to tens of thousands of workers and – in recent weeks at least – have also kept a few hundred City of London bankers, auditors and lawyers in gainful employment. Their wealth and enterprise has helped push India's economy into the global big leagues. Gross domestic product here is tipped to rise by 8-10% each year for the rest of the decade, figures the UK can only dream about. And many of the country's wealthiest people are also philanthropists, notably Ratan Tata, owner of steelmaker Corus and luxury British car marques Jaguar and Land Rover. Two-thirds of the equity of Tata's holding company, Tata Sons, is held by a network of charitable firms channelling profits into worthy causes.

But the divide between rich and poor remains. Sir Mark Tully, the respected former BBC Delhi bureau chief, says that while absolute poverty levels have come down in recent years, huge concerns remain over the yawning wealth divide: "There are some very rich people indeed, but the vast number of people are struggling. There is great concern that the gap between the rich and the poor is not narrowing fast enough, and that's why India's premier, Manmohan Singh, talks about inclusive growth."

Critics are also exercised by the  virtually uncircumscribed power the financial elite wield both in industrial and political circles. Leading businessmen (they are almost always men) can change rulings in the Lok Sabha, the lower house of India's parliament, almost at will. Allegations of corruption are repeatedly aimed at the police, the judiciary and professional sport – witness the controversies surrounding Lalit Modi, a top cricket official and creator of the hugely popular Indian Premier League, and the sale of 3G telecom licences.

Many worry about a backlash against the extremely wealthy and their activities. In recent years, riots in areas such as West Bengal highlight the level of public anger felt at the appropriation of agricultural land for factories, real estate and shopping malls.

On 5 April, writing in the Indian newspaper DNA , activist-artist Mallika Sarabhai lambasted the government for failing to crack down on corruption and collusion, asking the pointed question: "Who will fight the robber barons pillaging India?"

A plethora of protectionist rules – many established by the political elite and reinforced by business moguls – makes it difficult if not impossible for foreign companies to do business on a serious scale in India. Lord Desai, the Gujarat-born British economist and Labour peer, highlights the difficulties facing any foreign business: "India's political elite is still very xenophobic – they still look back to colonisation and the imperial past. They don't want foreign businesses to come in, and local businessmen gain from having these obstacles put in place."

The occasional global player, such as Vodafone and IBM, makes it through the net, but most are stopped at the gates. Tesco boasts a huge presence in many Asian markets – notably China, where it is growing in leaps and bounds – but has struggled to get its local joint venture off the ground in rural India. Foreign corporations are constantly stymied by nebulous regulations that favour local interests.

Contract talks can open and close any number of times before anything gets done, while most laws are only semi-developed. "The laws on foreign investment are improving," notes Desai, "but it would help everyone if India would clarify its business laws a bit better. It will take a long time before India gets anywhere close to the likes of the UK, with its transparency and sense of playing by the rules."

In its 2010 Ease of Doing Business report, the World Bank ranked India 133rd out of 183 nations. The UK ranked fifth, behind only Singapore, New Zealand, Hong Kong and the United States. In terms of enforcing contracts, India ranks bottom of every country in the world bar tiny East Timor.

Such statistics rarely bother the country's comfortable political classes, let alone a financial community that continues to reap vast profits from a fast growing and largely closed economy – whether in mobile telecoms, steel, shipping, energy or power. Or, in the case of the Ruia family and many of their billionaire peers, all of the above.

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Indian billionaire Ravi Ruia buys Russian-linked London mansion for £113m

Hanover lodge in regent’s park has been associated with gazprom subsidiary boss andrey goncharenko.

Hanover Lodge in London's Regent's Park. Getty

In a sale that was never likely to make even the most exclusive of property websites, Indian billionaire Ravi Ruia has bought Hanover Lodge, a 25,800-square-foot mega mansion in London's Regent's Park.

According to sources, the Ruia family bought the property from an offshore company based in Gibraltar.

The Financial Times newspaper reported that Land Registry records show that Andrey Goncharenko, the Russian property investor and chief executive of the Gazprom subsidiary Invest Yug, bought the property’s outstanding lease 11 years ago from Conservative peer Raj Kumar Bagri for £120 million.

According to the Land Registry, the leasehold has been owned by the Gibraltar-registered company, Green Palace Gardens, since 2012.

The freehold is owned by the Crown Estate, the portfolio of properties that is best described as the publicly owned lands of the sovereign.

King Charles III, while owner of the Crown Estate, has no management or administrative role over it, but does derive an income from it.

The Hanover Lodge mansion, which – at 150 Park Road on the Outer Circle in Regent's Park – is next door to the Regent's Park mosque, was the residence of the French ambassador to the UK at one time.

Mr Ruia and his family made their fortune from the Essar conglomerate, which has $8 billion in assets under management. He founded the company with his brother Shashi in 1969 in southern India.

