Who is Sushanto Roy (Subrata Roys Son)? Wiki, Biography, Age, Wife, Kids, Family, Net Worth & Mor

May 2024 · 8 minute read

Sushanto Roy (born 7 September 1978, Age: 45 years old) is an Indian businessman and the son of Subrata Roy, the founder, and chairman of Sahara India Pariwar, one of the largest and most diversified conglomerates in India. Sushanto is the executive director and chief executive officer of Sahara Prime City Limited, the real estate arm of the Sahara group. He is also involved in various other businesses of the group, such as media, entertainment, hospitality, sports, and education.

Early Life and Education

Roy was born on 7 September 1978 in Lucknow, Uttar Pradesh, India. He is the elder son of Subrata Roy and Swapna Roy, who is the deputy managing worker of the Sahara group. He has a younger brother, Seemanto Roy, who is also an executive director of the group. Sushanto completed his schooling at La Martiniere College in Lucknow and then graduated from Kirori Mal College, University of Delhi, with a bachelor’s degree in commerce. He also holds a master’s degree in business administration from the London School of Economics.

Career and Achievements

Sushanto Roy joined the Sahara group in 2000 as a member of the core team of his father, Subrata Roy. He started his career by overseeing the operations of Sahara India Financial Corporation Limited, the flagship company of the group that provides financial services to millions of customers across India. He played a key role in expanding the network of the company and introducing innovative products and services. He also helped launch Sahara Care House, a unique service that provides assistance and support to the elderly and NRIs.

In 2004, Roy took charge of Sahara Prime City Limited, the real estate division of the group that develops residential and commercial projects across the country. He is responsible for the planning, execution, and marketing of the projects, as well as the overall management of the company. He has been instrumental in creating some of the landmark projects of the group, such as Sahara Grace, Sahara City Homes, Sahara States, and Aamby Valley City. He has also initiated several CSR activities, such as Sahara Welfare Foundation, Sahara Scholarship, and Sahara Swasthya.

Sushanto Roy is also involved in various other businesses of the Sahara group, such as media, entertainment, hospitality, sports, and education. He is the director of Sahara One Media and Entertainment Limited, which operates television channels, film production, and distribution. He is also the director of Sahara Hospitality Limited, which owns and operates hotels, resorts, and clubs. He is also the co-owner of the Uttar Pradesh Wizards, a hockey team that participates in the Hockey India League. He is also the chairman of Sahara Arts and Management Academy, an institution that offers courses in arts, media, and management.

Marriage, Spouse & Children

Roy is married to Richa Roy, the daughter of Aamesh Ahuja, a Lucknow-based businessman. They tied the knot in 2004 in a grand ceremony that was attended by more than 11,000 guests from around the world. The wedding was held at Sahara Shaher, the sprawling township of the Sahara group in Lucknow. The couple has two children, a son and a daughter.

Sushanto is very close to his father, Subrata Roy, who is his mentor and guide. He shares his father’s vision and values and follows in his footsteps in business and philanthropy. He is also very fond of his mother, Swapna Roy, who is his source of inspiration and support. He is also very attached to his brother, Seemanto Roy, who is his partner and friend. He considers his family as his biggest strength and his employees as his extended family.

Sushanto Roy Wiki/Bio

NameSushanto Roy
Born7 September 1978 (age 45)
BirthplaceLucknow, Uttar Pradesh, India
NationalityIndian
OccupationBusinessman
Net worth$1 billion (as of 2023)
SpouseRicha Roy
Children2
ParentsSubrata Roy (father)
Swapna Roy (mother)
SiblingsSeemanto Roy (brother)
EducationLa Martiniere College (school)
Kirori Mal College, University of Delhi (B.Com)
London School of Economics (MBA)
ReligionHinduism
AwardsBusiness Leader of the Year (2010) by NDTV Profit
Young Achiever Award (2011) by India Today
Real Estate Icon of the Year (2012) by CNBC Awaaz
Instagramsushantoroy
Homepagenewsunzip.com

Net Worth and Lifestyle

Roy is one of the richest and most influential businessmen in India. He has a net worth of over $1 billion, according to Forbes India. He owns a stake in the Sahara group, which has a market value of more than $50 billion, according to the company’s website. He also owns several properties and assets, such as luxury cars, private jets, and yachts.

Sushanto lives a lavish and luxurious lifestyle. He resides in a palatial bungalow in Lucknow, which is spread over 270 acres and has a golf course, a helipad, and a temple. He also owns several other properties in India and abroad, such as a penthouse in Mumbai, a villa in London, and a mansion in New York. He travels around the world in his private jets and yachts.

