पढ़ाई में कमजोर सुब्रत ने टॉपर से की थी शादी, 20-20 रु. जमा कर बने अरबपति

 

बिहार में हुए थे पैदा

सुब्रत रॉय सहारा का जन्म 10 जून, 1948 को बिहार के अररिया जिले में हुआ था। उनके पिता का नाम सुधीर चंद्र रॉय और माता का नाम छवि रॉय था। कोलकाता में शुरुआती शिक्षा-दीक्षा लेने के बाद उन्होंने गोरखपुर के एक सरकारी कॉलेज से मैकेनिकल इंजीनियरिंग की पढ़ाई की। दिलचस्प है कि सहारा श्री ने अपना पहला कारोबार गोरखपुर से ही शुरू किया।

2000 रुपए से शुरू किया था बिजनेस

बंगाली मूल के सहारा प्रमुख सुब्रत रॉय खुद को सहारा श्री कहलाना पसंद करते हैं। 1978 में 2000 रुपए से शुरू किया गया उनका बिजनेस आज हजारों करोड़ रुपए तक पहुंच गया है। उनके पुराने जानने वाले बताते हैं कि उन्होंने एक स्कूटर के साथ अपना सफर शुरू किया था। तब दिन में 100 रुपए कमाने वाले लोग उनके पास 20 रुपए जमा कर जाते थे।

Sebi-Sahara row: Why people are still willing to deposit money with Subrata Roy's company

Two days ago, some 24 hours after Sahara's Subrata Roy was arrested at the command of the Supreme Court, I had an interesting phone conversation with a Sahara depositor. This was someone who was not just made a deposit with Sahara in the past, but was planning to do so again soon. He knows many people who are regular Sahara depositors. He had a form with him for two schemes. One of them offered a gain of 10% for a tenure of one year, and the other, a gain of 40% for a deposit period of 48 months.

That's also about 10%. There are several things here that those who are acquainted with the Sahara affair only through TV and newspapers would find surprising. One, there is still financial business being conducted under the Sahara brand. This example is from Jharkhand, and not from a small town either. Two, there are people who are still willing to deposit money with Sahara. This particular depositor is an educated man who has access to the entire range of financial instruments.

Three, I think there are at least some media commentators who would be surprised that there is any such thing as a Sahara depositor. And four, those who'll try to think through this thing will see that 10% per annum is hardly an outsize or a Ponzi-like return being offered.
So why are people still willing to deposit money with Sahara? As far as I can see, simply because they started doing so in the past and the experience has not been negative. They did so in the past, got their money back with the promised returns and it just goes on, even when they have access to alternatives.

One thing about Sahara, which is getting lost in the excitement about the legal tricks that the Sahara group has been playing with Sebi and RBI, is that there is a real savings and investments business that exists. This business is likely to be illegal now, likely to be declining, it may be wrapped up in a larger money-laundering scheme, and its scale may be smaller than the claims of Sahara.

However, there really are a large number of depositors who use Sahara's services and have done so for years, even decades. This is something that anyone who has first-hand familiarity with life in small towns of the Hindi belt can vouch for. This business still exists. When, in 2008, RBI asked Sahara to wind up this business, it should have done so in a law-abiding manner. However, it didn't and RBI failed to detect that it didn't.

Currently, there is a lot of noise being made about the interests of depositors by various authorities and the media. However, the actual focus and the actions do not have the depositors' interests at heart. One reason is that there is a certain belief that these depositors don't exist, that Sahara is entirely a money-laundering scheme.

This simply isn't true. To my mind, the most important question today is what is the real base of investors and if there are enough assets backing their deposits. The long period over which Sahara has existed and the reasonable returns it offers make it unlikely that it's an out-and-out ponzi scheme like Saradha in Bengal and so many others.

However, there may well be some shortfall in assets. Sahara may be a rogue financial institution. And if the rogue part of that description is true, but so is the financial institution part. The most important thing today is to provide a safe exit to real depositors. The cat and mouse game of the so-called Sahara Shri will no doubt continue to entertain all of us for a while. However, someone needs to pay some attention to the real small depositors.

By: Dhirendra Kumar CEO, Value Research

http://economictimes.indiatimes.com/opinion/comments-analysis/sebi-sahara-row-why-people-are-still-willing-to-deposit-money-with-subrata-roys-company/articleshow/31323040.cms

