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Sahara India Pariwar

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Sahara India Pariwar
Company typePrivate
IndustryConglomerate
Founded1978 (Gorakhpur, India)
FounderSubrata Roy Sahara
Headquarters
Lucknow, Uttar Pradesh
,
India
Key people
Subrata Roy Sahara(Chairman)
ProductsFinancial services
Construction
Mass media
Retailing
IT Services & Outsourcing
Revenue₹73,000 Crore (2011)[1]
Websitewww.sahara.in

Sahara India Pariwar is an Indian conglomerate company headquartered in Lucknow, Uttar Pradesh, 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 capitalization 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 as well as a supreme sponsor of 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]

Subrata Roy Sahara

Subrata Roy Sahara
File:Subrata Roy Sahara.jpg

He is named among the 10 Most Powerful People of India by India Today. His residence is in Lucknow, UP, India. Subrata Roy Sahara founded Sahara India Pariwar in 1978. In 2004, the group was termed by the Time magazine as ‘the second largest employer in India after the Indian Railways'.

Sahara Real Estate

The flagship real estate project of Sahara Sahara City Homes chain of townships is proposed to be across 217 cities in India.[5] In 2011 it launched Sahara Grace brand Phase II, a residential complex at Kochi.[6] 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.[7]

Aamby Valley City

Airstrip at Aamby Valley
Main article: Aamby Valley City

Sahara has constructed an eco-friendly, self-contained residential city called Amby Valley City in Maharashtara near Lonavala off the Mumbai Pune Expressway. The city is spread over 10,600 acres of land.[8]

Sahara Prime City Limited

Main article: Turner Construction

Sahara Prime City Limited Establishes Partnership with USA’s, Turner Construction Company and enters the Indian Construction and Infrastructure Sector.[9] Sahara Prime City Limited, the real estate flagship company of Sahara India Pariwar, along with Turner Construction Company, America’s largest building construction contractor and the Acropolis Capital Group, a Special Situation Investment and Development Firm has formed a joint venture to serve the construction and development market in India. The company, Sahara Turner Construction Limited was launched today by ‘Saharasri’ 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.[10]

Sahara Sports

Stadium Under Construction
File:Dypatil 01.jpg
DY Patil Stadium

Pune Warriors India

Main article: Pune Warriors India

The group acquired the cricket team, Pune Warriors India on 21 March 2010 for Rs. 1702 crores.[11] The home ground is Subrata Roy Sahara Stadium.

Force India Formula 1 Team

The Force India VJM05 — seen here driven by Paul di Resta at Jerez during winter testing — with its distinctive "platypus" nose.
Adrian Sutil at the 2011 Malaysian Grand Prix.
Main article: Force India

In October 2011, Sahara acquired 42.5% of the Force India Formula 1 Team for an estimated $US 100 million.[12] [13]

Celebrity Cricket League

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

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

Sports Sponsorships

Main article: Indian Cricket Team
A middle-aged man stands to wear a white long-sleeved shirt and white trousers, while he has sunglasses resting on a cap that is on his head. Green grass and a boundary line are in the background.
Ganguly in Sri Lanka in 2008.

It has had sponsorship rights for the Indian Cricket Team since 2001. In the last bid, Sahara had bagged the sponsorship for the Indian Cricket Team for ₹400 crore (US$48 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. The group on Monday, 31 May 2010 re-secured the sponsorship rights for the Indian men's cricket team till December 31, 2013. Sahara outbid Bharti Airtel for the right to sponsor Team India. Sahara bagged the rights for ₹3.3 crore (US$400,000) 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.[14]

Meanwhile, the relations between the BCCI and Sahara took a sour turn when on Saturday, 4 February 2012, Sahara announced to withdraw from the sponsorship of the India cricket team and IPL Team Pune Warriors[15] due to the governing board's reluctance in allowing the its IPL team, the Pune Warriors India to have five international players, instead of the allowed four, since the team had lost its skipper, Yuvraj Singh, who was recuperating from after undergoing treatment for germ cell seminoma.[16] Subroto Roy, the head of Sahara India Parivar, had said that he was not "rigid" but open to negotiations with the BCCI. Roy insisted the Pune franchise should participate in the IPL that season regardless of the decision taken by Sahara that day. However, on 16 February 2012, confirmed that they were back as the sponsor of Team India and owner of IPL franchise Pune Warriors after sorting out most of its issues with the BCCI after 12 days of intense negotiations.[17] Sahara India Pariwar announced to own one of the six franchises of the proposed Hockey India League, to identify talent across the nation.[18]

Media

Electronic Media

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,A entertainment channel.

Sahara Samay received the "Broadcast Engineering Excellence Award" in 2008 for its network newsroom technology.[19]

The group owns one national weekly 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[20]

Film & Entertainment

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.[21] In September 2010, the company was in talks to acquire MGM Studios, but the deal collapsed.[22][23] Sahara is willing to try again to take over MGM.[24]

Sahara is creating a Film City to provide filmmakers with everything they need to make films, television software and commercials. The existing infrastructure of the Film City will be renovated and equipped with the most modern and latest technology.

