Join us in moving Towards an ideal country, a greater India by attending
our 'Think With Me' Summit 2016 in Lucknow, this 18th December 2016
Monday, 12 December 2016
Saturday, 6 August 2016
Sahara to SEBI: Expedite investor verification, ads won't help
Hitting back at Sebi, embattled Sahara group today said issuance of advertisements would not help the regulator reach out to the investors spread across remote parts of the country and offered its help in verifying 95 per cent bondholders it claims to have already refunded.
"The proof of the pudding is in eating. Sahara is confident that verification will prove not only the existence of the investors but also Sahara will get all its money which is with Sebi," the group said in a statement.
This follows comments made by Sebi's Whole-Time Member S Raman yesterday on the sidelines of a conference in Mumbai, where he wondered why not many claimants were coming forward to get back the money in the high-profile Sahara case.
"As far as Sahara is concerned, we have a decent amount of money but not many claimants. That is a question mark, as to why there are no claimants despite the fact that we have made multiple advertisements seeking applications to pay the money," he had said.
Terming his comments as "misguiding and irresponsible", Sahara accused Sebi of indulging in 'media trial' on Sahara- Sebi matter when the case was 'sub-judice'.
It said the regulator was not finding many claimants because "Sebi in four years has not initiated on-ground verification of the investors".
The group further said that Sebi has issued four newspaper advertisements directed towards only those investors who have yet to get refund. But, "the majority 95 per cent who have already got back their money are neither addressed in these advertisements nor will they anyway, bother to reply to Sebi (even if asked) as they have already got their money refunded from Sahara."
"Besides, it is imperative to understand that almost entire majority of Sahara investors (including the remaining 5 per cent investors) reside in the remote parts of rural India and are mostly illiterate or barely literate.
"Many of them live in mud houses, hutments and even slums, where there are no street names or house numbers (as there are no municipalities in small villages to allot house numbers, etc). Therefore, instead of merely issuing advertisements, a more serious and detailed approach should be adopted by Sebi to reach out to our investors," it said.
The group further said "Sahara with its more than 12 lakh workers has an unparalleled reach to investors".
Citing the Supreme Court order that Sebi can take help of Sahara for verification of investors, the group said, "It is not possible to reach out to these small investors and Sahara is always ready to assist Sebi in reaching out to the aforesaid investors."
Sahara is engaged in a long-running dispute with the Sebi over schemes involving raising of funds from public through certain bonds and the group was asked to return thousands of crores along with interest to the investors through the regulator.
"The entire desire of ours is to distribute as much money as possible," Raman had said.
Reacting to Raman's comments about Sahara giving truckloads of documents not connected to one another and the regulator undertaking the gargantuan task of sifting through those, Sahara said the group was asked to send all the document pertaining to 3 crore investors to Sebi in 10 days.
"The OFCD (bonds through which money was raised) was not closed and in fact in process of refund to a large number of investors was on. In this scenario many of the document were at our head office while a big number of documents were at our more than 4,000 branches.
"Keeping in mind the time limit of 10 days, we collected all the original documents as it is from all our offices across India and had sent the same to Sebi is boxes through 127 trucks," Sahara said in a detailed statement.
Stating that there was no fault on Sahara's part, it further said, "The documents of 3 crore investors cannot be handful and quite understandably will be huge in number because it contains the proofs of repayments of three crore investors - original repayment vouchers, receipts, KYC and other relevant documents.”
"Further, Sahara had in fact offered Sebi to help in the collation of documents and stationed its 50 officials in Sebi's Mumbai office to assist the market regulator. We were even ready to increase the number of officials to many hundred, but Sebi has refused to take their help. "Moreover, Sebi refused to take around 25 per cent of the documents which are still lying in our warehouses in Mumbai," it added.
It further accused Sebi of not having made "any serious effort" to start the verification even after two years of having claimed to have successfully organized the documents.
It further asserted that verification of "documented proofs" provided by Sahara would prove that all its "investors actually exist".
The group said the amount deposited so far with Sebi is more than Rs 14,000 crore, including interest earned, and recently it has given additional Rs 500 crore, though Sebi has refunded only Rs 55 crore.
