15/11/23 | 10:27 am

Print

Sahara Group founder Subrata Roy passes away at 75

Subrata Roy, the architect of the vast business empire, Sahara Group, passed away at the age of 75 following a cardiorespiratory arrest that occurred at a private hospital in Mumbai on Tuesday, after a period of prolonged illness, as confirmed by a statement released by the company.

He is survived by wife Swapna Roy and two sons, Sushanto Roy and Seemanto Roy, who live abroad.

“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,” read the statement issued by Sahara India Pariwar.

The statement said that Subrata Roy was admitted to Kokilaben Dhirubhai Ambani Hospital & Medical Research Institute (KDAH) on 12th November this year following a decline in health and he was battling with various health complications.

“Saharasri ji, an inspirational leader and visionary, passed away on 14th 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,” the statement said.

“His loss will be deeply felt by the entire Sahara India Pariwar. Saharasri ji was a guiding force, a mentor, and a source of inspiration for all who had the privilege to work alongside him,” the statement added.

RELATED ARTICLES

3 hours ago | $6.3 billion heist

Binance sees outflows stabilising as exchange returns online after $6.3 billion heist

Binance customers pulled $3.64 billion, or 2.1% of its assets, as the world's biggest cryptocurrency exchange resumed service after a security breach linked to North Korea saw $6.3 billion stolen from the platform last week. The exchange moved to re...

4 hours ago | 1 pc higher despite mixed global cues

Indian equity markets open up to 1 pc higher despite mixed global cues

Indian equity benchmarks opened strong on Monday, surging about 1 per cent each despite mixed global cues amid buying in energy, auto and information technology (IT) sector stocks. At open, Sensex was up 718.71 points or 0.97 per cent at 75,178.24,...

5 hours ago | 2nd-highest level of Rs 2.31 lakh cr

GST mop-up surges 23 pc to 2nd-highest level of Rs 2.31 lakh cr in Oct on festive demand boost

GST collections jumped 23 per cent year-on-year to the second-highest level of over Rs 2.31 lakh crore in October as festive buying boosted domestic demand, according to government data released on Sunday. October is the second consecutive month whe...