Who Is Subrata Roy? Age, Biography, and Wiki
Subrata Roy was born on June 10, 1948, in India. He rose to prominence as a notable businessman and the founder of Sahara India Pariwar, a conglomerate with interests in various sectors including finance, real estate, and entertainment. Roy's innovative business strategies and philanthropic efforts significantly influenced the industry. He became a controversial figure due to legal troubles but remained a pivotal personality in the Indian business arena until his passing in 2023.
| Occupation | Business |
|---|---|
| Date of Birth | June 10, 1948 |
| Age | 75 Years |
| Birth Place | Araria, Bihar, India |
| Horoscope | Gemini |
| Country | India |
| Date of death | 14 November, 2023 |
| Died Place | Mumbai, Maharashtra, India |
Popularity
Subrata Roy's Popularity over time
Height, Weight & Measurements
While specific measurements might not have been publicly disclosed, Subrata Roy was known for his charismatic presence. Throughout his career, he exuded confidence and poise, attributes that contributed to his successful business dealings.
Family, Dating & Relationship Status
Subrata Roy was a family man. He was married to his wife, Swapna Roy, and they shared a close-knit family. They had two sons and a daughter. Roy maintained a relatively private life regarding his family relations, but he often emphasized the importance of family in his personal and professional life.
On 26 February 2014, the Supreme Court of India ordered the detention of Roy for failing to appear before it in connection with legal dispute with Market Regulator – SEBI.
In a statement after the arrest, his lawyer said Roy's 92-year-old mother was in poor health and needed "her eldest son" by her side, and hence he failed to appear at the court. As he failed to appear in the court during the ongoing legal battle, Roy was held in custody in the Tihar Jail, Delhi and was out on parole since May 2016.
Sahara was allowed to sell a part of its assets in India to raise part of the money in question.
Net Worth and Salary
At the time of his passing in 2023, Subrata Roy's net worth was estimated to be in the range of hundreds of millions, largely due to his extensive business ventures and investments. Despite facing several legal challenges that impacted his financial situation, his entrepreneurial spirit continued to garner substantial earnings through Sahara India Pariwar.
The Securities And Exchange Board of India (SEBI) has repaid only ₹64 crore to the investors since 2012.
It has also been reported that Sahara has paid ₹725.97 crore as TDS (tax deducted at source) to the Income Tax Departments on the interest which along with investment was repaid to 95 percent of the investors, between 2009–2010 and 2012–2013.
The income tax authorities had found that the beneficiary investors were existent and accordingly confirmed the repayments made in those particular years. One of Sahara's arguments in the apex court revolves around the fact that if one government body has found investors, why the other cannot do so.
Career, Business and Investments
Subrata Roy's career began in the early 1970s with the establishment of Sahara India. Under his leadership, the company diversified its investments across various sectors including housing, consumer goods, and media. The Sahara brand became synonymous with Indian entrepreneurship and community service, with numerous charitable initiatives under the Sahara umbrella.
Roy was known for his innovation in the finance sector, particularly with his model of offering investment schemes aimed at the lower middle class of India. His contributions to Indian business earned him numerous accolades, and he was considered a pioneer in his field.
Roy was named the tenth-most influential Indian businessman in 2012 by India Today. In 2004, the Sahara group was termed by Time magazine as "the second largest employer in India after Indian Railways". Sahara operates through more than 5,000 establishments across India and has a workforce of around 1.2 million (field and office) under the Sahara India umbrella.
Social Network
Subrata Roy was not particularly active on social media; however, Sahara India Pariwar maintained an official online presence that communicated the firm's initiatives and community projects. After his passing, the company’s digital platforms continued to pay homage to his visionary leadership and ongoing contributions to Indian society.
Education
Subrata Roy pursued his education in the fields of arts and commerce, laying the foundational knowledge that would later support his business endeavors. While details of his educational achievements were modestly mentioned in public forums, it was his business acumen and practical experience that defined his success rather than formal accolades.
Roy was planning to foray into online education (Edunguru) in India, which was targeted at small towns and villages. He put a team in place which consists of members from top universities and colleges across India, and even abroad. The route map of the program was prepared, and 14,000 hours of lectures were developed for this.