Sahara Explains About Its Cash Transaction

The hearing on 11.2.2014 witnessed a lot being made out of the startling fact that Sahara has been raising money in cash and correspondingly a one-sided story has surfaced so far in the public eye. This incident has severely dented Sahara’s image and credibility which can potentially impact 12 Lakh families dependent on Sahara for earning their livelihood.
The truth lies in the fact that most of our investors are small. In OFCD an average investment is no more than a mere Rs. 8,000 while around 98% investors fall below the Rs. 19,000 mark to as low as even Rs. 500. Interestingly enough, most of these people do not have banking privileges and neither do banks aim to reach them.
On this context it is very important to take note of the fact laid down by trusted global and national studies that only 50% of India’s billion strong population has access to Banks. Hence these deprived small investors deposit their hard earned cash at Sahara to watch it grow for a safer future.
India’s truly indigenous partnership firm Sahara India has infrastructure throughout the country with more than 4700 offices which employ Lakhs of workers. Sahara was and is committed towards excellence for benefitting the society at large and continues to provide work and infrastructure services to Housing Finance, Mutual Benefit, Residuary Non Banking, OFC Debentures and Credit Co-operative Society as well as non-financial activities.
The branches and service centers of Sahara India follow strict, convenient, safe and financially beneficial policies which have been adopted to ensure priority utilization of a day’s money coming from the vast range of Sahara ventures to clear daily payments including establishment expenses, secured loans, prematurity, maturities, redemption and whatsoever which are entirely settled constitutionally at the headquarter level.
The strict aforesaid policy was followed primarily due to reasons enumerated as follows:
a. We have lost few lives of our fellow Sahara workers involved in shifting money from branches to banks and vice versa (more dangerous in the later scenario) over the years. Innumerable times have our men faced cases of snatching and robbery where some have succumbed to the serious injuries while many had to deal with minor injuries. Our men are wary of their safety to while shifting money from the deposits to the bank and vice versa as well. It is definitely neither cost effective nor viable to provide armed security at every juncture in more than four thousands of nationwide branches.
b. If the policy would have been to transfer all the collected money from our branches to the Headquarter and then back again to the branches for making payments, the entire procedure would have cost us a huge amount in the form of bank charges including further losses of interest which on continuous basis would have led to serious financial consequences that has hard hitting social impacts. This would have severely compromised with our strict day-to-day basis policy for payments.
Regarding large payments in short periods, SEBI is unwilling to understand the spread of Sahara’s network into 4700 centers across India. Careful calculations would reveal average daily financial transactions per branch to be around Rs. 2.5 Lakhs which in no way is a negligible phenomenon.
Out of the Rs. 5120 Crores deposited to SEBI by Sahara, SEBI has been able to repay only around Rs. 70 Lakhs to the investors in the last 17 months. SEBI has contemptuously ignored the Honorable Courts’ order by failing to initiate a single verification yet out of the 3 Crore investors in the last 17 months which includes the last few months of their total avoidance to report the valuation of Sahara’s assets submitted to them. We are indeed very happy this time to acknowledge the Honorable Court’s order for SEBI to come out soon with Sahara’s valuation report.

Sahara Career Thon

Sahara group, whose legal battle with Sebi continues in Supreme Court over refund of over Rs 20,000 crore to investors, has made a surprise announcement of plans being afoot to hire over 56,000 new employees this year along with investments to the tune of nearly Rs 32,400 crore.
In three-page newspaper advertisements, the group has invited applications for senior positions across business verticals within and outside country and said that these more than 56,000 new jobs need to be filled by the end of 2014.
In three-page newspaper advertisements, the group has invited applications for senior positions across business verticals within and outside country and said that these more than 56,000 new jobs need to be filled by the end of 2014.
At the same time, it has also claimed that the group, which calls itself Sahara India Pariwar, is “committed to creating four lakh salaried positions in next three years”.
The businesses for which job applications have been invited include FMCG & retail, dairy, poultry, luxury real estate and lifestyle, food factory, low-cost housing, CSR, education and even cruises (Sahara Water Homes).
The businesses for which job applications have been invited include FMCG & retail, dairy, poultry, luxury real estate and lifestyle, food factory, low-cost housing, CSR, education and even cruises (Sahara Water Homes).
Besides job details, the group also disclosed specific investment targets for at least four business verticals and these investments total to an amount of Rs 32,394 crore.
For its ‘Luxury Retail: Sahara Global Master craft Ltd’ business, the group said that an investment of Rs 1,400 crore would be made over five years, while Rs 5,172 crore would be invested in Food & Beverages and Entertainment: QSR (Quick Service Restaurants).
Its ‘International Business: Macedonia (Europe)’ business is expected to see an investment of Rs 13,922 crore in dairy project and Rs 9,600 crore in hospitality project.
Further, healthcare would seen an investment of Rs 2,300 crore for 5-7 years, according to the public notice.
The group also claimed a huge asset base with a market value of “Rs 1, 52,518 crore” and a land bank of 36,631 acres.
This massive recruitment drive comes at a time when the group is caught in a legal battle with Sebi, which had charged it of raising over Rs 24,000 crore through various “illegalities” in issuance of certain bonds through two firms.
These two firms — Sahara India Real Estate Corp Ltd (SIREC) and Sahara India Housing Investment Corp Ltd (SHIC)– were asked to refund the money to investors, while the Supreme Court also asked the group to comply with Sebi orders.
Sahara group later deposited Rs 5,120 crore with Sebi and claimed that it was way above the outstanding amount due to be returned to investors as more than Rs 20,000 crore were already refunded directly.
The Supreme Court has refused to allow Sahara Group chief Subrata Roy to leave the country till the companies provide details of refunding Rs 20,000 crore to investors.
The apex court last week asked the group to furnish all the documents to reveal the source of Rs 22,885 crore which it claims to have refunded to the investors.
Besides, the group was directed to place all documents including the bank statements sought by Sebi before February 11 when the court would take up the case for further hearings.