CNN —Subrata Roy, the founder of Sahara, once one of India’s largest conglomerates, died on Tuesday, his company said in a statement. Roy died in a Mumbai hospital following “an extended battle with complications arising from metastatic malignancy, hypertension, and diabetes,” the statement said. It was founded by Roy in 1978 and operates in sectors including real estate, banking, manufacturing and media. Considered one of the country’s most flamboyant tycoons, Roy rubbed shoulders with the Indian elite, including Bollywood superstars and high-profile politicians. “Heartbroken to learn about the passing of Sahara Shri Subrata Roy,” former Indian Olympian PV Sindhu wrote on X, formerly known as Twitter.

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Persons: CNN — Subrata Roy, Roy, ”, Subrata Roy, Anupam Kher, ” Roy Organizations: CNN, Indian national cricket team, Formula, Securities and Exchange Board of India, India’s, Reuters, Netflix, Bad, Sindhu Locations: Mumbai, Sahara India, London, New York, Sahara, Lucknow