Mumbai, November 15
Sahara Group Chairman Subrata Roy, who recently passed away in Mumbai at the age of 75, was a stalwart in the business world. Born on June 10, 1948, in Araria, Bihar, India, Roy began his journey as an entrepreneur with the establishment of Sahara India in 1978. Over the years, he played a key role in diversifying the conglomerate into various sectors, including finance, real estate, media, and hospitality.
Roy’s leadership saw the Sahara Group grow into one of India’s largest and most diversified business entities, with a significant presence both nationally and internationally. Under his guidance, the group ventured into sectors such as finance with Sahara India Pariwar, real estate with Sahara Prime City Limited, and media with Sahara India Mass Communication.
However, Roy’s career was not without controversy. In 2014, he was embroiled in legal troubles related to financial irregularities and was detained for a substantial period before being released on bail. This chapter added a complex dimension to his legacy.
Despite the challenges, Subrata Roy remained a prominent figure in India’s business landscape. His philanthropic initiatives, such as the Sahara Welfare Foundation, reflected his commitment to social causes. As we mourn his passing, the business community reflects on the impact and contributions of Sahara Group Chairman Subrata Roy to the corporate world.
