Sahara India is a major Indian corporate group fondly known as the “Sahara India Pariwar” which was established in the year 1978. Subrata Roy is the Chairman and Managing worker of the Sahara Group of companies.
Mr. Subrata Roy started of his astonishing journey with a vision that was backed up by the belief that “Emotion is the key to Success”. Initially he started of with a saving of Rs.2000 and in a span of 29years, the Sahara India Pariwar has just grown from 42 depositors in all and a single establishment in the beginning to over 6.1 crore depositors through 1707 establishments across India. The growth of the group was extensively remarkable.
Today the group has a diverse business interests which inculcate Media and Entertainment, …show more content…
It is the first RNBC to be granted the certification from RBI.
- Life Insurance: Sahara Life Insurance Company Ltd is the first wholly Indian-owned Life Insurance company in the private sector
- Mutual funds: Sahara Mutual Funds(2005)
- Housing Finance: Sahara Housingfina Corporation Ltd(2002)
Infrastructure and Housing
- Sahara Infrastructure and housing is India’s largest realtor
Tourism and Hospitality
- Sahara India offers a wide range of consumer products.
- Developing the largest retail chain in India under the brand name Sahara Unique
- Jute manufacturing
- Handcraft industry
Services and Trading
- Sahara Net: largest V-SAT network
- Sahara Care House: attractive services to the dependants of NRIs in India
The main case was basically about the OFCD (Optionally fully Convertible Debentures) and its …show more content…
On June 2011, former SEBI member KM Abraham even wrote a whistle-blowing letter to former PM, blaming that the Finance Minister and his advisor were trying to force SEBI chairman to manage high profile cases.
When it comes to reality all that matters is financial cost and ethics no longer remains a matter of personal opinion. 80% of the Indian economy relies on corporate sector and has a great contribution to the GDP.
Presently India figures the seventh most corrupt country in the world as per the study conducted by Transparency International, a non-government German Organisation. India as a Country itself has a countable number of scams to state the above fact. Even though various measures are being taken to reduce the corruption it is not actually falling into practice accordingly. Laws and regulations are meant to be abided by all the individuals in the nations but how many of them value these laws and how many of them fear the rules and regulation of violating the laws again is a matter of point to be