Sahara shree
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Subrato Roy was born in 1948 in Bihar, India. He studied mechanical engineering and started his first business in Gorakhpur. In 1978, he took over the struggling Sahara Finance company and changed its financial model. Under his leadership, Sahara grew into a large conglomerate with interests in real estate, media, tourism and more. However, in 2014 Roy was taken into police custody due to an ongoing legal case regarding the refund of investor deposits by Sahara.
Sahara shree
- 2. Subrato Roy was born in Araria in Bihar, India on 10th of June in 1948. 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.
- 3. SUBRATO ROY Father: Mr. Sudhir Chandra Roy Mother: Srimati Chhavi Roy Wife: Swapna Roy Children: Mr Sushanto Roy- Chief Executive Officer Mr Seemanto Roy- Executive Director
- 4. Promoters and Directors Mr. Subrata Roy Sahara - Chairman & Managing Director Mrs. Swapna Roy - Non - Executive Director Mr. Om Prakash Srivastava - Non - Executive Director Mr. Joy Broto Roy - Non - Executive Director Mr. Sushanto Roy - Executive Director and CEO Mr. Seemanto Roy - Executive Director Independent Directors Mr. Amitabh Ghosh - Former Dy. Governor of Reserve Bank of India Mr. Rajeev Ratna Shah - Retired Indian Administrative Services Officer Justice Kamal Narain Singh - Former Chief Justice of India Mr. Madhukar - Former Member of SEBI/Former Banker Mr. D.P. Bagchi - Retired Indian Administrative Services Officer Mr. Devi Dayal - Retired Indian Administrative Services Officer
- 5. Roy joined Sahara Finance, a struggling company, in 1978, that ran a chit fund and took it over. He changed its financial model. They are termed residuary non-banking companies (RNBCs) that accept deposits of very low amounts. In 1990s, Roy moved to Lucknow which became the base of his empire. His Sahara City project covering 170 acres was launched in 1990. The company now has interests in real estate, media, entertainment, tourism, healt hcare, and hospitality.
- 6. SAHARA SHREE with his employees
- 7. The Hindi newspaper Rashtriya Sahara was started in 1992. In late 1990s, the ambitious Aamby Valley City project near Pune was initiated. In 2000, Sahara TV was launched which was later renamed Sahara One. In 2003, Sahara started three weeklies: Sahara Time (English), Sahara Samay (Hindi) and Sahara Aalmi (Urdu).
- 8. Land area=10,000 acre Water surface=421 acre
- 9. In 2010, Sahara purchased the iconic Grosvenor House Hotel in London, and in 2012 the historic Plaza Hotel in New York City. In 2013, Sahara made a bid for Oakley Court Hotel, in Windsor, but was not successful. Sahara has a workforce of more than a million, including salaried employees and field workers. In 2013, 121,653 of its employees gathered in Lucknow to sing the India's national anthem, setting a world record.
- 10. 121,653 employees gathered in Lucknow to sing the India's national anthem.
- 11. Sahara is said to have 29.6 million investors. Sahara collected sums as small as Rs. 20 rupees a day from people like rickshaw pullers, dhobis and tire repairmen.
- 12. Strength 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 2nd largest employer in India after the Indian Railways. 910,000 workers/ employees and no trade union.
- 13. Holds the Guinness world record for planning 125,256 trees by 1400 volunteers in 6 hours and 35 minutes on 5th June 1988 at Aamby valley city. Hold the record in India for 25%-50% hike in the gross salary of all of its employees at one go. Conducts mass marriage ceremony of 101 underprivileged girls every year.
- 14. Weakness Lack of Innovative Plans as they are comparatively new in the insurance industry. Lack of Infrastructure as compared to bigger insurance players. Lack of advertising causing low brand visibility.
- 15. Opportunity High earning Urban Youth looking for investment options. Educated people are looking for investment options in diverse portfolios. Threats Fluctuating economic scenarios. Entry of new NBFCs (non banking financial companies) in the sector, increasing competition.
- 16. In 2013, Sahara contributed to the relief efforts in flood hit Uttarakhand region wherein one lakh bottles of drinking water, juice bottles and food packets along with candles and match boxes were said to provided by them. There were 25 medical health unit vans equipped with doctors and free medicines made available. They contribute to the rehabilitation programme by constructing 10,000 pre-fabricated houses.
- 17. Subrato 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.
- 18. The Best Industrialist Award in 2002, Vishisht Rashtriya Udaan Samman (2010) by 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 was awarded a general jury award by the Indian Television Academy Awards.
- 19. He has been also awarded with honorary degree of D. Litt. by Lalit Narayan Mithila University, Darbhanga. 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 was termed by Time magazine as "the second largest employer in India" after Indian Railways.
- 20. He has written two books. "Shanti, Sukh, Santushti" 1994, Essays on peace of mind and happy living. "Maan, Samman, Atmasamman"
- 21. Sahara chief Subrato Roy has been taken into custody in the month of March, 2014 as he was unable to appear in the court due to his 92 year old mother's illness. The court demanded for huge money for his bail and hence many property selling proposals have been sent to big company's and sheikhs but many of them refused it. As per the current scenario, he faced a lot of problem in bid to sell Sahara Group's US, UK hotels that doesn't allow him to get bail as early as possible.
- 22. SAHARA SHREE in police custody
- 23. www.sahara.in