SAT stays SEBI order of winding up Sahara Mutual Fund

PRESS NOTE

SAT stays SEBI order of winding up Sahara Mutual Fund

Sahara gets a major reprieve today when Securities Appellate Tribunal (SAT) stayed SEBI’s 11 April 2018 order directing Sahara Mutual Fund to wind up all schemes except Tax Gain Fund and refund the amount to investor on or before 21st April 2018. Sahara had filed a petition before SAT against the SEBI order on which the stay has been granted. SAT while considering Sahara’s pleas has also directed SEBI to reconsider the application of Onelife Capital Advisors Ltd and to find out their eligibility as a new sponsor by Wednesday 25^th April 2018 while the date of the next hearing is 26^th  April 2018.

Statement from Sahara on SAT Proceedings on IRDA order

PRESS NOTE

SAHARA LIFE INSURANCE SUCCEEDS AGAINST IRDA ORDER

SAT QUASHED IRDA ORDER TRANSFERING BUSINESS

In a significant judgement, Securities Appellate Tribunal, (SAT), today, quashed the order dated July 28, 2017 passed by Insurance Regulatory Development Authority transferring the Life Insurance business of Sahara Life Insurance to an outside insurer, namely – ICICI Prudential Life Insurance Co. Ltd.

SAT while allowing Sahara's appeal, expressed serious concern over the manner Insurance Authority acted in the matter against Sahara Life and considered the said action of Insurance Authority highly fatal and irregular so as to vitiate the very appointment of the Administrator and all his further actions, in the facts and circumstances of the case. SAT opined that the report of the Administrator should have at least been supplied to Sahara Life before passing the impugned order.

Sahara Life Insurance got a major respite and its stand was vindicated by SAT, when it remanded and restored the whole matter to the file of the IRDA with a direction to proceed from the stage of seeking a representation/response from Sahara Life on the Administrator’s report in question as well as providing opportunity of being heard to Sahara Life and its stake holders, in consonance with the principles of natural justice and directing to complete the hearing as per law within three monthsfrom the date of receipt of Sahara ’s reply to the Administrator’s report in question as per law and after giving opportunity of hearing to them.

It was contended by Sahara Life in the said appeal that the Insurance Authority had illegally and with malafide intent transferred its business to an outside insurer, namely – ICICI Prudential Life Insurance Co. Ltd. without affording any opportunity of hearing to it and the Administrator appointed by the Insurance Authority was acting in concert for the benefit of a third party, who recommended the other options but unilaterally recommended for transfer of business.

‘Sahara Milan’ yatra at Ranchi

Saharasri Subrata Roy Sahara, Managing Worker & Chairman, Sahara India Pariwar, during the course of his ‘Sahara Milan’ yatra today at Ranchi to announce the commencement of Sahara India Pariwar's 40th anniversary. More than 20 thousand employees of Sahara India Pariwar, from all over Jharkhand, being addressed by Saharasri Subrata Roy Sahara, in Prabhat Tara Maidan, at Ranchi.

‘Sahara Milan’ yatra at Ahmedabad

Saharasri Subrata Roy Sahara, Managing Worker & Chairman, Sahara India Pariwar, during the course of his ‘Sahara Milan’ yatra today at Ahmedabad to announce the commencement of Sahara India Pariwar's  40th anniversary. More than 5 thousand employees of Sahara India Pariwar, being addressed by Saharasri Subrata Roy Sahara, at GMDC, Gujarat University Convention & Exhibition Centre, Ahmedabad.

‘Sahara Milan’ yatra at Patna

Saharasri Subrata Roy Sahara, Managing Worker & Chairman, Sahara India Pariwar, during the course of his ‘Sahara Milan’ yatra today at Patna to announce the commencement of Sahara India Pariwar's  40th anniversary. More than 5 thousand employees of Sahara India Pariwar, being addressed by Saharasri Subrata Roy Sahara, at Bapu Sabhagar, in Patna.

‘Sahara Milan’ yatra at Muzaffarpur

Saharasri Subrata Roy Sahara, Managing Worker & Chairman, Sahara India Pariwar, during the course of his ‘Sahara Milan’ yatra today at Muzaffarpur to announce the commencement of Sahara India Pariwar's 40th anniversary. More than 15 thousand employees of Sahara India Pariwar, of Samastipur and Muzaffarpur, being addressed by Saharasri Subrata Roy Sahara, at The Icon, in Muzaffarpur.