Hospitality

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 $570 million, Elad Properties, an Israeli-owned real estate company, said on Monday.[25]

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

The group also owns the Grosvenor House Hotel in London (UK).[26]

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,[27] World's first Hemisphere-shaped Glass Elevators,[28][29] 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.

Finance

Sahara India Life Insurance Company Ltd. (SILICL) is the first wholly Indian-owned Life Insurance Company in the private sector.The company offers life insurance policies catring to individuals of all ages and segments.

  • Life Insurance
  • Mutual Fund

Sahara Retail "Q Shops"

Sahara India announced opening up of 'Q shop' 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.

The range of consumer merchandise that would be made available in the 'Q shop' ( Quality shop) includes staples, processed food, beverages, packed drinking water, personal care, home care, general merchandise and handicraft products, it said in the advertisement.

The first phase of the launch would take place from August 15, 2012, this year, when establishments would come up in cities like Gorakhpur, Lucknow, Kanpur, Varansi, Patna, Muzzaffarpur, Ranchi, Jaipur and Jodhpur, it added.The group claimed that its products would reach consumers only after quality check by a vast team of scientists and laboratory inspection.

Power

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

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.[30]

Other Business

IT

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.

Tourism

The group has launched Sahara Global - an integrated travel and tourism service provider for domestic and international services.[31][32]

Handicrafts

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

Education

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

Sahara Airlines(Sold in 2006 to Jet Airways)

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.

References

  1. ^ http://www.ndtv.com/video/player/your-call/your-call-with-subrata-roy-sahara/232196
  2. ^ Financial Statement of the Group
  3. ^ [1]
  4. ^ ALL INDIA BRAND TRUST RANKING, Trust Research Advisory, February 23, 2011
  5. ^ Sahara lines up Rs 800 crore for each City Home, Rediff.com, August 8, 2006
  6. ^ Sahara Grace launched phase II, IBNlive, September 16, 2011
  7. ^ Sahara Group enters real estate, Economic Times, February 5, 2008
  8. ^ THE GOOD LIFE, INDIA TODAY, February 15, 2008
  9. ^ Sahara launches construction JV with Turner, rel="nofollow",REUTERS, February 9, 2012
  10. ^ Sahara launches JV with US based Turner Construction, rel="nofollow",Economic Times, February 9, 2012
  11. ^ 2 New IPL Team, TImes of India, March 22, 2010
  12. ^ "Sahara Group takes 42.5% stake in Force India Formula One team". The Guardian. The Guardian, UK. 12 October 2011. Retrieved 12 October 2011.
  13. ^ "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.
  14. ^ Sahara to continue as Indian team sponsor, ESPNCRICINFO, May 31, 2010
  15. ^ "The Sahara release". cricinfo. ESPN. 4 February 2012. Retrieved 4 February 2012.
  16. ^ Times of India. "Yuvraj Singh's disease a model of curable cancer". News report on Yuvraj's illness. Bennett, Coleman and Co. Ltd. Retrieved 7 June 2012.
  17. ^ "BCCI didn't bend rules for Sahara: Rajiv Shukla". DNA India. 16 February 2012. Retrieved 17 February 2012.
  18. ^ "Sahara to own hockey franchise". 24 July 2012.
  19. ^ Samay bags international honour, ECONOMIC TIMES, April 6, 2005
  20. ^ Sahara plans three weekly newspapers, rediff.com, February 1, 2003
  21. ^ Sahara One Motion Pictures - a banner in the right direction, IndiaGlitz.com,September 5, 2006
  22. ^ Indian Congolomerate In Talks About MGM Bid, Reuters, September 18, 2010
  23. ^ Sahara Says MGM Studio Creditors Reject $2 Billion Bid, Google.com, September 24, 2010
  24. ^ Sahara Still Committed to Finalizing MGM Bid, Hollywood Reporter, September 29, 2010
  25. ^ http://www.hindustantimes.com/business-news/CorporateNews/New-York-s-Plaza-Hotel-sold-to-Sahara-for-570-million/Article1-905742.aspx
  26. ^ Sahara buys UK hotel for Rs 3,275cr, TImes of India, December 31, 2010
  27. ^ Sahara group forays into hospitality sector, DNA, Jun 19, 2007
  28. ^ Sahara group forays into hospitality sector, DNA, Jun 19, 2007
  29. ^ Sahara Star Hotel Mumbai Airport, mumbaiairporthotel.com, Jun 11, 2010
  30. ^ Nawabi Entry in Healthcare, Express Healthcare, April 1, 2009
  31. ^ Sahara Global launches travel show
  32. ^ Sahara Global launches 'Celebrate Life'

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