Sahara India Pariwar#Sports

Sahara India Pariwar was founded by Subrata Roy Sahara in 1978.{{cite news|title=About Subrata Roy Sahara|url=https://www.subrataroysahara.com/biography/about-subrata-roy-sahara/|access-date=4 November 2020|archive-date=23 April 2021|archive-url=https://web.archive.org/web/20210423042308/https://www.subrataroysahara.com/biography/about-subrata-roy-sahara/|url-status=usurped}}{{cite web |url=http://investing.businessweek.com/businessweek/research/stocks/private/person.asp?personId=30295315&privcapId=10851474&previousCapId=20375105&previousTitle=Sahara%20Housingfina%20Corporation%20Ltd |title=Subrata Roy Sahara |work=Bloomberg BusinessWeek |access-date=12 September 2011 |archive-date=12 March 2023 |archive-url=https://web.archive.org/web/20230312155651/https://www.bloomberg.com/markets/stocks?blocklist=3511059 |url-status=dead }} In 2004, Sahara group was termed by the Time magazine as 'the second largest employer in India' after the Indian Railways. The group operates more than 5,000 establishments across India{{cite book|last1=Tamal|first1=Bandyopadhyday|title=Sahara: The Untold Story|date=June 2014|publisher=Jaico Publishers|location=Delhi, India|edition=1|url=https://www.amazon.com/Sahara-Untold-Story-Tamal-Bandyopadhyay-ebook/dp/B00KS46HQO|access-date=11 February 2015|archive-date=11 February 2015|archive-url=https://web.archive.org/web/20150211153744/http://www.amazon.com/Sahara-Untold-Story-Tamal-Bandyopadhyay-ebook/dp/B00KS46HQO|url-status=live}} with the employee strength around 1.2 million (both field and office) under the Sahara India umbrella.{{cite web |url=http://www.firstpost.com/business/saharas-subrata-roy-is-planning-a-comeback-and-high-on-his-priority-is-online-education-4161227.html |title=Sahara's Subrata Roy is planning a comeback and high on his priority is online education |publisher=Firstpost.com |date=2017-10-21 |accessdate=2022-04-14 |archive-date=6 January 2018 |archive-url=https://web.archive.org/web/20180106064428/http://www.firstpost.com/business/saharas-subrata-roy-is-planning-a-comeback-and-high-on-his-priority-is-online-education-4161227.html |url-status=live }}

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.[http://articles.economictimes.indiatimes.com/2008-04-05/news/27734073_1_sushanto-roy-sahara-group-residential-projects, Sahara Group enters real estate] {{Webarchive|url=https://web.archive.org/web/20230312155650/https://economictimes.indiatimes.com/defaultinterstitial.cms |date=12 March 2023 }}, The Economic Times, 5 February 2008[http://indiatoday.intoday.in/story/The+good+life/1/4550.html THE GOOD LIFE] {{Webarchive|url=https://web.archive.org/web/20120218110629/http://indiatoday.intoday.in/story/The+good+life/1/4550.html |date=18 February 2012 }}, INDIA TODAY, 15 February 2008 Sahara has a collaboration with Turner Construction, an American building company, in some of its projects.[http://in.reuters.com/article/sahara-turner-idINDEE81808G20120209 Sahara launches construction JV with Turner] {{Webarchive|url=https://web.archive.org/web/20160111082326/http://in.reuters.com/article/sahara-turner-idINDEE81808G20120209 |date=11 January 2016 }}, rel="nofollow",REUTERS, 9 February 2012

