Sahara India Pariwar

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Sahara Pariwar
Type Private
Industry Conglomerate
Founded 1978 (Gorakhpur, India)
Founder(s) Subrata Roy Sahara
Headquarters Lucknow, India
Area served India
Key people Subrata Roy Sahara (Chairman)
Products Financial services
Construction
Mass media
Retailing
IT Services & Outsourcing
Revenue INR73,000 Crore (2011)[1]
Website www.sahara.in

Sahara India Pariwar is an Indian conglomerate company headquartered in Lucknow, India. Its diversified business has interest in finance, infrastructure & housing, media & entertainment, consumer merchandise retail venture, manufacturing and information technology. The company has a market capitalisation of US$25.94 billion as of March 2011.[2] The group is a major promoter of sports in India. It owned the New IPL team Pune Warriors India. Sahara is the main sponsor of the Indian cricket Team. They own 42.5% stake in Formula One's Force India Formula 1 Team and also sponsors India national field hockey team.[3] The Brand Trust Report listed Sahara in the top 100 most trusted brands of India. The report was published by Trust Research Advisory.[4]

Contents

Subrata Roy Sahara[edit]

Subrata Roy Sahara
Subrata Roy Sahara.jpg

He is named among the 10 Most Powerful People of India by India Today. His residence is in Lucknow, Uttar Pradesh, India. Subrata Roy Sahara founded Sahara India Pariwar in 1978.

Guinness World Record[edit]

  • New World Record of Largest Group to Sing National Anthem at One Place.[5]

On 6 May 2013, 121,653 staff and workers of Sahara India Pariwar recited the National Anthem 'Jana Gana Mana' in unison at a place, eclipsing the current Guinness record of 42,813 persons held by Pakistan.The patriotic fervour did not stop here, as more than 10 lakh staff at 4,512 offices of Sahara also sang the National Anthem together.[6] Guinness World Records representatives were present in the stadium to monitor the record attempt.[7]

  • Sahara India Pariwar’s Sahara Q Shop Entered into the Guinness World Records when it opened record 315 outlets in 10 states of India, just at one time on 1 April 2013[8]
  • On June 5, 1998 Aamby Valley City had set a world record by planting 125,256 trees in 6 hours 35 minutes with the help of 1400 volunteers.[9][10][11]

Sahara Real Estate[edit]

The flagship real estate project of Sahara Sahara City Homes chain of townships is proposed to be across 217 cities in India.[12] In 2011 it launched Sahara Grace brand Phase II, a residential complex at Kochi.[13] After Sahara Grace at Gurgaon and Lucknow the Kochi project is the third under this brand which is positioned to provide a product mix of apartments and penthouses to its residents[citation needed]. Other ventures of Sahara real estate business are Sahara States – Kanpur, Lucknow, Gorakhpur, Hyderabad and Bhopal, Brand malls – Sahara Ganj, Lucknow and Sahara Mall, Gurgaon.[14]

Aamby Valley City[edit]

Airstrip at Aamby Valley
Main article: Aamby Valley City

Sahara has constructed Amby Valley City in Maharashtra near Lonavala off the Mumbai Pune Expressway. The city is spread over 10,600 acres of land.[15]

Sahara Prime City Limited[edit]

Main article: Turner Construction

The Sahara Prime City Limited operate in consultancy with foreign multinational Turner Construction Company. It entered the Indian construction and infrastructure sectors.[16] Sahara Prime City Limited, the real estate flagship company of Sahara India Pariwar, alongside Turner Construction Company, America’s largest building construction contractor and the Acropolis Capital Group, a development and investment-related corporate et in India. The company, Sahara Turner Construction Limited was launched by Subrata Roy Sahara - Managing Worker & Chairman, Sahara India Pariwar, Mr. Nicholas E. Billotti - President and C.E.O., Turner Construction International and Mr. Annat Jain - Managing Partner, Acropolis Capital Group.[17]

Sahara Asset Management Company Private Limited[edit]

Sahara Asset Management Company Pvt. Ltd. is a professional Mutual Fund House which manages 16 Mutual Fund Schemes in both Equity and Debt Segments. The Schemes have shown consistent and noteworthy performances. Sahara Banking & Financial Services Fund has been adjudged the Best Performing Banking Sector Fund over a 3-year Performance by the International Agency “Lippers.” The team follows a disciplined and professional approach in delivering high quality and consistent performances.[18]

Sahara Sports[edit]

Subrata Roy Sahara Stadium

Sahara pulls out of IPL, not to renew BCCI sponsorship The decision comes after the Lucknow-based firm's demand to bring down the franchisee fee was not agreed upon by the Board of Control for Cricket in India (BCCI). "It is firm and final decision of Sahara to withdraw from IPL," said a Sahara Statement.[19]

