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Subrata Roy Passes Away At 75, After Prolonged Illness; Nation Mourns The Loss Of Sahara Group Founder- Read REPORTS

Sahara Group founder Subrata Roy breathed his last on Tuesday night in Mumbai at the age of 75 due to a cardiorespiratory arrest

Aashna Nadkarni

Wed Nov 15 2023, 11:55:20 4252 views
Sahara Group founder Subrata Roy has left for his heavenly abode at the age of 75. He breathed his last on Tuesday, November 14 at 10:30 pm in a hospital in Mumbai. His death was confirmed by a statement released by the Sahara group. He passed away after battling a prolonged illness. He was admitted to the Kokilaben Hospital days earlier after his health declined.

Shedding light on his deteriorating condition, the statement revealed that Roy passed away due to “cardiorespiratory arrest following an extended battle with complications arising from metastatic malignancy, hypertension, and diabetes.” The statement further added, “He was admitted to Kokilaben Dhirubhai Ambani Hospital & Medical Research Institute (KDAH) on 12th November 2023, following a decline in health.” 

Netizens and admirers have taken to their social media platforms to mourn the loss of the visionary leader. From sportspersons to actors and politicians everyone has extended their heartfelt condolences. 

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Born in Bihara, Araria, Roy established a vast empire that spanned various sectors including finance, media, hospitality and real estate. He ventured into business in Gorakhpur before taking over Sahara Finance, in 1976. He went on to transform it into Sahara India Pariwar, one of India’s largest conglomerates. From launching a Hindi newspaper, and television channels to making waves internationally with iconic properties like London's Grosvenor House Hotel and New York City's Plaza Hotel, he took the business to new heights.

Despite the success of the business, the late businessman also faced legal charges. In 2014, the Supreme Court of India ordered his detention as he had failed to appear on court during his dispute with Securities and Exchange Board of India (SEBI). As per a report by India Today, this had led to him spending time in Tihar Jail and then being released on parole. This however did not stop him from expanding his company.
Image Source: Twitter

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