Sahara India Pariwar announced the launch of Electric Vehicles under the brand name Sahara Evols in June 2019.{{Cite news|url=https://www.news18.com/news/auto/sahara-to-roll-out-evols-electric-vehicle-range-later-this-year-2182045.html|title=Sahara to Roll Out 'Evols' Electric Vehicle Range Later This Year|work=News 18|access-date=16 January 2020|archive-date=16 January 2020|archive-url=https://web.archive.org/web/20200116052518/https://www.news18.com/news/auto/sahara-to-roll-out-evols-electric-vehicle-range-later-this-year-2182045.html|url-status=live}}{{Cite news|url=https://www.business-standard.com/article/pti-stories/sahara-makes-foray-into-ev-business-119060400863_1.html|title=Subrata Roy's Sahara enters automobile sector; to offer wide range of EVs|work=Business Standard|access-date=16 January 2020|archive-date=16 January 2020|archive-url=https://web.archive.org/web/20200116052450/https://www.business-standard.com/article/pti-stories/sahara-makes-foray-into-ev-business-119060400863_1.html|url-status=live}} The product line of Sahara Evols initially consists of motorbikes, scooters, e-rickshaws and 3-wheeler cargo vehicles, charging stations and EV batteries.{{Cite news|url=https://inc42.com/buzz/sahara-group-bets-on-electric-vehicles-with-launch-of-sahara-evols/|title=Lucknow's Sahara Group Ventures Into EV With Launch Of Sahara Evols|work=Inc 42|access-date=16 January 2020|archive-date=17 November 2019|archive-url=https://web.archive.org/web/20191117210001/https://inc42.com/buzz/sahara-group-bets-on-electric-vehicles-with-launch-of-sahara-evols/|url-status=live}}{{Cite news|url=https://pressroom.today/2019/06/04/sahara-enters-automobile-sector-rolls-out-the-largest-range-of-electric-vehicles-in-india/|title=Sahara enters Automobile Sector; rolls out the largest range of Electric Vehicles in India|work=Pressroom Today|access-date=16 January 2020|archive-date=16 January 2020|archive-url=https://web.archive.org/web/20200116052522/https://pressroom.today/2019/06/04/sahara-enters-automobile-sector-rolls-out-the-largest-range-of-electric-vehicles-in-india/|url-status=live}}

Sahara owns several professional sports teams in India in a variety of sports. In badminton, it owns the Awadhe Warriors of Lucknow, one of the eight teams in the Indian Badminton League.[https://web.archive.org/web/20130721232448/http://articles.timesofindia.indiatimes.com/2013-07-16/badminton/40612101_1_indian-badminton-league-top-four-franchises-ibl Sahara buys IBL's Lucknow franchise], The Times of India, 16 July 2013 It owned the Pune Warriors India, a franchise cricket team that played in the Indian Premier League (IPL).[http://timesofindia.indiatimes.com/sports/cricket/ipl-2011/news/2-new-IPL-teams-cost-more-than-first-8-squads-together/iplarticleshow/5709804.cms 2 New IPL Team] {{Webarchive|url=https://web.archive.org/web/20110607214614/http://timesofindia.indiatimes.com/sports/cricket/ipl-2011/news/2-new-IPL-teams-cost-more-than-first-8-squads-together/iplarticleshow/5709804.cms |date=7 June 2011 }}, The Times of India, 22 March 2010

The company launched the Sahara Warriors Polo Team in 2012.{{cite news| url= http://post.jagran.com/sahara-india-pariwar-launches-polo-team-sahara-warriors-1353562384| title= Sahara India Pariwar launches Polo team Sahara Warriors| date= 22 November 2012| access-date= 17 December 2012| archive-date= 5 December 2012| archive-url= https://web.archive.org/web/20121205062850/http://post.jagran.com/Sahara-India-Pariwar-launches-Polo-team-Sahara-Warriors-1353562384| url-status= live}} From 2005 to 2014 Calcutta Football League was sponsored by Sahara.

In July 2012, Sahara India Pariwar picked up the Lucknow franchise of the Hockey India League, the Uttar Pradesh Wizards.{{cite news | url= http://www.thehindu.com/sport/hockey/article3675379.ece | title= Sahara to own hockey franchise | date= 24 July 2012 | location= Chennai, India | work= The Hindu | access-date= 25 July 2012 | archive-date= 27 July 2012 | archive-url= https://web.archive.org/web/20120727043159/http://www.thehindu.com/sport/hockey/article3675379.ece | url-status= live }} It was also the sponsor of the Bangladesh Cricket Team from 2012 to 2015.{{cite news|title=Sahara set to become Bangladesh sponsor|url=http://ibnlive.in.com/news/cricketnext/sahara-set-to-become-bangladesh-sponsor/364892-78.html|archive-url=https://web.archive.org/web/20140228210837/http://ibnlive.in.com/news/cricketnext/sahara-set-to-become-bangladesh-sponsor/364892-78.html|url-status=dead|archive-date=2014-02-28|access-date=24 February 2014|newspaper=IBNLive|date=2012-05-30}}

