Subrata Roy Biography, Height, Age, Wife, Family, & More

Subrata Roy, the Indian entrepreneur who established Sahara India Pariwar in 1978, passed away in Mumbai at the age of 75 after a prolonged illness. He was admitted to Kokilaben Dhirubhai Ambani Hospital & Medical Research Institute on Sunday due to deterioration in his health. The company announced that he succumbed to cardiorespiratory arrest at 10:30 pm, concluding a protracted struggle with complications stemming from metastatic malignancy, hypertension, and diabetes. In this article, you’ll find a comprehensive Subrata Roy biography.

Subrata Roy Biography

An Indian tycoon and industrialist, Subrata Roy, renowned by Time magazine as ‘the second largest employer in India after the Indian Railways,’ led Sahara India, a colossal conglomerate. Described as an inspirational leader and visionary, Sahara India announced the passing of Saharasri-ji on November 14, 2023, at 10:30 pm. The cause of death was cardiorespiratory arrest, concluding a prolonged struggle with complications arising from metastatic malignancy, hypertension, and diabetes. Admitted to Kokilaben Dhirubhai Ambani Hospital & Medical Research Institute on November 12, 2023, due to a decline in health, Subrata Roy’s roots in Gorakhpur fill the locals with immense pride.

Subrata Roy Picture

Subrata Roy Young Age Picture

Subrata Roy With his Wife Picture

Subrata Roy With his Son Picture

Subrata Roy With his Son Picture

Subrata Roy With his Mother Picture

Subrata Roy With his Girlfriend Picture

Family

Hailing from an upper-middle-class Hindu family in Araria, Bihar, India, Subrata Roy is the son of Sudhir Chandra Roy, a businessman, and Chhabi Roy, a homemaker.

Age

Born on June 10, 1948, in Araria, Subrata Roy is currently 75 years old.

Died

Subrata Roy, aged 75, passed away on November 14, 2023, succumbing to cardiorespiratory arrest after a prolonged struggle with complications arising from metastatic malignancy, hypertension, and diabetes. He had been admitted to Kokilaben Dhirubhai Ambani Hospital & Medical Research Institute in Mumbai on a Sunday due to a deterioration in his health.

Education

Subrata Roy pursued his education at Holy Child Institute in Kolkata before furthering his studies in mechanical engineering at the Government Technical Institute in Gorakhpur. Driven by a keen interest in technical education, he successfully earned a diploma in Mechanical Engineering.

Height and Weight

He stands at a height of 5 feet 10 inches, and his body weight is approximately 75 kilograms.

Wife and Children

Subrata Roy is married to Swapna Roy, who is a housewife. The couple has two children: their elder son is named Sushanto Roy, and their younger son is named Seemanto Roy.

Career

In 1976, Subrata Roy embarked on his entrepreneurial journey, initially engaging in business activities. In 1978, he transformed the financial model of his venture after taking over Sahara Finance, a company that struggled under its existing chit fund operations. Inspired by the financial model of the well-established Peerless Group, Roy adopted the concept of residuary non-banking companies (RNBCs) that accept minimal deposits. Shifting to Lucknow in 1990, this city became the nucleus for his expanding Sahara group, which evolved into India’s largest conglomerate, encompassing a diverse array of business sectors.

In the late 1990s, Subrata Roy initiated the ambitious Sahara City project, covering 217 self-sufficient townships. The Sahara group’s interests expanded into financial services, education, real estate, media, entertainment, tourism, healthcare, and hospitality.

Sahara made notable international acquisitions, including the Grosvenor House Hotel in London in 2010 and the Plaza Hotel and Dream Downtown Hotel in New York City in 2012. Time magazine recognized Sahara as “the second-largest employer in India” in 2004, following the Indian Railways.

Beyond business, the Sahara group actively participated in societal welfare during natural disasters, contributing to relief efforts. With over 9 crore investors and depositors, Sahara’s impact extended to about 13% of Indian households. The group established medical health units, supported rehabilitation programs, and provided financial aid to the families of 127 martyrs from the Kargil War.

Subrata Roy envisioned venturing into online education with Edunguru, focusing on small towns and villages. The Sahara group garnered praise from Prime Minister Atal Bihari Vajpayee for its commendable initiatives. Roy assembled a team comprising members from top universities and colleges to develop a comprehensive program, involving 14,000 hours of lectures.

Awards and honours

Subrata Roy has been the recipient of several prestigious awards and honors throughout his career. In 2013, he was granted an honorary doctorate in business leadership by the University of East London. His achievements include being honored as the Business Icon of the Year at the Power brands Hall of Fame Awards in London in 2011, and he was recognized as the ITA – TV Icon of the Year in 2007.

Among his numerous accolades, Subrata Roy has been distinguished as Businessman of the Year, Best Industrialist Awardee, recipient of the Vocational Award for Excellence, National Citizen Awardee, and winner of the Indian Television Academy Award.

His awards also include Businessmen of the Year (2002), Best Industrialist Award (2002), Vishisht Rashtriya Udaan Samman (2010), 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.

Net Worth

In 2013, Subrata Roy declared assets amounting to approximately 50 million rupees, equivalent to $915,200.

Check Also: Nawaz Modi Singhania Biography, Husband, Children, Age, Net Worth 2023 & More