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Sahara India Pariwar (''pariwar'' being
Hindi Modern Standard Hindi (, ), commonly referred to as Hindi, is the Standard language, standardised variety of the Hindustani language written in the Devanagari script. It is an official language of India, official language of the Government ...
for "family") is an Indian conglomerate headquartered in
Lucknow Lucknow () is the List of state and union territory capitals in India, capital and the largest city of the List of state and union territory capitals in India, Indian state of Uttar Pradesh and it is the administrative headquarters of the epon ...
,
Uttar Pradesh Uttar Pradesh ( ; UP) is a States and union territories of India, state in North India, northern India. With over 241 million inhabitants, it is the List of states and union territories of India by population, most populated state in In ...
,
India India, officially the Republic of India, is a country in South Asia. It is the List of countries and dependencies by area, seventh-largest country by area; the List of countries by population (United Nations), most populous country since ...
. The group operates business sectors such as finance, infrastructure & housing, real estate, sports, power, manufacturing, media & entertainment, health care, life insurance, educational institute, offline online education (edunguru), retail, E-commerce (online/offline shopping), electrical vehicle (sahara evols), hospital, artificial intelligence, hospitality, and co-operative society. The group has been a major promoter of sports in India and was the title sponsor of the
Indian national cricket team The India men's national cricket team, also known as Men in Blue, represents India in international cricket. It is governed by the Board of Control for Cricket in India and is a full member nation of the International Cricket Council with ...
, Indian national hockey team and
Bangladesh national cricket team The Bangladesh men's national cricket team (), commonly known as The Tigers, is the national cricket team of Bangladesh, administered by the Bangladesh Cricket Board (BCB). They are a Full Member of the International Cricket Council (ICC) with ...
,
Force India Force India Formula One Team Limited, commonly known as Force India and later Sahara Force India, was a Formula One racing team and constructor based in Silverstone, United Kingdom, with an Indian licence. The team was formed in October 200 ...
Formula One Formula One (F1) is the highest class of worldwide racing for open-wheel single-seater formula Auto racing, racing cars sanctioned by the Fédération Internationale de l'Automobile (FIA). The FIA Formula One World Championship has been one ...
team among many other sports.


Businesses

Sahara India Pariwar was founded by
Subrata Roy Subrata Roy (10 June 1948 – 14 November 2023) was an Indian businessman who founded the business conglomerate Sahara India Pariwar in 1978. Sahara India Pariwar operated a vast number of businesses, such as Aamby Valley City, Sahara Movi ...
Sahara in 1978. In 2004, Sahara group was termed by the ''
Time Time is the continuous progression of existence that occurs in an apparently irreversible process, irreversible succession from the past, through the present, and into the future. It is a component quantity of various measurements used to sequ ...
'' magazine as 'the second largest employer in India' after the
Indian Railways Indian Railways is a state-owned enterprise that is organised as a departmental undertaking of the Ministry of Railways (India), Ministry of Railways of the Government of India and operates India's national railway system. , it manages the fou ...
. The group operates more than 5,000 establishments across India with the employee strength around 1.2 million (both field and office) under the Sahara India umbrella.


Real estate

Sahara India Real Estate Company and the Sahara Housing Investment Corporation are subsidiaries of the conglomerate. They buy and develop land for residential housing projects across India. The company has its projects spread in almost all over India. Sahara has a collaboration with
Turner Construction The Turner Construction Company is an American construction company with presence in 20 countries. It is a subsidiary of the German company Hochtief. It is the largest domestic contractor in the United States as of 2020, with a revenue of $14.4 ...
, an American building company, in some of its projects.