The group owns the national Hindi news channel Jain TV.[https://web.archive.org/web/20131217115811/http://economictimes.indiatimes.com/sahara-samay-bags-international-honour/articleshow/1070998.cms Sahara Samay bags international honor], The Economic Times, 6 April 2005

The group owns Headend-in-the-sky Platform Jainhits.[http://www.rediff.com/money/2003/feb/01sahara.htm, Sahara plans three weekly newspapers], Rediff.com, 1 February 2003

[http://www.indiaglitz.com/channels/kannada/article/25059.html, Sahara One Motion Pictures – a banner in the right direction] {{Webarchive|url=https://web.archive.org/web/20131102003821/http://www.indiaglitz.com/channels/kannada/article/25059.html, |date=2 November 2013 }}, IndiaGlitz.com,5 September 2006[https://www.reuters.com/article/idUSN1820906520100918 Indian {{sic|nolink=y|reason=error in source|Congolomerate}} In Talks About MGM Bid] {{Webarchive|url=https://web.archive.org/web/20220126034152/https://www.reuters.com/article/idUSN1820906520100918 |date=26 January 2022 }}, Reuters, 18 September 2010[https://www.google.com/hostednews/ap/article/ALeqM5g5GTTr6kQlzLmHQkpcodm8VdvnkAD9IEECQG1 Sahara Says MGM Studio Creditors Reject $2 Billion Bid] {{Webarchive|url=https://web.archive.org/web/20100928113357/http://www.google.com/hostednews/ap/article/ALeqM5g5GTTr6kQlzLmHQkpcodm8VdvnkAD9IEECQG1 |date=28 September 2010 }}, Google, 24 September 2010

File:Grosvenor House Hotel 1920s 001.jpg, 1920s postcard illustration]]

Sahara owned a controlling stake in New York's Plaza Hotel and Dream Downtown Hotel, New York.{{cite web |url=http://www.hindustantimes.com/business-news/CorporateNews/New-York-s-Plaza-Hotel-sold-to-Sahara-for-570-million/Article1-905742.aspx |title=Sahara checks into iconic New York hotel |work=Hindustan Times |date=31 July 2012 |access-date=30 September 2012 |url-status=dead |archive-url=https://archive.today/20140128082727/http://www.hindustantimes.com/business-news/CorporateNews/New-York-s-Plaza-Hotel-sold-to-Sahara-for-570-million/Article1-905742.aspx |archive-date=28 January 2014 }}[https://web.archive.org/web/20131102170940/http://articles.timesofindia.indiatimes.com/2010-12-31/india-business/28237182_1_grosvenor-house-sahara-india-sahara-group Sahara buys UK hotel for Rs 3,275cr], The Times of India, 31 December 2010 Sahara sold the hotel to Katara Hospitality in July 2018.{{Cite news|first1=Craig|last1=Karmin|first2=Keiko|last2=Morris|date=3 July 2018|title=New York's Iconic Plaza Hotel Sold to Qatar Fund for $600 Million|language=en-US|work=The Wall Street Journal|url=https://www.wsj.com/articles/new-yorks-iconic-plaza-hotel-sold-to-qatar-fund-for-600-million-1530633873|access-date=1 December 2020|issn=0099-9660|archive-date=9 November 2020|archive-url=https://web.archive.org/web/20201109031136/https://www.wsj.com/articles/new-yorks-iconic-plaza-hotel-sold-to-qatar-fund-for-600-million-1530633873|url-status=live}}

In India, the group owns the "Sahara Star" hotel near Mumbai's Chhatrapati Shivaji International Airport.

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 ₹157 crores. Sahara India Life Insurance Company Ltd. (SILICA) is a life insurance 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.{{cite web | url=http://www.cafemutual.com/UploadPdf/634840988848668750_Lipper%20Fund%20Awards%202012%20India.pdf | title=LIPPER FUND AWARDS 2012 INDIA WINNERS LIST, "cafemutual.com" | access-date=15 January 2015 | archive-date=15 October 2013 | archive-url=https://web.archive.org/web/20131015031625/http://cafemutual.com/UploadPdf/634840988848668750_Lipper%20Fund%20Awards%202012%20India.pdf | url-status=live }}