Tuesday, 19 July 2016
Saharasri offers gratitude to all who stood by Sahara in difficult times
Sahara has already
deposited more than Rs.14,000 crores with SEBI, but in the last 43 months, SEBI has repaid only
around Rs.50 crores to the esteemed Investors, ofcourse after verification all
these monies shall come back to Sahara
Mumbai,
17th July, 2016: ‘Saharasri’ Subrata Roy Sahara, Managing Worker and
Chairman, Sahara India Pariwar, culminates his gratitude journey
today at Mumbai. ‘Saharasri’ Subrata Roy Sahara had commenced the ‘Abhaar
Yatra’ – an emotional gratitude journey to offer his thanks and appreciate the
unprecedented support extended by crores of esteemed members, associates and over
12 lakhs workers of Sahara India Pariwar. During his journey which started on
27th May, 2016 from Hyderabad he travelled across India including
cities like Vijayawada, Raipur, Nagpur, Delhi, Kolkata, Guwahati, Lucknow,
Kanpur, Gorakhpur, Patna, Muzaffarpur, Ranchi, Varanasi, Bhopal, Jodhpur,
Jaipur and Ahmedabad.
While addressing the meeting
of over five thousand managers, here at Mumbai Saharasri said, “I feel utmost
proud to see the faith shown by you which has always been the real strength of
Sahara India Pariwar.” The event saw the
emotional outburst of many workers who were reduced to tears on seeing
Saharasri among them. People wanted to
touch him and shake hands with him, or take his photographs.
He further emphasized,
“Sahara India Pariwar has always had absolute faith in the Indian Judiciary and
we strongly believe that justice may get delayed for various genuine reasons
but will prevail and it does, in the end and same will happen in Sahara SEBI
case as well.”
For
further information please contact:
Ghulam
Zeeshan
Corporate
Communications
Sahara
India Pariwar
Mob:
9792982666; Off.: 0522 - 2724545
email
id : ghulam.zeeshan@gmail.com
Tuesday, 7 June 2016
Life Mantras – a manual for positivity
The world at any given point of time is
filled with people that are successful and can teach about it to other people
so that they too can prosper. Many people have the capability to be that kind
of a person but those that actually care about the rest of us are few in
number. Mr Subrata Roy is a man that can be considered as a part of the latter
group. He is the former chairman of the Indian multinational conglomerate
‘Sahara Group’. ‘Sahara’ is a business empire with interests in various sectors
of business and the Subrata Roy is the man who built it from scratch!
He started the company with a few thousand
rupees in capital and not more than a few employees. In a relatively short
time, Subrata Roy managed to turn the fortunes of the company soaring skywards.
He took charge of the company and instilled a specific work ethic among his
huge workforce. He looked upon them as members of his extended family rather
than people that work for him. This philosophy is what guided him in his path
according to his informative book, ‘Life Mantras’.
Mr Subrata penned the book while he was
going through a major difficult time in life. Instead of focusing on the
negative aspects of his life, he chose to ruminate on the positive qualities in
life that made him a successful man and compiled them all into a single book,
‘Life Mantras’. It has some of the best advice to achieve a balanced and
positive outlook in life. Along with a positive outlook, the book is filled to
the brim with real life experiences of Mr Subrata that had an impact on him or
taught him the value of something important. These experiences have been drawn
from both his personal life and professional life.
The book has Subrata Roy’s thoughts on almost
all the important things in life like marriage, time, love, respect,
dedication, resilience, usefulness etc. The mix of topics is eclectic and it
has a wonderful effect on your personal motivation after just one reading
session.
Monday, 23 May 2016
The secret of staying positive
Almost everyone at some points of time in their lives, have wondered or mused about the ‘secret’ to success. While there are many people who seem to offer advice on that topic with not much to show in terms of credentials, Subrata Roy is an exception. He is a man that has successfully started his own company with very little capital and gradually turned it into one of the biggest companies of the world. ‘Sahara’ is a company that was one of the first Indian companies to have a tangible global presence. It had interests in various sectors and was a thriving and flourishing business that employed millions of people at one point of time.
Subrata Roy is currently penning the sequel to his successful book, ‘Life Mantras’ which was released some time back. ‘Life Mantras’ is a book that is filled with pearls of wisdom relating to success. These pearls of wisdom emanate from Mr Roy’s life as a businessman and his various experiences during his life time. He has generously shared some of those experiences in detail throughout the book. Along with it being an interesting read, it is also a great guidebook to finding success in all the key areas of life.
There are amazing insights in the book about staying positive in life. It also has some meaningful words on handling one’s composure through the tough times. This was and remains to this day, Subrata Roy’s most inspirational quality. He has faced all of his life’s experiences with a great amount of humility and dignity. There are many men that will stand proudly when people talk of
their successes but there are very few men with enough guts to own up to their mistakes and take some responsibility. Subrata Roy has always been the man that takes responsibility for his actions.
He talks about the meaning and importance of ‘responsibility’ in great detail throughout his book, ‘Life Mantras’. Anybody that is looking to add some kind of structure to their lives should read this book. It has guidelines for attaining a peaceful work-life balance that most people can only dream about.
