Will reimbursement Rs 24,000 crore to investors in 3 months: Sahara said to SC

New Delhi: Sahara India on Saturday confident the Superior Judge that its two organizations which had brought up Rs 24,000 crore through Additionally Completely Sports convertible Debentures (OFCDs) from their investors will reimbursement the quantity within three several weeks.

"We will reimbursement the quantity. There is no query of going returning," mature recommend Gopal Subramaniam, showing for the organization, informed a common advancing by Rights K S Radhakrishnan.

He also asked for forgiveness with the common to allow the companies a while to type out the "disagreement" with SEBI which has claimed that the organization is not providing all the records associated with the investors to it as per the top court's past purchase.

The common was listening to an program by SEBI, which has claimed that the Sahara India has not equipped all records in its legal care to the industry regulator as was instructed by the top court to do by Sept 10.

The common after listening to the justifications published the issue for further listening to on Oct 19.

The top court on Aug 31 had said that if the organizations -- Sahara Indian Actual Property Organization (SIREC) and Sahara Actual estate Financial commitment Organization (SHIC) -- fall short to reimbursement the quantity then SEBI can connect qualities and lock up records of the organizations.

It had requested the organizations to reimbursement the cash to their investors within three several weeks with 15 % yearly attention.

It had also requested Sahara to supply all its records to the regulator.

The court had also hired one of its outdated most judges, Rights B N Aggarwal, to manage the activity taken by SEBI against the two Sahara companies.

The common had said the municipal and legal obligations should be enforced on the organization for involving in such financial offence.

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Sahara’s Emotional Statement After Court’s Order

1.                In 2008/2009 Sahara filed its RHP under the provisions of the Companies Act with the Ministry of Corporate Affairs, which was duly registered and approved by them for raising money for Real Estate Business on the same basis as was done in 2002 for an earlier issue of Sahara.  The earlier issue was duly closed and registered with the competent authority in 2008 along with the list of all investors running into millions.

2.                Any country’s system will collapse if after getting clear, clean permissions from country’s competent Government’s Regulator, the company is so severally punished.  Meaning, lawful bona-fides are severely punished with retrospective effect.

3.                Here we want to inform all our Hon’ble Depositors and investors that you need not worry about anything and be at absolute peace since as Sahara the most dutiful and absolute honest custodians of your money and by the grace of God, we are so healthy with all-round strength that there cannot be even one day delay in any payment commitment of Sahara.

4.                In the last 33 years there is not a single complaint of non-payment, whereas we have paid around Rs.1,40,000 crores maturity/redemption and against the enrollment of around 12 crores investors.

5.                People cannot accept Sahara’s super-fast growth. All along we have been getting beatings and beatings from all authorities, whereas we should be appreciated.

6.                All along for the past 7-8 years we have felt and faced the   onslaught of various authorities since they concluded whimsically without any verification that the deposits, investments we have received from the public are fictitious and bogus as they feel the money with us is ill-gotten, from politicians etc.

7.                Firstly, Income Tax Department held on to our refund for decades to the tune of around 2000 crores, but ultimately it was truth that prevailed, they verified and verified and ultimately they had to pay us back the entire amount in the year 2011.

8.                Reserve Bank of India, in 2008, killed our Financial Inclusion based RNBC activities and gave us 7 years’ time to repay our depositors, which we cleared in just 4 years.

9.                Of course we shall never blame the Respected Judges of Hon’ble Courts of our beloved country.  However, it is the fault of the machinery which presents the facts incorrectly and in such a manner so as to create a false and negative perception so as to convince the Hon’ble Courts that Sahara has collected unbelievably large sums of money from public which are actually ill gotten and fictitious.

10.           AND THE FACT IS THAT THERE IS NOT A SINGLE BENAMI MONEY AND THIS STATEMENT IS SAHARA’S CHALLENGE TO ALL AUTHORITIES OF OUR COUNTRY.

Further we claim with challenge that each and every rupee we have accepted in last 33 years is always against receipt from the company and with an application form duly signed by the Hon’ble depositors/investors.  Every rupee which has come to Sahara can be verified by the authenticity of the depositors/investors.  WE INVITE THE CONCERNED AUTHORITIES OF THIS COUNTRY TO COME AND VERIFY.

