Birth and Family – Birth and Family
Harshad Mehta was born on 29 July 1954 in Rajkot district, Gujarat, India. His full name was Harshad Shantilal Mehta. His father’s name was Shantilal Mehta and his mother’s name was Rasilaben Mehta. His father was a small businessman in Kandivali, Bombay. But later his family moved to Modhapara, Madhya Pradesh (capital of Chhattisgarh) of Raipur.
He did his schooling from Holy Cross Byron Bazar Higher Secondary School and got his B.Com degree from Lajpat Rai College Mumbai.
Harshad Mehta’s career – Harshad Mehta Career
Harshad Mehta was an Indian stock market broker. Harshad Mehta A name that rocked the stock market in its time. After completing his college, he did many things for about eight years. During this time he became interested in the stock market, and joined a brokerage firm.
In 1984, he became a broker of the Bombay Stock Exchange. He then founded his own firm called Growmore Research and Asset Management. By the early 1990s, many eminent people began investing in his firm and utilizing his services.
Harshad Mehta used his sharp mind to make a lot of money from the stock market in a very short time. The media gave Harshad Mehta a new name “The Big Bull”.
Controversy: Accused of scam
Banks in India were not allowed to invest in equity markets in the 90s. At that time, if a bank wanted a loan from other banks, they had to deposit their bonds to other banks and had to go through a broker. But it also had a loophole. Mehta used to scam a lot.
He scammed a lot in bank receipts and bonds. By creating a fake bank receipt, they took money from banks and invested in shares. But when the recession came, he suffered a lot of losses and the banks started asking for their money. He was subsequently charged with 72 criminal offenses and more than 600 civil action suits were filed against him. SEBI had banned him for life for activities related to the stock market.
Harshad Mehta was accused by the Supreme Court of 5000 crores.
The Harshad Mehta share scam was pronounced after 24 years. The special court in Mumbai convicted six accused, including Harshad Mehta’s brother Sudhir Mehta, for the Rs 700 crore scam. Senior bank officials and stockbrokers were also involved in this scam of crores.
Harshad Mehta was admitted to Thane’s civil hospital when he complained of late chest pain while in Thane jail. But he died on 31 December 2001 at the age of 47 due to heart disease.
There is also a film coming out of his life called Big Bull.
Brief biography of Harshad Mehta – Harshad Mehta Biography
Naam- Harshad Mehta
Puranam -Harshad Shantilal Mehta
Born -29 July 1954
Place of birth- Rajkot, Gujarat, India
Father -Shantilal Mehta
Mataji -(Rasilaben Mehta)
Sister -not known
Brother -(not known)
Wife -Jyoti Mehta
Son -(At) Mehta
Daughter- not known
Habitat Mumbai, Maharashtra, India
School Holy Cross Byron Bazar Higher Secondary School
College Lajpat Rai College Mumbai
Education Qualification B.Com
Profession Stock Broker
Date of death 31 December 2001
Total assets not known
Harshad Mehta Net worth not known
Harshad Mehta Wife, Son – Harshad Mehta’s wife son
Harshad Mehta is married to Jyoti Mehta. TheyHarshad Mehta Biography have a son named Atur Mehta.
Harshad Mehta physical state
Length: Height (approx) in centimeters – 183 cm
In meters – 1.83
Inch – 6 ′ 0 ″
Weight: Weight (approx) in kg – 78 kg
In pounds – 171 lbs
Physical measurement (approx.) 38-34-14
Eye color black
Hair color black