Subrata Roy | Business Upturn

Sahara Shri Subrata Roy passes away at 75, nation recalls philanthropy and leadership

Mahita Jain — Wed, 15 Nov 2023 16:14:39 +0000

Sahara India Pariwar’s founder and chairman, Subrata Roy, passed away on Tuesday at the age of 75 in Mumbai after battling a long illness. The demise of the prominent business tycoon has triggered an outpouring of condolences and tributes from various quarters.

Subrata Roy, a visionary entrepreneur, and philanthropist, played a pivotal role in shaping the landscape of business, society, and philanthropy in India. His journey as the founder and chairman of Sahara India Pariwar began in 1978, and under his leadership, the conglomerate expanded its presence across various industries, including finance, real estate, media, and hospitality.

Political leaders, business associates, and sportspersons expressed their sorrow on Subrata Roy’s demise and reflected on his impactful contributions to the nation’s growth. Former Uttar Pradesh Chief Minister and Samajwadi Party leader Akhilesh Yadav conveyed his condolences, emphasizing Subrata Roy’s multifaceted personality. “His demise is an emotional loss for the state and the country because along with being a very successful businessman, he was also a very sensitive person with a big heart who helped countless people and became their support.”

The entertainment industry mourned the loss of a benefactor as well. Veteran actor Anupam Kher shared his memories of Subrata Roy, stating, “Saddened to know about the demise of Sahara Shri Subrata Roy Ji! Met him many times on different occasions! He was always ready to help, kind, and larger than life. May God rest his soul in peace!”

Former Indian cricketer Yuvraj Singh, in a heartfelt tribute, referred to Subrata Roy as a real stalwart. Singh highlighted the Sahara Group boss’s unwavering support during his battle with cancer, stating, “He was one of the few people who stood by me and supported me. He was always very close to me and my family, and someone we looked up to. He was a fighter who despite facing tough times himself, fought with every ounce of his being till the very end. A huge loss and a very difficult void to fill. RIP sir, my prayers for the strength of his family and well-wishers.”

Suresh Raina, another former cricketer, shared his thoughts on social media, remembering Subrata Roy as a great motivator, speaker, and sports lover. Indian badminton star Saina Nehwal also paid tribute, acknowledging his support for sportspersons. “He used to be a great sports lover and supported a lot of sportspersons. Thank you, sir, for all the love and support. You will be missed.”

Subrata Roy’s legacy extends beyond business, as he was known for his philanthropic endeavours. His contributions to various sectors, coupled with his commitment to social causes, earned him respect and admiration. As a leader, he guided Sahara India Pariwar to unprecedented success, establishing it as a major player in finance, real estate, media, and hospitality.

The Sahara Group’s impact on the Indian business landscape is undeniable, and Subrata Roy’s vision and leadership were instrumental in its growth. His ability to navigate challenges and his resilience in the face of adversity set an inspiring example for aspiring entrepreneurs and business leaders.

Subrata Roy’s passing marks the end of an era, leaving a void in the business world and in the hearts of those who knew him. The tributes pouring in from political leaders, business associates, and sports personalities reflect the profound impact he had on diverse spheres of society, making his legacy one that will be remembered for years to come.

Subrata Roy passes away at the age of 75; celebrities pour in their deep condolences

Sheetal Choudhary — Wed, 15 Nov 2023 07:14:29 +0000

Subrata Roy, the founder of Sahara Group has passed away at the age of 75. He was suffering from a prolonged illness and took his last breath at Kokilaben Hospital in Mumbai. The Business tycoon’s demise has sent waves of shock throughout the nation. He was a visionary behind the Sahara India Pariwar company, which was commenced in the year 1978. The company’s headquarters were moved to Lucknow in the 1990s. Roy is survived by his wife Swapna Roy and two sons Sushanto Roy and Seemanto Roy.

Following the death of Subrata Roy, many celebrities took to their social media accounts to share heartfelt condolences. Bollywood actor Anupam Kher took to X (formerly known as Twitter) and penned down a note which read, “Saddened to know about the demise of Sahara Shri #SubrataRoy Ji! Met him many times on different occasions! He was always ready to help, kind and larger than life. May god rest his soul in peace! Om Shanti.”

Veteran actress Manisha Koirala also expressed her deep condolences writing, “The man who never gave up during his struggle life. #RIP Dear Sir.”

Badminton player Saina Nehwal paid tribute to the Businessman through a tweet saying, “He used to be a great sports lover and supported a lot of sportspersons…Thank u sir for all the love and support you will be missed.”

Former cricketer Suresh Raina also articulated his heartwarming consolings. The athlete wrote, “great motivator, speaker and sports lover is no more.”