Pune Warriors India[edit]

Main article: Pune Warriors India

Sahara Adventure Sports Limited acquired Pune Warriors India, a franchise cricket team that plays in the Indian Premier League (IPL) for Rs. 1702 crores ($370 million).[20] The team was one of two new franchises added to the IPL for the 2011 season, alongside the Kochi Tuskers Kerala. The bid for the Pune franchise on 21 March 2010, is the highest bid by any company in the history of IPL.[21] The Subrata Roy Sahara Stadium outside Pune is the home ground of the team. On 21 May 2013 Sahara dumps T20 league, Team India, blames BCCI for decision - Since coming on board in 2010, Sahara have been demanding that the BCCI should reduce the franchise fee. Though the team was sold on the basis of a revenue calculation on 94 matches over 10 years, the number of matches was much less, so the fee should be cut, the group has been contending.[22]

Sahara Force India F1 Team[edit]

British driver Paul di Resta driving the Force India VJM05.
Main article: Force India

In October 2011, Sahara acquired 42.5% of the Force India Formula 1 Team for an estimated $US 100 million.[23] [24]

Sahara Warriors Polo Team[edit]

In 2012,Sahara launched the Polo Team. It also played in the India Polo Masters 2012.The team consists of renowned players such as Samir Suhag, Adhiraj Singh, George Meyrick, Max Charlton and Siddhant Sharma.[25]

Celebrity Cricket League[edit]

Celebrity Cricket League is a cricket league involving Bollywood, Sandalwood (Kannada), Tollywood (Telugu) and Kollywood (Tamil) film industry cricket teams. It was started in 2010 and takes place every year.

Sahara India Sports Awards[edit]

Sahara Sports Awards is an annual sports awards provided each year to the best Indian sport stars of various sports. It is organised by Sahara Group. It is popular in India and abroad. Sahara also sponsors the IPL Awards.

Uttar Pradesh Wizards[edit]

In July 2012, Sahara India Pariwar has picked up the Lucknow franchise of the upcoming Hockey India League (HIL). Sahara India is the owner of the Lucknow team Uttar Pradesh Wizards in HIL which will see six teams competing against each other.[26] The following players were bought in the official 2013 Hockey India League Players Auction on 16 December 2012.[27]

Bold = Marquee player.

Sports Sponsorships[edit]

Main article: Indian Cricket Team

Sahara has had sponsorship rights for the Indian Cricket Team since 2001. In 2005, Sahara had bagged the sponsorship for the Indian Cricket Team for INR400 crore (US$69 million) for a four-year period ending December 2009, and had agreed to continue for six more months as Board of Cricket Control in India could not find any sponsors. In May 2010, the group re-secured the sponsorship rights for the Indian men's cricket team till December 31, 2013. Sahara outbid Indian telecommunications services company Bharti Airtel for the right to sponsor Team India for INR3.3 crore (US$570,000) per match. Sahara and Airtel had submitted the eligibility documents and security deposits on Saturday and the bid was submitted on Monday and thereafter, BCCI's marketing committee decided the new sponsor of the India team.[28] On 21st May - 2013 after tiff on franchise fee in his IPL team Pune warrior, Sahara will not renew BCCI sponsorship after December 2013.There is a very strong urge in us to withdraw from the Indian Cricket Team Sponsorship from today only. But, interest of the players will suffer if we do so. We share an excellent relationship with the players and will not want such dedicated and good human beings who serve the country so committed to get harmed financially due to unsporting attitude of BCCI.[29]

Media[edit]

Sahara India Pariwar
Sahara-filmi-tv-logo.svg

Electronic Media[edit]

The group owns the national Hindi News Channel Samay, consisting of 36 city specific regional news channels Sahara Samay.

Sahara One- A General entertainment channel.

Filmy- A Hindi movie channel.

Firangi- An entertainment channel.

