Subrata Roy, the founder and chairperson of the Sahara India Pariwar, died at the age of 75 in Mumbai on Tuesday after a prolonged illness. Roy suffered a cardiorespiratory arrest at Kokilaben Dhirubhai Ambani Hospital & Medical Research Institute in Mumbai. The announcement of his death was made through a statement by the Sahara Group, expressing profound sadness at the loss of an "inspirational leader and visionary." His death marks the end of an era for the Indian business landscape, where he was known for his vast empire that spanned various sectors including finance, media, entertainment, and real estate.

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