Harshad Mehta Biography – Scam, Case, Net Worth, Family, Death

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Harshad Mehta was a well-known stock market broker in our country India, also known as The Big Bull. Let us tell you that they are holding a lot in the stock market and for this reason, they had shaken the stock market. Let us inform that his mind was very sharp, due to which he made a splash in the stock market with great speed and also earned a lot of money and became the uncrowned king of the stock market. Let us talk about his life in this article.


Birth and Introduction of Harshad Mehta

Full name Harshad Shantilal Mehta
Nick Name The Big Bull, Amitabh Bachchan of Stock Market
Famous for Stock market scam of more than 4000 crores in 1992
Date of birth 29 July 1954
Birthplace Paneli Moti, Rajkot District, Gujarat
Date of death 31 December 2001
Age at death 47 years
Death cause (Heart Ailment)
Place of death Thane Civil Hospital
Zodiac sign Virgo
Occupation stockbroker
Nationality Indian
Hometown Gujarat
School Holy Cross Senior Secondary School, Rajpur Chhattisgarh
College/University Lala Lajpat Rai College of Commerce and Economics, Mumbai
Education Qualification B.Com
Religion Hindu
Networth not known

Harshad Mehta Birth And Education

Born on 29 July 1954, Harshad Mehta’s family was a Jain family and originally a Gujarati family. As soon as Harshad Mehta was born, his family had come to live in the city of Mumbai. Also, tell in Harshad Mehta Biography that his full name was Harshad Shantilal Mehta. His childhood was spent in Kandi Wali, Mumbai city. Harshad Mehta has received his primary education from Holy Cross Baron Bazaar Secondary High School, Mumbai.

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After completing his college studies at Lala Lajpat Rai College, Mumbai, he got the degree of B.Com. He has also done many jobs while keeping his B.Com career going. At the age of just 8 years, he started the job. And after completing his studies, he started his work at New India Insurance Company as a salesman. Talking about Harshad Mehta’s lifestyle, he was living a luxurious life. Harshad Mehta’s house is present in Mumbai.

Harshad Mehta’s family

Talking about Harshad Mehta’s family, his father’s name is Shantilal Mehta, who used to be a small textile trader in the Kandivali area of ​​Mumbai. And mother’s name is Rasilaben Mehta. Harshad Mehta’s wife’s name is Jyoti Mehta. His brother Ashwin Mehta used to be his partner. If you tell the information about Harshad Mehta’s children, then Harshad Mehta’s son’s name is Artur Mehta. Ashwin Mehta’s age was more than Harshad Mehta’s. Harshad Mehta son later Mehta is also called the king of the lion market.

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Harshad Mehta, a well-known stockbroker, 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.
Father Shantilal Mehta
Mother Rasilaben Mehta
Siblings Three brothers * Ashwin Mehta * Hitesh Mehta * Sudhir Mehta
Wife Jyoti Mehta
Children atur Mehta

Harshad Mehta’s Physical Appearance (Look)

Height 6 foot
Weight 78kg
Eye Color black
Hair Color black

The 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, after that in 1984 he formed his own company and got membership in Mumbai Exchange. Let us tell you that in no time Harshad Mehta was in 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.

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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 putting 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 did not prove to be true.
  • 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 inform you that Sucheta Dalal, a journalist of that time, had blown the stock market game of Harshad Mehta.

Let us inform you here that along with 72 criminal cases 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.

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Everyone gets information about all the scams in the country of India. We are going to tell you today in similar Harshad Mehta Biography. Will make you aware of the complete information about the Harshad Mehta scam. If you want to take a loan from any bank then you need a reference. Similarly, if you have to take a loan from any such bank, then the bank giving the loan from another bank has to give a bond.

To complete this method, you must have a broker in the middle. During the present time, if any process is to be completed quickly, then it is necessary to take the help of a broker. Harshad Mehta used to be a broker in this process and after making fake bank receipts through all the required banks, he started taking loan money from such banks by giving receipts to other banks.

By doing this process, he started thinking of his benefit and started earning money by turning such small scams into big scams. Harshad Mehta was a very clever and driven person, he fooled all the banks. He did not leave any blank, took loans from all the banks, and put that money in the stock market. And everyone was also promised a very high-interest rate.

But luck does not support all the time and at that time the atmosphere of recession started and the doors of his downfall were also opening. Harshad Mehta suffered the most due to the recession of the lion market and could not reach because he was a broker. All the lending banks started demanding their money back.

Scams Exposed Of Harshad Mehta  –

Everyone came to know through social media that Harshad Mehta had done a scam of about 4000 crores. Harshad used to take a loan for only 15 days and he used to spend the money in the lion market. It was also said in Harshad Mehta’s Biography that in 15 days he used to return the money along with his interest to the bank.

He used to take more advantage of his identity. Because no bank gives 15 days loan to its client and gave it to him. Harshad Mehta had made a fake bank receipt and started raising money from other banks with the same receipt. And that money was invested in the stock market.

The situation used to go well, till then everyone used to return the money on time, but due to the recession in the lion market, they were exposed and everyone’s profits were stuck. He used to do his dishonesty so well that no one knew about it.

He used to spend money only and only in his company and also used to give advice. If the information about the Harshad Mehta case is told, 600 civil charges and 72 criminal charges have been made.

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Harshad Mehta sentenced to jail –

After the disclosure of Sucheta Dalal’s scam, this thing had become the subject of most discussion. For this reason, he was presented in court. The court, while pronouncing its hearing, had convicted Harshad Mehta and 6 fellow accused of being involved in the scam of Rs 5000 crore.


His brother Ashwin Mehta was also involved in this. Harshad Mehta’s net worth was very good but his punishment also did not work. He was arrested by the Indian CBI and imprisoned in Thane Jail Jail. About 600 civil cases and 72 criminal charges have been registered against Harshad Mehta, yet the evidence was found in only one case.

Harshad Mehta was sentenced to 25 thousand fine and 5 years imprisonment for being a criminal in this big scam.

Harshad Mehta Affairs (Personal Life and Affairs)

Please tell 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 Interesting Facts –

  • In the year of 1993, former Prime Minister PV Narasimha Rao and the then Congress President were accused of taking a bribe of 1 crore to save from the case.
  • In Harshad Mehta’s Biography, let us tell you that in the year 1990, Harshad Mehta’s name started appearing on the cover page of big magazines and newspapers. Harshad Mehta’s name was being taken with great respect in the stock market. From Harshad Mehta’s 15500 square feet sea-facing paint house to his fondness for expensive vehicles, everything made him a celebrity.
  • In the year 1992, Times of India journalist Sucheta Dalal had exposed Harshad Mehta’s biggest scam, he had told that Harshad Mehta used to take a 15-day loan from the bank and put it in the stock market.
  • Harshad Mehta had a full convoy of luxury vehicles, this Harshad Mehta had also accused the Prime Minister of taking bribes. His story is the story of a Gujarati boy who had an empty pocket but had a very heavy dream. His dream was to touch the height of wealth that no one could reach, he wanted to believe so much money.
  • Due to Harshad Mehta’s rapidly growing scams, he was charged with 72 offenses, and after that 500 to 600 civil action shoots were registered against him.

Harshad Mehta Movies and Web Series

When the Harshad Mehta scam came to the fore, along with the release of many films about his life, many web series also came. Let us inform you 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.

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 a 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 tips 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.

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conclusion –

Friends, I hope you have understood my article Harshad Mehta Biography completely. Through this article, we have also given information about Harshad Mehta’s brother Ashwin Mehta, if you want to know about the biography of another person, then you can tell us by commenting. And do share this article of ours with your friends. Thank you.

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