Founder of the Sahara Group
Subrata Roy, the founder of the Sahara Group headquartered in Lucknow and formerly a prominent figure in India Inc, passed away on Tuesday at 10:30 pm in Mumbai's Kokilaben Dhirubhai Ambani Hospital following an extended period of illness.
End of an era
The demise of Roy signifies the conclusion of an era that commenced when he joined Sahara Finance, a struggling chit fund company in Gorakhpur, in 1976. Within two years, he took over the company, successfully transforming it and laying the foundation for what would eventually evolve into the Sahara empire.
Legacy of Subrata Roy
Roy, hailing from Araria, Bihar, was born on June 10, 1948. As a first-generation entrepreneur, he ventured into a variety of industries, including finance, real estate, aviation, media, healthcare, and hospitality.
Sahara Group Mourns Loss
"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," the Sahara Group said.
Host to celebrities
Subrata Roy would play host to celebrities from across the world — from the former US president Bill Clinton to tennis great Boris Becker and soccer legend Bobby Charlton.