SPARK OF THE CORPORATE
Some people might not know who the person in the picture is, but I am sure it is hard to find people who do not know the name SAHARA.
Even a novice can say that Sahara is the official sponsor for Indian Cricket Team, we won’t be talking about cricket, but we will try to talk about the achievements in the life of Subrata Roy (As spelled in the Bengali style).
As one of the oldest and successful businessmen for INDIA, he is named among the 10 Most Powerful People of India by India Today.
Subrata Roy was born on 10 June 1948 at Araria (40 km. north to Poornia, Bihar).
He is born to Sri Sudhir Chandra Roy and Srimoti Chhabi Roy. Sri Sudhir Chandra was a mechanical engineer with a transferable job and Srimoti Chhabi Roy is from Bikampur, Bangladesh.
His mother Chabbi Roy along with her brothers migrated to West Bengal in 1947 during partition of Bengal. Subrata Roy studied at Holy Child School in Kolkata.
He was from an upper middle class family. As a child he was always a bright student and went on to hold a diploma in Mechanical Engineering from the Government Technical Institute, Gorakhpur.
Before he founded the Sahara Group, he had already gathered 32 years of precious experience in business development along with 18 years of experience in real estate business.
He always believed in Collective Materialism and that why he calls it as Sahara Pariwar and not by some corporate company name. He believes in the collective growth through collective sharing and caring.
The Group also organizes ‘Sahara India Sports Awards' to felicitate the achievement and efforts of Indian sportspersons in their respective fields and provide recognition to the upcoming young talents.
The Birth of the spark
Subrata Roy is into every business, as we already came across he was into real estate business likewise he was into aviation, media, film, hospitality, tourism, and many and many… recently he has taken up the ownership of Pune warriors team in Indian Premier League, with all these he is into social service too.
In 1978, he opened a small office in Gorakhpur, Uttar Pradesh, where his journey started. He started with three workers as a small deposits para - banking business. His office was small with a table and some chairs. Today, the group has diversified into a giant business conglomerate with interests in housing, entertainment, media and aviation.
Shri Subrata Roy, Chairman of Sahara India Pariwar, started his stupendous journey with a vision backed by the belief that “emotion is the key to success”.
In span of 29 years, the Sahara India Pariwar has grown from just 42 depositors in all and a single establishment in the beginning to over 6.1 crore depositors through 1707 establishments, across the nation. He has created an empire of over Rs.50, 000 crore which is now recognized as one of the fastest growing business groups in the country.
Throughout Subrata Roy's life, his aim was to create a family and not just a company. The fact that he always considered his position as that of "The Chief Guardian" of the ‘World's Largest Family’ - Sahara India Pariwar is the biggest achievement of his life.
Today, Sahara group is worth over $10 billion and is the largest first generation conglomerate of India. The Sahara Group was termed by the Time magazine as ‘the second largest employer in India after the Indian Railways’.
Sahara Group presently runs a private airline, entertainment and news television channels, a newspaper, and claims to own some 33,000 acres of real estate across India.
The group is successfully diversified into Infrastructure and Housing (real state), Media (news channels and news-paper), Entertainment (TV channels and film production) and Aviation.
It intends to move into Finance, Information Technology, Tourism and Hospitality, Life Insurance and Consumer Products, with many projects already in the pipeline.
It also sponsors the Indian Hockey and Cricket team jerseys and other sports equipments. Roy promotes sports at international to regional level. The Sahara group is a sponsor of National Indian Cricket, Hockey Teams and has adopted 91 sportsmen belonging to the four Indian Olympic disciplines of Boxing, Wrestling, Archery, Shooting and Track & Field.
On March 22, 2010 in the IPL franchisee auction, Sahara group bought the Pune IPL team for Rs.1, 702 crore and named it “Pune Warriors India”.
Sahara Group has come up with one of the most prestigious real estate projects in India, namely Aamby Valley Project. The project boasts some of the biggest name in Indian entertainment and sports arena as well as some former international Olympic medal winners as its brand ambassadors. Aamby Valley, which is a first of its kind Megalopolis spread over more than 10,000 acres. Located in the outskirts of Mumbai, Aamby Valley City is being developed to be amongst top 5 Destination cities in the world.
Among its other recent projects, the merger of the Sahara Airlines with Jet Airlines created waves throughout the aviation industry.
Sahara Group has also acquired a huge complex in Lucknow and Uttar Pradesh known as “Sahara City”.
Subrata Roy is famous for his flamboyant lifestyle. Subrata Roy is married to Mrs. Swapna Roy; she is one of the Directors of the Company. She holds a Bachelors Degree in Science from Osmania University, Hyderabad. She is at the helm of the human resource development and welfare related activities of Sahara India Pariwar and has over 15 years experience in these activities.
She is the president of Sahara Muskan and Sahara Welfare Society. Mrs. Swapna Roy has over 15 years of experience in the real estate industry. Mrs. Swapna Roy has held several important industrial, financial and diplomatic positions.
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