Subrata Roy is currently penning the sequel to his successful book, ‘Life Mantras’ which was released some time back. ‘Life Mantras’ is a book that is filled with pearls of wisdom relating to success. These pearls of wisdom emanate from Mr Roy’s life as a businessman and his various experiences during his life time. He has generously shared some of those experiences in detail throughout the book. Along with it being an interesting read, it is also a great guidebook to finding success in all the key areas of life.
There are amazing insights in the book about staying positive in life. It also has some meaningful words on handling one’s composure through the tough times. This was and remains to this day, Subrata Roy’s most inspirational quality. He has faced all of his life’s experiences with a great amount of humility and dignity. There are many men that will stand proudly when people talk of
their successes but there are very few men with enough guts to own up to their mistakes and take some responsibility. Subrata Roy has always been the man that takes responsibility for his actions.
He talks about the meaning and importance of ‘responsibility’ in great detail throughout his book, ‘Life Mantras’. Anybody that is looking to add some kind of structure to their lives should read this book. It has guidelines for attaining a peaceful work-life balance that most people can only dream about.
Wednesday, 11 May 2016
Antim Vidai of Rev. Chhabi Roy, mother of 'Saharasri' Subrata Roy Sahara
This
is a glimpse into the kind of respect Smt Chabbi Roy commands. For even
in death she is beseeched with an outpouring of love that is rarely
seen these days. This video speaks more about the kind of woman she was
and what she meant to people than any other form of tribute.
Monday, 9 May 2016
The Last Journey of Rev. Smt. Chhabi Roy, Mother of Saharasri Subrata Roy Sahara
The last rites
of Reverend Smt. Chhabi Roy, mother of Saharasri Subrata Roy Sahara,
has been performed yesterday dated 7th May 2016, in Baikunth Dham,
Lucknow.
The last journey of Reverend Smt. Chhabi Roy has been attended by more than 50,000 people, including the family members of Sahara India Pariwar and the well wishers, including Shri Akhilesh Yadav - Hon'ble Chief Minister, Uttar Pradesh, Shri Shivpal Singh Yadav - Cabinet Minister, Uttar Pradesh, Shri Amitabh Bachchan, Shri Abhishek Bachchan, Shri Raj Babbar and his wife Smt. Nadira Babbar, Yoga guru Shri Bikram Choudhury, hockey Olympian Shri Dhanraj Pillai and many more. Shri Amitabh Bachchan and Saharsri Subrata Toy Sahara spent a considerable amount of time together in Sahara Shaher at Gomti Nagar, Lucknow.
At 4:30 PM, the funeral procession started for Baikuntha Dham. The open truck carrying Rev. Smt. Chhabi Roy was swarmed by the family members of Sahara India Pariwar. Wading through the crowd, Hon'ble Chief Minister of UP, Shri Akhilesh Yadav stopped near the gates to offer floral tributes. The procession turned into padyatra to reach its destination st 5:45 PM. Moments before sunset, Saharasri performed the mukhagnee ritual.
The last journey of Reverend Smt. Chhabi Roy has been attended by more than 50,000 people, including the family members of Sahara India Pariwar and the well wishers, including Shri Akhilesh Yadav - Hon'ble Chief Minister, Uttar Pradesh, Shri Shivpal Singh Yadav - Cabinet Minister, Uttar Pradesh, Shri Amitabh Bachchan, Shri Abhishek Bachchan, Shri Raj Babbar and his wife Smt. Nadira Babbar, Yoga guru Shri Bikram Choudhury, hockey Olympian Shri Dhanraj Pillai and many more. Shri Amitabh Bachchan and Saharsri Subrata Toy Sahara spent a considerable amount of time together in Sahara Shaher at Gomti Nagar, Lucknow.
At 4:30 PM, the funeral procession started for Baikuntha Dham. The open truck carrying Rev. Smt. Chhabi Roy was swarmed by the family members of Sahara India Pariwar. Wading through the crowd, Hon'ble Chief Minister of UP, Shri Akhilesh Yadav stopped near the gates to offer floral tributes. The procession turned into padyatra to reach its destination st 5:45 PM. Moments before sunset, Saharasri performed the mukhagnee ritual.
Subrata Roy’s success at being positive
When it comes to naming multi-faceted
personalities, there are many who would say that Subrata Roy is a name that
pops up in their mind almost instantly. It’s an unconventional choice but it is
also a choice with merits because Subrata Roy is a man that has built a
multi-billion dollar empire through sheer hard work, resilience and dedication.
Along the way (and more importantly), Subrata Roy has built a loyal
workforce/family that looks upon him with the utmost respect.
Life as we know, is not always a bed of
roses and we all have problems to deal with and proverbial mountains to climb.