He is fond of sports and fitness and plays golf, tennis, and polo. He is also a patron of arts and culture and supports various artists and performers. He is a humble and generous person and donates a large part of his income to various social causes and charities. He is a devoted Hindu and follows the teachings of the Bhagavad Gita.

How Did Subrata Roy Die?

The death of Subrata Roy, the founder and chairman of Sahara India Pariwar, has shocked the nation and raised many questions about the future of his business empire. Roy, who was one of the most influential and controversial businessmen in India, died due to cardiorespiratory arrest on November 14, 2023, at the age of 75. He was suffering from metastatic malignancy, hypertension, and diabetes for a long time.

Roy had built a vast conglomerate with interests in financial services, media, entertainment, hospitality, real estate, sports, and more. He claimed to have a workforce of over 1.2 million people and a customer base of over 30 crore. He also owned some of the most iconic properties in the world, such as the Grosvenor House Hotel in London, the Plaza Hotel, and the Dream Downtown Hotel in New York.

However, Roy’s business empire was also mired in legal troubles and controversies. He was arrested in 2014 on the orders of the Supreme Court for failing to refund more than Rs 20,000 crore to the investors of two of his companies, Sahara India Real Estate Corporation Limited (SIRECL) and Sahara Housing Investment Corporation Limited (SHICL). The court found that these companies had raised money from the public through illegal and unregulated schemes. Roy spent over two years in Tihar Jail before he was released on parole in 2016. He was still facing several cases and investigations by various agencies, such as the Enforcement Directorate, the Income Tax Department, and the Securities and Exchange Board of India (SEBI).

Roy’s family and citizenship

Roy is survived by his wife Swapna Roy and his two sons, Sushanto and Seemanto Roy. While his sons were actively involved in the management of the Sahara group, his wife was mostly away from the limelight. However, what many people may not know is that Swapna Roy and Roy are not Indian citizens. They have acquired the citizenship of the Republic of Macedonia, a country in the central Balkan peninsula in South-East Europe.

According to reliable sources, Swapna Roy and Sushanto obtained citizenship of Macedonia in 2014, around the same time when Roy was arrested in India. Macedonia is one of the countries that offers citizenship by investment, which means that foreigners can obtain citizenship of the country by making a significant contribution to its economy, such as investing in real estate, creating jobs, or donating to a government fund. The minimum investment required for obtaining citizenship in Macedonia is €400,000, which is equivalent to about Rs 3.5 crore.

The reason behind Swapna Roy and Roy’s decision to acquire the citizenship of Macedonia is not clear. It could be a way to safeguard their assets and interests in case of any adverse situation in India, or it could be a personal choice based on their preference and lifestyle.

However, it is important to note that Macedonia does not allow dual citizenship, which means that Swapna Roy and Sushanto had to renounce their Indian citizenship when they became citizens of Macedonia. This also implies that they do not have any voting rights or political representation in India, and they are subject to the laws and regulations of Macedonia.

The impact of Roy’s death on the Sahara group

The death of Roy has left a huge vacuum in the Sahara group, which was largely dependent on his vision and leadership. Roy was known for his charismatic and flamboyant personality and his close relationship with his employees and customers. He was also known for his philanthropic and social activities, such as sponsoring the Indian cricket team, organizing mass weddings for the poor, and supporting various causes and initiatives.

However, Roy’s death also poses a challenge for the Sahara group, which is facing a financial crisis and a credibility crisis. The group has been struggling to repay its debts and liabilities and to comply with court orders and regulatory norms. The group has also been accused of money laundering, tax evasion, fraud, and mismanagement by various authorities and critics. The group has been trying to sell some of its assets and properties to raise funds, but it has faced many hurdles and delays in the process.

Sushanto Roy is a successful and respected businessman and the son of Subrata Roy, the founder and chairman of Sahara India Pariwar. He is the executive director and chief executive officer of Sahara Prime City Limited, the real estate arm of the group. He is also involved in various other businesses of the group, such as media, entertainment, hospitality, sports, and education.

He is married to Richa Roy and has two children. He has a net worth of over $1 billion and lives a lavish and luxurious lifestyle. He is a humble and generous person and donates a large part of his income to various social causes and charities. He is a devoted Hindu and follows the teachings of the Bhagavad Gita. He is one of the most influential and inspiring personalities in India and a role model for many.

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