CURRENT STATUS OF THE COMPANY:

1. Sahara group’s chief Subrata Roy is quite optimistic that all the issues related to the
company will get sorted by the end of the year 2020. According to Subrata Roy two
big foreign investors have been roped in for real estate and city development
businesses and about ₹ 220 Billion that was deposited with regulator Sebi will also
eventually come back.
2. An assurance has also been provided by Subrata Roy to all the Sahara investors that it
will be made sure all of them will get their invested amount surplused with interest
and also additional interest would be paid for each day delayed after the scheduled
time.
3. On the 42nd Foundation Day, which was celebrated on February 1 2020, Subrata Roy
said the group always tries to keep its culture of punctual payment and quality in
service firm. He admitted that there has been delay in payment since 2013 because of
some unwanted situations.
4. Sahara chief referred to the age old dispute with capital market regulator Sebi over
funds and also said that the total amount produced through sale and mortgage of
assets or from joint ventures had to be deposited in a Sebi-Sahara account due to an
embargo imposed by the Supreme Court.
5. Recently, government told Parliament regarding the deposition of ₹15,448.67 crore
by Sahara group into ‘Sebi-Sahara Refund’. According to the direction of court the
group has also given a cheque of ₹41.59 crore in January 2020.
6. According to Roy several limitations and restrictions imposed are enhancing the
challenge for the group to do business in housing development. He mentioned despite
of owning thousands of acres of land which are spread over parcels of 100-300 acres,
the group is experiencing shortage of buyers because of existing downturn in the real
estate of market. Although there are few interested buyers but they are denying to pay
the genuine price, and a deal at such a cheap rate isn’t feasible as it’s not permissible
for Sahara to make any sale below 90 per cent of the government circle rate.
7. In between the Corona pandemic, huge layoffs from small and large business
establishments in every industrial sector has been reported. This scenario has led to a
sense of insecurity of job loss and financial destabilisation among salaried employees.
Sahara India Pariwar not being an exception has also witnessed the negative impacts
of lockdown but despite this, it has ensured its 44 lakh workers are earning their
livelihood in a safe manner. Interests of its workers which constitute its large family
have always been of utmost priority for the group and as a result not even a single
worker has been laid off during this pandemic. Not only this, depending on the
productivity around 4,05,874 employees working on the field have got promotion by
the Sahara group. Apart from this salary of 4,808 employees has also been increased.

OVERVIEW OF THE INDUSTRY:

Sahara India Pariwar belongs to a conglomerate industry, which means it is a multi-

industry company. The Sahara India group operates business sectors like finance,
infrastructure and hosing, media and entertainment, healthcare, education, hospitality
and information technology. It has been an important sponsor in sports industry and
has a record of sponsoring cricket teams and hockey teams.

Following are the business sectors operated by the company:

1. Real estate: Sahara India Real Estate Company and the Sahara Housing
Investment Corporation, subsidiaries of the conglomerate, buy and develop land
for residential housing projects across India. 

2. Electric Vehicles: Under the brand name Sahara Evols in June 2019, the Sahara
group launched Electric Vehicles. The product line of Sahara Evols consisted
of motorbikes, scooters, e-rickshaws, charging stations and EV batteries.

3. Media and Entertainment: The national Hindi news channel Samay is owned by

Sahara group. It also owned Sahara One, a general entertainment channel; Filmy,
a Hindi movie channel; and Firangi, an entertainment channel. The group owned
publishes and sells one magazine in English, seven editions of the Hindi daily
newspaper Rashtriya Sahara, nine editions of Urdu Daily Newspaper Roznama
Rashtriya Sahara and one International Urdu Weekly, Alami Sahara.

4. Hotels: Sahara group owned a controlling stake in New York City's Plaza

Hotel and Dream Downtown Hotel. In India, near Mumbai's Chhatrapati Shivaji
 International Airport there is a hotel "Sahara Star" which is owned by the Sahara
group.

5. Finance: Sahara India Life Insurance Company Ltd. (SILICA) is a life

insurance company in the private sector Sahara Asset Management Company Pvt.
Ltd. which manages 16 equity and debt mutual funds.

6. Retail: Sahara India announced the opening of its retail FMCG business named 'Q
shop' (Quality shop) on 13 August 2012 with the starting investment of Rs.
30 billion. The group also announced hiring 600,000 sales personnel and 3000
customer care executives. Sahara Q Shop entered into the Guinness World
Records when it opened 315 outlets in 10 states of India.

7. Health care: A hospital in Lucknow is owned by Sahara group which became

operational in February 2009 and is currently operating with approximately 350
beds, including 120 beds Critical Care Infrastructure which is expandable to 554
beds.

8. Idea cargo packers and movers: With the name of "Sahara Next", the company
offers information technology consulting services in finance, media, banking and
entertainment, CRM and chemicals.

9. Sports: Sahara used to own several professional sports teams in India in a variety
of sports. In badminton, it owned the Awadhe Warriors of Lucknow, one of the
eight teams in the Indian Badminton League. It owned the Pune Warriors India, a
franchise cricket team that played in the Indian Premier League (IPL).

10. Airline: The Sahara group owned an airline, Air Sahara, which it sold to Jet
Airways in 2007.