Electric vehicles

Sahara India Pariwar announced the launch of
Electric Vehicles An electric vehicle (EV) is a motor vehicle whose propulsion is powered fully or mostly by electricity. EVs encompass a wide range of transportation modes, including road vehicle, road and rail vehicles, electric boats and Submersible, submer ...
under the brand name Sahara Evols in June 2019. The product line of Sahara Evols initially consists of
motorbikes A motorcycle (motorbike, bike; uni (if one-wheeled); trike (if three-wheeled); quad (if four-wheeled)) is a lightweight private 1-to-2 passenger personal motor vehicle steered by a handlebar from a saddle-style seat. Motorcycle designs var ...
, scooters, e-rickshaws and 3-wheeler cargo vehicles,
charging station A charging station, also known as a charge point, chargepoint, or electric vehicle supply equipment (EVSE), is a power supply electrical device, device that supplies electrical power for recharging plug-in electric vehicles (including batter ...
s and EV batteries.


Sports

Sahara owns several professional sports teams in India in a variety of sports. In badminton, it owns the
Awadhe Warriors Awadhe Warriors is a badminton team owned by Sahara Adventure Sports Limited a group company of Sahara India for the Premier Badminton League (PBL). The team's home ground is Babu Banarasi Das Indoor Stadium, Lucknow. The team is coached by ...
of
Lucknow Lucknow () is the List of state and union territory capitals in India, capital and the largest city of the List of state and union territory capitals in India, Indian state of Uttar Pradesh and it is the administrative headquarters of the epon ...
, one of the eight teams in the
Indian Badminton League Premier Badminton League, aka PBL, is a team badminton league operating in India. It was launched in 2016 and is one of the top badminton leagues in the world. It features nine state or city-based franchise teams and the top Indian and interna ...
. It owned the
Pune Warriors India Pune Warriors India was a franchise Twenty20 cricket team that represented the city of Pune in the Indian Premier League (IPL). The team was one of two IPL franchises from the Indian state of Maharashtra, the other being Mumbai Indians. It was ...
, a franchise cricket
team A team is a group of individuals (human or non-human) working together to achieve their goal. As defined by Professor Leigh Thompson of the Kellogg School of Management, " team is a group of people who are interdependent with respect to in ...
that played in the Indian Premier League (IPL). The company launched the Sahara Warriors Polo Team in 2012. From 2005 to 2014
Calcutta Football League The Calcutta Football League (CFL) is a ladder-based football competition in the Indian state of West Bengal, organised by the Indian Football Association (WB) as part of the state leagues. It is the oldest football league in Asia. The CFL ...
was sponsored by Sahara. In July 2012, Sahara India Pariwar picked up the Lucknow franchise of the
Hockey India League Hockey India League is a professional field hockey league in India. It is organized by Hockey India, the governing body for the sport in India. It is considered one of the major sports leagues of the country. It was founded in 2013 as a part ...
, the
Uttar Pradesh Wizards The Uttar Pradesh Wizards was an Indian professional field hockey team based in Lucknow, Uttar Pradesh that played in the Hockey India League. It was owned by Sahara India. Franchise details Ownership The team was owned by Sahara Adventure Sp ...
. It was also the sponsor of the
Bangladesh Cricket Team The Bangladesh men's national cricket team (), commonly known as The Tigers, is the national cricket team of Bangladesh, administered by the Bangladesh Cricket Board (BCB). They are a Full Member of the International Cricket Council (ICC) with ...
from 2012 to 2015.


Media and entertainment


Channels

The group owns the national Hindi news channel ''Jain TV''. The group owns Headend-in-the-sky Platform ''Jainhits''.


Hotels

Sahara owned a controlling stake in New York's
Plaza Hotel The Plaza Hotel (also known as The Plaza) is a luxury hotel and condominium apartment building in Midtown Manhattan in New York City. It is located on the western side of Grand Army Plaza, after which it is named, just west of Fifth Avenue, ...
and Dream Downtown Hotel, New York. Sahara sold the hotel to
Katara Hospitality Katara Hospitality, formerly known as Qatar National Hotels Company, is the largest hotel owner, developer and operator in Qatar. It is government-owned. As of 2016, the company owns properties in Qatar, Egypt, Morocco, the United Kingdom, Franc ...
in July 2018. In India, the group owns the "Sahara Star" hotel near Mumbai's
Chhatrapati Shivaji International Airport Chhatrapati Shivaji Maharaj International Airport is the international airport serving Mumbai, the capital of the Indian state of Maharashtra. It is the second-busiest airport in India in terms of total and international passenger traffic a ...
.