Most of us in that phase of our lives tend to divert our energies into
something negative. Some of has however
choose to channel our energies into something positive and Subrata Roy has done
exactly that by writing a series of books from his present ‘lodging’, the first
of which is called ‘Life Mantras’.
‘Life Mantras’ consists of Subrata Roy’s
earnest musings on the important qualities and things in life. Some of these
qualities and things are things like balance, love, respect, the value of time
and money. Time and money have been explained in detail by Mr Subrata Roy who
seems to hold both of them in equal and high regard. He is after all bound to
have some things to say about what it takes to be successful in life in almost
all areas. That is truly the crux of this beautiful book – attaining success in
not just one but all the important spheres.
One of the main things that Mr Subrata
talks about in this book is respect. He goes into detail about respect for
specific things like time and money along with love and family. And he also has
tips for maintaining a beautiful balance among all of those things. So the book
is not only helpful in attaining success in the professional sphere but it also
has wisdom that deals with leading a successful personal life as well. ‘Life
Mantras’ is very complete and well-rounded sort of guide in life.
A Positive Influencer in My Life
Not because she was my mother but all the human being who knew her
will definitely say that she had tons and tons of affection for others which is
not commonly seen.
It is her influence that we brothers and sisters understood
the world with absolutely positive mind.
It is her teaching that ingrained in me to always remain
positive minded for others and in all circumstances be positive yourself.
She used to always say that learn and practice to see
positive aspect of all human being.
I never feel tension and it is my mother's teaching and
influence.
Every day her phone calls were on an average used to be
40-50.
Her contact circle was huge. She knew distressed
people amongst relatives, amongst Sahara India Pariwar people (who she used to
meet) and she will make it a point to help those distressed people.
On her command we used to help such relatives whom we never
knew.
I enjoy in giving others. She cultivated this
wonderful and very enjoyable characteristic that giving is in my hand and
expectation of getting depends on others. So she taught to adopt the
giving characteristics since that is in our hand.
She was most affectionate mother, teacher, philosopher
etc.etc. but she was very difficult in the matter of girl friend. That
fundamentalism was there that you can be friend or touch any girl who you shall
marry.
But she was a mother beyond definition and I pray God that
everybody get mother like her then I can confidently say that every sons and
daughter will grow most positive minded with gratitude character and the strong
desire to help others. What a wonderful world it will be.
From
the pen of ‘Saharasri’ Subrata Roy Sahara
Thursday, 5 May 2016
Sahara chief Subrata Roy’s mother passes away
With a deep pain and anguish, We are to inform that mother of 'Saharasri' Subrata Roy Sahara and the guiding light of our Sahara India Pariwar, Rev. Smt. Chhabi Roy, departed for her heavenly abode today i.e. 6th May, 2016 at 1:34 a.m. in the night. Smt Chhabi Roy wife of Late Shri Sudhir Chandra Roy was 95 year old. She was born on 15th of January in Araria district of Bihar. She has been critically ailing with for last more than 2 years and was at a makeshift hospital at Sahara Shaher, Lucknow.
Sahara India Pariwar
Sahara India Pariwar
Tuesday, 12 April 2016
SEBI : SAHARA ISSUE MISCHIEVIOUS STATEMENT BY SEBI LAWYER Mr.DATTAR
We object to misleading statements made by Sebi lawyer, Mr. Arvind Dattar in public and media. His statement in media tends to mislead by creating an impression as if 'Saharasri' Subrata Roy Sahara wanted to go abroad before incarceration. The fact however is that, 'Saharasri' was abroad and immediately returned to the country on being summoned. In November, 2013, the Hon’ble Supreme Court had restrained ‘Saharasri’ and other directors from leaving the country without permission. It is very important to state that subsequently Saharasri was granted permission by Hon’ble Supreme Court to travel abroad for two weeks, yet he did not go abroad. It is therefore clear that the statement given by SEBI’s senior lawyer Mr. Dattar is absolutely incorrect.
In 2012 Sahara has repaid to 95% of its Investors. Nobody believed that.
But now Sebi in their 4th all India Advertisement through around 144 publications has clearly said that this is the last chance esteemed Investors to lodge their claims with SEBI seeking refund.
For last 43 Months uptil, now demand of repayment to public is only Rs.52.80 crores whereas Sebi already has Sahara's around Rs.13700 crores (with interest earned) available with them and till now Sebi has refunded to public only Rs.51.84 crores. Above all we have to pay Rs.5300 crores (including B.G. of Rs.5000 crores) more to get the bail of chairman and two directors. Also Sebi is holding land asset worth around Rs.40000 crores.