On 13 August 2012, Sahara India announced the opening of its retail FMCG 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.[http://businesstoday.intoday.in/story/sahara-enters-retail-to-launch-800-q-shops/1/187143.html, Sahara enters retail, to launch 800 'Q' Shops] {{Webarchive|url=https://web.archive.org/web/20230312155710/https://www.businesstoday.in/latest/corporate/story/sahara-enters-retail-to-launch-800-q-shops-33322-2012-08-13 |date=12 March 2023 }}, Business Today, 16 August 2012 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.[https://web.archive.org/web/20120814142216/http://www.hindustantimes.com/business-news/CorporateNews/Sahara-in-Rs-3-000-cr-Q-Shop-retail-foray/Article1-913134.aspx Sahara in Rs. 3,000-cr ‘Q Shop’ retail foray], Hindustan Times, 13 August 2012 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 when it opened 315 outlets in 10 states of India, at once on 1 April 2013.{{Cite press release |last=Ahadion |first=Ayat |date=5 June 2017 |title=Sahara Q shop makes it to the Guinness World Records |url=https://goodherald.com/sahara-q-shop-makes-it-to-the-guinness-world-records/ |publisher=Good Herald |access-date=3 August 2017 |archive-date=3 August 2017 |archive-url=https://web.archive.org/web/20170803211442/https://goodherald.com/sahara-q-shop-makes-it-to-the-guinness-world-records/ |url-status=live }}

The group owns a hospital in Lucknow 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.[http://www.expresshealthcare.in/200904/market01.shtml Nawabi Entry in Healthcare] {{Webarchive|url=https://web.archive.org/web/20121204072156/http://www.expresshealthcare.in/200904/market01.shtml |date=4 December 2012 }}, Express Healthcare, 1 April 2009 Anil Vikram Singh, Sr. Advisor, Sahara India Pariwar, currently heads the hospital.

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.{{cite web |author=TNN / Updated: Nov 25, 2017, 11:28 IST |url=https://timesofindia.indiatimes.com/city/ranchi/sahara-eyes-slice-of-online-education-sector/articleshow/61792105.cms |title=Sahara eyes slice of online education sector | Ranchi News - Times of India |publisher=Timesofindia.indiatimes.com |date=2017-11-25 |accessdate=2022-04-14 |archive-date=26 November 2017 |archive-url=https://web.archive.org/web/20171126001007/https://timesofindia.indiatimes.com/city/ranchi/sahara-eyes-slice-of-online-education-sector/articleshow/61792105.cms |url-status=live }} 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.{{Cite news|url=https://www.deccanchronicle.com/business/companies/020718/sahara-confident-of-getting-out-of-financial-constraints-by-fy19.html|title=Sahara confident of getting out of financial constraints by FY19|work=Deccan Chronicle|access-date=3 July 2018|archive-date=3 July 2018|archive-url=https://web.archive.org/web/20180703134257/https://deccanchronicle.com/business/companies/020718/sahara-confident-of-getting-out-of-financial-constraints-by-fy19.html|url-status=live}}

The group owned an airline, Air Sahara, which it sold to Jet Airways in 2007.{{Cite news |title=Jet buys Sahara Airlines at Rs 1450 cr |work=The Economic Times |url=https://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/jet-buys-sahara-airlines-at-rs-1450-cr/articleshow/1898015.cms?from=mdr |access-date=2022-04-04 |archive-date=4 April 2022 |archive-url=https://web.archive.org/web/20220404090047/https://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/jet-buys-sahara-airlines-at-rs-1450-cr/articleshow/1898015.cms?from=mdr |url-status=live }}

In October 2011, Sahara purchased 42.5% of the Force India Formula One team.{{cite news|title=Sahara Group takes 42.5% stake in Force India Formula One team|url=https://www.theguardian.com/sport/2011/oct/12/sahara-force-india-formula-one?newsfeed=true|work=The Guardian|date=12 October 2011|access-date=12 October 2011|location=London|archive-date=14 December 2013|archive-url=https://web.archive.org/web/20131214113538/http://www.theguardian.com/sport/2011/oct/12/sahara-force-india-formula-one?newsfeed=true|url-status=live}}{{cite news|title=Sahara buys 42% stake in Mallya's Force India F1 team |url=http://timesofindia.indiatimes.com/sports/racing/Sahara-buys-42-stake-in-Mallyas-Force-India-F1-team/articleshow/10329046.cms |work=The Times of India |publisher=The Times Group |date=12 October 2011 |access-date=12 October 2011 |url-status=dead |archive-url=https://web.archive.org/web/20111015000425/http://timesofindia.indiatimes.com/sports/racing/Sahara-buys-42-stake-in-Mallyas-Force-India-F1-team/articleshow/10329046.cms |archive-date=15 October 2011 }} The team finished as best 4th in the constructors championship in 2016 and 2017.

