Sahara Group Founder Subrata Roy Dies at 75

Legacy Marred by Legal Troubles Despite Business Success

Subrata Roy, founder of the Sahara Group, passed away at the age of 75 due to a cardiorespiratory arrest after a prolonged battle with complications arising from metastatic malignancy, hypertension, and diabetes.
Roy's rags-to-riches story saw him transform a struggling finance company into one of India's largest business conglomerates, with ventures in finance, housing, media, manufacturing, aviation, and hospitality.
Despite his success, Roy's legacy was marred by legal troubles. In the early 2010s, India's market watchdog began investigating Sahara after it failed to repay money to investors. Roy was arrested in 2014 and spent over two years in jail.
Roy's assets once included New York's Plaza Hotel, London's Grosvenor House, and a stake in the former Force India Formula One team.
Roy's death has elicited a mixed response, with some highlighting his contributions and others pointing out the alleged financial irregularities of the Sahara Group.