Finance

Sahara has interests in insurance and asset management. Sahara India Life Insurance Company Ltd.- has been granted licence by the insurance regulator – the IRDAI on 6 February 2004. With this approval, Sahara India Life Insurance Company Ltd. becomes the first 100% wholly and purely Indian company, without any foreign collaboration to enter the Indian Life insurance market. The launch is with an initial paid-up capital of
The Indian rupee sign ⟨₹⟩ is the currency symbol for the Indian rupee (ISO 4217: INR), the official currency of India. Designed by D. Udaya Kumar, it was presented to the public by the Government of India on 15 July 2010, following its ...
157
crore Crore (; abbreviated cr) denotes the quantity ten million (107) and is equal to 100 lakh in the Indian numbering system. In many international contexts, the decimal quantity is formatted as 10,000,000, but when used in the context of the India ...
s. Sahara India Life Insurance Company Ltd. (SILICA) is a
life insurance Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract A contract is an agreement that specifies certain legally enforceable rights and obligations pertaining to two or more parties. A contract typical ...
company in the private sector, Sahara Asset Management Company Pvt. Ltd. manages 16 equity and debt mutual funds. Sahara Banking & Financial Services Fund has been adjudged the Best Performing Banking Sector Fund over a three-year performance by the international agency "Lippers" in 2012.


Retail

On 13 August 2012, Sahara India announced the opening of its retail
FMCG Fast-moving consumer goods (FMCG), also known as consumer packaged goods (CPG) or convenience goods, are products that are sold quickly and at a relatively low cost. Examples include non-durable household goods such as packaged foods, bevera ...
business named 'Q shop' (Quality shop) with an initial investment of ₹3,000 crores. Sahara also announced hiring 6,00,000 sales personnel and 3,000 customer care executives. At its launch, Subrata Roy said that Sahara had been planning for this venture for the last two years and was opening 'Q shops' in major cities across the country to provide adulteration-free consumer merchandise including processed food and beverages to buyers. The group said it would set up 305 warehouses in 285 cities in a phased manner. Sahara India Pariwar's Sahara Q Shop entered into the
Guinness World Records ''Guinness World Records'', known from its inception in 1955 until 1999 as ''The Guinness Book of Records'' and in previous United States editions as ''The Guinness Book of World Records'', is a British reference book published annually, list ...
when it opened 315 outlets in 10 states of India, at once on 1 April 2013.


Health care

The group owns a hospital in
Lucknow Lucknow () is the List of state and union territory capitals in India, capital and the largest city of the List of state and union territory capitals in India, Indian state of Uttar Pradesh and it is the administrative headquarters of the epon ...
by the name Sahara Hospital. This hospital became operational in February 2009 and is currently operating with approximately 350 beds, including 120 bed Critical Care Infrastructure which is expandable to 554 beds. Anil Vikram Singh, Sr. Advisor, Sahara India Pariwar, currently heads the hospital.


Information technology

Under the name "Sahara Next", the company offers information technology consulting services in banking, finance, media and entertainment, chemicals, and CRM. Subrata Roy has been planning to foray into online education in India, which is targeted at small towns and villages. He has put in place a team that consists of members from top universities and colleges across India and abroad. The route map of the program has been prepared, and 14,000 hours of lectures have been prepared for this. The group also announced on 1 July 2018, that it is entering into new businesses which are at different levels of development, and will be launched one after another in the year.


Former

The group owned an airline, Air Sahara, which it sold to Jet Airways in 2007. In October 2011, Sahara purchased 42.5% of the
Force India Force India Formula One Team Limited, commonly known as Force India and later Sahara Force India, was a Formula One racing team and constructor based in Silverstone, United Kingdom, with an Indian licence. The team was formed in October 200 ...
Formula One Formula One (F1) is the highest class of worldwide racing for open-wheel single-seater formula Auto racing, racing cars sanctioned by the Fédération Internationale de l'Automobile (FIA). The FIA Formula One World Championship has been one ...
team. The team finished as best 4th in the constructors championship in 2016 and 2017. The team went into administration in mid-2018 and was later sold and renamed Racing Point Force India F1 Team. The group runs a school in Pune, the International School Aamby – Aamby Valley.