File:F1 2012 Jerez test - Force India 2 (cropped).jpg driving the Force India VJM05 carrying Sahara branding]]

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.{{cite web|url=http://www.educationworld.in/institute/international-school-aamby/profile.html|title=International school aamby :: Educationworld.in|website=Educationworld.in|access-date=19 January 2015|archive-date=7 November 2017|archive-url=https://web.archive.org/web/20171107010628/http://www.educationworld.in/institute/international-school-aamby/profile.html|url-status=dead}}

{{Main|Sahara India Pariwar investor fraud case}}

Being a largely unlisted company Sahara India Parivar's activities have come under criticism largely because of legal issues it is facing.{{cite web|last1=Bandyopadhyay|first1=Tamal|title=Excerpt from the book "Sahara: The untold story"|url=http://businesstoday.intoday.in/story/book-review---sahara-the-untold-story/1/201081.html|website=Business Today|date=5 December 2013|publisher=Jaico Publishers|access-date=11 February 2015|archive-date=12 February 2015|archive-url=https://web.archive.org/web/20150212063325/http://businesstoday.intoday.in/story/book-review---sahara-the-untold-story/1/201081.html|url-status=live}}

On 26 February 2014, the Supreme Court of India had issued warrants to summon Subrata Roy,{{cite web |date=2014-02-26 |title=SC issues arrest warrant against Subrata Roy |url=https://www.hindustantimes.com/india/sc-issues-arrest-warrant-against-subrata-roy/story-iYFI0mpTx4NQUZniWKDVJK.html |access-date=2022-04-04 |website=Hindustan Times |language=en |archive-date=4 April 2022 |archive-url=https://web.archive.org/web/20220404090047/https://www.hindustantimes.com/india/sc-issues-arrest-warrant-against-subrata-roy/story-iYFI0mpTx4NQUZniWKDVJK.html |url-status=live }} 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 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, 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 {{INRConvert|23500|c}} and only around {{INRConvert|2260|c}} are left against which Sahara has already deposited more than {{INRConvert|12000|c}} which has with interest swelled to {{INRConvert|16000|c}}. 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 {{INRConvert|725.9|c}} 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 {{INRConvert|24000|c}} 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, 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.{{cite news|url= http://timesofindia.indiatimes.com/business/india-business/Sahara-to-get-truckloads-of-papers-back-from-Sebi/articleshow/50989184.cms|title= Sahara to get truckloads of papers back from Sebi|newspaper= Times Of India|date= 15 February 2016|access-date= 15 February 2016|archive-date= 15 February 2016|archive-url= https://web.archive.org/web/20160215143054/http://timesofindia.indiatimes.com/business/india-business/Sahara-to-get-truckloads-of-papers-back-from-Sebi/articleshow/50989184.cms|url-status= live}}

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 {{INRConvert|64|c}} to the investors while it has {{INRConvert|16000|c}} 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.{{cite news|url= http://timesofindia.indiatimes.com/business/india-business/4600-Sahara-investors-claim-refund-from-Sebi/articleshow/44765138.cms|title= 4,600 Sahara investors claim refund from Sebi|newspaper= Times Of India|date= 10 October 2014|access-date= 10 October 2014|archive-date= 10 October 2014|archive-url= https://web.archive.org/web/20141010143947/http://timesofindia.indiatimes.com/business/india-business/4600-Sahara-investors-claim-refund-from-Sebi/articleshow/44765138.cms|url-status= live}}

