Subrata roy sahara biography of martin

  • Subrata Roy, the founder and chief of the Sahara Group, passed away at the age of 75 on Tuesday following a prolonged illness.
  • In the late 1970s, Subrata Roy's vision birthed Sahara, a financial services venture in the bustling streets of Gorakhpur, Uttar Pradesh.
  • Subrata Roy is an Indian businessman who founded the Sahara Pariwar conglomerate.

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    Subrata roy

  • 1. A Presentation on Subrata Roy Sahara By Pratap Tirkey BBA/45019/13

  • 2. Contents 1. Background 2. The beginning 3. Business career 4. Awards 5. Legal Issues

  • 3. 1.Background Subrata Roy is an Indian businessman who was born on 10th June 1948 in Bihar. He studied at Holy Child School in Kolkata and later studied mechanical engineering from Government Technical Institute, Gorakhpur. Subrata Roy is the founder and chairman of the Sahara Pariwar.

  • 4. 2.The beginning In the year 1978, he opened a small office in Gorakhpur (Uttar Pradesh). When he founded Sahara with three workers in northern state of Uttar Pradesh as a small deposits Para – banking business. That accept deposits of very low amounts.

  • 5. 3.Business career • In 1990s, Roy moved to Lucknow which became the base of his empire. His Sahara City project covering 170 acres was launched in 1990s. • From there, it went on to become the largest combination of India with diversified range of business inte

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    Glamour

    Mumbai, May 16 (IANS): The hit streaming series ‘Scam’ is set to return with its third part after ‘Scam 1992: The Harshad Mehta Story’ and ‘Scam 2003: The Telgi Story’.

    Titled, ‘Scam 2010 - The Subrata Roy Saga’, the new season of the series will follow the life of businessman Subrata Roy, the founder of Sahara. In the early 2000s, Roy, who passed away in November last year, was accused of several financial wrongdoings, including chit-fund manipulations to fake investors.

    In 2011, the stock market regulator Securities and Exchange Board of India (SEBI) raised objections over two companies from the Sahara group accused of raising Rs 240 billion ($3.9 billion) from 30 million people through optionally fully convertible debentures.

    Subrata Roy was arrested in 2014, and following his demise, around Rs 25,000 crore is still lying unclaimed with government authorities.

    The new season is based on the book ‘Sahara: The Untold Story by Tamal Bandyopadhyay’.

    Hansal Mehta, th

  • subrata roy sahara biography of martin

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    Supreme Court says Sahara ledare Subrata Roy can be released on bail after payment of Rs 10,000 crore

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    After their release, the company will have to pay the balance of Rs 36,000 crore in equal installments of Rs 3000 crore within 18 months.

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    The first installment will be for Rs 3000 crore, to be paid within 2 months of the release.

    The bench said the finansinstitut guarantee shall be en-cashed in case the company fails to pay two installments, consecutively or otherwise.

    Further, Roy and the directors will be sent back to jail if there are defaults in paying three installments, said the bench.

    For facilitating the business negotiations, the court has also extended by another eight weeks of Roy’s stay in Tihar Jail’s conference room.

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    The company has been in the dock over its failure to refund the investors.