Who Was Confident Group Chairman CJ Roy? 57-Year-Old Kerala Businessman Shot Himself Dead After Tax Raids

Confident Group Chairman Dead: CJ Roy, the founder and chairman of real estate company Confident Group, was found dead at his office in Bengaluru in what police believe to be a case of suicide, allegedly triggered by fears of action by the Income Tax Department.

The incident took place on 29 January, Thursday, just hours after Income Tax officials carried out searches at the Kerala-based firm’s offices on Richmond Road. According to sources, the searches were linked to an investigation into alleged assets disproportionate to known sources of income.

Police said further details are being examined as part of the ongoing probe.

Confident Group Chairman CJ Roy Cause of Death 

According to sources cited by news agency PTI, a gunshot was heard inside the residence, prompting staff members to rush to the room, where they found Confident Group Chairman CJ Roy lying in a pool of blood. 

Police said he suffered a gunshot wound from his licensed firearm, leading investigators to suspect that he may have shot himself. However, officers clarified that no final conclusion will be reached until the post-mortem report and forensic examination are completed.

Who Was CJ Roy?

 CJ Roy was a prominent Indian billionaire businessman and the founder and chairman of the Confident Group. He headed a diversified Bengaluru-based conglomerate and was widely recognised for his strong presence in the real estate sector as well as his high-profile lifestyle. 

In 2006, he founded the Confident Group, which he built into a large, debt-free enterprise with more than 10 projects spanning India and the Middle East. 

Beyond real estate, he was also a prominent film producer in the Malayalam and Kannada film industries, backing big-budget projects such as Casanovva (2012) and co-producing the National Award-winning Marakkar: Arabikadalinte Simham. 

He additionally served as a sponsor for popular television reality shows, including Bigg Boss Malayalam and Bigg Boss Kannada.

Confident Group Chairman CJ Roy Net Worth 

Confident Group Chairman CJ Roy’s net worth was widely estimated to be over $1 billion (approximately Rs 8,400+ crore). He was the sole founder of the Confident Group, which has over 160  projects across India and the UAE, including the Zion Hills Golf County, a project valued at Rs 3,000 crore alone. 

His garage in Inagia and Dubai was valued at tens of millions of dollars. It included a Bugatti Veyron, Lamborghinis, and 12 Rolls-Royces. The most recent car he purchased for approximately Rs 10 crore is the Phantom VIII.

Why IT Department Raid Confident Group Chairman Office? 

CJ Roy’s offices and properties were searched by the Income Tax (IT) Department on January 30, 2026, following allegations of large-scale tax evasion and financial irregularities. 

Investigators claimed that Roy held assets significantly disproportionate to his known sources of income. 

His firm, Confident Group, was already facing legal disputes related to tax and assessments and alleged irregularities before the Income Tax Appellate Tribunal (ITAT) and the Karnataka High Court. According to reports, the latest raids were connected to suspected irregular financial transactions and questionable tax filings linked to the company’s extensive real estate operations. 

While the group had been subjected to searches in the past, the January 30 action was described as an intensive, high-pressure operation, during which officials reportedly seized multiple bags of documents for further scrutiny. 

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