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 {{INRConvert|10000|c}}.{{cite news|title=SC grants conditional bail to Sahara chief Subrata Roy|url=http://timesofindia.indiatimes.com/india/SC-grants-conditional-bail-to-Sahara-chief-Subrata-Roy/articleshow/32719977.cms|newspaper=Times of India|date=26 March 2014|access-date=26 March 2014|archive-date=26 March 2014|archive-url=https://web.archive.org/web/20140326205324/http://timesofindia.indiatimes.com/india/SC-grants-conditional-bail-to-Sahara-chief-Subrata-Roy/articleshow/32719977.cms|url-status=live}} Subrata was eventually taken into judicial custody and sent to Tihar jail, along with two other Sahara directors, on 4 March 2014 for failing to deposit {{INRConvert|10000|c}} with SEBI.{{cite news|url=http://www.firstpost.com/india/subrata-roy-sent-to-tihar-jail-full-text-of-sc-order-on-sahara-case-1419081.html|title=Subrata Roy sent to Tihar jail: Full text of SC order on Sahara case|newspaper=First Post|date=4 March 2014|access-date=1 August 2016|archive-date=31 October 2016|archive-url=https://web.archive.org/web/20161031031745/http://www.firstpost.com/india/subrata-roy-sent-to-tihar-jail-full-text-of-sc-order-on-sahara-case-1419081.html|url-status=live}} In Tihar jail, Subrata unsuccessfully tried to sell some of his hotel properties to raise {{INRConvert|10000|c}} for his bail bond.{{cite news|url=http://timesofindia.indiatimes.com/business/india-business/From-Tihar-jail-Sahara-chief-Subrata-Roy-tries-to-sell-the-New-York-Plaza/articleshow/39987868.cms|title=From Tihar jail, Sahara chief Subrata Roy tries to sell the New York Plaza|newspaper=Times of India|date=10 August 2014|access-date=20 August 2014|archive-date=13 August 2014|archive-url=https://web.archive.org/web/20140813021700/http://timesofindia.indiatimes.com/business/india-business/From-Tihar-jail-Sahara-chief-Subrata-Roy-tries-to-sell-the-New-York-Plaza/articleshow/39987868.cms|url-status=live}} 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.{{cite web|url=http://www.thehindu.com/news/national/sahara-chief-subrata-roy-gets-4week-parole-for-mothers-funeral/article8565838.ece|title=SC grants four-week parole to Sahara chief|work=The Hindu|date=7 May 2016|access-date=1 August 2016|archive-date=27 November 2016|archive-url=https://web.archive.org/web/20161127183831/http://www.thehindu.com/news/national/sahara-chief-subrata-roy-gets-4week-parole-for-mothers-funeral/article8565838.ece|url-status=live}}

On 1 July 2018, the group revealed that majority of {{INRConvert|20000|c}} 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.{{Cite news|url=https://timesofindia.indiatimes.com/business/india-business/sahara-says-confident-of-getting-out-of-financial-constraints-by-next-fiscal-entering-new-businesses/articleshow/64812873.cms|title=Sahara says confident of getting out of financial constraints by next fiscal, entering new businesses|work=The Times of India|access-date=3 July 2018|archive-date=25 July 2018|archive-url=https://web.archive.org/web/20180725163852/https://timesofindia.indiatimes.com/business/india-business/sahara-says-confident-of-getting-out-of-financial-constraints-by-next-fiscal-entering-new-businesses/articleshow/64812873.cms|url-status=live}}{{Cite news|url=https://www.moneycontrol.com/news/business/sahara-says-confident-of-getting-out-of-financial-constraints-by-next-fiscal-entering-new-businesses-2656371.html|title=Sahara says confident of getting out of financial constraints by next fiscal, entering new businesses|work=Moneycontrol|access-date=24 October 2018|archive-date=3 July 2018|archive-url=https://web.archive.org/web/20180703162819/https://www.moneycontrol.com/news/business/sahara-says-confident-of-getting-out-of-financial-constraints-by-next-fiscal-entering-new-businesses-2656371.html|url-status=live}}

