Harshad Mehta Biography
Harshad Mehta, known as The Big Bull, was once the stock market king who rocked the entire stock market with his tricky tricks. So let’s know about the interesting life of stock market broker Harshad Mehta-
“The Big Bull” introduces the life of Harshad Mehta – Harshad Mehta Biography
Birth, family and education of Harshad Mehta – Harshad Mehta Family, Education & History Information
Harshad Mehta was born in Gujarat on July 29, 1954 in a modest family in Gujarat, his father Shantilal Mehta was a small businessman in Mumbai and his mother Rasilaben was a religious household woman, who was always looking forward to the golden future of her children and family. Used to think about it. Harshad Mehta did his early education from Holy Cross Byron Bazar Higher Secondary School and later earned a B.Com degree from Lala Lajpat Rai College, Mumbai.
Harshad Mehta dominated the stock market – Harshad Mehta Story
Harshad Mehta did a variety of jobs for nearly eight years after his college studies and in the meantime his interest in the stock market grew and he joined a brokerage firm. Harshad Mehta became a broker of the Bombay Stock Exchange in 1984 due to his sharp mind. Harshad Mehta then opened a Grow More Research Fund asset management company. Within a few years, he achieved a lot of fame, due to which celebrities started investing in his firm.
After this, he continued to climb new heights of success and became known as The Big Bull in the stock market. At that time everyone started investing in Harshad Mehta’s firm, the name of Harshad Mehta started ringing in the stock market. Harshad Mehta made a lot of headlines at that time to achieve success in such a short time.
When Harshad Mehta was accused of crores of rupees scandal, the image was tarnished – Harshad Mehta Scam 1992
Harshad Mehta became the hero of the stock market in the 90s, but instead misused bank money, which got him into controversy. Actually, banks were not allowed to invest in equity market during that time. At that time, if a bank had to take loans from other banks, it was a rule that for this they had to deposit their bank receipts and bonds with other banks. And the process was not through direct but through brokers. Which Harshad Mehta used incorrectly.
Harshad Mehta used bank receipts and bonds fiercely and committed many big scams. Even Harshad Mehta wrongly took money from banks in order to earn more money and invested heavily in the stock market. At the same time there was a period of recession, due to which he had to bear the risk of loss and banks started asking for his money and during this time his image became like a lire in the stock market and he was charged with around 72 criminal charges, No more than 600 civil action suits were filed. Even SEBI banned him for life for any kind of transactions related to the stock market.
However, in such a big scam, besides Harshad Mehta and his brothers, the names of many big politicians also came up. The Supreme Court accused Harshad Mehta of committing a scam of 5 thousand crores. And severely punished several big stockbrokers and senior bank officials, including his brother.
Harshad Mehta died – Harshad Mehta Death
Harshad Mehta achieved a lot of success in his life but he had to face the punishment of scam and spent the last days of his life in jail. He died on 31 December 2001 due to heart attack while he was serving sentence in Thane jail. And thus came the end of Harshad Mehta’s life story.
Scam 1992 The Harshad Mehta Story – Web Series – Scam 1992 Web Series
A scam on the life of Harshad Mehta, a stock market broker, recently released on Sony Live, 1992: The Harshad Mehta web series, has received a good response from the audience. This web series consists of 9 episodes of 50–50 minutes each. In which Harshad Mehta’s entire life, from 500 crores to bank fraud has been shown well.
The lesson is learned from the life of Harshad Mehta that one should never walk on the path of dishonesty because the result of bad work is always bad.