The 75-year-old Chairman of the Sahara India family and a former major figure in the Indian media landscape, Subrata Roy, passed away in Mumbai on November 14, 2023. Roy had earned the honorific Sahara Shri, which was well-known among the group.
Subrata Roy Sahara India Family
In an announcement issued by the Sahara India family, it was stated that around 10:30 PM on November 14, 2023, inspiring leader and media mogul Sahara Shri passed away from cardiorespiratory arrest following a battle with metabolic lethality, hypertension, and problems stemming from diabetes.
Subrata Roy he was admitted to the Kokilaben Dhirubhai Ambani Hospital and Medical Research Institute (KDAH) on November 12, 2023, due to a deterioration in his condition. The Sahara India family is currently worth 31 billion dollars and is involved in financial services, real estate, construction, sports, manufacturing, hotels, and life insurance.
During its heyday, Filmy, Sahara One, and a foreign channel that aired Hindi-dubbed foreign programs were the three Hindi-language networks that Sahara’s media department, Sahara One Media and Entertainment, operated. In Bollywood, Sahara Movie Studio has been involved in co-producing successful movies such as “Sarkar,” “Wanted,” and “Page 3.”
In addition to media, the group operated Sahara Van Motion Pictures, which distributed films in Hindi, English, and Urdu. 2010 saw the start of talks on the purchase of Sahara MJM, however the agreement could not be completed. The Indian Premier League team Pune Warriors India was owned by the Sahara Group, but their media power started to wane. Due to limited viewership, Sahara One UK, which offered free broadcasts in Britain, closed its doors in 2013. Pune Warriors India was dissolved by the Indian Cricket Board in 2013 due to disputes over the franchise price.
According to Reuters, Subrata Roy’s holdings originally included the famous Plaza Hotel in New York, Grossvenor House in London, and the erstwhile Force India Formula One team.
The Indian national cricket team was long sponsored by Sahara Group, but Star India acquired the rights in 2013. The squad currently supports the Uttar Pradesh Wizards in the Hockey India League and the Awadh Warriors in the Indian Badminton League.
When Sahara was ill in 2014, a number of high-ranking officials received resignation requests. In addition, Subrata Roy’s detention was mandated by the Indian Supreme Court due to his role in the illegitimate bond market financing of $3.8 billion. Roy fought a protracted legal battle while incarcerated before being granted parole.
In a post on X, former Chief Minister Akhilesh Yadav paid heartfelt tribute to Subrata Roy, writing, “The demise of Shri Subrata Roy ji is an emotional loss for Uttar Pradesh and the country because, in addition to being a very successful businessman, he was also a very sensitive person with a big heart who helped countless people and became their support.” “A touching tribute!”
Sushanto and Seemanto Roy, Roy’s kids, and his wife Swapna Roy survive him.