The Sahara Welfare Foundation, the social development unit of Sahara India Pariwar, runs social welfare projects.[http://www.dnaindia.com/sport/1646079/report-sahara-to-put-in-rs1000-crore-in-welfare-foundation Sahara to put in Rs1000 crore in welfare foundation], DNA, 5 February 2012[http://www.sahara.in/csr.html, Sahara Welfare Foundation], Sahara India{{Cite web |url=http://www.saharawelfarefoundation.com/index.html |title= Sahara Welfare Foundation |access-date=15 April 2013 |archive-date=1 November 2013 |archive-url=https://web.archive.org/web/20131101101057/http://www.saharawelfarefoundation.com/index.html |url-status=live }} The company assisted the families of Indian soldiers killed in the Kargil War with a commitment of ₹50 crore (US$10.65 million )[http://expressindia.indianexpress.com/latest-news/sahara-to-pay-martyrs-families-5-times-salary-for-10-yrs/392466/, Sahara to pay martyrs' families 5 times salary for 10 yrs ] {{Webarchive|url=https://web.archive.org/web/20230312155708/http://archive.indianexpress.com/news/sahara-to-pay-martyrs-families-5-times-salary-for-10-yrs/392466 |date=12 March 2023 }}, The Indian Express[http://economictimes.indiatimes.com/articleshow/3773901.cms, Sahara will pay salaries of Mumbai martyrs ], The Economic Times

[http://www.dnaindia.com/india/1210447/report-sahara-to-pay-martyrs-families-five-times-salary, Sahara to pay martyrs' families ], DNA The company claims to have assisted families whose homes were damaged in the 2006 Gujarat earthquake. Other welfare activities include water purification systems and education resource systems in Indian villages.[http://economictimes.indiatimes.com/news/news-by-company/corporate-trends/sahara-india-to-adopt-1000-villages-for-all-round-development/articleshow/20525558.cms, Sahara India to adopt 1,000 villages for all round development ], The Economic Times, 10 June 2013[http://timesofindia.indiatimes.com/business/india-business/Sahara-flags-off-prog-to-adopt-1000-villages/articleshow/20549781.cms Sahara flags off prog to adopt 1,000 villages] {{Webarchive|url=https://web.archive.org/web/20130927010820/http://timesofindia.indiatimes.com/business/india-business/Sahara-flags-off-prog-to-adopt-1000-villages/articleshow/20549781.cms |date=27 September 2013 }}, The Economic Times, 12 June 2013[http://www.indiacsr.in/en/?p=10243, Subrata Roy Sahara Announced to Adopt 1000 Villages in 7 States Under CSR ] {{Webarchive|url=https://web.archive.org/web/20230312155716/https://indiacsr.in/enable-integrate-empower-the-crisil-way-to-strengthening-financial-capabilities/ |date=12 March 2023 }}, India CSR, 1 April 2013

In 2013, Sahara contributed to the relief efforts in flood-hit Uttarakhand 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.{{cite news |url=http://timesofindia.indiatimes.com/business/india-business/Sahara-joins-Uttarakhand-relief-work/articleshow/20735878.cms |title=Sahara joins Uttarakhand relief work – |work=The Times of India |date=24 June 2013 |access-date=2014-03-05 |archive-date=1 July 2016 |archive-url=https://web.archive.org/web/20160701212039/http://timesofindia.indiatimes.com/business/india-business/Sahara-joins-Uttarakhand-relief-work/articleshow/20735878.cms |url-status=live }}

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.{{cite web|last=Ankita|date=2019-02-18|title=Sahara India Pariwar's Mumbai hotel joins hands with Feeding India as a CSR initiative|url=https://crossbarriers.org/sahara-india-pariwars-hotel-joins-hands-feeding-india/|access-date=2021-01-14|website=Cross Barriers|language=en-US|archive-date=22 January 2021|archive-url=https://web.archive.org/web/20210122015919/https://crossbarriers.org/sahara-india-pariwars-hotel-joins-hands-feeding-india|url-status=live}}

• 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.[https://web.archive.org/web/20130607065157/http://articles.timesofindia.indiatimes.com/2013-05-07/lucknow/39089770_1_sahara-india-pariwar-jana-gana-mana-guinness-world-record "Sahara's national anthem feat gets Guinness honour"], The Times of India, 7 May 2013
• Sahara India Pariwar's Sahara Q Shop entered into the Guinness World Records when it opened record 315 outlets in 10 states of India, all at once on 1 April 2013.

{{Reflist|26em}}

• {{Official website|http://www.sahara.in/}}

{{Authority control}}

Category:Service companies of India

Category:Companies based in Lucknow

Category:Conglomerate companies established in 1978

Category:Entertainment companies established in 1978

Category:1978 establishments in Uttar Pradesh

Category:Producers who won the Best Film on National Integration National Film Award