Sad news came on the 14 November 2023 night on the death of Subrata Roy, Sahara India Pawar Chief. Roy died at the age of 75 due to a Cardiorespiratory arrest.
The Sahara group stated that Saharasri, an inspirational leader and visionary, passed away on 14 November 2023 at 10.30 pm due to cardiorespiratory arrest following an extended battle with complications arising from metastatic malignancy, hypertension, and diabetes.
He admitted to Kokilaben Dhirubhai Ambani Hospital & Medical Research Institute (KDAH) due to a decline in health on 12 November 2023.
Roy was born in Araria, Bihar in 1948. He was a superior character in the Indian business terrain who settled a broad kingdom that traversed sectors such as Media, Finance, Hospitality and Real Estate.
Roy finished his schooling in Mechanical Engineering from the Government Technical Institute of Gorakhpur. In 1976, Subrata initiated his business in Chit Fund Company in Gorakhpur before the handling of Sahara Finance. The company later transformed into Sahara India Pariwar in 1978. It would grow as one of India's Largest Conglomerates.
In 1992, the Sahara group introduced Rashtriya Sahara- a Hindi lingual newspaper. Then, it entered the television space with a Sahara TV name that later changed into Sahara One. The group started the Amby Valley City Project in the late 1990s near Pune. Sahara made global headlines in 2000 with iconic properties- London's Grosvenor House Hotel and New York City's Plaza Hotel.
Sahara India Pariwar is considered to be the second-largest employer in India after the Indian Railways. It promoted the workforce of around 1.2 million individuals. The group also express a considerable part of Indian households, with the figure to have more than nine crore investors.
They met with a lot of legal challenges in Roy's life. In 2014, the Supreme Court ordered his detention as he failed to appear in court because of a conflict with SEBI (Security And Exchange Board Of India).
This resulted in a long legal battle for Roy, and for this, he also spent time in the Tihar jail and was finally released on parole.
The lawful issues had never impacted his contributions to the business globe. He marked with various awards and achievements. The awards include an Honorary Doctorate from the University Of East London and the Business Icon Of The Year Award in Business Leadership from the Powerbrands Hall Of Frame Awards.