A known name in the Indian as well as international business circles, Subrata Roy celebrates his 70th birthday today. As Roy touches the septuagenarian milestone, we bring to you some interesting and lesser known facts about his life. Take a look:
- Born to middle class parents in Araria, Bihar
Subrata Roy was born on June 10, 1948, to Chhavi and Sudhir Chandra Roy in Arariya, Bihar. The eldest son of the family, Roy lived along with his parents and siblings in Turkmanpur, area after the family shifted to Gorakhpur, Uttar Pradesh.
- A bright student
Subrata Roy was a good scorer as a kid. Owing to his interest in technical education, he went on to earn a diploma in Mechanical Engineering from the Government Technical Institute, Gorakhpur.
- Subrata Roy used to sell salted snacks
It might surprise you, considering the successful business tycoon that he is now, but Subrata Roy did sell salted snacks on a Lambretta scooter in Gorakhpur (Uttar Pradesh). He initially wanted to take up a job, but had to drop the idea to support his family when his father passed away. He called his venture Jaya Products. The scooter now stands in a glass cubicle at the company’s headquarters Sahara Bhawan in Lucknow’s Aliganj area as a reminder of the humble beginnings of the Saharashri.
- Sahara India started as a single establishment in Gorakhpur
Subrata Roy laid the foundation of Sahara India in 1978, when he opened a small office for his business of deposits and para-banking in Gorakhpur. The company, Sahara India Financial, started off with 42 depositors in a single establishment. Most of his first clients were the daily-wage workers who would invest 20% of their daily wages with him, dreaming to make it big.
- Persistence, hard work gave birth to the India’s largest conglomerate
Sahara India Pariwar has achieved great success ever since its inception in 1978. Under the aegis of Subrata Roy, the group today has 6.1 crore depositors through 1,707 establishments across the nation. With a net worth of over $10 billion, Sahara India was termed by the Time magazine as ‘the second largest employer in India after the Indian Railways’.
- He is an avid humanitarian
There’s more to Subrata Roy’s personality than that meets the eye. He has actively supported humanitarian causes over the years. He provided financial aid to the 127 families of kargil martyrs. His action was praised by the then-Prime Minister Atal Bihari Vajpayee. Roy also contributed to the relief efforts in flood hit Uttarakhand in 2013.
- Humility is his second name
Subrata Roy considers his employees as his family, and promotes the formation of kinship bonds among the workers. Instead of the titles of Chairman or Managing Director, he prefers to be known as the Chief Guardian. He also prefers calling Sahara Group as ‘Sahara India Pariwar’.
We wish Subrata Roy a happy 70th birthday!