‘Sahara Milan’ yatra at Gorakhpur

Saharasri Subrata Roy Sahara, Managing Worker & Chairman, Sahara India Pariwar, during the course of his ‘Sahara Milan’ yatra today at Gorakhpur to announce the commencement of Sahara India Pariwar's  40th anniversary. More than 8 thousand employees of Sahara India Pariwar, being addressed by Saharasri Subrata Roy Sahara, at Champa Devi Park, in Gorakhpur.

‘Sahara Milan’ yatra at Lucknow

Saharasri Subrata Roy Sahara, Managing Worker & Chairman, Sahara India Pariwar, during the course of his ‘Sahara Milan’ yatra today at Lucknow to announce the commencement of Sahara India Pariwar's  40th anniversary. More than 8 thousand employees of Sahara India Pariwar, being addressed by Saharasri Subrata Roy Sahara, at Sahara Shaher Auditorium, at Gomti Nagar, Lucknow.

‘Sahara Milan’ yatra at Chandigarh

Saharasri Subrata Roy Sahara, Managing Worker & Chairman, Sahara India Pariwar, during the course of his ‘Sahara Milan’ yatra today at Delhi to announce the commencement of Sahara India Pariwar's  40th anniversary. More than 8 thousand employees of Sahara India Pariwar, from Delhi, Punjab and Himachal Pradesh, being addressed by Saharasri Subrata Roy Sahara, at Indira Gandhi Indoor Stadium, New Delhi.

‘Sahara Milan’ yatra at Allahabad

Saharasri Subrata Roy Sahara, Managing Worker & Chairman, Sahara India Pariwar, during the course of his ‘Sahara Milan’ yatra today at Allahabad to announce the commencement of Sahara India Pariwar's  40th anniversary. More than 8 thousand employees of Sahara India Pariwar, from Allahabad and Varanasi, being addressed by Saharasri Subrata Roy Sahara, at the Samudayik Kendra Chavani Parisad, in Allahabad.

Sahara Milan for Top Shuttlers

Popular shuttlers of India have met with Saharasri Subrata Roy Sahara, Managing Worker & Chairman,
Sahara India Pariwar, today, during the course of Sahara Milan in Hyderabad. From right to left,
Chief National Coach Mr. Pullela Gopichand, Ms. Saina Nehwal, Mr. Kidambi Shrikanth and Mr. Parupalli Kashyap.

World No. 2 shuttler Ms. P V Sindhu has visited with her parents and paid regards to Saharasri Subrata Roy Sahara,
Managing Worker & Chairman, Sahara India Pariwar, today, during the course of Sahara Milan in Hyderabad.

‘Sahara Milan’ yatra at Hyderabad

Saharasri Subrata Roy Sahara, Managing Worker & Chairman, Sahara India Pariwar, during the course of his ‘Sahara Milan’ yatra today at Hyderabad to announce the commencement of Sahara India Pariwar's  40th anniversary.
More than 8 thousand employees of Sahara India Pariwar, being addressed by Saharasri Subrata Roy Sahara,
at Shilpakala Vedhika, Hitech City, Hyderabad.

‘Sahara Milan’ yatra at Tirupati

Saharasri Subrata Roy Sahara, Managing Worker & Chairman, Sahara India Pariwar, during the course of his ‘Sahara Milan’ yatra today at Tirupati to announce the commencement of Sahara India Pariwar's  40th anniversary.
More than 5 thousand employees of Sahara India Pariwar, being addressed by Saharasri Subrata Roy Sahara,
at PLR Convention Centre, Tirupati.

‘Sahara Milan’ yatra at Kolkata

Saharasri Subrata Roy Sahara, Managing Worker & Chairman, Sahara India Pariwar, during the course of his ‘Sahara Milan’ yatra today at Kolkata to announce the commencement of Sahara India Pariwar's  40th anniversary. More than 5 thousand employees of Sahara India Pariwar, being addressed by Saharasri Subrata Roy Sahara, at Eco Park, Kolkata.