From their first contract building a breakwater in the port of Chennai, the business is now in 15 countries in sectors including metal, mining, infrastructure and energy.

'Rarity is the key'

The ultra-prime high-end of London's property market still retains a certain secrecy, despite laws introduced last year that require offshore companies that own property in England and Wales to name their ultimate owner in a register of overseas entities.

Nonetheless, it seems that activity at the extremely high end of the London property market remains robust, simply because the demand is perennial.

What keeps deals and prices active is the matching of that demand with a very small supply of ultra-prime trophy properties at the high-end.

“The rarity is the key to this,” Trevor Abrahmsohn, managing director of Glentree International told The National .

“As Mark Twain said, they're not building any more land. For instance, I've got a sovereign buyer that's looking to spend up to £500 million on a property.

“So, it's not the buying strength necessarily. It's the availability of the property, which is rare.

“Supply is ridiculous. But they do come up very occasionally. And there will always be a buyer for it.”

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Indian billionaire Ravi Ruia buys Hanover Lodge in London worth $145 million; know about his lifestyle & net worth

The london mansion is linked to russian property investor andrey goncharenko..

Ravi Ruia, an Indian billionaire and co-owner of Essar Group has recently invested in a luxurious mansion ‘Hanover Lodge’ in London. It is one of the most expensive deals in the recent year, as per Bloomberg reports. The opulent modern palace has a whopping price of $145 million.

Essar Group is a multinational conglomerate and one of the leading players in the sectors of steel , oil and gas, power, communications, shipping, ports and logistics , and minerals. 

Ruia’s office bought mansion overlooking Regent’s Park at 150 Park Road in July from a Gibraltar-incorporated holding company that was selling the mansion, according to Bloomberg  reports.

The mansion was previously owned by former deputy CEO of Gazprom Invest Yug, a subsidiary of the Russian state-run energy firm, Goncharenko . He bought the property’s outstanding lease in 2012 from Conservative Party peer Rajkumar Bagri for £120 million (Rs1,264 crore) about two years ago.

William Rego, Ruia office spokesperson in an exclusive with Bloomberg stated that, “The property is under construction and became available at a price which makes it an attractive investment for the family office.”

The owners of Essar group — Shashi and Ravi Ruia started the company is 1969 and had an estimated net worth of $2.2 billion in 2021, as per Forbes. In 2012, they were given the title of the world’s richest Indians. The siblings sealed a long-pending deal in August 2017 to sell their Essar Oil assets to Russian oil-producer Rosneft for whopping $13 billion. This transaction was then Russia’s largest ever foreign investment, as well as India ’s largest Foreign Direct Investment.

Ruia headed Essar’s globalization plans, including new ventures in South East Asia, Africa, and the Middle East. He has received Business India Businessman of the Year Award 2010. In 2013, he was awarded with the Outstanding Contribution to Sustainability award at The Asian Awards.

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₹ 1,190 crore Hanover Lodge mansion in London" data-reg = "Billionaire Ravi Ruia buys ₹ 1,190 crore Hanover Lodge mansion in London: Report">Billionaire Ravi Ruia buys ₹1,190 crore Hanover Lodge mansion in London: Report

Former deputy chief executive officer of Gazprom Invest Yug -- a subsidiary of the Russian state-run energy firm -- Goncharenko owned the mansion as recently as two years ago.

Billionaire Ravi Ruia bought a ₹ 1,189 crore($145 million) London mansion linked to Russian property investor Andrey Goncharenko in one of the UK capital’s biggest residential deals in recent years, Bloomberg reported on 22 July.

Ruia's family office purchased the Hanover Lodge mansion overlooking Regent’s Park at 150 Park Road in July through a sale of the home’s Gibraltar-incorporated holding company, the report added.

Former deputy chief executive officer of Gazprom Invest Yug -- a subsidiary of the Russian state-run energy firm -- Goncharenko owned the mansion as recently as two years ago. He bought the property’s outstanding lease in 2012 from Conservative Party peer Rajkumar Bagri for £120 million ( ₹ 1,264 crore).

"The property is under construction and became available at a price which makes it an attractive investment for the family office," Bloomberg quoted William Rego, a spokesperson for the Ruia family office, as saying.

According to a report from broker Knight Frank, 17 percent of individuals globally with a net worth of $30 million or more bought at least one home in 2022.

The latest deal highlights the secrecy that still exists in London’s ultra-prime property market, even after the UK attempts to bring more transparency through a register for overseas entities launched last year.

With agency inputs.

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Indian billionaire ravi ruia buys russian-linked london mansion for rs 1200 crore.

The family office of Ruia, who co-owns investment firm Essar Group, purchased the Hanover Lodge mansion overlooking Regent’s Park at 150 Park Road this month through a sale of the home’s Gibraltar-incorporated holding company, according to a person familiar with the matter.

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