So Sahara is giving security of Rs.59000 crores for only around 104 crores repayment to public to be done by Sebi ever. Sebi do not agree worth of land asset as Rs.40000 crores, They say it is Rs.20000 crores. Even then it is 39000 crores security against Rs.104 crores requirement for repayment to public.
The fact also remains, that Sahara did everything as per law prevailing at that time. Sahara did this OFCD business with written permission of 3 Registrar of Companies under Ministry of Corporate Affairs. For continuously 7-8 years registrar of companies took our balance sheets etc, received the submission of prospectus, did dozens of inspections and investigations, we filed our return every year with registrar of companies etc.
Then why the case is against Sahara by Sebi. Sebi should lodge case against 3 registrar of companies, Ministry of Corporate affairs.
Advocate On Record Gautam Awasthi
Supreme Court
In 2012 Sahara has repaid to 95% of its Investors. Nobody believed that.
But now Sebi in their 4th all India Advertisement through around 144 publications has clearly said that this is the last chance esteemed Investors to lodge their claims with SEBI seeking refund.
For last 43 Months uptil, now demand of repayment to public is only Rs.52.80 crores whereas Sebi already has Sahara's around Rs.13700 crores (with interest earned) available with them and till now Sebi has refunded to public only Rs.51.84 crores. Above all we have to pay Rs.5300 crores (including B.G. of Rs.5000 crores) more to get the bail of chairman and two directors. Also Sebi is holding land asset worth around Rs.40000 crores.
So Sahara is giving security of Rs.59000 crores for only around 104 crores repayment to public to be done by Sebi ever. Sebi do not agree worth of land asset as Rs.40000 crores, They say it is Rs.20000 crores. Even then it is 39000 crores security against Rs.104 crores requirement for repayment to public.
The fact also remains, that Sahara did everything as per law prevailing at that time. Sahara did this OFCD business with written permission of 3 Registrar of Companies under Ministry of Corporate Affairs. For continuously 7-8 years registrar of companies took our balance sheets etc, received the submission of prospectus, did dozens of inspections and investigations, we filed our return every year with registrar of companies etc.
Then why the case is against Sahara by Sebi. Sebi should lodge case against 3 registrar of companies, Ministry of Corporate affairs.
Advocate On Record Gautam Awasthi
Supreme Court
Wednesday, 30 March 2016
Statement from Sahara's lawyer - Mr. Gautam Awasthi
Pertaining to the
today’s hearing of Sahara SEBI case there are few points on which we would like
to request you to kindly clarify to your esteemed readers/audience
1.
Hon'ble Supreme Court has directed
to prepare and submit a plan of the sale of 86 properties of Sahara of which
title deeds are already submitted by Sahara. We would also like to clarify
that order is not on the other properties of Sahara and neither these 86
properties includes the foreign properties of Sahara nor Aamby Valley City nor
Sahara Star hotel.
2.
Hon’ble Supreme Court directed SEBI
that in process of selling properties it has to take inputs and consultation
with Sahara.
3.
Meanwhile, today, Sahara has
completed the payment of Rs. 5,000 Cr cash component and only Rs. 5,000 Cr bank
guarantee component is left. Senior counsel of Sahara, Mr. Kapil Sibal has
submitted that since the worth of Sahara’s 86 properties whose original
documents are with SEBI for long, is of worth of more than Rs. 40,000 crores
and is more than Rs. 5,000 crores of the required Bank Guarantee. The SEBI to get the properties valued and if the admitted
valuation is more than Rs. 5000 crore and was contended by Sahara that it
should be treated as security and Mr. Subrata Roy Sahara and two Sahara
directors be released. To this Hon’ble Court has directed SEBI to
work on this proposition
Gautam Awasthi, Advocate
Counsel for Sahara
Tuesday, 22 March 2016
Saharasri Subrata Roy Sahara’s book – ‘Life Mantras’ remains in top 5 for the last 4 weeks in the bestseller chart of Nielsen
·
The book hit number one spot
in the recent week
Lucknow, March 21, 2016: ‘Life Mantras’ – An exhaustive and thought provoking treatise by Shri Subrata Roy Sahara, Managing Worker
& Chairman, Sahara India Pariwar, on his life-time experiences,
observations as well as his insights on the day-to-day issues of people, has
been in the top 5 in the bestseller chart of Neilsen for 4 consecutive weeks. According
to Nielsen, bestseller list, last week, ‘Life Mantras’ topped the chart by
ranking number one and has become bestseller in the non-fiction category of
Nielsen BookScan. The book ‘Life Mantras’ is published by Rupa Publications.
The Nielsen BookScan service, which happens to
be the world’s largest continuous book sales tracking service operating in
India, the UK, Ireland, Australia, US, South Africa, New Zealand, Italy,
Brazil and Spain, collects total transaction data at the point of sale
directly from the tills and dispatch systems of all major book retailers.
