Sahara India Pariwar is an Indian conglomerate headquartered in Lucknow. The group operates business sectors like finance, infrastructure & housing, media & entertainment, health care, education, hospitality and information technology. In 2004, Sahara group was termed by the Time magazine as ‘the second largest employer in India’ after the Indian Railways.
About Sahara India Pariwar in brief
Sahara India Pariwar is an Indian conglomerate headquartered in Lucknow, India. The group operates business sectors like finance, infrastructure & housing, media & entertainment, health care, education, hospitality and information technology. In 2004, Sahara group was termed by the Time magazine as ‘the second largest employer in India’ after the Indian Railways. Sahara owns several professional sports teams in India in a variety of sports. It was also the sponsor of the Bangladesh Cricket Team from 2012 to 2015. It owns the national Hindi news channel Samay and 36 city-specific regional news channels Sahara Samay. It also owns Sahara One, a general entertainment channel; Filmy, a Hindi movie channel; and Firangi, an entertainment channel. In September 2010, the company was in talks to acquire MGM Studios, but the deal collapsed. Sahara is willing to try again to take over MGM. Sahara owned a controlling stake in New York City’s Plaza Hotel and Dream Downtown Hotel, New York. It sold the hotel to Katara Hospitality in July 2018. Sahara India announced the opening of its retail FMCG business named ‘Q shop’ with an initial investment of Rs. 30 billion. The company has its projects spread in Pune city, Kanpur, Lucknow,.
Gorakhpur, Hyderabad, Bhopal, Kochi, Coimbatore and Gurugram. Sahara has a collaboration with Turner Construction, an American building company, in some of its projects. Sahara also announced hiring 600,000 sales personnel and 3000 customer care executives. Sahara India Life Insurance Company Ltd. manages 16 equity and debt mutual funds. Sahara Banking & Financial Services Fund has been adjudged the Best Performing Banking Sector Fund over a three-year performance by the international agency \”Lippers\” in 2012. Sahara’s Sahara Q Shop entered into the Guinness World Records when it opened into 10 states of India, just at one time on April 1, 2013. Under the name ‘Sahara Next’, the company offers consulting services in banking, finance, information technology, chemicals and CRM. It is also planning to foray into online education, which is targeted at small towns and villages. It has a stake in the Indian Premier League cricket team, Pune Warriors India, a franchise cricket team that played in theIndian Premier League. In India, the group owns the \”Sahara Star\” hotel near Mumbai’s Chhatrapati Shivaji International Airport. The group said it would set up 305 warehouses in 285 cities and cities in a phased manner.
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