This post can be taken as a warning regarding the health of the Sahara group as the same is in a dwindling state. Even its owner Subroto Roy is not seen in public for months together and with his limited presence can we conclude that he is afraid of being hounded by its creditors and depositors. We are making this post as govt employees will be getting a huge chunk of the amount in their hands courtesy VI (Sixth) Pay commission.RBI has given a reprieve to the Sahara group under pressure and now it can accept the deposits maturing till June 2011 and has been given time till 2015 to repay its depositors.
It is now clear that the state of affairs of Sahara residuary non-banking finance company is not in a good condition and thus if you have been contemplating investing with them; then do consider your decision as it is your hard-earned money and do not fall prey to skyrocketing returns as bait.
One can say that by virtue of its pan India presence it can get a good valuation in case it is taken over by some financial giant. Thus, if you do not want to risk your investments then avoid investing through the Sahara group. Moreover, if you have invested with them, then take time and get it redeemed and invests in some safe arena. Moreover, the employees of Sahara and prospective employees with the group need to consider the requirement of a new job in light of the failing Sahara group. Sahara group can now only redeem its lost glory if its projects in pipeline start bringing fruits for it from at least next year onwards to keep it floating.
This writeup is a personal opinion and it is in no way meant to cast aspersion or defame any group.
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