11.           FURTHER CHALLENGE OF SAHARA TO ENTIRE AUTHORITY OF THE COUNTRY TO COME AND VERIFY OUR CLAIM THAT SAHARA HAS NOT DONE ANYTHING EVER AGAINST THE LAW OR SPIRIT OF LAW, SAHARA HAS NOT DONE ONE RUPEE BLACK MONEY BUSINESS, NOT EVER GONE TO ANY AUTHORITY FOR UNDUE FAVOUR (whether through licensing or beneficial quotas) FOR EVEN ONE RUPEE EARNING WE ONLY BELIEVE IN HARD WORK WITH ABSOLUTE HONESTY AND DEDICATION.

12.           Even we would like to mention that all along MCA, RoCs and Sahara were lawfully (as per the Company’s Act) absolutely right, everyone’s problem is why and how can Sahara raise so much of funds from public. Irresponsible people only conclude that this is all ill-gotten money and from the politicians, whereas probably 90% of our depositors, investors are those very small investors, who never go to banks and banks too never reach them.

13.           We should rather always get a pat on our backs for such good social work.  Had our committed Ten lakh workers not gone to those small depositors they would have spent those monies in alcohol or gambling etc., we are saving their monies and bringing them to the nation’s mainstream and thus helping those poor people for their better future out of forced savings.

14.           The saddest part is sitting on the chair in air conditioned offices, they imagine and allege and never bother for any sort of verification.

15.           If we continue to write about THE INJUSTICE WE HAVE FACED FROM SO FAULTY A SYSTEM OF OUR COUNTRY probably huge space will be required.  Let us not go for those, but we should write here that for the future interest of our country these totally unjustified tortures are responsible for India’s corporates (Big, medium or small) continuously developing business outside the country and good brain run away from the country.  Of course, we at Sahara, we are not escapists.  We shall fight against the system and grow in our beloved country for the growth of our country.

Through our expansion programs in next 2 to 3 years we shall provide permanent salaried employment of around 3 lakhs people apart from around 5 lakhs new introduction of field workers.  Meaning Sahara shall be providing livelihood to around 18 Lac families.

We Stand Committed

Sahara India Pariwar

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Azaadi from Adulteration

We are very happy that emotionally we are pioneering the best quality Consumer Merchandise products at most competitive prices, right quantities that will be delivered to the doorstep of our esteemed customers

Our Surveys and Research as well as those of different agencies tell us about the dangerous situation of adulteration.

Adulteration is in almost everything

Adulterators Use Dangerous Adulterants Like * Argemone * Lead Chromate * Tricresyl phosphate * Lathyrus * Non-permitted colours * Urea and other adulterants like :            * Fine Pebbles * Mud * Hay * Inedible Talcum Powder for Polishing * Inedible Oils Like Mobil Oil and Rancid Oil * Detergent * Oxytocin Hormone Injections * Melamine * Lead * Cow dung * Sawdust * Chalk * Brick Dust Powder and Other Bad Powders * Sand             * Excess Sulphur and such other Dangerous items to adulterate a whole range of Staples, processed Food, Berverages, Personal Care Products, etc.

The Effects of Adulteration

Due to the presence of adulterants, you could suffer from many diseases and disorders, a few of which are listed here : * Stomach disorder * Impaired Digestion           * Acute Irritation of the Gastro – Intestinal Tracts * Anaemia * Liver/other Organ Damage & Cancer * Ergotism (St. Anthony’s Fire Burning Sensation in Extremities, Itching of Skin, Peripheral Gangrene) * Alimentary Toxic Aleukia (ATA) * Lathyrism         * Glaucoma * Cardiac Arrest * Argemone Oil Depletes Vitamin A and E * Increase in Serum Cholesterol, etc. * Food Poisoning * Iron Filings May Damage Alimentary Canals * Lead Poisoning * Mental Retardation * Brain Damage, etc.

Sahara launches its mega Quality Consumer Merchandise Retail Business under the brand name of ‘Sahara Q Shop’

Our aim behind this launch of pure and best products is to gradually kill Adulteration in India.

‘Sahara Q Shop’ provides a comprehensive range of products under 73 different categories with 800 SKUs in Staples, Processed Foods, Personal Care Products, Home Care Products, General Merchandise and Lifestyle Products at most competitive prices.

