Subrata Roy Son, Biography, Family, Wife, Daughter, Fast Facts

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Name: Subrata Roy

Profession: Industrialist

Birthdate: June 2, 1955

Birth Sign: Gemini

Birthplace: Missoula, MT

Wife: Swapna Roy

Death Date: 14 November 2023

Age at Death: 75 Years

Death Cause: Cardiorespiratory Arrest

Subrata Roy served as the Managing Worker and Chairman of Sahara India Pariwar.

He published several books, including “Shanti, Sukh: Santushti,” “Maan, Samman, Atmasamman,” “Life Mantras,” and “Think With Me.”

Received the Baba-E-Rozgar Award (1992) and Udyam Shree (1994).

Honored with the Karmaveer Samman (1995) and the National Citizen Award (2001).

Awarded the Best Industrialist Award (2002) and Businessmen of the Year Award (2002).

Received the Global Leadership Award (2004) and ITA – TV Icon of the Year 2007.

Conferred with the Vishisht Rashtriya Udaan Samman (2010) and Vocational Award for Excellence (2010).

Named Business Icon of the Year at the Powerbrands Hall of Fame Awards in London (2011).

Awarded an Honorary Doctorate in Business Leadership from the University of East London (2013).

Received an Honorary Degree of D. Litt. by Lalit Narayan Mithila University, Darbhanga.

Founded Sahara India Pariwar in 1978, a conglomerate with diverse business interests.

The company operates globally in financial services, construction, mass media, retailing, IT services, hospitality, health care, education, and automobile sectors.

Sahara India Pariwar is headquartered in Lucknow, India, and employs over 1.4 million people worldwide.

Subrata Roy was born on June 10, 1948, in Araria, Bihar, India.

He passed away on November 14, 2023, at the age of 75, in Mumbai, due to cardiorespiratory arrest.

Married to Swapna Roy, he is survived by his sons, Sushanto Roy and Seemanto Roy.

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Born in Araria, Bihar, in 1948, Subrata Roy was the founder and chairperson of Sahara India Pariwar.

He embarked on his entrepreneurial journey in 1976 with just Rs 2,000.

Roy played a pivotal role in building an empire that left an indelible mark on Indian business history.

Sahara Finance, a chit fund company, marked his initial foray into business in 1976.

In 1978, he took charge and revamped Sahara Finance, drawing inspiration from the Peerless Group.

Under his leadership, Sahara India Pariwar evolved into one of India’s largest conglomerates.

The conglomerate claimed to employ around 1.2 million people at its zenith.

Sahara India Pariwar asserted having over 9 crore investors, representing approximately 13% of Indian households.

Subrata Roy’s ambitious projects included Aamby Valley City, a notable addition to the Indian business landscape.

The Sahara group made significant acquisitions, such as the Grosvenor House Hotel in London and the Plaza Hotel in New York City.

Ventures like Sahara TV (later renamed Sahara One) and the Hindi language newspaper Rashtriya Sahara marked the group’s strides in the media industry.

Despite controversies, including the Sahara Scam, Roy’s impact on the Indian economy was profound.

The Sahara Scam involved allegations of fund mismanagement totaling Rs 24,000 crore.

In 2011, SEBI directed two Sahara companies to refund money raised from investors through Optionally Fully Convertible Debentures (OFCDs).

The legal battle resulted in Roy’s arrest in March 2014, with subsequent time spent in Tihar Jail.

He faced criticism for controversies that tarnished the reputation of the Sahara group and himself.

Despite setbacks, Roy’s Sahara group remained a household name with a global presence.

Aamby Valley City and acquisitions like Grosvenor House Hotel showcased Sahara’s global ambitions.

Sahara TV (later Sahara One) and Rashtriya Sahara contributed significantly to the media industry.

Roy’s humanitarian efforts included contributions to disaster relief during the Uttarakhand floods.

He supported the families of Kargil War martyrs, showcasing a commitment to social responsibility.

Subrata Roy’s life story serves as a testament to the complexities of ambition and power.

He faced the consequences of corporate governance in India’s evolving economic narrative.

Roy’s larger-than-life status involved hosting lavish events and associating with celebrities and politicians.

Subrata Roy passed away on November 14, 2023, in Mumbai, at the age of 75, following a prolonged illness.