Sahara Pariwar Celebrates 18th Kargil Vijay Diwas

Health Care Services by Sahara

National Holiday Celebration - Sahara

Abhijit Sarkar bestowed with prestigious Chanakya Juries Special Award for ‘Crisis and Corporate Communications Professional’ during the 11th PRCI Global Communication Conclave

Lucknow, March 06, 2017: Mr. Abhijit Sarkar, Head - Corporate Communications, Corporate Relations & Sports, Sahara India Pariwar, Director - Sahara Force India and Guardian – Sahara Media, has been confered with the prestigious Chanakya Award for National achievers for the year 2017 as a Chanakya Juries Special Award for Crisis Communications by the Public Relations Council of India (PRCI) in the 11th Global Communication Conclave. In a grand ceremony, Mr. H. Anjaneya, Co-operation and Social Welfare Minister, Government of Karnataka conferred the award to Mr. Sarkar in Bengaluru. Also, among the annual Corporate Collateral Awards 2017, ‘Think With Me Summit’ 16’ Summit organized by Sahara News Network has been awarded with best Corporate Event of the year.

PRCI felicitated Mr. Sarkar, who is also the most visible face of Corporate Communications profession in India, with the ace Chanakya Award for his effective steering of communications during Sahara-SEBI Issue. His innovative communication solutions not only engaged more than 9 crore investors but also reinstated their faith and belief with the Sahara Group. Timely, smooth and targeted communications, which brings out and forwards Sahara’s side direct to stakeholders, was his and his team’s primary objective.

Mr. Sarkar was also presented the trophy and certificate of the best Corporate Event of the year bestowed to Think With Me Summit. Sahara News Network’s ‘Think With Me’ - Towards Ideal Country…Greater India, Summit – 2016 organized at Lucknow.  In December 2016 the ‘Think With Me’ Summit was created a platform for people to think about our country, its issues and discuss how to make our country ideal and greater. The Summit culminated with the unveiling of Saharasri Subrata Roy Sahara’s book ‘Think With Me’, on his in-depth observations on making country greater again. The Summit and the unveiling of the book was attended by eminent personalities and galaxy of stars from across the nation.

Mr. Abhijit Sarkar has been appointed recently as Vice President of the Asian Hockey Federation (AHF) and the Chairman of the AHF Commercial and TV Committee. For his contribution to Corporate Communication in general and Public Relations in specific, he had been awarded with the ‘Most Dynamic Corporate Communications Professional of the Year’ in the Powerbrands Hall of Fame Awards, held in London in 2011, with Indy’s Excellence Award 2008 in the field of Corporate Communications, Crises Management & PR, ‘Communicator of the Year” Award, 2011 by IPRCCA, as well as ‘Chanakya Corporate Communications Professional of the Year’ by Public Relations Council of India.

Under Mr. Sarkar’s leadership department of Corporate Communications has been conferred with many awards for its innovative and trend setting communications activities. Some of them are  ‘Public Service Campaign Award’ (2011), ‘Corporate Event of the Year’ Gold Award (2012), ‘Best Corporate Event’ (2011), Best ‘Corporate Publication’ (2011), ‘Most Meaningful Event (2008), ‘Corporate Brochure of the year’ (2006), Indy’s Award ‘Best In-House Magazine’ (2009).

About Mr. Abhijit Sarkar

Mr. Abhijit Sarkar, Head - Corporate Communications, Corporate Relations & Sports, Sahara India Pariwar, Director - Sahara Force India and Guardian – Sahara Media. He is also Vice President of the Asian Hockey Federation (AHF) and the Chairman of the AHF Commercial and TV Committee.

Mr. Sarkar started his career from print journalism. This was followed by a successful stint as a TV news host and then he got selected for the core team of Mr. Subrata Roy Sahara, Managing Worker & Chairman, Sahara India Pariwar. Considering his sharp understanding of the nuances of media, he was given the task of establishing the Corporate Communications department for Sahara India Pariwar.  With his fresh ideas and strategic communication planning, he expanded the possibilities and scope of work of the Corporate Communications department, beyond regular corporate communications related solutions. He included Marcom, Brand Management, Sports Management, and events management solutions in its portfolio, which also made a complementing combination of these fields giving strength to each other. The mélange of services of the Corporate Communications department are provided to wide ranging businesses of Sahara group which includes financial services, housing finance, mutual funds, life insurance, city development, real estate activities, print and television media, film production, sports, information technology, health care, tourism, hospitality and consumer products.