Nielsen collects data from online and offline booksellers including Bookadda,
Crosswords, Connexion, DC Books, Flipkart, Indiatimes, Infibeam, Landmark,
Landmarketail, Capital Book Depot, Rediff, Odyssey, Pageturners, TV18
Homeshopping, WH Smith India, ebay, Mahindra Retail, Relaince Timeout, Snapdeal,
etc.
Within a month of its launch, the book - ‘Life
Mantras’ has walked upright in the chart to acquire the status of a Bestseller.
In his book, the author, Shri Subrata Roy Sahara, has elaborately detailed out
the various psychological and emotional aspects of life vis-à-vis the basic
instincts inherent in all human beings so as to bring forth the true beauty of
the multi-dimensional human life.
The book ‘Life Mantras’ is the first among the ‘Thoughts from Tihar’ trilogy series and
is available at all leading book stores across India as well as abroad. It is
also available at all leading online portals and even in the form of an e-book.
The other forthcoming books of the aforesaid trilogy series are 'Think with Me
- How to make our country ideal’ and 'Reflections from Tihar - A book on Tihar
Jail’. These other two books of the trilogy series will be released soon.
For further information
please contact:
Ghulam Zeeshan
Corporate
Communications
Sahara India Pariwar
Mob: 9792982666;
Off.: 0522 - 2724545
email id : ghulam.zeeshan@gmail.com
Wednesday, 16 March 2016
Tuesday, 15 March 2016
The Subrata Roy case: What’s happening to the billionaire who couldn’t get away?
The nationwide bust up over
how a certain liquor baron made bankers kiss dirt, walking away with bagful of
cash through a VIP channel, possibly to an undisclosed city in Europe, is
making headlines and triggering breaking news almost every day now.
But
questions need to be raised about the curious case of billionaire Subrata
Roy who paid loads of cash to the market regulator and last week completed
two years behind bars in Delhi's maximum security prison.
Roy,
who recently wrote a tome on his life experiences, is now called a
philosophical author by many .
Jokes
apart, someone seriously needs to scrutinise the case again, especially at the
way the Securities and Exchange Board of India (SEBI) handled it and the
way Sahara group demonstrated considerable resilience. A few days ago, a
handful of Sahara employees protested the delay in payment of salaries; they
were in their undergarments. The idea was to be visible on
television.
But
what's happening in the case?
On 31
August, 2012, the apex court had asked SEBI to return money to Sahara's
investors. In the last 40 months, it has been able to pay Rs 50 crores. The
Mumbai-based market regulator advertised four times in as many as 144
newspapers, inviting demands for repayment. Worse, the fourth advertisement said
it was the last opportunity for raising demand for repayment.
Does
that mean that - under any circumstances - SEBI won't be able to pay over
Rs 100 crores? And what has it got in its kitty? It has received a whopping Rs
12,000 crores and even earned interests on FDs. Also, SEBI has the property
papers of Sahara's land bank worth Rs 40,000 crore in its custody. There are
chances it will have another Rs 5,800 crore ( Rs 800 crore cash and Rs 5,000
crore bank guarantee) by the time Roy and his two directors walk out of the
prison gates. Sahara, which sought time for raising the stipulated cash from
its assets for SEBI, was given a 45-day extension that ended in November 2015.
The group claimed it had five "solid offers" for its properties.
The
slugfest between the market regulator and Sahara has been described as
corporate India's best known samudra manthan.
SEBI disputes Sahara's claim that it has paid 95 per cent of its investors from
whom it had collected Rs 24,000 crores through optionally fully convertible
debentures (OFCD) in 2009-10, after the written permission from 2 Registrars of
Companies. The Supreme Court however, upheld SEBI's plea and directed that
Saharas' investors have to be refunded the money along with interest through
SEBI.
The
billion dollar question that needs to be raised is when will SEBI verify the
authenticity of these investors? If four advertisements have failed, doesn't it
become obligatory for SEBI to verify Sahara's repayment claim? After all, the
Supreme Court says the the final decision on the issue of unpaid investors lies
with SEBI. The market regulator, which said in January 2013 that it wanted to
hire a verification agency, has reportedly failed to organise one. So who will
help ascertain the genuineness of bondholders in the Sahara case.
Look
at the way the events have progressed. SEBI has not given any reason for
withholding its notice inviting the tenders. The first tender to seek a
verification agency was floated on 2 November, 2012. SEBI asking for
applications by 22 November, 2012. It did not happen and so the deadline was
extended to 21 December, 2012, and again extended till 15 January, 2013. After
the expiry of this last deadline, SEBI decided to withhold the tender notice.
