Harshad Mehta Biography (Scam, Case, Net Worth, Family, Death)

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A Biography of Harshad Mehta

In 1992, a stockbroker named Harshad Mehta was involved in a securities scam that turned him into an infamous market manipulator. The scam led to a huge loss for investors and turned Mehta into an outlaw. But the incident doesn’t end there. There are still plenty of stories to tell about Mehta’s involvement in the Indian securities fraud. Read on to learn about his background and what made him such an infamous market manipulator.

The main reason why he had such a disastrous career was his insatiable appetite for risk. Despite crippling losses in the stock market, he did not let this deter him from placing big bets. In fact, his greed had him nearly sell his house to repay his broker, and he often paid his clients out of his own pocket. This is exactly what makes the bear cartel so dangerous – they always make a lot of money and Harshad’s investors have to pay a huge price.

After Harshad Mehta’s stock market ripoff, his assets and business suffered a serious downfall. The entire stock market crashed, washing away trillions of dollars in less than two months. He was then arrested by the CBI in November 1992 and charged with 76 crimes and 600 civil suits. Although the criminal cases against him were eventually dismissed, civil suits to recover dues from his family still remain. These monetary crimes are not uncommon in India, but the changes implemented after 1992 have not closed all loopholes.

He is a master of manipulation. After his arrest, the media began exposing him as a fraudster. In addition to this, the film’s cast was racial and sex-based, and he has since remained independent of his ethnicity. However, Harshad Mehta’s career has not been without controversy. He has been accused of stealing millions of dollars from investors.

Birth and Introduction of Harshad Mehta

Full nameHarshad Shantilal Mehta
Nick NameThe Big Bull, Amitabh Bachchan Of Stock Market
Famous forStock market scam of more than 4000 crores in 1992
Date of birth29 July 1954
Birth placePaneli Moti, Rajkot District, Gujarat
Date of death31 December 2001
Age at death47 years
Death cause(Heart Ailment)
Place of deathThane Civil Hospital
Zodiac signVirgo
Occupationstock broker
SchoolHoly Cross Senior Secondary School, Rajpur Chhattisgarh
College/UniversityLala Lajpat Rai College of Commerce and Economics, Mumbai
Education QualificationB.Com
net worthnot known

Mehta was born in Mumbai to a Gujarati family. He spent his childhood in Kandivali, Mumbai, where his father had a small textile business. After completing his schooling, his family moved to Raipur. He returned to Bombay to finish his graduation and pursue a career in banking. During the following eight years, Harshad Mehta worked in odd jobs. He was a cement contractor, an insurance clerk, and an insurance agent.

In 1984, Harshad Mehta started his own business. He then joined the Bombay Stock Exchange. He was one of the hottest figures of the eighties and nineties. He was idolized by many and wanted to be like him. In the 90s, he was a rising star. People wanted to be like him, and learn more about him. And now, the book he wrote about the fraud is a bestseller.

Harshad Mehta’s Family Details

Harshad Mehta, a well-known stock broker, was born in a small Gujarati family in the Rajkot district of Gujarat. When Harshad Mehta’s childhood passed, after that his entire family was shifted to the state of Madhya Pradesh. Harshad Mehta’s father used to do his business in Kandivali, Mumbai. His father had his own business in Mumbai, in which he was unsuccessful. After that he again started business in Madhya Pradesh. His mother was a housewife and he had three brothers. Apart from this, he has a wife and a son in his family.

FatherShantilal Mehta
MotherRasilaben Mehta
SiblingsThree brothers * Ashwin Mehta * Hitesh Mehta * Sudhir Mehta
WifeJyoti Mehta
Childrenatur mehta

Education of Harshad Mehta

After Harshad Mehta did his early studies from Holy Cross Baron Bazar Higher Secondary School in Raipur, Chhattisgarh, he did his B.Com from Lajpat Rai College, Mumbai. Let us tell here that Harshad Mehta was a very intelligent and smart student.

Harshad Mehta’s Physical Appearance (Look)

Height6 foot
Eye ColorBlack
Hair ColorBlack

Career of Harshad Mehta

Let us tell you that Harshad Mehta had joined an insurance company after completing his studies, where he used to do sales jobs. After a few days of working there, he started working in a brokerage firm and there he learned all the information about the stock market very closely. When he understood all the tricks of the stock market well, then in 1984 he formed his own company and got membership of Mumbai Exchange. Let us tell you that in no time Harshad Mehta had started to dominate the headlines of newspapers and news and all the big industrialists were eager to meet and work with him. Harshad’s name was being given a lot of respect in the stock market, and everyone was astonished that how he had made so much progress in such a short time.

Some interesting facts about Harshad Mehta

  • He was also called the uncrowned king of the stock market and The Big Bull.
  • He had earned a lot of money in the stock market in a very short time.
  • He belonged to a middle-class family and his father was a small businessman.
  • Harshad Mehta used to take money from banks by making fake receipts and put them in the stock market.
  • 72 criminal cases and more than 600 civil cases were filed against them. But Harshad Mehta was found guilty in only one case as no evidence was found against him in all other cases.
  • Harshad Mehta had also accused the then Prime Minister PV Narasimha Rao of a bribe of one crore rupees in 1993, which was not proved right.
  • He died in prison in a very mysterious way.

