The Real Story of The Big Bull Harshad Mehta Scam 1992 | Biography, Family, Friends. Enemies, Death |

In this article, we are going to know about the entire real story of the Big Bull Harshad Mehta. The mastermind behind stock manipulation and famously known for the 1992 Scam. Moreover, everyone considered him as the market guru. People who followed Harshad Mehta made massive profits in the stock market. However, few who faced loss in the market committed suicide.

Scam 1992: The Harshad Mehta Story is an Indian Hindi-language financial thriller streaming television series. Directed by Hansal Mehta. The story is based on a 1992 Indian stock market scam. The series is adapted from journalist Sucheta Dalal and Debashish Basu’s book. “The Scam: Who Won, Who Lost, Who Got Away.”

The Childhood Of Big Bull Harshad Mehta

Harshad Shantilal Mehta was born on 29 July 1954 at Paneli Moti, Rajkot district, in a Gujarati Jain family. His early childhood was spent in Kandivali. His father was a small textile businessman having a shop on rent at Kalbadevi. However, the business had to shut down.

Where did Harshad Mehta Study?

Firstly, Harshad completed his schooling at Janta Public School. Secondly, he completed his graduation B.Com from Lala Lajpatrai College in 1976.

Who are Harshad Mehta Family Members?

Harshad Mehta’s family consisted of his father Mr. Shantilal Mehta, mother Rasilaben Shantilal Mehta, Wife Jyoti Mehta, Son Atur Mehta, and 3 brothers Ashwin Mehta, Sudhir Mehta, and Hiten Mehta. Learn More about The Big Bull Family.

Harshad Mehta Family Photos

In this paragraph, you’ll find photos of The Big Bull Family Members.

Harshad Mehta Daughter?

Harshad Mehta had only one son and no daughter.

Where did Harshad Mehta Family lived?

Harshad Mehta was an ordinary Gujarati salesman who lived in a one-room apartment in Ghatkopar along with his parents, wife Jyoti, and brother Ashwin. Moreover, after the rise of Big Bull, the family shifted to a sea-facing 15,000 square feet penthouse in the tony area of Worli complete with a mini-golf course and swimming pool. Now it is said that Harshad Mehta Wife with his son went to USA. And started a new life all again living peacefully and away from people’s eyes.

Where did Harshad Mehta Work Before Entering into Stock Market?

Mehta did a lot of odd works for 8 years before entering the stock market. Now, Harshad started to grow interest in the stock market. He resigned from his job and started working for a brokerage firm Harjivandas Nemidas Securities. He worked under the broker Prasann Pranjivandas.

The Rise Of The Big Bull Harshad Mehta

Popular Magazine Business Today’ called him “The Amitabh Bachchan of the stock market.” After gaining a lot of experience from the stock market. Mehta thought of starting his own brokerage and consultancy firm “Grow More Research and Asset Management.” Harshad Meha had won people’s trust. Mehta’s brokerage firm received a lot of investments. Mehta became the face of the stock market. By his one verdict, the market was going up and down.

After gaining massive profit from the stock market. Mehta was now interested to put his leg in the money market. Harshad was now more into money market deals. The systems were slow at that time. The transactions used to take 14 days to complete. Moreover, Harshad found this as an opportunity he took out the money from the banks and started heavily investing in the stock market. Harshad Mehta was growing exponentially.

People who followed Mr. Mehta and all the investors of GrowMore made a massive profit in the market. Firstly, it is also said that Harshad Mehta never made anyone fall into the loss. Secondly, He always made profit for everyone. Even retail investors made huge profits in the market during his time. Because of him, the common people started investing in the stock market. Know more about Bhushan Bhatt of Scam 1992.

What Happened to Harshad Mehta Company GrowMore?

Harshad Shantilal Mehta and his brothers were arrested by the CBI on 9 November 1992, Grow More Research and Asset Management was banned from SEBI for his part in a financial scandal valued at ₹49.99 billion (USD 740 million) which took place on the Bombay Stock Exchange (BSE). Know more about reel and real character of Scam 1992.

Who were Harshad Mehta Enemies?

Firstly, we’ll discuss who were Harshad Mehta’s enemies. In the ’90s there was a monopoly of various cartels in the market. Harshad was an outsider and he was growing exponentially. And the bear gang was facing huge losses in the market. In order to suffice in the market, many people say that Harshad Mehta was killed in police custody. Bear cartels and his opponents were behind him. Even the politicians were included in the plan.

How did Harshad Mehta Died?

Harshad Mehta died due to heart-ailment at Thane Civil Hospital at the age of 47. At that time he was in Thane Hospital. Suddenly his chest started paining and he was sent to Thane Civil Hospital. Harshad Mehta the big bull passed away on 31st December 2001, when everyone was celebrating the year-end. His family was in grief. As a result, many people believe that he was killed by different cartels and even politicians were included in it.

Was Harshad Mehta Wrong or Innocent?

Was Harshad Mehta really wrong, many believed that Harshad Mehta was right and many people believe that Harshad Mehta was wrong. However, Technically Harshad Mehta was wrong, as he bought money from the money market and invest it in the share market to rig share prices. However, theoretically, he was right. As he was following the old market practice.

As Mehta was in the limelight. He made many enemies as he was growing exponentially. If Mehta was not caught in the trap. He would have return all the money. He took from SBI and other sources.

The main aim of Harshad Mehta was to make more and more profits, but in the process, none of his clients or any retail investor must suffer any loss.

Many financial experts believe that Harshad Mehta did not commit any fraud. However, he just exploited the existing loopholes in the system. Which was practiced by most of the market players of that time. As a result, many believe that Harshad Mehta is an Innocent man.

What was Harshad Mehta Mistake?

The biggest mistake of Harshad Mehta was he took the Prime Minister’s name in the Rs 1 Crore suitcase case. After that many agencies were behind him. Moreover, the bear cartel appointed someone from the PR dept of SBI to get all the inside news of Harshad Mehta and expose it to everyone. In addition, Indirectly Sucheta Dalal was made against Harshad Mehta.

In Conclusion, everyone including the Government and the bear cartel was against a single person Harshad Mehta. Hence this led to the fall of the Big Bull.

Was Harshad Mehta an Honest Man?

Firstly In an interview, Sucheta Dalal says that “Harshad Mehta was having Rs 2000 Crore assets during 1992. Moreover, Harshad Mehta was making huge profits in the stock market. And he would return every money he had taken from the banks. Harshad will return every money he has taken from SBI and another bank says, Sucheta Dalal. Hence that Harshad Mehta is an Honest Man.

Secondly, Sucheta also added that “The banks associated with Harshad Mehta made an extremely huge amount of profits.” including SBI. Moreover, Harshad Mehta always made profits for his clients and associated banks. However, he was not like modern-day scammers like Vijay Mallya and Nirav Modi, who took the people’s hard-earned money and ran away from the nation. As a result, this proves that Harshad Mehta is an Honest Man.

Scam 1992 Popular Cast and their Instagram Id.

• Pratik Gandhi as Harshad Mehta
• Shreya Dhanwanthary as Sucheta Dalal
• Vishesh Bansal as Young Harshad Mehta
• Anjali Barot as Jyoti Mehta (Harshad’s wife)
• Hemant Kher as Ashwin Mehta
• Brinda Trivedi as Deepika Mehta (Ashwin’s Wife)
• Chirag Vohra as Bhushan Bhatt