Filmmaker Madhur Bhandarkar also mourned the demise of Roy. He shared an Instagram story along with Roy’s picture and captioned it, “Sad to hear about the passing of Subrata Roy sir. His infectious energy and zest for life always brightened every room. Was fortunate to have collaborated with his Sahara pic on 2 remarkable films #Page3 and #Corporate. My deepest condolences go out to his family members. #OmShanti.”

Renowned Badminton personality PV Sindhu shared her profound consolation through a tweet saying, “Heartbroken to learn about the passing of Sahara Shri Subrata Roy. Rest in peace, dear uncle. Cherishing fond memories of the time spent with you and aunty every time I visited Lucknow. You always treated me with nothing but love, affection, and respect. My heartfelt condolences to Swapna aunty, the family, and the extended Sahara family during these tough times.”

Subrata Roy was admitted to Kokilaben Dhirubhai Ambani Hospital & Medical Research Institute in Mumbai on Sunday after his health conditions got worse. He passed away on the 14th of November at 10:30 pm.

Subrata Roy Success Story: Early life, business, political connections, achievements and controversies

Chirag Jha — Tue, 14 Nov 2023 21:57:20 +0000

On November 14, Managing Worker and Chairman of Sahara Group (Sahara India Pariwar), Subrata Roy passed away due to cardiorespiratory arrest, caused due to hypertension and diabetes. At around 10:30 pm, he took his last breath. He was under treatment at Kokilaben Dhirubhai Ambani Hospital (KDAH), Mumbai from November 12.

Subrata Roy was a well known business tycoon of India who started his own business decades ago on his own and built Sahara Group, which is a prominent company in varied sectors — including real estate, tourism, and hotel.

So how Subrata Roy managed to develop such a huge company on his own, let us try to figure this out by knowing his journey from the very beginning.

Early life

Subrata Roy was born on June 10, 1948 in Araria district of Bihar. He was born in a simple family. In the year 1978, when he was only 30 years old, he started his small business in Gorakhpur, Uttar Pradesh, with just Rs 2000 in hands. With 2 chairs and one bicycle, he started a small business.

He used to ride on a Lambretta scooter in that time. People close to him then say that he used to carry packets of soap and mixtures (namkeen) on his scooter to sell on streets and local shops.

Slowly, he understood the power of money and started taking investment from low-earning individuals. He took money from individuals and later returned them a healthy amount by making good profit from their money in his business. This way, Roy managed to connect more and more people to his business idea.

Political connections

Even after having good leadership qualities in business sector, Subrata Roy never entered to politics or had any political affiliations. He himself denied that allegations of taking any direct favour from any politician or party in getting quotas or tenders. However, Roy had great political connections, as he understood that having healthy political relations is a key to develop business.

Roy had good relations with then chief ministers of Uttar Pradesh — Veer Bahdur Singh (Indian National Congress) and Mulayam Singh Yadav (Samajwadi Party). Subrata Roy even had strong relations with Samajwadi Party leader Amar Singh.

In 2003, when Samajwadi leader Amar Singh made head of State Development Council, Uttar Pradesh, he included Subrata Roy and his closed ones in the council, during the CMship of Mulayam Singh Yadav.

Glamour and celeb connections

Starting from a small business in Gorakhpur, Subrata Roy established his company at PAN India level. He smartly used the Bollywood celebrities, cricket stars and the world of glamour for advertisement and public relations. Roy even had good terms with veteran actor Amitabh Bachchan and business tycoon Anil Ambani.

Roy even featured many retired judiciary and bureaucrats faces for advertising his company’s products and services. This is how Roy expanded his business to foreign — from London, New York to Bangladesh.

Awards & Achievements

A great business leader, master of strategy and a trained manager, Subrata Roy won several prestigious awards during his life span. Some of them are —

1986- Noble Citizen Award

1994 – Udyam Shree Award

2001 – National Citizen Awards

2002 – Businessman of the Year

2004- Global Leadership Award

2007 – TV Icon of the Year

Controversies

Subrata Roy’s life was full of controversies. He was highly loved by his supporters, while heavily criticised at the same time. He was accused even accused of using black money to build his business, which he always denied. Roy always claimed that he build his business with honesty and never used even a single penny by any malpractice.

Subrata Roy was also trolled for his title ‘Saharsri’.

In the year 2009, Roy made the headlines when non-bailable warrant was issued on him over his alleged controversy with Securities and Exchange Board of India (SEBI) worth Rs 24,000 crore. SEBI had alleged that Roy took money from investors in his two companies, namely Sahara India Real Estate Corporation and Sahara Housing Investment Corporation, which was illegal.

Even after all these controversies, Subrata Roy managed to grab his glamorous personalty, that made him a super human. He is an inspiration to millions who look after him in the business field. After Roy’s death, prominent people from each and every sector expressed their sad feelings.

Subrata Roy, you will always be remembered! RIP!