Sahara Samay - National News Channel[edit]

The journey in electronic media started with the emergence of ‘Sahara Samay Network’ as a news network of reach and repute. The network offers five regional 24x7 news channels catering to millions and millions of Hindi speaking viewers in the states of U.P./Uttarakhand, M.P./Chattisgarh, Bihar/Jharkhand, Delhi/NCR and Mumbai. Additionally the network also offers 'Samay', a 24-hr national news channel broadcast in over 66 countries. Sahara Samay received the "Broadcast Engineering Excellence Award" in 2008 for its network newsroom technology.[30]

Print Media[edit]

The group owns publishes and sells one magazine in English, 7 editions of Hindi Daily Newspaper Rashtriya Sahara, nine editions of Urdu Daily Newspaper Roznama Rashtriya Sahara and one International Urdu Weekly, Rashtriya Sahara[31]

Film & Entertainment[edit]

Sahara India Pariwar
Sahara One.PNG
Main article: Sahara One

The group is engaged in business of producing, marketing and distribution of motion pictures in Hindi and other regional Indian languages. Its successes include Bewafaa, Page 3, Sarkar, No Entry, Wanted.[32] In September 2010, the company was in talks to acquire MGM Studios, but the deal collapsed.[33][34] Sahara is willing to try again to take over MGM.[35]

Sahara is creating a Film City inclusive of infrastracture Sahara can utillise to sell to filmmakers software and other things to make movies, advertisements and tv programmes. The existing infrastructure of the Film City will be renovated and equipped with the most modern and latest technology[citation needed].

Hospitality[edit]

The Plaza Hotel
Main article: Plaza Hotel

On 31 July 2012, India's business group Sahara India Pariwar agreed to buy a controlling stake in New York's landmark Plaza Hotel for US$570 million, Elad Properties, an Israeli-owned real estate company, said on Monday.[36]

Grosvenor House Hotel. 1920's postcard illustration
Main article: Grosvenor House Hotel

The group also owns the Grosvenor House Hotel in London (UK).[37]

The group owns the hotel "Sahara Star" in Mumbai, a 5-Star Hotel spread over 7.42 acres adjacent to the Chhatrapati Shivaji International Airport. Currently it has 210 guest rooms, 13 suites and 9 restaurants. It contains World's largest pillarless clear-to-sky dome of its kind,[38] World's first Hemisphere-shaped Glass Elevators,[38][39] Marine Aquarium, Lagoon area, Inward and Outward facing rooms, Glass Roof rooms, Parking and shall have amenities like Sahara Health and Wellness Centre, Multi-cuisine restaurants and Preview theatre[citation needed].

Finance[edit]

Sahara India Life Insurance Company Ltd. SILICL), is a Life Insurance Company in the private sector. (cn) The company offers life insurance policies catering to individuals of all ages and segments.

  • Life Insurance
  • Mutual Fund

"Sahara Q Shop"[edit]

On 13 August 2012, Sahara India announced the opening of their retail FMCG business named 'Q shop' (Quality shop) with an initial investment of Rs. 3000 crore. Sahara also announced the hire of 600,000 sales personnel and 3000 customer care executives.[40] 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.[41] 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 record 315 outlets in 10 states of India, just at one time on 1 April 2013[42]

Power[edit]

Sahara Power has signed Memorandum of Understanding (MOU) with the Government of Orissa for setting up a 1320 MW (2 x 660) Coal Based Thermal Power Plant in Turla Tehsil of Balangir District, Orissa at an investment of about Rs.5604 Cr. Sahara India Power Corporation Limited has also proposed to set up a 2000 MW Coal based power plants in Jharkhand and Chhattisgarh at an estimated investment of Rs. 8000 Cr. each.

Health care[edit]

The group owns a hospital in Lucknow. The hospital was opened in 2009. This hospital got operational in February 2009 and is currently operating with approximately 350 beds, including 120 bed Critical Care Infrastructure and expandable to 554 beds. It is spread on 31 acres and as a Multispecialty, Tertiary care destination, Sahara Hospital offers a high order of integrated quality healthcare with the availability of all super specialties and latest generation diagnostic facilities under one roof.[43]

Other Business[edit]

IT[edit]

Sahara India Pariwar IT Division is named as "SAHARA NEXT". Sahara Next works on different domains like Banking, Finance,Media and Entertainment, Chemical and CRM. Sahara has clients all over the world including Malaysia, Singapore, USA[citation needed].

Tourism[edit]

The group has launched Sahara Global - an integrated travel and tourism agency that sells domestic and international services.[44][45]

Handicrafts[edit]

The Araria Jute Project is engaged in creating diversified jute products e.g. Blankets, Carpets, Floor covering, Handicrafts, Jute Chappals

Education[edit]

  • International School Amby - Amby Valley, Pune
  • Sahara College Of Nursing & Paramedical Sciences, Lucknow

Sahara Airlines (Sold in 2006 to Jet Airways)[edit]

Former Air Sahara Logo
Main article: Air Sahara

The airline was established on 20 September 1991 and began operations on 3 December 1993 with two Boeing 737-200 aircraft as Sahara Airlines. Initially services were primarily in the northern sectors of India, keeping Delhi as its base, and then were extended to cover all the country. The airline was rebranded as Air Sahara on 2 October 2000, although Sahara Airlines remains the carrier's registered name. On 22 March 2004 it became an international carrier with flights from Chennai to Colombo. The Airline was sold to Jet Airways for ₹1450 crore on 12 April 2007.