Harshad Mehta’s controversy, scam

1992 Harshad Mehta busted, For information, let us tell you that the way Harshad Mehta was progressing so fast, that every person was surprised by it and everyone wanted to know the secret of his success. Which was exposed in 1992. Let us tell you that Sucheta Dalal, a journalist of that time, had blown the stock market game of Harshad Mehta. Let us inform here that along with 72 criminal cases were registered against Harshad Mehta, more than 6000 civil cases were registered. But he had secured bail in all the cases and due to lack of evidence, he was found guilty in only one case. That is why in 2001 he was sentenced to 5 years as well as a fine of Rs 25,000 on him. Let us tell you here that in 1992, when the Janakiraman Committee of RBI gave its report, according to them Harshad Mehta had committed a scam of 4025 crores.

Harshad Mehta Affairs (Personal Life and Affairs)

Let us tell you that Harshad Mehta was married to Jyoti Mehta and both were very happy in their married life. Apart from this, Harshad Mehta did not have a love affair with any other woman.

Harshad Mehta Movies and Web Series

When the Harshad Mehta scam came to the fore, along with the release of many films on his life, many web series also came. Let us inform here that in the year 2020, a web series based on Harshad Mehta’s life was also shown on Sony Liv named 1992 Scam – The Harshad Mehta.

The movie, “Harshad Mehta: A Man Behind the Scandal,” based on his life, was launched on Sony LIV. In the movie, Mehta was convicted of a crime that he had committed. The story was inspired by Harshad Mehta’s experiences. As a former banker, he had an interest in stock market. In the 1980s, he moved to the US to study law.

The film is based on the true story of Mehta’s life and death. He was convicted of crimes against his mother and his wife, and was under criminal custody in a Mumbai prison. The film’s premise was to bolster the stock market and the government’s economy by promoting foreign investment. As a result, Harshad Mehta’s film was a wildly successful sensation. It topped the box office in 1991, and continues to have a strong presence in the industry today.

The film focuses on Mehta’s financial crimes. His father was a small businessman and his mother was a religious household woman. He attended Holy Cross Byron Bazar Higher Secondary School in Mumbai and later earned his B.Com from Lala Lajpat Rai College. He also worked in finance. He was the first to expose illegal trading practices of Mehta and the resulting impact on the market.

The film is based on the real life experiences of Mehta’s brother Ashwin. Mehta was involved in a scam where he defrauded the banks by promising to pay them higher interest rates in exchange for their money. Fortunately, this entrepreneur became an outlaw and is now a famous stockbroker. While Mehta’s crime is not a new crime, the case is a public one.

Harshad Mehta Family

Spouse(s)Yet To Be Update
childrenYet To Be Update
FatherYet to be update
MotherYet to be update
BrotherYet to be update
SisterYet to be update
SiblingsYet to be update

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Harshad Mehta Physical Status

HeightYet to be update
WeightYet to be update
Hair Colour Black
Eye ColourBlack
Shoe size8

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Harshad Mehta Net Worth

Net WorthYet to be update 
Sellery 2021Yet to be update 
Verification Status of WealthNot Verified

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Harshad Mehta Social Media 

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Harshad Mehta Favorites Things

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Harshad Mehta Personal life

Harshad Mehta is one of the most fascinating people in this world! And millions are looking to know more about him. If you want that too, then continue reading and find out everything there’s been reported on Vishal’s personal life so far – only by following these steps can an individual get a fair amount off information regarding his/her own personality traits or background stories

Harshad Mehta Wikipedia

When it comes to the life of Harshad Mehta, you will find everything in this post. From his childhood memories and early days up until today when we are going through what has been happening with him as he continues on towards success one day at a time!

A lot can happen in just over two decades so make sure not miss out by reading more about how Vishal has grown into becoming such an inspiring man that people would like seeing succeed even after all they’ve been put through before then – including some downright ugly stuff too (you’ll see).

Harshad Mehta Death

Vicious and sharp minded stockbroker Harshad Mehta died in a very mysterious way when he was found guilty in a case and was imprisoned for 5 years. For information, let us tell you that Harshad Mehta was lodged in Thane jail when suddenly on December 31, 2001, there was pain in his chest late in the night, he was taken to Thane Civil Hospital but he died there. Thus he died only at the age of 47.

Harshad Mehta, who was the uncrowned king of the stock market, was certainly a very sharp minded person, but he used his sharp mind to earn money in the wrong way. If he had used these advices properly, then today his name would not have been associated with any kind of scam and today he would have been remembered in a respectable way among the people.

If you are looking for the complete bio of Harshad Mehta, then I will be glad to tell it all! We have researched and compiled a lot about him in this post. First, off we want to give information on his family members including their age/date birth, etc., next up is a list with some details from Vishal’s personal life like what he likes or dislikes. Finally, there’s an overview section where everything gets summarized together so check out our research below


How old is Harshad Mehta?

Yet to be update

Who is Harshad Mehta?

Harshad Mehta is the CEO of Better.com.

Who is Harshad Mehta’s Father?

Yet to be update

Who is Harshad Mehta’s Mother?

Yet to be update

What is the net worth of Harshad Mehta?

Yet to be update

How many brothers does Harshad Mehta have?

Yet to be update 

Is Harshad Mehta married?


How many Sisters does Harshad Mehta have?

Yet to be update

Who is Harshad Mehta’s Wife?

Yet to be update

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