Sahara Group chief Subrata Roy dies of cardiac arrest, Sahara India Pariwar mourns loss

Sahara Group founder Subrata Roy died due to a cardiorespiratory arrest at a private hospital in Mumbai on Tuesday after a prolonged illness, according to a company statement. He was 75.

Roy was admitted to the Kokilaben Dhirubhai Ambani Hospital & Medical Research Institute in Mumbai on Sunday after his health deteriorated, the company said in statement.

“He passed away at the hospital at 10.30 pm on Tuesday due to a cardiorespiratory arrest following an extended battle with complications arising from metastatic malignancy, hypertension and diabetes”, the statement read.

"It is with profound sadness that Sahara India Pariwar informs the demise of our Hon'ble 'Saharasri' Subrata Roy Sahara, Managing Worker and Chairman, Sahara India Pariwar," the statement added.

Calling him an "inspirational leader and visionary", the company said, "His loss will be deeply felt by the entire Sahara India Pariwar. Saharasri ji was a guiding force, a mentor, and a source of inspiration for all who had the privilege to work alongside him."

Sahara India Pariwar is committed to upholding Roy's legacy and will continue to honour his vision in driving the organisation, it further said.

Chetan Upadhyaya, Founder Secretary of the Satya Foundation, offered poignant reflections on the life and legacy of the late business magnate.

"It is a sad day today," expressed Upadhyaya. "He had started his journey from scratch. He was a highly spiritual person."

"The mortal remains will be taken to Lucknow tomorrow, and most possibly the last rites will be performed the day after tomorrow," he added.

In his prime, Roy had made the Sahara Group a multi-billion dollar enterprise that counted itself among the biggest employers of the country.

He was also known to have friends among the famous and powerful across the fields of politics and Bollywood.

Tributes are pouring in from colleagues, politicians, and sportspersons highlighting the profound impact Roy had on the business landscape.