Corporate social responsibility[edit]

Sahara Welfare Foundation, the social development unit of Sahara India Pariwar, is engaged in social welfare projects which aims to initiate and facilitate such processes and initiatives where socially & economically marginalised and deprived people and communities irrespective of age, caste, class, gender or race are able to participate actively in the process of their development so that they may lead a life of dignity and respect.[46][47] [48]

Adoption of families of Kargil Martyrs[edit]

Sahara India Pariwar has adopted the families of Kargil Martyrs and has committed itself to provide emotional and economic support to all such families(300 MARTYRS) by allocating 50 crore (USD 10.65 million ) approx. under seven schemes for this purpose. In addition to providing monthly assistance, help is also extended for specific activities such as marriages, purchasing academic books for the children who are studying and attempts are also made to develop emotional bonds with them.[49] [50] [51]

Financial Assistance to the families of Mumbai Martyrs[edit]

We believe in taking care of those who take care of our nation's security. As another expression of this belief, we provide monthly financial assistance- 5 times their existing salaries for 10 yrs duration - to the 18 families of the Mumbai martyrs.[52] [53] [54]

Financial Assistance to the victims of Dhantewadha Naxal Attack[edit]

Sahara also provided financial assistance to the 5 martyr families hailing from Gorakhpur with 2.5 lacs for each family as support.[55] [56] [57]

NCC Scholarship[edit]

As a gesture of deep respect for NCC with which Mr. Subrata Roy Sahara was involved during his school and college days and commanded 1600 NCC cadets, a scheme has been constituted by Sahara India Pariwar to pay over 800 NCC cadets stipends and incentives amounting to over 1 crore annually.[58][59]

Mega Rehabilitation Project: Sahara Gram[edit]

The village, Bhimasar-Chakasar, taluka Anjar district Kutch is about 15 km. from Gandhidham and is spread over 9457.31 acres. It is home to 3153 persons of which 19 died and 135 were injured due to the earthquake. Of the total families, houses of 801 were destroyed owing to the earthquake. The village was emotionally adopted by Sahara India Pariwar for relocation. Members of the Pariwar were there within 48 hours for providing relief services to the survivors and from then onwards the task of rehabilitating the earthquake affected persons by reconstructing 839 houses with basic community facilities is accomplished.

VEDAS(Village Esteem Development Adoption by Sahara)[edit]

Sahara India Pariwar flags-off 1000 village adoption project VEDAS, this project will fully adopt villages for overall development, directly benefiting 25 lakh Rural Indians in 7 States With the flag-off of the VEDAS, the project gets launched in 172 villages of Kannauj (U.P.) and Araria (Bihar) Districts. Under the VEDAS project, the adopted villages will be provided water purification plants for safe drinking water which would be distributed through water ATMs, 500 education resource centres with interactive classrooms would be set up. [60] [61] [62]

References[edit]

