Subrata Roy who was the architect of Sahara Group, a vast business empire, took his last breath at 10:30 pm on Tuesday at Kokilaben Dhirubhai Ambani Hospital & Medical Research Institute in Mumbai. Roy was admitted to the hospital on Sunday following a prolonged illness and he died due to a cardiorespiratory arrest.
The statement that was issued by the Sahara Group said that Subrata Roy died following an extended battle with life, with the complications that had arisen from metastatic malignancy, diabetes and hypertension. The company called him as an “inspirational leader and visionary”. The statement also said: “It is with profound sadness that Sahara India Pariwar informs the demise of our Hon’ble ‘Saharasri’ Subrata Roy Sahara, Managing Worker and Chairman, Sahara India Pariwar.”
He was the pioneer pillar of the Sahara Group business empire which had spanned over multiple sectors including real estate, aviation, finance, health, hospitality and media. The group has also been a constant sponsor for the Indian Cricle team for a long period covering 11 years. His foundation stone journey started from Gorakhpur where he in his early days had taken over a small chit fund company in 1976 and thereby turned it around within a span of two years for raising Sahara India Pariwar, which has transformed into a big conglomerates of the country by the turn of the century. Roy also co-owned Force India, FI with famous business tycoon, Vijay Mallya. He later purchased it and cherished it in Sahara Force India.
The group statement of Sahara groups also added: “Saharasri ji was…a source of inspiration for all who had the privilege of working with him.”