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Subrata Roy (born 10 June 1948) is an Indian businessman who is the founder and chairman of the Sahara India Pariwar, an Indian conglomerate with diversified ownership interests that includes Pune Warriors India, London's Grosvenor House, New York's Plaza Hotel, Aamby Valley City and Force India. Roy founded the company in 1978.

He was named among the 10 Most Powerful People of India in 2012 by India Today. In 2004, the group was termed by the Time magazine as ‘the second largest employer in India' after the Indian Railways.

Early life

Subrata Roy was born in Araria 1948 to Sudhir Chandra Roy and Srimati Chhabi Roy. He studied at Holy Child School in Kolkata and later studied diploma in mechanical engineering from Government Technical Institute, Gorakhpur. Roy started his first business in Gorakhpur.

Business career

Roy founded the Sahara Group in 1978, with an initial asset base of just US$43. From there, it went on to become the largest conglomerate of India with a diversified range of business interests. The company now has interests in real estate, media, entertainment, tourism, healthcare, and hospitality. In February, 2014, Mr. Roy faced a major setback in his business career as Supreme Court of India odered non-bailable arrest warrant against him due to non-payment of Rs.20,000 crores to the investors by two of his companies.

Awards and honors

Subrata Roy Sahara has received an honorary doctorate in business leadership from the University of East London (2013).

He also received the Business Icon of the Year award at the Powerbrands Hall of Fame Awards in London in 2011. He has been the ITA – TV Icon of the Year 2007. He has received the Global Leadership Award in 2004. He received Businessmen of the Year Award in 2002, the Best Industrialist Award in 2002, Vishisht Rashtriya Udaan Samman (2010) by a daily from India’s top most publication house, Vocational Award for Excellence (2010) by Rotary International, Karmaveer Samman (1995), Udyam Shree (1994), Baba-E-Rozgar Award (1992) and the National Citizen Award in 2001. He won the Academy Award in the Indian Television Academy Awards for his contribution to Indian television. He has been also awarded with honorary degree of D. Litt. by Lalit Narayan Mithila University, Darbhanga. Moreover, he has been featured regularly in the India Today (India’s leading magazine) list of 50 Most Powerful People of India, since 2003.

In 2012, Roy was named among the 10 most influential businessmen in India by the news magazine India Today.

In 2004, the company he founded was termed by Time magazine as "the second largest employer in India" after Indian Railways.

Work philosophy

Roy has propounded the corporate philosophy of ‘Collective Materialism’, that advocates collective growth through collective sharing and caring.

Controversy

The Supreme Court of India on November 21, 2013 barred Sahara Group Chief Subrata Roy from leaving India and also restrained it from selling any of its properties. The Apex Court on February 20, 2014 asked Subrata Roy and three other directors Ashoka Roy Choudhary, Ravi Shankar Dubey, Vandana Bhargava, to be present in court on Feb 26, 2014 in relation to the Sahara vs SEBI Case concluded on 31 August, 2012.

On February 26, 2014, the Supreme Court of India issued a non-bailable arrest warrant against Subrata Roy. As Roy failed to appear before the court to justify company's failure to comply with the August 31, 2012 ruling. Roy’s counsel Ram Jethmalani appeal to delay the court appearance on the basis of his ailing mother's health. The SC bench headed by Justices K S Radhakrishnan and J S Khehar expressed a deep commitment to upholding the rule of law in the case and directed Roy’s arrest and be produced before it on March 4, 2014.

Sahara Chief tenders unconditional apology to Supreme Court of India after he failed to turn up personally, pleas cancellation of non-bailable warrant and assuring of appearing before SC on March 4, 2014.

Sahara India Pariwar publishes full page advertisements a day after issue of non-bailable arrest warrant against Founder and chairman, defending their stance.

References

1. "Sahara India Pariwar". Sahara.in. Retrieved 12 September 2011.
2. "India's Sahara Group". thedailystar.com. 24 May 2012. Retrieved 27 May 2012.
3. "Subroto Roy Biography". mapsofindia.com. 23 February 2011. Retrieved 27 February 2011.
4. "Subrata Roy". timesofindia.com. 10 July 2003. Retrieved 11 July 2004.
5. "Sahara India". newagebd.com. 2012-05-24. Retrieved 201-05-27. {{cite web}}: Check date values in: |accessdate= (help)
6. "Owner of Pune Warriors runs Sahara India Pariwar as managing worker". THE AUSTRALIAN. 6 May 2010. Retrieved 12 September 2011.
7. "Subrata Roy Sahara". businessweek.com. Retrieved 12 September 2011.
8. http://timesofindia.indiatimes.com/india/UP-police-reach-Subrata-Roys-residence-Sahara-chief-moves-SC-for-relief/articleshow/31107740.cms
9. "UK university confers honorary doctorate on Subrata Roy". timesofindia.indiatimes.com. 10 July 2013. Retrieved 11 July 2013.
10. "Grand lounch of Powerbrand". indianfoline.com. 15 December 2011. Retrieved 16 December 2011.
11. "Mithila varsity confers D Litt on Subrata Roy - Times Of India". Articles.timesofindia.indiatimes.com. 17 May 2011. Retrieved 5 August 2011.
12. "High and Mighty-2012". Indiatoday.intoday.in. Retrieved 7 April 2012.
13. Perry, Alex (6 December 2004). "A Tale of Two Indias". TIME. Retrieved 5 August 2011.
14. "Wearing Nationalism On His Sleeve". Business Standard. 18 September 2002. Retrieved 12 September 2011.
15. http://www.deccanchronicle.com/131121/news-businesstech/article/supreme-court-grounds-subrata-roy-bars-sahara-selling-any-property
16. "SC issues arrest warrant against Subrata Roy". hindustantimes. 26-Feb-2014. Retrieved 26-Feb-2014. {{cite web}}: Check date values in: |accessdate= and |date= (help); Italic or bold markup not allowed in: |publisher= (help)
17. "SC issues non-bailable warrant against Subrata Roy". Times of India. 26-Feb-2014. Retrieved 26-Feb-2014. {{cite web}}: Check date values in: |accessdate= and |date= (help); Italic or bold markup not allowed in: |publisher= (help)
18. "SC orders arrest of Sahara chief Subrata Roy, says 'arms of court very long'". The Indian Express. 26-Feb-2014. Retrieved 26-Feb-2014. {{cite web}}: Check date values in: |accessdate= and |date= (help); Italic or bold markup not allowed in: |publisher= (help)
19. "Sahara chief Subrata Roy moves Supreme Court for cancellation of arrest warrant". The Indian Express/Press Trust of India. 27-Feb-2014. Retrieved 27-Feb-2014. {{cite web}}: Check date values in: |accessdate= and |date= (help); Italic or bold markup not allowed in: |publisher= (help)
20. "Day after arrest warrant, Sahara unleashes ad blitz". Business Standard. 27-Feb-2014. Retrieved 27-Feb-2014. {{cite web}}: Check date values in: |accessdate= and |date= (help); Italic or bold markup not allowed in: |publisher= (help)

External links

• Official Website of 'Saharasri' Subrata Roy Sahara
• Sahara Group Official Website

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