Subrata Roy was an Indian businessman and the founder of the Sahara India Pariwar, a major business conglomerate with diversified interests. He 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.
Subrata Roy’s Career
Subrata Roy started Sahara India Pariwar in 1978 as a small company dealing in finance. Over the years, the group expanded its operations into various sectors such as real estate, media and entertainment, hospitality, aviation, and more. Sahara became one of the largest employers in India with a vast network of investors and clients.
Subrata Roy’s Family and children
Subrata Roy keeps his personal life relatively private, and details about his family are not widely known. However, it is known that he is married and has two children – Sushanto and Seemanto.
Sushanto Roy has been associated with Sahara India Pariwar, and Seemanto Roy has been involved in various business ventures of the group.
Subrata Roy’s Empire
Sahara India Pariwar, the conglomerate founded by Subrata Roy, is a vast empire with interests in multiple sectors. The group has been involved in businesses such as finance, real estate, media and entertainment, hospitality, retail, and more. Sahara has been a prominent player in the Indian business landscape.
Subrata Roy’s Scam Allegations
Subrata Roy and the Sahara Group faced legal troubles and controversies related to financial irregularities. In 2014, the Securities and Exchange Board of India (SEBI) ordered Sahara to repay billions of dollars to investors, alleging that the group had raised funds through financial instruments that were later declared illegal. Subrata Roy was arrested in 2014 but was released on parole in 2016.
Subrata Roy’s Sahara Sheher
Sahara Sheher typically refers to the Sahara Shaher project, a township project initiated by Sahara India Pariwar. The project aimed to create self-sustained townships with residential, commercial, and recreational facilities.
Subrata Roy’s net worth
In 2013, he reported having assets totaling approximately 50 million rupees ($915,200).