In the wake of JNU incident, The
Nationalism & Freedom of speech debate has been tossed around a lot. Sahara
Chief Subrata Roy accurately points out the chinks in the armour of the
debate, giving the issue a realistic reflection.
The Subrata Roy case: What’s happening to the billionaire who couldn’t get away?
The
nationwide bust up over how a certain liquor baron made bankers kiss dirt,
walking away with bagful of cash through a VIP channel, possibly to an
undisclosed city in Europe, is making headlines and triggering breaking news
almost every day now.
But questions need to be raised about the curious case of
billionaire Subrata Roy who paid loads of cash to the market regulator
and last week completed two years behind bars in Delhi's maximum security
prison.
Roy, who recently wrote a tome on his life experiences, is now
called a philosophical author by many .
Jokes apart, someone seriously needs to scrutinise the case
again, especially at the way the Securities and Exchange Board of India (SEBI)
handled it and the way Sahara group demonstrated considerable resilience.
A few days ago, a handful of Sahara employees protested the delay in payment of
salaries; they were in their undergarments. The idea was to be visible
on television.
But what's happening in the case?
On 31 August, 2012, the apex court had asked SEBI to return
money to Sahara's investors. In the last 40 months, it has been able to pay Rs
50 crores. The Mumbai-based market regulator advertised four times in as many
as 144 newspapers, inviting demands for repayment. Worse, the fourth
advertisement said it was the last opportunity for raising demand for
repayment.
Does that mean that - under any circumstances - SEBI
won't be able to pay over Rs 100 crores? And what has it got in its kitty?
It has received a whopping Rs 12,000 crores and even earned interests on FDs.
Also, SEBI has the property papers of Sahara's land bank worth Rs 40,000 crore
in its custody. There are chances it will have another Rs 5,800 crore ( Rs 800
crore cash and Rs 5,000 crore bank guarantee) by the time Roy and his two
directors walk out of the prison gates. Sahara, which sought time for raising
the stipulated cash from its assets for SEBI, was given a 45-day extension that
ended in November 2015. The group claimed it had five "solid offers"
for its properties.
The slugfest between the market regulator and Sahara has been
described as corporate India's best known samudra manthan.
SEBI disputes Sahara's claim that it has paid 95 per cent of its investors from
whom it had collected Rs 24,000 crores through optionally fully convertible
debentures (OFCD) in 2009-10, after the written permission from 2 Registrars of
Companies. The Supreme Court however, upheld SEBI's plea and directed that
Saharas' investors have to be refunded the money along with interest through
SEBI.
The billion dollar question that needs to be raised is when will
SEBI verify the authenticity of these investors? If four advertisements have
failed, doesn't it become obligatory for SEBI to verify Sahara's repayment
claim? After all, the Supreme Court says the the final decision on the issue of
unpaid investors lies with SEBI. The market regulator, which said in January
2013 that it wanted to hire a verification agency, has reportedly failed to
organise one. So who will help ascertain the genuineness of bondholders in the
Sahara case.
Look at the way the events have progressed. SEBI has not given
any reason for withholding its notice inviting the tenders. The first tender to
seek a verification agency was floated on 2 November, 2012. SEBI asking for
applications by 22 November, 2012. It did not happen and so the deadline was
extended to 21 December, 2012, and again extended till 15 January, 2013. After
the expiry of this last deadline, SEBI decided to withhold the tender notice.
It is now March 2016. Someone must ask questions, either in
court or on televised debates. Otherwise, the billionaire, will have no
option but to write the second sequel of his planned trilogy.