Providing new salaried permanent job to 1,43,000 people gradually within 18 months.

Quality is a fundamental value offered at ‘Sahara Q Shop’. It has adopted an integrated approach towards the same by setting up a ‘Sahara Quality Management System’ (SQMS) comprising ‘Quality Control’ and ‘Quality Assurance’ Departments.

End to End Quality Control – from Raw material procurement to manufacturing, packaging to delivery at the doorstep of the esteemed customer.

Total Quality Value Chain

·         50 Quality experts and associates

·         150 Quality Control Executives

·         30 Quality Assurance Managers

·         500 Quality Advisors

·         7 Quality Labs – Lucknow, Delhi (NCR), Mumbai, Patna, Kolkata, Hyderabad, Nagpur

·         Quality Control Team – Online Product check during Production

·         Quality Assurance Team – Secondary Layer to check adherence to Quality protocols System

·         Quality Advisory Board- Of known scientists and food technologists

Random check by International Testing and Certifying Agencies

-          Distribution through 305 state of the art warehouses in 285 towns & cities constituting 1 crore Sq. Ft.

-          Sales network of 600,000 trained sales personnel supported by 3000 call center executives

-          Products formulated after extensive primary research on 88,000 family covering 4.5 lac consumers  from  400 Indian cities & towns

-          Primary survey on 45,000 grocery stores across 1000 towns for customer spent preferences

-          Secondary Sampling on selected 10,000 consumers and live simulation test in 15 cities

-          On the occasion of the launch of Sahara Q Shop, ‘Saharasri’ Subrata Roy Sahara, Managing Worker & Chairman, Sahara India Pariwar, said, “I always believe that as a citizen of a great nation, we deserve the best quality living, be it where we live, how we live or what we consume. The rampant adulteration, dishonest practices of compromising quality, under-weighing, etc., are the menaces that are plaguing the prospects of a bright and healthy society and are also depriving the rights of people to live quality life. Sahara India Pariwar has always accorded priority to qualitative aspect of life. Our newest Quality Consumer merchandise retail venture is one such giant step which we have undertaken to curb the menace of prevalent adulteration practices in the market and provide the society with 100% unadulterated and best quality products at most competitive market prices.”

-          According to Chief Executive Officer – Sahara Q Shop, Shri Romie Dutt, “The Sahara Q Shop launch today is a record in itself. Launching such a huge repertoire on a single day is unprecedented. This has been achieved without compromising our fundamental value of quality. With the launch of Sahara Q Shop quality will be reaching the doors of every Indian at most competitive prices.” Mr. Dutt further added, “Each product of Sahara Q Shop is put through stringent quality tests and standards, be it vendor selection, sourcing, manufacturing or packaging, thereby completing the Q value chain.”

-          First Phase Launch – 15^th August in 60 Towns and cities in 5 states – Uttar Pradesh, Uttrakhand, Rajasthan, Bihar and Jharkhand

-          Pan India plan to launch at 998 towns & Cities by March 2013

For pictures of the press conference, click the following link to download:

www.saharalive.in/qshop

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‘Saharasri’ Subrata Roy Sahara gives a motivational session to the Indian Contingent at the Olympics Games Village, London

Lucknow, July 27, 2012: ‘Saharasri’ Subrata Roy Sahara, Managing Worker & Chairman of Sahara India Pariwar, a major business conglomerate and prime promoter & patron of sports in India, was invited by the Indian Contingent’s Committee at Olympics Games Village at Olympic Park, London, prior to the start of the one of the world’s biggest sports extravaganza, to motivate the Indian sportspersons. He met the Indian sportspersons of various disciplines including boxing, wrestling, shooting, archery, hockey, tennis, etc. and gave a motivational session conveyed his heartiest wishes to the Indian sportsperson in a form of a short speech to motivate them to perform their best. The contingent was also shown a motivational film produced by Sahara India Pariwar. The CDs of the motivational film were also given to all the Indian sportspersons in the Olympics Games Village.

