Team Blitz India
NEW DELHI: Subrata Roy, the founder of Sahara India Pariwar, passed away in Mumbaion November 14. He was 75.
In a statement, the Sahara group said, “Saharasri ji an inspirational leader and visionary, passed away on 141h November 2023 at 10.30 pm due to cardiorespiratory arrest following an extended battle with complications arising from metastatic malignancy.
“He was admitted to Kokilaben Dhirubhai Ambani Hospital & Medical Research Institute (KDAH) on 12th November 2023, following a decline in health.”
Bornon June 10, 1948, in Araria, Bihar, Roy was a prominent figure in the Indian business landscape, having established a vast empire that spanned various sectors including finance, real estate, media, and hospitality.
Roy’s journey began with his education in mechanical engineering from the Government Technical Institute in Gorakhpur. He ventured into business in Gorakhpur before taking over Sahara Finance, a struggling chit fund company, in 1976. By 1978, he had transformed it into Sahara India Pariwar, which would grow to become one of India’s largest conglomerates.