Managing Worker and Chairman, Sahara India Pariwar
Mr. Subrata Roy Sahara is Managing Worker and Chairman of one of the major business conglomerates in India, the Sahara India Pariwar, which has operations in financial services, life insurance, mutual funds, housing finance, city development, infrastructure & housing, print and television news media, entertainment channels, cinema production, consumer merchandise retail, healthcare, hospitality, manufacturing, sports, and information technology sectors.
Fondly called ‘Saharasri’, Mr. Subrata Roy Sahara founded Sahara India Pariwar in 1978 with Rs. 2000, one 10’ X 12’ office room and 2 assistants. Sahara has today grown into one of the major conglomerates of India, with gross assets having a market worth of US$25.94 billion, and 4,163 establishments that serve over 7.10 crore customers across India. With 1 million workers, Sahara India Pariwar is the second largest employer in India after the Indian Railways.
Sahara is based upon Saharasri’s belief in the ethos of a family (the reason why the group is called a ‘Pariwar’ – meaning family, in Hindi) and runs on a unique corporate philosophy of COLLECTIVE MATERIALISM – propounded by him, that advocates collective efforts for collective growth and finally collective sharing and caring. This has given immense opportunity to the employees and customers to grow together.
His philosophies and beliefs have received acclaim across the world, through such occasions as his address to Harvard University students, IIT (Indian Institute of Technology), IIM (Indian Institute of Management) and via books penned by him.
It is a firm conviction of ‘Saharasri’ that every organization should contribute towards the cause of the society. Today, Sahara India Pariwar’s universe of concern encompasses such diverse areas as providing financial assistance to 320 families of martyrs of Kargil war, Mumbai terror attack and Dantewada Massacre victims, relocation and rehabilitation to victims of natural calamity, taking healthcare to remote corners of the country via a fleet of 52 mobile health vans, adult literacy and vocational training initiatives, rehabilitation of physically challenged people and annual mass marriage ceremonies of 101 underprivileged girls from all religions.
'Saharasri' believes sports to be the most healthy, energetic and spirited facet of society, and promotes Indian sports on international, national and regional levels. Apart from sponsoring the Indian Cricket and Hockey Teams for more than a decade, Sahara has also adopted Indian Boxing, Wrestling, Archery, Shooting, Track & Field and Tennis, extending support to a total of 101 sportsmen across 6 sporting disciplines. It has very recently, extended support to Indian Volleyball by sponsoring the Men's National Teams (Senior & Junior) for a span of 4 years.
Under Saharasri’s strong leadership, Sahara had played a major corporate role in the preparation and organising of XIX Commonwealth Games 2010. The Group, under its company Sahara Adventure Sports Limited, owns the Pune franchise of Indian Crickets coveted IPL League, and is an equal majority partner in ‘Sahara Force India Formula One Team’. The Maharashtra Cricket Association’s international Cricket stadium at Pune is named ‘Subrata Roy Sahara Stadium’.
Dr. Vijay Mallya is the charismatic businessman heading up one of India’s largest and most significant business empires, the UB Group. With annual sales of over US $4 billion and a market capitalisation of approximately US $12 billion, the Group has diverse interests in brewing, distilling, real estate, engineering, fertilisers, biotechnology, information technology and aviation. It is also the largest Indian manufacturer of beer and spirits.
In the late 1980s, Dr. Mallya pursued global opportunities to transform the UB Group into India’s first multinational company and in 1988, in a leveraged buyout, acquired the global Berger Paints Group with operating companies across four continents. Continuing the global growth in his businesses through the 1990s, Dr. Mallya decided that the UB Group would only retain interests in businesses that were globally competitive and areas of core competence, thus transforming the vastly diversified UB conglomerate into a handful of key operating businesses including spirits, beer, fertilizers, engineering and aviation.
Dr. Mallya has received several professional awards both in India and overseas. He was conferred an honorary Doctorate of Philosophy in Business Administration by the Southern California University and has also been nominated as a Global Leader for Tomorrow by the World Economic Forum. He has also received France's highest civilian award the Legion of Honour.
One of Dr. Mallya’s major passions has always been cars and motorsport in particular. He has had a longstanding presence in motorsport dating back to the 1970s and 80s when he participated in several club races and non-championship Grands Prix, including the Madras and Calcutta Grands Prix, in Mo Nunn-owned Ensigns. When Dr. Mallya was elected by shareholders as Chairman of UB in 1983 at the age of 28, and business interests began to take considerably more of his time, he took to collecting and racing historic and vintage cars in the UK.
In the late 1990s Dr. Mallya returned to Formula One, this time as a sponsor. Kingfisher beer logos appeared on the Benetton Formula One Team in 1996 and 1997, while in 2007 Kingfisher Airlines was a sponsor of the Panasonic Toyota Formula One Team. During this time Dr. Mallya’s imagination was fired again for Formula One and, spotting a unique business opportunity, he formed a joint venture company with Jan and Michiel Mol to purchase the Spyker Formula One Team at the end of 2007. Force India was officially launched in January 2008 and has since gone from strength to strength. In this role, Dr. Mallya invited The Sahara Group to invest in the Force India team as an equal partner. After rigorous amounts of passion and commitment from the team, Sahara Force India Formula One Team won sixth position overall in the 2011 season and broke the 100-points barrier in the 2012 season after just five years of racing.