Legal issues

Being a largely unlisted company Sahara India Parivar's activities have come under criticism largely because of legal issues it is facing. On 26 February 2014, the
Supreme Court of India The Supreme Court of India is the supreme judiciary of India, judicial authority and the supreme court, highest court of the Republic of India. It is the final Appellate court, court of appeal for all civil and criminal cases in India. It also ...
had issued warrants to summon Subrata Roy, Managing Worker, chairman and founder of Sahara India Pariwar, on a litigation on the Optionally Fully Convertible Debentures issued by the two companies of Sahara India Pariwar to which
Securities and Exchange Board of India The Securities and Exchange Board of India (SEBI) is the Regulatory agency, regulatory body for securities and commodity market in India under the administrative domain of Ministry of Finance (India), Ministry of Finance within the Government ...
had claimed its jurisdiction and objected on why Sahara has not taken permission from it. Sahara has claimed that the said bonds are hybrid product, thus does not come under the jurisdiction of SEBI, instead is governed by Registrar of Companies (ROC) under
Ministry of Corporate Affairs The Ministry of Corporate Affairs is an Indian government ministry primarily concerned with administration of the Companies Act 2013, the Companies Act 1956, the Limited Liability Partnership Act, 2008, and the Insolvency and Bankruptcy Code, 2 ...
, from which the two companies of Sahara has already taken permission and submitted the red herring prospectus with ROC before issuing the bonds. SEBI in return ordered Sahara's two companies to stop issuing the said bonds and return money to investors. Sahara contested the case in various courts which eventually came to Supreme Court of India. On 14 June 2012, (during the final hearing of the case), the group had provided details of its financials up to 30 April 2012. While the court reserved its order, Sahara claims that it has already paid to 95% of the investors and discharged its OFCD liability to the tune of and only around are left against which Sahara has already deposited more than which has with interest swelled to . By 31 August 2012 the date of Supreme Court order, the group repaid majority of its OFCD investors between May the last date of hearing and by 30 August 2012 the final order. Since these repayments have not been taken into consideration, Sahara maintains that any money paid now will obviously mean a double payment towards one liability. It is also been reported that Sahara has paid as TDS (tax deducted at source) to the Income Tax Departments on the interest which along with investment was repaid to 95 percent of the investors, between 2009–10 and 2012–13. The income tax authorities had found that the beneficiary investors were existent and accordingly confirmed the repayments made in those particular years. One of Sahara's arguments in the apex court revolves around the fact that if one government body has found investors, why can't the other. The case itself comprises big numbers such as collection of over from three crore individuals, while once in 2013 Sahara sent 127 trucks containing 31,669 cartons full of over three crore application forms and two crore redemption vouchers to SEBI office. Apparently, this had resulted into a huge traffic jam on outskirts of
Mumbai Mumbai ( ; ), also known as Bombay ( ; its official name until 1995), is the capital city of the Indian state of Maharashtra. Mumbai is the financial capital and the most populous city proper of India with an estimated population of 12 ...
, where the regulator is headquartered. SEBI on the other hand because the trucks reached after office hours SEBI rejected the second batch of files, which as per Sahara contained 25% of the investor information. Furthermore, the market regulator SEBI advertised four times in more than 144 newspapers to ask the investors of Sahara to refund the money. And since August 2012 Sebi has only refunded to the investors while it has from Sahara. In October 2014, a shocking revelation was made when only around 4,600 investors in two Sahara group companies had come forward to claim refunds from the Securities and Exchange Board of India (SEBI), which had asked those who had purchased bonds issued by the entities to claim their money. This gave a valid point to Sahara's argument before courts that it had repaid most of the investors who had come forward to claim the investment which they had made in bonds issued by two group companies. He was granted interim bail by the Supreme Court on 26 March 2014 on the condition that he would deposit the huge bail amount of . Subrata was eventually taken into judicial custody and sent to
Tihar jail Tihar Prisons, popularly known as Tihar Jail, are a prison complex in India and are one of the largest complexes of prisons in India. There are 9 functional prisons spread over more than 400 acres. Run by Department of Delhi Prisons, the prison ...
, along with two other Sahara directors, on 4 March 2014 for failing to deposit with SEBI. In Tihar jail, Subrata unsuccessfully tried to sell some of his hotel properties to raise for his bail bond. He remained in Tihar jail for more than two years, and was released on parole in May 2016 to attend the last rites of his deceased mother. On 1 July 2018, the group revealed that majority of of Sahara's money (including the interest) which is with SEBI will be refunded back to Sahara India as the group had already made majority of the payments to its investors. The group also stated that SEBI will be directed to start the verification of the documents of Sahara's investors, which are already provided to them by Sahara India Pariwar. Despite the double payment for single liability, Sahara India has been continuously depositing money of around ₹20,000 crore (including interest earned) in Sahara-Sebi account.