Life Mantras - The voice of Saharashri Subrata Roy
With a background as strong as
his you can be sure of the fact that whatever Subrata Roy has to say it will be
worthwhile and a good read. He is the brain as well as vision behind the great
Sahara Empire and was also responsible for driving it to its landmark
achievements. What’s more he successfully managed over 12 lakh employees! Managing
such a large number of employees is no joke, it sure takes a certain amount of
wisdom, skill, and discernment to work in the skill-set and motivations of so
many employees and incorporate it into the growth and progress of building
Sahara. In his book Life Mantras, Saharashri Subrata Roy talks about what
experiences in life have taught him. His book is part of a trilogy and covers a
wide variety of topics, which are segmented clearly for the easy understanding
of the reader. Apart from the contents of the book is the fact that the author
completed this book while in still in jail. For most people, getting involved
in a trail and custody would not be digested positively but here is an
individual who chose to turn the situation around and look at the silver lining
in cloud – he took to completing a book that he started writing much earlier.
Only a self-made man can credibly
talk of the power of depending on yourself to make accomplish and fulfil his
ambitions. He talks of how one must not depend on others to help one to achieve
something or become something in life, this in a nutshell can be called as
being ‘made of substance’. Many an entrepreneur/ businessman could draw
strength from this brutally true yet motivational line. Subrata Roy also talks
of the three jewels of life that make it more fulfilling and make the most of
it. Life Mantras just like its name suggests is a mantra of things that one
should take into account to make the most of this gift called life.
Subrata Roy reveals the secret to success
Some men succeed by what they
know, some by what they do, and a few by what they are. Life Mantras is a success
story written by one of the most successful man in India, Subrata Roy. They say
that a successful man is the one who lays a firm foundation with the bricks
that others have thrown at him. With great struggle and constant hard work
Saharasri laid the foundation of the Sahara India Pariwar and has ever since
been the guardian to his over 1.2 million fellow employees. He has always been
a profound thinker, a mentor, and a guide to his subjects.
Life Mantras has become the talk
of the town. Everybody wants to be successful, and knowing what it takes to
reach that point where the air is crisp has become a necessity for people who
strive hard to achieve success. Subrata Roy has written his lifetime
experiences, observations and insights on the daily issues of people at altered
corporate establishments of the conglomerate across India and also abroad. He
further elaborates the details and various psychological and emotional aspects
of life. He tells about the basic instincts that inherent in human beings as a
gift of life, and how to respect it and grow more.
Along with the success story he
you will also realize of what it takes to attain peace, true happiness,
contentment, and continuous progress in life in terms of material gains,
respect and love. The key is in your hand. Because only you can write your own
success story.
Saharasri says to look within!
With
his latest book ‘Life Mantras’, Subrata Roy Sahara, billionaire, business
tycoon and philanthropist adds another feather to his cap by turning Author
& Philosopher.
‘Life
Mantras’ is the first of the trilogy 'Thoughts from
Tihar'. The other two books in the trilogy are 'Think with Me' and 'Reflections
from Tihar’.
In this book, Saharasri talks about
finding true happiness and contentment within oneself and not with the World.
In today’s
fast-moving world, where we don’t have time to stop and think, there is so much
negativity around us. The lack of positivity gives rise to emotions like anger,
jealousy and insecurity. With this book, Saharasri talks about ways of dealing
with these obstacles using love, respect, knowledge, hard work, motivation and
so on. Anybody can live a peaceful, happy and contented life even by slightly
changing one’s attitude, slightly shifting one’s priorities and by making a few
behavioural adaptations.
To quote the author, “After having gone through
the book, you will definitely and convincingly realize that to achieve peace,
true happiness, contentment, satisfaction and also to attain continuous
progress in life in terms of material gains, respect and love, you need not
depend on anybody in this world. It all depends on you. It is all in your
hands.”
In his book, ‘Life Mantras’, the author goes on to explain that to
make life truly beautiful, one also needs to understand the basic truths with
which we are born with. As we make sense of these basic truths, we will slowly
find a change, a sense of fulfilment, a self-motivation coming within us. And
thus lead us to the ultimate realization that the journey of life is a blissful
and an enlightening experience.
In 1978, Saharasri laid the foundation of Sahara India Pariwar with a
mere capital of Rs.2000 (about
$32) and three workers. Today, thirty-eight years later, the company’s net
worth is a whopping Rs.1,80,000
crores (about $27 billion)! It takes a pioneer to have such Vision!
