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HomeCURRENT AFFAIRSBUSINESSBreaking! Subrata Roy, Founder of Sahara Group, passes away at the age...

Breaking! Subrata Roy, Founder of Sahara Group, passes away at the age of 75 in Mumbai

It is sad to share with you that, in a tragic turn of events, 75-year-old Subrata Roy, the visionary founder of the prestigious Sahara Group, has passed away.

The founder of the Sahara India group, Subrata Roy, passed suddenly at the age of 75 following a protracted illness. After his health began to deteriorate, he was admitted to Kokilaben Dhirubhai Ambani Hospital & Medical Research Institute (KDAH) on November 12, 2023. Subrata Roy, who was born in Bihar’s Araria on June 10, 1948, built a huge conglomerate encompassing the media, hotels, real estate, and banking.

Sahara India Pariwar releases statement

The news was shared by Sahara India Pariwar in a statement which read, ” 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.”

The group further added, “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.”

Education and Business

Roy’s adventure started with his mechanical engineering degree from Gorakhpur’s Government Technical Institute. Before taking over Sahara Finance, a faltering chit fund company, in 1976, he dabbled in business in Gorakhpur. He turned it into Sahara India Pariwar by 1978, and it went on to become one of the biggest corporations in India.

Roy oversaw Sahara’s expansion into some industries. Initiating the massive Aamby Valley City project near Pune in the late 1990s, the firm also entered the television arena with Sahara TV, which was eventually renamed Sahara One. In 1992, the group created the Hindi-language newspaper Rashtriya Sahara.

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