NEW DELHI — Sahara Group Chief Subrata Roy died of cardiorespiratory arrest on Tuesday, according to a company statement. He was 75.
According to the company statement, he passed away at 10.30 pm due to cardiorespiratory arrest following an extended battle with complications arising from metastatic malignancy, hypertension, and diabetes.
He was admitted to Kokilaben Dhirubhai Ambani Hospital & Medical Research Institute in Mumbai on Sunday after his health deteriorated, it added.
“His loss will be deeply felt by the entire Sahara India Pariwar,” it said.
Roy was one of the most prominent businessmen of his time and built the Sahara Group into multiple sectors. Roy, also known as Saharashri among his Sahara colleagues, went onto push his enterprise into becoming the largest congolomerate of India at the time.
In 2004, Time magazine termed the Sahara Group as “the second-largest employer in India” due its 1.2 million strong workforce which stood second only to the Indian Railways workforce. — (PTI)