MUMBAI: Subrata Roy, the founder of Sahara India Group, passed away on Tuesday due to cardiorespiratory arrest, said the business group in a statement. He was 75 years old.

"It is with profound sadness that Sahara India Pariwar informs the demise of our Hon'ble 'Saharasri' Subrata Roy Sahara, Managing Worker and Chairman, Sahara India Pariwar," read the statement issued by Sahara India Pariwar.

The statement said that Subrata Roy was admitted to Kokilaben Dhirubhai Ambani Hospital & Medical Research Institute (KDAH) on 12th November this year following a decline in health and he was battling with various health complications.

"Saharasri ji, an inspirational leader and visionary, passed away on 14th November 2023 at 10.30 pm due to cardiorespiratory arrest following an extended battle with complications arising from metastatic malignancy, hypertension, and diabetes. He was admitted to Kokilaben Dhirubhai Ambani Hospital & Medical Research Institute (KDAH) on 12th November 2023 following a decline in health," the statement said.

"His loss will be deeply felt by the entire Sahara India Pariwar. Saharasri ji was a guiding force, a mentor, and a source of inspiration for all who had the privilege to
work alongside him," the statement added.

The statement further said that details regarding the last rites will be communicated in due course.