‘Saharasri’ Subrata Roy Sahara, Managing Worker & Chairman, Sahara India Pariwar, said, “Apart from being a celebration of sports, Olympics is also a battle. With the mood of celebration, enthusiasm and zeal, one should participate in this battle. The scope of winning in this battle emanates from the fact when one puts its life’s best performance without any pressure of winning medals. What I have experienced in my life is that one should leave the fruits of success to the Almighty and one should also remember that the Almighty blesses only those people who deliver their best. Hence, you should perform your best.” In the end he said, “Being an elder to you, I convey my Aashirwaad to all of you for success.”

Besides, Sahara had earlier announced that it will award 5 kg medal of pure gold to the Indian sportsmen winning gold medals, 3 kg medal of pure gold to silver medalists and 2 Kg medal of pure gold to the bronze medalists, each, in the London Olympics 2012. For the team sports, each player of team winning gold medal will get 1 kg gold each, players of team winning silver medal will get 600 grams of gold each and players of team winning bronze medal will get 400 grams of gold each.

Sahara India Pariwar has adopted Indian Boxing, Wrestling, Archery, Shooting, Track & Field and Tennis covering support of a total of 101 sportsmen in these 6 games who are potential medal winners, until after London Olympics 2012. For the upcoming London Olympics 2012, a total of 32 Indian Sportsmen that are supported by Sahara India Pariwar, belonging to various sports disciplines, have qualified for the London Olympics 2012. Out of these qualified 32 sportspersons, 5 belong to Wrestling, 8 are from Boxing, 11 from Shooting, 6 from Archery, 1 belong to Athletics and 1 from Tennis.

The sponsor of Indian Cricket and Hockey (Men & Women National and Junior Hockey Teams), Sahara Group under its company, Sahara Adventure Sports Limited, owns the Pune IPL team and co-owns the Sahara Force India Formula 1 Team. Apart from this, it has extended support to the Indian Volleyball by sponsoring the Men’s National Teams (Senior & Junior) for a span of 4 years till 2016.

ABOUT SAHARA INDIA PARIWAR

Sahara India Pariwar is a major business conglomerate in India with operations in multiple sectors, including financial services, life insurance, mutual funds, housing finance,  infrastructure & housing, print and television news media, entertainment channels, cinema production, consumer merchandise retail, healthcare, hospitality, manufacturing, sports, and information technology.

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Sahara announces medals of pure gold of 5 kg, 3kg and 2kg to every Indian winning gold, silver and bronze medal respectively in the London Olympics 2012

Lucknow, July 26, 2012: Sahara India Pariwar, a major business conglomerate and the prime promoter & patron of sports in India, today announced to award the Indian sportspersons winning medals in the forthcoming London Olympics. Sahara will be awarding a big 5 kg medal of pure gold to the Indian sportsmen winning gold medals, 3 kg medal of pure gold to silver medalists and 2 Kg medal of pure gold to the bronze medalists, each, in the London Olympics 2012. For the team sports the 5 kg of gold will be equally distributed amongst all the members of the team winning gold medal, 3 kg of gold amongst the members of the team winning silver medal and 2 kg of gold amongst the members of the team winning bronze medal, in the shape of medals.

‘Saharasri’ Subrata Roy Sahara, Managing Worker & Chairman, Sahara India Pariwar, said, "I strongly believe that there can hardly be any appreciation which can equate the undaunted efforts put in by the players who emerge victorious in the prestigious Olympics and bring the much coveted honour to our motherland. This reward is a small token of appreciation from us to the sportsmen to achieve great success and bring laurels to our beloved nation by procuring such highly acclaimed international distinctions”.

The sponsor of Indian Cricket and Hockey (Men & Women National and Junior Hockey Teams), owner of IPL Cricket team and Sahara Force India Formula 1 Team, Sahara India Pariwar, has adopted Indian Boxing, Wrestling, Archery, Shooting, Track & Field and Tennis covering support of a total of 101 sportsmen in these 6 games who are potential medal winners, until after London Olympics 2012. Apart from this, it has also extended support to the Indian Volleyball by sponsoring the Men’s National Teams (Senior & Junior) for a span of 4 years till 2016.

ABOUT SAHARA INDIA PARIWAR

Sahara India Pariwar is a major business conglomerate in India with operations in multiple sectors, including financial services, life insurance, mutual funds, housing finance,  infrastructure & housing, print and television news media, entertainment channels, cinema production, consumer merchandise retail, healthcare, hospitality, manufacturing, sports, and information technology.

