September 20, 2014 5:02 AM ET

Industrial Conglomerates

Company Overview of Sahara India Pariwar Ltd.

Company Overview

Sahara India Pariwar Ltd., a business conglomerate, engages in finance, infrastructure and housing, consumer merchandise and fast moving consumer goods retail, luxury real estate and lifestyle services, dairy and hospitality, media and entertainment, manufacturing, and information technology businesses in India. It offers life insurance plans and housing finance; manages mutual fund schemes in equity and debt segments; retails staples, processed foods, beverages, home and personal care products, water, consumer durables, general merchandise, packaged foods, ready-to-eat products, dairy products, and jewelry; operates neighborhood centers, including cinema halls, learning centers, restaurants...

Sahara Shaher

Gomti Nagar

Lucknow,  10

India

Founded in 1978

Phone:

91 52 2230 4260

Fax:

91 52 2239 5411

Key Executives for Sahara India Pariwar Ltd.

Chairman and Managing Worker
Age: 61
Executive Director
Age: 34
Asst General Manager of Sahara India Product Division
Compensation as of Fiscal Year 2014.

Sahara India Pariwar Ltd. Key Developments

Sahara Group Reportedly Plans To Sell 100 Acres In Bangalore for INR 4 Billion

Sahara India Pariwar Ltd. is in talks to sell two land parcels in Bangalore to Pacifica Group and a high networth individual for approximately INR 4 billion as Sahara India Pariwar sells assets to find money to secure the release of jailed chairman Subrata Roy. Economic Times reported citing unknown people , Sahara has approached the Supreme Court to allow the company to proceed with the sale as these land parcels are not part of the list of properties the apex court has allowed Sahara to sell. The company has an option to swap these properties with the list of land parcels it is allowed to sell to raise the money. Sahara India Pariwar did not respond.Pacifica Group spokesman denied any such plans.

Sahara India Gets 15 More Days to Sell London and New York Hotels

Sahara India Pariwar Ltd. gets another extension to seal a deal. Sahara India now has until September 30, 2014, to sell the Grosvenor House hotel and two hotels in New York. Sahara India has not officially named any of the potential buyers for the hotels.

Chinese Conglomerate Among Top Contenders For Sahara Hotels

Four biuyer apart from the Sultan of Brunei interested in Dream Downtown and The Plaza in New York and Grosvenor House in London. Subrata Roy, Sahara India Pariwar Ltd. Chief is expected to seek another 15 working days from the Supreme Court to raise the INR 100 billion, required for his regular bail. Business Today cited a source close to the development as saying the four buyers in the race included a cash-rich Chinese infrastructure and real estate conglomerate which had emerged as the front-runner, a Geneva-based firm, a business entity in New York and a Middle East princeling. The source said the names of the entities could not be disclosed as they had signed non-disclosure agreements.

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