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Sahara India Pariwar
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Sahara India Pariwar
Sahara India Pariwar (pariwar being Hindi for "family") is an Indian conglomerate headquartered in Lucknow, Uttar Pradesh, India. The group operates in numerous business sectors.
Long accused of shady business practices including money laundering and running ponzi schemes, the group has been also referred to as "India's Swiss Bank". The group is currently embroiled in Sahara India Pariwar investor fraud case.
Sahara India Pariwar was founded by Subrata Roy Sahara in 1978. In 2004, Sahara group was termed by the Time magazine as 'the second largest employer in India' after the state-owned Indian Railways. As of 2013, the group operated more than 5,000 establishments across India with the employee strength around 1.2 million (both field and office) under the Sahara India umbrella.
The group has been also called "the Swiss Bank of India" where "the high and mighty keep their unaccounted money".
The group has operated numerous business sectors such as finance, infrastructure & housing, real estate, sports, power, manufacturing, media & entertainment, health care, life insurance, educational institute, offline online education (edunguru), retail, E-commerce (online/offline shopping), electrical vehicle (Sahara evols), hospital, artificial intelligence, hospitality, and co-operative society. The group has been a major promoter of sports in India and was the title sponsor of the Indian national cricket team, Indian national hockey team, Bangladesh national cricket team, and Force India Formula One team among others.
Sahara India Real Estate Company and the Sahara Housing Investment Corporation are subsidiaries of the conglomerate. They buy and develop land for residential housing projects across India. The company has its projects spread almost all over India. Sahara has a collaboration with Turner Construction, an American building company, in some of its projects.
Sahara India Pariwar announced the launch of Electric Vehicles under the brand name Sahara Evols in June 2019. The product line of Sahara Evols initially consists of motorbikes, scooters, e-rickshaws and 3-wheeler cargo vehicles, charging stations and EV batteries.
Sahara owns several professional sports teams in India in a variety of sports. In badminton, it owns 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).. They were also the sponsors for the indian cricket team.
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Sahara India Pariwar
Sahara India Pariwar (pariwar being Hindi for "family") is an Indian conglomerate headquartered in Lucknow, Uttar Pradesh, India. The group operates in numerous business sectors.
Long accused of shady business practices including money laundering and running ponzi schemes, the group has been also referred to as "India's Swiss Bank". The group is currently embroiled in Sahara India Pariwar investor fraud case.
Sahara India Pariwar was founded by Subrata Roy Sahara in 1978. In 2004, Sahara group was termed by the Time magazine as 'the second largest employer in India' after the state-owned Indian Railways. As of 2013, the group operated more than 5,000 establishments across India with the employee strength around 1.2 million (both field and office) under the Sahara India umbrella.
The group has been also called "the Swiss Bank of India" where "the high and mighty keep their unaccounted money".
The group has operated numerous business sectors such as finance, infrastructure & housing, real estate, sports, power, manufacturing, media & entertainment, health care, life insurance, educational institute, offline online education (edunguru), retail, E-commerce (online/offline shopping), electrical vehicle (Sahara evols), hospital, artificial intelligence, hospitality, and co-operative society. The group has been a major promoter of sports in India and was the title sponsor of the Indian national cricket team, Indian national hockey team, Bangladesh national cricket team, and Force India Formula One team among others.
Sahara India Real Estate Company and the Sahara Housing Investment Corporation are subsidiaries of the conglomerate. They buy and develop land for residential housing projects across India. The company has its projects spread almost all over India. Sahara has a collaboration with Turner Construction, an American building company, in some of its projects.
Sahara India Pariwar announced the launch of Electric Vehicles under the brand name Sahara Evols in June 2019. The product line of Sahara Evols initially consists of motorbikes, scooters, e-rickshaws and 3-wheeler cargo vehicles, charging stations and EV batteries.
Sahara owns several professional sports teams in India in a variety of sports. In badminton, it owns 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).. They were also the sponsors for the indian cricket team.