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Sahara India Pariwar announces the picking up of Lucknow Franchisee of the soon to be launched “Hockey India League”

Lucknow, July 23, 2012: Sahara India Pariwar, a major business conglomerate and the prime promoter & patron of sports in India, has created another milestone today by announcing to become one of the prime franchisee of the ‘Hockey India League’ (HIL), which is to be started by Hockey India. The Hockey India League (HIL) will initially comprise of 6 teams which will play amongst each other (both home and away matches). Sahara India Pariwar, the Lucknow based business conglomerate, will be the owner of the Lucknow franchise. Moreover, by taking up this franchisee, Sahara India Pariwar intends to encourage young talents of this great game of skill and energy, thereby giving them a platform to nurture their skills under the supervision of talented sportsmen.

Speaking on the occasion, ‘Saharasri’ Subrata Roy Sahara, Managing Worker & Chairman, Sahara India Pariwar, said “We are proud to associate ourselves with this great game, which has created legends in the past. By taking up this franchise we are sure that fresh talent will be identified at city and regional level, who in turn will bring laurels to our beloved nation. We are also hopeful, that following our efforts to encourage Hockey, other corporate entities will also come forward to support this league which will eventually benefit the game and its exponents”. 

Mr. Narendra Batra, Secretary General, Hockey India, said, “I am grateful to ‘Saharasri’ and Sahara India Pariwar, for again coming forward in support of Hockey. The Group has always come forward and supported the sport of hockey at all times by providing it the much needed support.”

Apart from being sponsor to the Indian Hockey Team, Sahara India Pariwar had also joined hands with Federation Internationale De Hockey (FIH) in 2004, the World’s apex Body for Hockey, and became the 4th Global Partner of the Federation for a period of 3 years. Sahara India Pariwar has felicitated the entire Indian Hockey Team, including both the players and the officials, on numerous occasions when Indian team has registered historic wins including the recent FIH Olympic Qualifiers. 

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Sahara Infrastructure and housing expands its business by introducing 10 lifestyle township projects

Sahara India Pariwar is among the top business conglomerate in the India. The company has diverse interests and that includes Real estate, Life Insurance, Financial Services, consumer products, Mutual Funds, Housing Finance, Tourism, Media & Entertainment, Hospitality, Infrastructure and housing and more. Sahara Infrastructure and Housing, the real estate entity of Sahara India Pariwar has recently introduced 10 lifestyle township projects. Out of these 10 residential project, 9 will be of self sufficient integrated townships under the brand name of Sahara City Homes and the rest one will be under the brand name of Sahara Grace.
These 9 Sahara City Homes integrated townships are coming up in the cities of Aurangabad, Pune, Gwalior, Jodhpur, Porbandar, Kashipur, Solapur, Bareilly, Katni, Kashipur and the other residential project, Sahara Grace is coming up in Bhubaneshwar.

The announcement of this township project was marked by the flag off of 10 cities by Subrata Roy Sahara, Managing worker and Chairman of Sahara India Pariwar in grand ceremony “Shubh Aagaman” at Lucknow. The ceremony was followed by simultaneous Bhoomipujans and Shubh Aagaman at all sites of this project.
On this wonderful day, Subrata Roy Sahara introduced another 58 project within financial year 2012 – 13 in different parts of India. Out of these 58 projects, 21 will be township projects and 37 will be a part of low cost housing segment. By the launch of these projects, Sahara India Pariwar will enter the budget housing segment under a new brand name. The residential unit of the Sahara affordable housing would cost around Rs. 5 -15 lacs, across 350+ cities of India.

The aim behind the launch of these projects is to provide a world’s best lifestyle to the citizens of India. According to Subrata Roy Sahara, the increasing level of population and lack of adequate up gradation of support infrastructure has affected the lifestyle of people in India badly and by introducing this residential project, he aims to improve the standard. He assured that these 10 township projects along with the 8 ongoing projects and forthcoming 58 projects will be the jewels of quality lifestyle.

Sahara India Pariwar aims to offer quality lifestyle to people across the board cover not just Tier I cities but also Tier II, III and even small towns. Though the company has witnessed many problems and challenges in its endeavor, however it has proved at all steps that its aim is undeterred.

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