CJ Roy, the owner ofConfident Group, found dead after Income Tax raid. Initial reports suggests that he shot himself inside his office near Richmond Circle, Bengaluru. He was 57. According to reports, CJ Roy was under severe stress following Income Tax raids conducted earlier in the day on companies linked to him.
Roy was rushed to Narayana Hospital in HSR Layout but doctors were unable to save him, and he later passed away, as per News First Prime
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The incident has shocked people in business and real estate circles. Police reached the spot soon after and have started an investigation. More details are expected as the probe continues. PTI journalist Elizabeth Kurian reported that CJ Roy was reportedly distressed due to the Income Tax raids carried out earlier that day.
Who was CJ Roy?
His real estate conglomerate has major operations in Kerala and Karnataka,and projects in the UAE, including Dubai. He held a doctorate in Business Administration and began his career in the corporate sector before entering the real estate business in the mid-2000s.
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Under his leadership, Confident Group expanded from a single project in Kerala into a large multi-sector developer with more than 100–160 projects across residential and commercial real estate, hospitality, and allied businesses. His estimated net worth is in the range of about Rs 300–500 crore, as per affluense.
About Confident Group
Headquartered in Bengaluru, the group developed a strong presence in Kerala and later expanded overseas. Its core focus remained residential and commercial real estate, including luxury apartments, plotted developments, and townships, along with diversification into sectors such as hospitality, aviation, entertainment, education, golf projects, and building-materials trading. The company positioned itself as a low-debt or zero-debt developer, emphasising clear land titles, legal transparency, and minimal litigation to build buyer confidence.
At its peak, Confident Group was reported to have completed or launched around 140–165 projects, covering over 40 million square feet of development and serving more than 15,000 customers across India and the Gulf region. The group was often cited among leading real estate developers in South India, with several projects receiving high CRISIL ratings and strong brand recognition, particularly in Kerala and Bengaluru.
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