Bhubaneswar, November 14: Subrata Roy, the founder of Sahara India Pariwar, passed away on Wednesday. He was 75.
He was admitted to Kokilaben Dhirubhai Ambani Hospital & Medical Research Institute (KDAH) on 12th November 2023, following a decline in health. He breathed his last at 10.30 PM.
He died due to cardiorespiratory arrest following an extended battle with complications arising from metastatic malignancy, hypertension, and diabetes.
In a statement, the Sahara Group said, “Saharasri ji an inspirational leader and visionary, passed away on 141h November 2023 at 10.30 pm due to cardiorespiratory arrest following an extended battle with complications arising from metastatic malignancy, hypertension, and diabetes. He was admitted to Kokilaben Dhirubhai Ambani Hospital & Medical Research Institute (KDAH) on 12th November 2023, following a decline in health.”
Born on June 10, 1948, in Araria, Bihar, Roy was a prominent figure in the Indian business landscape, having established a vast empire that spanned various sectors including finance, real estate, media, and hospitality.
Despite his business successes, Roy faced legal challenges. In 2014, the Supreme Court ordered his detention for failing to appear in court in connection with a dispute with the Securities and Exchange Board of India (SEBI). This led to a prolonged legal battle, with Roy spending time in Tihar Jail and eventually being released on parole.
