Sahara Group founder Subrata Roy dies at 75
Subrata Roy, the founder of the Sahara Group, died in Mumbai after a prolonged illness. He was 75. He was admitted to Kokilaben Dhirubhai Ambani Hospital & Medical Research Institute (KDAH) on Sunday following a decline in health.
Sahara India Pariwar said in a statement, “It is with profound sadness that Sahara India Pariwar informs the demise of our Hon’ble ‘Saharasri’ Subrata Roy Sahara. Saharasri ji an inspirational leader and visionary, passed away on 14th November 2023 at 10.30 pm due to cardiorespiratory arrest following an extended battle with complications arising from metastatic malignancy, hypertension, and diabetes.”
“His loss will be deeply felt by the entire Sahara India Pariwar. Saharasri ji was a guiding force, a mentor, and a source of inspiration for all who had the privilege to work alongside him,” the group said.
Born on June 10, 1948 in Bihar’ Araria, Subrata Roy established a vast empire that spanned various sectors including finance, real estate, media, and hospitality.
Subrata Roy’s journey completed his degree in mechanical engineering from the Government Technical Institute in Gorakhpur. He then ventured into business in Gorakhpur before taking over Sahara Finance in 1976. By 1978, he transformed it into Sahara India Pariwar, which became one of India’s largest conglomerates. The Sahara group launched Rashtriya Sahara- a Hindi language newspaper- in 1992 and later entered the television space with Sahara TV which was renamed Sahara One.
In 2014, the Supreme Court of India ordered Subrata Roy’s detention for failing to appear in court in connection with a dispute with the Securities and Exchange Board of India (SEBI). This led to a prolonged legal battle, which resulted in him spending time in Tihar Jail. He was eventually released on parole.
Subrata Roy Net Worth: Sahara Group Founder’s Assets, Properties
As for Subrata Roy’s recent net worth, specific details are not available. In 2013, he reported having assets totaling approximately 50 million rupees ($915,200).
At that time, Roy disclosed that his assets included gold ornaments and gemstones worth about 30 million rupees, fixed deposits of 15.9 million rupees, and cash and bank deposits of 3.4 million rupees.
Notably, he mentioned having no “immovable property” or real estate at that point.
Next Story :
-
Canada Temple Attack: Pawan Kalyan Calls For Action
![Canada Temple Attack: Pawan Kalyan Calls For Action]()
Amaravathi/Hyderabad, Nov 5 (Maxim News): Describing the attack on a Hindu temple in Canada as “more than an isolated incident.” Andhra Pradesh Deputy Chief Minister Pawan Kalyan has said the incident pained him reply and expressed hope that the Canadian government would take necessary steps to ensure the safety of the Hindu community there.
-
Woman Gang-Raped In Hyderabad
![Woman Gang-Raped In Hyderabad]()
Hyderabad, Nov 5 (Maxim News): A woman was gang-raped by thugs in Maduranagar area of the city. The victim complained to the police that three youths raped her. In the complaint, it is said that she was taken away after telling lies while coming from work.
-
Schedule For Telangana Inter Exam Fee Dates Released
![Schedule For Telangana Inter Exam Fee Dates Released]()
Hyderabad, Nov 5 (Maxim News): The Telangana State Board of Intermediate Education (TSBIE) has released the schedule for the payment of the intermediate Examination fee from November 6 to 26th of this month without a late fee.
-
Salman Khan Gets One More Death Threat
![Salman Khan Gets One More Death Threat]()
Mumbai/Hyderabad, Nov 5 (Maxim News): Bollywood actor Salman Khan has received another threat, a police official said on Tuesday, adding the person who threatened the actor has demanded Rs. 5 crore from him.
Now you can get the latest stories from Indtoday on Telegram every day. Click the link to subscribe. Click to follow Indtoday’s Facebook page, Twitter and Instagram. For all the latest Hyderabad News updates