It is
now March 2016. Someone must ask questions, either in court or
on televised debates. Otherwise, the billionaire, will have no option but
to write the second sequel of his planned trilogy.
Tuesday, 1 March 2016
Saharasri Subrata Roy Sahara’s book – ‘Life Mantras’ hits number one spot in the best seller chart of Nielsen
Lucknow, February 29, 2016: ‘Life Mantras’ – An
exhaustive and thought provoking treatise by Shri Subrata Roy Sahara, Managing Worker & Chairman, Sahara India
Pariwar, is ranked number one and has become best seller in the non-fiction
category of Nielsen BookScan. According to Nielsen best-seller list, recently
unveiled ‘Life Mantras’ which is published by Rupa Publication has topped the
non-fiction book list this week and left popular Manorma Yearbook 2016 on the
second spot.
The Nielsen BookScan service is the world’s largest continuous
book sales tracking service operating in India, the UK, Ireland, Australia, US,
South Africa, New Zealand, Italy, Brazil and Spain. It collects total
transaction data at the point of sale directly from the tills and dispatch
systems of all major book retailers. Nielsen BookScan collects data from online
and offline booksellers including Bookadda, Crosswords, Connexion, DC Books,
Flipkart, Indiatimes, Infibeam, Landmark, Landmarketail, Capital Book Depot,
Rediff, Odyssey, Pageturners, TV18 Homeshopping, WH Smith India, ebay, Mahindra
Retail, Relaince Timeout, Snapdeal etc.
‘Life Mantras’ has walked upright in the chart within a month of
its launch and became a best seller. In his book Shri Subrata Roy Sahara
elaborately details out the various psychological and emotional aspects of life
vis-à-vis the basic instincts inherent in all human beings so that the gift of
‘Life’, bestowed upon us by the Almighty, emerges out in its true beauty.
‘Life Mantras’ happens to be the first book in the ‘Thoughts from Tihar’ trilogy and is
available in all leading book stores across India and abroad, at all leading online
portals and also in the form of an e-book. The forthcoming books of the said trilogy
are 'Think with Me - How to make our country ideal’ and 'Reflections from Tihar
- A book on Tihar Jail’. These other two books of the trilogy will also be
released soon.
For further information
please contact:
Ghulam Zeeshan
Corporate
Communications
Sahara India Pariwar
Mob.: 9792982666;
Off.: 0522 - 2724545
email id : ghulam.zeeshan@gmail.com
Tuesday, 23 February 2016
Life Mantras - The voice of Saharashri Subrata Roy
With a background as strong as
his you can be sure of the fact that whatever Subrata Roy has to say it will be
worthwhile and a good read. He is the brain as well as vision behind the great
Sahara Empire and was also responsible for driving it to its landmark
achievements. What’s more he successfully managed over 12 lakh employees! Managing
such a large number of employees is no joke, it sure takes a certain amount of
wisdom, skill, and discernment to work in the skill-set and motivations of so
many employees and incorporate it into the growth and progress of building
Sahara. In his book Life Mantras, Saharashri Subrata Roy talks about what
experiences in life have taught him. His book is part of a trilogy and covers a
wide variety of topics, which are segmented clearly for the easy understanding
of the reader. Apart from the contents of the book is the fact that the author
completed this book while in still in jail. For most people, getting involved
in a trail and custody would not be digested positively but here is an
individual who chose to turn the situation around and look at the silver lining
in cloud – he took to completing a book that he started writing much earlier.
Only a self-made man can credibly
talk of the power of depending on yourself to make accomplish and fulfil his
ambitions. He talks of how one must not depend on others to help one to achieve
something or become something in life, this in a nutshell can be called as
being ‘made of substance’. Many an entrepreneur/ businessman could draw
strength from this brutally true yet motivational line. Subrata Roy also talks
of the three jewels of life that make it more fulfilling and make the most of
it. Life Mantras just like its name suggests is a mantra of things that one
should take into account to make the most of this gift called life.
Friday, 19 February 2016
Subrata Roy reveals the secret to success
Some men succeed by what they
know, some by what they do, and a few by what they are. Life Mantras is a success
story written by one of the most successful man in India, Subrata Roy. They say
that a successful man is the one who lays a firm foundation with the bricks
that others have thrown at him. With great struggle and constant hard work
Saharasri laid the foundation of the Sahara India Pariwar and has ever since
been the guardian to his over 1.2 million fellow employees. He has always been
a profound thinker, a mentor, and a guide to his subjects.
