Why is Mukesh Ambani’s son’s marriage compared to Subrata Roy’s children’s marriage?
Mukesh Ambani’s youngest son Anant Ambani and Radhika Merchant will be getting married on Friday, July 12. This marriage is counted among the most expensive marriages in India. This marriage is being discussed not only in India but all over the world. This marriage and its grandeur are being discussed in the international media. For this event on July 12, the Mumbai Traffic Police even issued an advisory to arrange traffic around the venue. After the marriage, a blessing ceremony was organised on July 13 and a reception programme on July 14. This means that Mumbai will be immersed in a celebratory mood for the entire three days.
When we talk about the marriage of Mukesh Ambani’s wife Raisi and his son Anant, we automatically remember another marriage about two decades ago. This marriage was of the sons of Subrata Roy, who was among the rich at that time. That marriage was then declared the most expensive marriage in the country. There was no important person of the country who was not present at this wedding ceremony on which more than Rs 500 crore was spent. Even the then Prime Minister of the country, Atal Bihari Vajpayee, attended the wedding of Subrata Roy’s sons.
Now think, what would be the value of the money that Subrata Roy spent on the marriage of his children at that time today? Or in other words, if Subrata Roy had arranged a similar marriage in the present times, how much money would he have spent? We have tried to measure it from the interest rate on fixed deposits.
If you had invested over Rs 500 crore in fixed deposits 20 years ago, how much would it have been worth today with an average interest of 6.5 per cent? You are confused, aren’t you? If Subrata Roy had married his sons in the current era, then Mukesh Ambani’s son’s marriage might not have been historic. Let us try to understand what all the calculation says.
How much was spent on the marriage of Subrata Roy’s children?
According to media reports, the wedding ceremony of Subrata Roy’s sons lasted for 4 days. As we saw in the wedding of Mukesh Ambani’s son. At that time, the expenditure on this marriage was Rs 550 crore. At that time this marriage was counted among the most expensive marriages in the country. The marriage of the sons of the owner of the Saraha Group became a topic of discussion in every home in the country. The whole world was shocked.
According to media reports, more than 10,000 people attended this wedding. From this, it can be guessed that Subrata Roy had invited all the important people of the country to his sons’ wedding. At that time, the most important leader of the country and then Prime Minister Atal Bihari Vajpayee had attended this wedding.
This marriage also became a topic of discussion at that time because during that time Subrata Roy had also arranged the marriage of 101 underprivileged girls. Also, during the wedding festivities, he provided food to more than 15,000 poor people. At that time this marriage was arranged in Lucknow. The head of Sahara Group had hired private jets to ferry guests from all over the world to the wedding. More than 100 dishes were served at this wedding ceremony.
If Subrata Roy had married today, what would his children be like?
Sahara Group boss Subrata Roy is no longer with us. If he had been alive and married his children in the same style as he had done two decades ago, how much would he have spent? This question is also important because today Mukesh Ambani’s son is getting married. It is considered to be the most expensive marriage of this era.
Pre-wedding in Jamnagar, followed by a 4-day European cruise and then the recently concluded sangeet ceremony. On which several hundred crores of rupees have been spent. According to media reports, over Rs 1,200 crore was spent on the pre-wedding in Jam Nagar. In such a situation, it becomes equally important to calculate what would have been the value of the money spent on the marriage of the children of the Sahara Group in today’s times.
So the calculation goes something like this.
As we told you quoting media reports, two decades ago Subrata Roy had spent Rs 550 crore on his sons’ marriage. Now try to see it from the point of view of investment in fixed deposits, in the year 2004 one would have invested Rs 550 crore in the fixed deposits of State Bank of India and on the current maturity date of Rs 1,997 crore at an average annual return of 6.5 per cent would have been Rs 1,997 crore.
This means that the value of Rs 550 crore would have increased by more than 3.5 times in two decades. In such a situation, if the marriage of Subrata Roy’s sons had taken place in the present time, its value could have been around Rs 2,000 crore or even more. This means that if the marriage of Subrata Roy’s sons had taken place or had taken place in the present time, then perhaps the marriage of Mukesh Ambani’s son would not have been counted among the most expensive marriages in the country.