Be it his philosophy of
‘Collective Materialism’ which means continuous collective growth for
collective sharing and caring or his disciplined and focused way of living,
Saharasri has been an inspiration to every budding entrepreneur in the country
along with being a teacher, guide and proud guardian to his over 1.2 million fellow workers.
Here is hoping that with his book ‘Life Mantras’ this Pioneer and
Visionary inspires the world with his Pearls of wisdom just like he always has!
Saharasri, Business tycoon, Philanthropist and now a Writer
Subrata Roy Sahara, founder and chairman of the Sahara group,
popularly known as 'Saharasri' will be releasing his book ‘Life Mantras’, the
first of the trilogy 'Thoughts from Tihar' nationwide today.
Saharasri has been serving his sentence in New Delhi’s Tihar jail
since March 2014. Despite finding himself in legal tangles he doesn’t seem to
be bogged down by the ongoing troubles around him.
He seems to have channelized all his energies into introspecting
and either completing unfinished writing work or writing new thought provoking
books and be headed on the path to enlightenment.
The book “Life Mantras’ talks about the philosophies that
Saharasri himself has followed all throughout his life and various recollections
of precious life experiences from this fierce business tycoon’s life. Be it his
philosophy of Collective Materialism or his belief in hard work, honesty and discipline
that is required to make life beautiful, productive and progressive, the book
has it all.
This book talks about the qualities you need to inculcate in
yourself to ensure that your life is beautiful and about how to face life in
the wake of hardships and hurdles. Through his book, Saharasri talks about ways
of dealing with obstacles on a wide range of issues – love, respect, knowledge,
hard work, inner self, behaviour, health, motivation and so on.
Subrata Roy Sahara, in this book, goes on to explain that to make
life truly beautiful, one also needs to understand the basic truths with which
we are born with. In other words, one needs to be aware of the realities of
life. As one indulges oneself in the potent energy of these ‘Life Mantras’, a
change will be seen visibly, a sense of fufilment, one will be surrounded with
a self-motivating energy. The book talks about how one will be led to the
ultimate realization that the journey of life is indeed a truly blissful and an
enlightening experience. This is
quintessential for anyone seeking peace and success, professionally and personally.
Will Saharasri be able to take the country by storm with this new
beacon on knowledge? Only time will tell.
The inspiration behind Subrata Roy Sahara’s Life Mantras
Life is unpredictable and can often serve to shock you by
upsetting your regular lifestyle. One moment everything is going smoothly and
the next second all is upturned by a sudden storm. And perhaps this sums up the
happenings of Subrata Roy’s life. Also known as Saharasri, he is a man who is
self-made and single-handedly setup the great Sahara empire. The experience of
being roped in a judicial custody and confined to a dingy prison cell can shake
any individual’s foundations, but it is not the case with a strongly rooted
person as Subrata Roy. Instead of focusing on the darkness of the hour, Subrata
has chosen to bring light into this bleak moment of his life and completed the
book he had been writing titled Life
Mantras. In his book, he has highlighted his musings and wisdom that has
stemmed from his experiences. It focuses on a way to acquire three jewels in
life, namely, happiness, contentment, and peace. Any man with these three
jewels of life stands to be rich no matter what the situations in his life look
like. In spite of being separated from loved ones, home, and the good lifestyle
he always enjoyed, Saharasri Subrata chose to remind himself of his beliefs and
morals and pen them down in a book that might help others in getting new
perspective. There are few people who would like to remain positive and
productive even when situations don’t let them do so, and Subrata Roy stands
tall among such people. In spite of the claims charged against him, Subrata Roy
has yet again proved his point by writing a book with a philanthropic
philosophy that can benefit others. Apart from these philosophies, Subrata Roy
has conveyed to his readers that the power to make something of themselves lies
within their own hands. This book is sure to be a brilliant read.