Subrata Roy, the founder of Sahara India Group, passed away on Tuesday due to cardiorespiratory arrest, said the business group in a statement. He was 75 years old. "It is with profound sadness that Sahara India Pariwar informs the demise of our Hon'ble 'Saharasri' Subrata Roy Sahara, Managing Worker and Chairman, Sahara India Pariwar," read the statement issued by Sahara India Pariwar.

The statement said that Subrata Roy was admitted to Kokilaben Dhirubhai Ambani Hospital & Medical Research Institute (KDAH) on 12th November this year following a decline in health and he was battling with various health complications.