Mumbai: In a sombre turn of events, Subrata Roy, the eminent chief of Sahara India Group, breathed his last in Mumbai on Tuesday at the age of 75.The visionary entrepreneur had been battling a severe illness for an extended period, undergoing treatment in a private Mumbai hospital.End of an EraSubrata Roy, often referred to as the head of the Sahara family, left an indelible mark on the business landscape of India. His demise marks the end of an era, leaving a void in the corporate world. Roys mortal remains will be brought to Sahara City in Lucknow on Wednesday, where a heartfelt tribute is planned.A Legacy RememberedBorn on June 10, 1948, in Araria district, Bihar, Subrata Roy was the founder of Sahara India Parivar and a prominent figure in Indian business. Widely known as Sahara Sri, he played a pivotal role in shaping the growth and success of the Sahara Group.Condolences Pour InThe news of Subrata Roys passing prompted expressions of grief from various quarters. The Samajwadi Party conveyed its condolences, expressing deep sadness at the demise of Shri Subrata Roy ji. The party offered sincere tributes and hoped for strength for the bereaved family to cope with this immense sorrow.सहाराश्री सुब्रत रॉय जी का निधन, अत्यंत दुःखद।ईश्वर उनकी आत्मा को शांति दें।शोकाकुल परिजनों को ये असीम दुःख सहने का संबल प्राप्त हो।भावभीनी श्रद्धांजलि ! pic.twitter.com/QO6vAjriAv— Samajwadi Party (@samajwadiparty) November 14, 2023The Journey of a VisionaryHailing from the Araria district, Subrata Roys journey started modestly. Initially educated in Kolkata and later in Gorakhpur, he ventured into entrepreneurship in 1978 by selling biscuits and namkeen with a friend on a scooter. From a humble beginning with two chairs and a scooter in a single room, he propelled the enterprise to a value of Rs 2 lakh crore.The Birth of a Business EmpireSubrata Roy, along with a friend, pioneered a chit-fund company targeting the economically underserved. His innovative schemes gained immense popularity across the nation. Despite a government ban on his chit-fund scheme in 1980, it had already amassed investments from numerous individuals, resulting in financial challenges for the investors later on.The legacy of Subrata Roy is a testament to his entrepreneurial spirit and the enduring impact he made on the business landscape of India. His contributions will be remembered as the Sahara Group faces this moment of loss.