Life Mantras has become the talk
of the town. Everybody wants to be successful, and knowing what it takes to
reach that point where the air is crisp has become a necessity for people who
strive hard to achieve success. Subrata Roy has written his lifetime
experiences, observations and insights on the daily issues of people at altered
corporate establishments of the conglomerate across India and also abroad. He
further elaborates the details and various psychological and emotional aspects
of life. He tells about the basic instincts that inherent in human beings as a
gift of life, and how to respect it and grow more.
Along with the success story he
you will also realize of what it takes to attain peace, true happiness,
contentment, and continuous progress in life in terms of material gains,
respect and love. The key is in your hand. Because only you can write your own
success story.
Wednesday, 10 February 2016
Saharasri says to look within!
With
his latest book ‘Life Mantras’, Subrata Roy Sahara, billionaire, business
tycoon and philanthropist adds another feather to his cap by turning Author
& Philosopher.
‘Life
Mantras’ is the first of the trilogy 'Thoughts from
Tihar'. The other two books in the trilogy are 'Think with Me' and 'Reflections
from Tihar’.
In this book, Saharasri talks about
finding true happiness and contentment within oneself and not with the World.
In today’s
fast-moving world, where we don’t have time to stop and think, there is so much
negativity around us. The lack of positivity gives rise to emotions like anger,
jealousy and insecurity. With this book, Saharasri talks about ways of dealing
with these obstacles using love, respect, knowledge, hard work, motivation and
so on. Anybody can live a peaceful, happy and contented life even by slightly
changing one’s attitude, slightly shifting one’s priorities and by making a few
behavioural adaptations.
To quote the author, “After having gone through
the book, you will definitely and convincingly realize that to achieve peace,
true happiness, contentment, satisfaction and also to attain continuous
progress in life in terms of material gains, respect and love, you need not
depend on anybody in this world. It all depends on you. It is all in your
hands.”
In his book, ‘Life Mantras’, the author goes on to explain that to
make life truly beautiful, one also needs to understand the basic truths with
which we are born with. As we make sense of these basic truths, we will slowly
find a change, a sense of fulfilment, a self-motivation coming within us. And
thus lead us to the ultimate realization that the journey of life is a blissful
and an enlightening experience.
In 1978, Saharasri laid the foundation of Sahara India Pariwar with a
mere capital of Rs.2000 (about
$32) and three workers. Today, thirty-eight years later, the company’s net
worth is a whopping Rs.1,80,000
crores (about $27 billion)! It takes a pioneer to have such Vision!
Be it his philosophy of
‘Collective Materialism’ which means continuous collective growth for
collective sharing and caring or his disciplined and focused way of living,
Saharasri has been an inspiration to every budding entrepreneur in the country
along with being a teacher, guide and proud guardian to his over 1.2 million fellow workers.
Here is hoping that with his book ‘Life Mantras’ this Pioneer and
Visionary inspires the world with his Pearls of wisdom just like he always has!
Saharasri, Business tycoon, Philanthropist and now a Writer
Subrata Roy Sahara, founder and chairman of the Sahara group,
popularly known as 'Saharasri' will be releasing his book ‘Life Mantras’, the
first of the trilogy 'Thoughts from Tihar' nationwide today.
Saharasri has been serving his sentence in New Delhi’s Tihar jail
since March 2014. Despite finding himself in legal tangles he doesn’t seem to
be bogged down by the ongoing troubles around him.
He seems to have channelized all his energies into introspecting
and either completing unfinished writing work or writing new thought provoking
books and be headed on the path to enlightenment.
The book “Life Mantras’ talks about the philosophies that
Saharasri himself has followed all throughout his life and various recollections
of precious life experiences from this fierce business tycoon’s life. Be it his
philosophy of Collective Materialism or his belief in hard work, honesty and discipline
that is required to make life beautiful, productive and progressive, the book
has it all.
This book talks about the qualities you need to inculcate in
yourself to ensure that your life is beautiful and about how to face life in
the wake of hardships and hurdles. Through his book, Saharasri talks about ways
of dealing with obstacles on a wide range of issues – love, respect, knowledge,
hard work, inner self, behaviour, health, motivation and so on.
Subrata Roy Sahara, in this book, goes on to explain that to make
life truly beautiful, one also needs to understand the basic truths with which
we are born with. In other words, one needs to be aware of the realities of
life. As one indulges oneself in the potent energy of these ‘Life Mantras’, a
change will be seen visibly, a sense of fufilment, one will be surrounded with
a self-motivating energy. The book talks about how one will be led to the
ultimate realization that the journey of life is indeed a truly blissful and an
enlightening experience. This is
quintessential for anyone seeking peace and success, professionally and personally.
Will Saharasri be able to take the country by storm with this new
beacon on knowledge? Only time will tell.
Subscribe to:
Posts (Atom)