  1. ^ http://www.ndtv.com/video/player/your-call/your-call-with-subrata-roy-sahara/232196
  2. ^ Financial Statement of the Group
  3. ^ Sahara India. "Sahara India Pariwar:: Sahara Next | World's Largest Family". Sahara.in. Retrieved 2012-09-30. 
  4. ^ ALL INDIA BRAND TRUST RANKING, Trust Research Advisory, February 23, 2011
  5. ^ New World Record of Largest Group, jagranjosh.com, May 8, 2013
  6. ^ Sahara's national anthem feat gets Guinness honour, timesofindia.indiatimes.com, May 7, 2013
  7. ^ over 100,000 of Sahara employees sing national anthem , timesofindia.indiatimes.com, May 6, 2013
  8. ^ Sahara Q shop makes it to the Guinness World Records, Deccan Chronical, Apr 17 2013
  9. ^ World Environment Day at Aamby Valley City, SEED, June 5 19988
  10. ^ trees planted in Aamby valley, Deccan Chronical, June 6 2008
  11. ^ World records, prideofindia.net, June 5 1998
  12. ^ Sahara lines up Rs 800 crore for each City Home, Rediff.com, August 8, 2006
  13. ^ Sahara Grace launched phase II, IBNlive, September 16, 2011
  14. ^ Sahara Group enters real estate, Economic Times, February 5, 2008
  15. ^ THE GOOD LIFE, INDIA TODAY, February 15, 2008
  16. ^ Sahara launches construction JV with Turner, rel="nofollow",REUTERS, February 9, 2012
  17. ^ Sahara launches JV with US based Turner Construction, rel="nofollow",Economic Times, February 9, 2012
  18. ^ http://sahara.in/finance.html
  19. ^ Sahara pulls out of IPL, TImes of India, May 21, 2013
  20. ^ 2 New IPL Team, TImes of India, March 22, 2010
  21. ^ Sahara Pune Warriors Squad – IPL 2011. Freezonal.com (2011-01-15). Retrieved on 2011-12-30.]
  22. ^ Sahara dumps T20 league, Team India, Hindustan Times, May 21, 2013
  23. ^ "Sahara Group takes 42.5% stake in Force India Formula One team". The Guardian (The Guardian, UK). 12 October 2011. Retrieved 12 October 2011. 
  24. ^ "Sahara buys 42% stake in Mallya's Force India F1 team". The Times of India (Times News Network). 12 October 2011. Retrieved 12 October 2011. 
  25. ^ "Sahara India Pariwar launches Polo team Sahara Warriors". 22November2012. 
  26. ^ "Sahara to own hockey franchise". 24 July 2012. 
  27. ^ Das, Devadyuti. "IPL-style auction brings big bucks to hockey". Times of India. Retrieved 16 December 2012. 
  28. ^ Sahara to continue as Indian team sponsor, ESPNCRICINFO, May 31, 2010
  29. ^ Sahara will not renew BCCI sponsorship, NDTV Profit, May 21, 2013
  30. ^ Samay bags international honour, ECONOMIC TIMES, April 6, 2005
  31. ^ Sahara plans three weekly newspapers, rediff.com, February 1, 2003
  32. ^ Sahara One Motion Pictures - a banner in the right direction, IndiaGlitz.com,September 5, 2006
  33. ^ Indian Congolomerate In Talks About MGM Bid, Reuters, September 18, 2010
  34. ^ Sahara Says MGM Studio Creditors Reject $2 Billion Bid, Google.com, September 24, 2010
  35. ^ Sahara Still Committed to Finalizing MGM Bid, Hollywood Reporter, September 29, 2010
  36. ^ "Sahara checks into iconic New York hotel". Hindustan Times. 2012-07-31. Retrieved 2012-09-30. 
  37. ^ Sahara buys UK hotel for Rs 3,275cr, TImes of India, December 31, 2010
  38. ^ a b Sahara group forays into hospitality sector, DNA, Jun 19, 2007
  39. ^ Sahara Star Hotel Mumbai Airport, mumbaiairporthotel.com, Jun 11, 2010
  40. ^ Sahara enters retail, to launch 800 'Q' Shops, Business Today, Aug 16 2012
  41. ^ Sahara in Rs. 3,000-cr ‘Q Shop’ retail foray, Hindustan Times, Aug 13 2012
  42. ^ Sahara Q shop makes it to the Guinness World Records, Deccan Chronical, Apr 17 2013
  43. ^ Nawabi Entry in Healthcare, Express Healthcare, April 1, 2009
  44. ^ Sahara Global launches travel show
  45. ^ Sahara Global launches 'Celebrate Life'
  46. ^ Sahara to put in Rs1000 crore in welfare foundation, DNA, February 5 2012
  47. ^ Sahara Welfare Foundation, Sahara India
  48. ^ [1], Sahara Welfare Foundation
  49. ^ Sahara to pay martyrs' families 5 times salary for 10 yrs , Indian Express
  50. ^ Sahara will pay salaries of Mumbai martyrs , Economic Times
  51. ^ Sahara to pay martyrs' families , DNA
  52. ^ Sahara to pay martyrs' families 5 times salary for 10 yrs , Indian Express
  53. ^ Sahara will pay salaries of Mumbai martyrs , Economic Times
  54. ^ Sahara to pay martyrs' families , DNA
  55. ^ Sahara to pay martyrs' families 5 times salary for 10 yrs , Indian Express
  56. ^ Sahara will pay salaries of Mumbai martyrs , Economic Times
  57. ^ Sahara to pay martyrs' families , DNA
  58. ^ Sahara India scholarship to NCC cadets , The hindu
  59. ^ LIST OF CADETS AWARDED SAHARA SCHOLARSHIP , Kerla Student
  60. ^ Sahara India to adopt 1,000 villages for all round development , The Economic Times, June 10, 2013
  61. ^ flags off prog to adopt 1,000 villages, The Economic Times, June 12, 2013
  62. ^ Subrata Roy Sahara Announced to Adopt 1000 Villages in 7 States Under CSR , India CSR, April 1, 2013

External links[edit]

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