 Mr. Sarkar’s contribution was not only restricted to the development of his department but was also instrumental in expanding the possibility of the corporate communications profession at large into every aspect of business. He has re-scripted many rules of the industry, especially in the fields of media planning, public relations, sports management, new media, e-communications, internal communications, events management and crisis communications. His ideation and strategic communication of handling his vision of evolving corporate communications into a strategic planning unit and developing it as one of the core components of the organization have established a landmark in the field of communications.

Mr. Sarkar has been instrumental in developing and executing various well acclaimed international and national events like Sahara India Sports Awards, Cricket Cup series, film festivals, Music awards, etc. As an executive producer of one of the largest musical stage shows originated from India namely ‘Bharati’, he took pride for Sahara Group and the Nation, to take the show to international level by conceptualizing and organizing impressive performances in foreign countries.

For his contribution to Corporate Communication in general and Public Relations in specific, he has been awarded with the ‘Most Dynamic Corporate Communications Professional of the Year’ in the Powerbrands Hall of Fame Awards, held in London in 2011. He has also been conferred with Indy’s Excellence Award 2008 in the field of Corporate Communications, Crises Management and PR and ‘Communicator of the Year” Award, 2011 by IPRCCA, ‘Chanakya Corporate Communications Professional of the Year’ by Public Relations Council of India.

In his long career, various Public Relations, Issue and Crisis Management exercises handled by him are today case studies for Public Relations professionals. Mr. Sarkar’s astute understanding of the nuances of the business and his experience as a core member of the Chairman’s team provides him with an ability to look into communication with broader perspective and giving new dimensions to it. This experience can also be seen in the Public Affairs activities on which he has considerable influence. To utilize his experience and understanding of media he has also been appointed an advisor for the Media business of Sahara India Pariwar.

He has also played a pivotal role in Sahara’s association with sportsmen, celebrities, and with other sports like Hockey, Boxing, Wrestling, Archery, Shooting, Football, Golf, Polo, etc. He has made key contributions in cementing Sahara’s inseparable association with Cricket, for the past fifteen years, whether it is the Sahara Cup in Canada, Sponsorship of the Indian Cricket Team or the Sahara IPL team. 

Considering his vast experience and expertise in the area of communications and media management, he has been appointed as a Convener – Publicity & Media Sub Committee of the XIX Commonwealth Games, 2010. He is Co-Chairman of FICCI Sports Committee for the past three years and also a member of the prestigious Sports Committee of CII for last four years. He was also a Convener of Publicity & Media Sub Committee of the XIX Commonwealth Games, 2010.

His contribution has made him an important figure in the world of communications, making him adorn many important forums.

‘Think With Me’ Summit awarded as the best Corporate Event of the Year

What is ‘Think with Me’ all about?

Subrata Roy Sahara is someone who does not need any formal introduction. The world has witnessed the way he has made the entire Sahara empire from scratch. There’s a reason why he’s such a successful man and the reason behind that is the way the man thinks and lives his life.

If you have read his earlier book ‘Life Mantra’, you would know that Saharasri is a highly positive man. His outlook on life and its ups & downs is very different from a regular person. That’s the difference between him and a man still struggling to earn a living.

In ‘Think with Me’, Saharasri talks about the problems India is facing in becoming an ideal country. These problems are mostly to do with areas such as the political leadership, overpopulation, education system, the religion and media degrading etc.

What I loved about the book is that Mr Roy has shared his in-depth view over each problem and tried to make his readers understand what exactly is happening in our country and how we can possibly fix it and make India a very good country, an ideal one so living here becomes easier. If you’re a concerned citizen and often find yourself wondering what could make India a better place to live in, then ‘Think with Me’ by Subrata Roy Sahara is a book that will interest you a lot.

You will not only get to understand the problem in detail but will also understand how running a country is not an easy job and how important it is for us to fix problems such as overpopulation and illiteracy. Because only when we will have a country with more literate people, who can think rationally and reasonably, we will have a smarter and more successful nation. 

I highly recommend ‘Think with Me’ to all the Indians, as it is the citizens who can come together and help India be a better nation!