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Sahara Group

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Sahara Group

Sahara Pariwar
Privately held company
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 INR730 billion (2011)[1]
Website

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]

History

Sahara India Pariwar was founded by Subrata Roy.[4][5]

Sahara Real Estate

This flagship of Sahara City Homes chain of townships is proposed to be across 217 cities in India.[6] In 2011 it launched Sahara Grace brand Phase II, a residential complex at Kochi.[7] 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. 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.[8]


Aamby Valley City

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.[9]

Sahara Prime City Limited

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.[10] 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.[11]

Sahara Asset Management Company Private Limited

Sahara Asset Management Company Pvt. Ltd. is a professional Mutual Fund House which manages 16 Mutual Fund Schemes in both Equity and Debt Segments. Sahara Banking & Financial Services Fund has been adjudged the Best Performing Banking Sector Fund over a 3-year Performance by the International Agency "Lippers".

Sahara Sports


Awadhe Warriors

Awadhe warriors[12] is a Indian Badminton League's Lucknow team proposed by Badminton Association of India (BAI) and bought by Sahara India Pariwar.[13] Former All England Champion Muhammad Hafiz Hashim of Malaysia appointed as a coach of the team.[14] Indian players P V Sindhu sold to Awadh Warriors for $80,000 in an Auction

Pune Warriors India

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. 17.02 billion ($370 million).[15] 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.[16]

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.[17]

Sahara Force India F1 Team

Main article: Force India


In October 2011, Sahara acquired 42.5% of the Force India Formula 1 Team for an estimated $US 100 million.[18] [19]

Sahara Warriors Polo Team

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.[20]

Celebrity Cricket League

Celebrity Cricket League is a cricket league involving Bollywood, Sandalwood (Kannada), Tollywood (Telugu), Mollywood (Malayalam) 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 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

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.[21] The following players were bought in the official 2013 Hockey India League Players Auction on 16 December 2012.[22]

  • India V. R. Raghunath
  • India Tushar Khandker
  • India Sidharth Shankar
  • India M. Gunasekar
  • India Vivek Dhar
  • India Rocky Lohchab
  • India P.L. Thimmanna
  • Netherlands Teun de Nooijer
  • Netherlands Sander Baart
  • Australia Eddie Ockenden
  • Spain David Alegre
  • Netherlands Marcel Balkestein
  • Netherlands Wouter Jolie
  • Australia Jason Wilson


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.[23]

Sports Sponsorships

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 INR4 billion () 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 31 December 2013. Sahara outbid Indian telecommunications services company Bharti Airtel for the right to sponsor Team India for INR33 million () 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.[24] On 21 May – 2013 after tiff on franchise fee in his IPL team Pune warrior, Sahara will not renew BCCI sponsorship after December 2013.[25]

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- An entertainment channel.
Sahara Samay – National News Channel

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.[26]

Print Media

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, Aalmi Sahara[27]

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.[28] In September 2010, the company was in talks to acquire MGM Studios, but the deal collapsed.[29][30] Sahara is willing to try again to take over MGM.[31]

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.

Hospitality

  • Dream Downtown – New York

On 31 July 2012, Sahara India Pariwar agreed to buy a controlling stake in New York's landmark Plaza Hotel for US$570 million.[32]


The group also owns the Grosvenor House Hotel in London (UK).[33]

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,[34] World's first Hemisphere-shaped Glass Elevators,[34][35] 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 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

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. 30 billion. Sahara also announced the hire of 600,000 sales personnel and 3000 customer care executives.[36] 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.[37] 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[38]

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. 56.04 billion. 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. 80 billion. 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.[39]

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.

Tourism

The group has launched Sahara Global – an integrated travel and tourism agency that sells domestic and international services.[40][41]

Handicrafts

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

Education

  • International School Amby – Amby Valley, Pune
  • Sahara College of Nursing & Paramedical Sciences, Lucknow

Sahara Airlines (Sold in 2006 to Jet Airways)

Main article: Air Sahara


Sahara Airlines 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 ₹14.50 billion on 12 April 2007.

Corporate social responsibility

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.[42][43][44]

Adoption of families of Kargil Martyrs

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 500 million (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.[45][46] [47]

Financial Assistance to the families of Mumbai Martyrs

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.[45][46][47]

Financial Assistance to the victims of Dhantewadha Naxal Attack

Sahara also provided financial assistance to the 5 martyr families hailing from Gorakhpur with 250,000 for each family as support.[45][46][47]

NCC Scholarship

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 10 million annually.[48][49]

Mega Rehabilitation Project
Sahara Gram

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)

Recently,Sahara India Pariwar flags-off 1000 village adoption project VEDAS, this project will fully adopt villages for overall development, directly benefiting 2.5 million 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. [50] [51] [52]

Guinness World record

  • New World Record of Largest Group to Sing National Anthem at One Place.[53] 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 1 million staff at 4,512 offices of Sahara also sang the National Anthem together.[54] Guinness World Records representatives were present in the stadium to monitor the record attempt.[55]
  • 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[38]
  • On 5 June 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.[56][57][58]

References

External links

  • Sahara India Pariwar
  • sahara.in
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