Sahara Manoranjan
 |
|
| Privately held company | |
| Industry | Conglomerate |
| Founded | 1978 (Lucknow, India) |
| Founder | Subrata Roy |
| Headquarters | Lucknow, India |
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Area served
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India |
|
Key people
|
Subrata Roy (Chairman) |
| Products |
Financial services Construction Mass media Retailing IT Services & Outsourcing |
| Revenue |
 ₹730 billion (US$11 billion) (2011) |
| Website | www |
Sahara India Pariwar is an Indian conglomerate headquartered in Lucknow, India with business interests in finance, infrastructure & housing, media & entertainment, consumer merchandise retail venture, manufacturing and information technology. The company has an estimated market capitalisation of US$25.94 billion as of March 2011. The group is a major promoter of sports in India and was the main sponsor of the India national cricket team. The company owns a 42.5% stake in Formula One's Force India Formula 1 Team and also sponsors India national field hockey team. In more recent times, the company has faced criticism due to allegations regarding questionable financial practices, crony capitalism and its close nexus with and favoritism from political parties.
Sahara India Pariwar was founded by Subrata Roy. The group operates 4,799 establishments under the Sahara India umbrella.
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. The company has projects in Kanpur, Lucknow, Gorakhpur, Hyderabad, Bhopal, Kochi, Coimbatore,Gurgaon and Pune. Sahara has a collaboration with Turner Construction, an American building company, in some of its projects.
Sahara owns several professional sports teams in India in a variety of sports. In badminton, it owns the Awadhe Warriors of Lucknow, one of six teams in the Indian Badminton League'.
In cricket, it owned the Pune Warriors India, a franchise team that played in the Indian Premier League (IPL),.
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