Charitable work

The Sahara Welfare Foundation, the social development unit of Sahara India Pariwar, runs social welfare projects. The company assisted the families of Indian soldiers killed in the
Kargil War The Kargil War, was fought between India and Pakistan from May to July 1999 in the Kargil district of Ladakh, then part of the Indian-administered state of Jammu and Kashmir (state), Jammu and Kashmir and along the Line of Control (LoC). In In ...
with a commitment of ₹50 crore (US$10.65 million )Sahara to pay martyrs' families 5 times salary for 10 yrs
, ''The Indian Express''
Sahara will pay salaries of Mumbai martyrs
''The Economic Times''
Sahara to pay martyrs' families
''DNA''
The company claims to have assisted families whose homes were damaged in the
2006 Gujarat earthquake The Indian subcontinent has a history of earthquakes. The reason for the intensity and high frequency of earthquakes is the Indian plate driving into Asia at a rate of approximately 47 mm/year. The following is a list of major earthquakes whic ...
. Other welfare activities include water purification systems and education resource systems in Indian villages. In 2013, Sahara contributed to the relief efforts in flood-hit
Uttarakhand Uttarakhand (, ), also known as Uttaranchal ( ; List of renamed places in India, the official name until 2007), is a States and union territories of India, state in North India, northern India. The state is bordered by Himachal Pradesh to the n ...
region wherein 100,000 bottles of drinking water, juice bottles and food packets along with candles and match boxes were said to be provided by them. There were 25 medical health unit vans equipped with doctors and free medicines made available and It was said by the group that, they will contribute to the rehabilitation program by constructing 10,000 pre-fabricated houses. Working towards eradicating hunger and malnutrition in India, Sahara India Pariwar's Hotel Sahara Star based in Mumbai joined hands with Feeding India to provide food to the underprivileged communities.


Guinness World Records

* Sahara holds the record for the most people singing a national anthem simultaneously. 121,653 employees of the company sang India's national anthem on 6 May 2013 in Lucknow, India."Sahara's national anthem feat gets Guinness honour"
''
The Times of India ''The Times of India'' (''TOI'') is an Indian English-language daily newspaper and digital news media owned and managed by the Times Group. It is the List of newspapers in India by circulation, third-largest newspaper in India by circulation an ...
'', 7 May 2013
* Sahara India Pariwar's Sahara Q Shop entered into the
Guinness World Records ''Guinness World Records'', known from its inception in 1955 until 1999 as ''The Guinness Book of Records'' and in previous United States editions as ''The Guinness Book of World Records'', is a British reference book published annually, list ...
when it opened record 315 outlets in 10 states of India, all at once on 1 April 2013.


References


External links

* {{Authority control Service companies of India Companies based in Lucknow Conglomerate companies established in 1978 Entertainment companies established in 1978 1978 establishments in Uttar Pradesh Producers who won the Best Film on National Integration National Film Award