Subrata Roy, founder of Sahara Group, dies at 75 after a prolonged illness
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Important key takeaways:-
- Subrata Roy, the Chairman of Sahara India Group, passed away at 75 due to cardiorespiratory arrest in Mumbai. Known as 'Saharasri,' he built the Sahara Group into a multi-billion dollar enterprise with interests in retail, real estate, finance, aviation, and media, despite facing legal challenges and controversies.
- Roy's entrepreneurial journey began with a rags-to-riches story, and he owned landmark global properties, including the Plaza Hotel in New York and Grosvenor House in London. He sponsored Indian cricket and hockey teams, owned a Formula One racing team, and faced legal battles over allegations of running Ponzi schemes.
- The Sahara Group expressed profound sadness at Roy's loss, highlighting his contribution to the group's growth and his role as a mentor. Despite legal troubles, Roy's impact on India's business landscape and corporate history remains significant.
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