Harshad Mehta

Quick Facts

Full Name	Harshad Mehta
Occupation	Businessman
Date Of Birth	Jul 29, 1954(1954-07-29)
Age	70
Date Of Death	December 31, 2001, Shree events & decoration, Thane, India
Birthplace	Rajkot
Country	India
Birth City	Gujarat
Horoscope	Leo

Harshad Mehta Biography

Harshad Mehta is one of the most popular and richest Businessman who was born on July 29, 1954 in Rajkot, Gujarat, India.

Mehta tried his hand at various jobs, often related to sales, including selling hosiery, cement, and sorting diamonds. Mehta started his career as a sales person in the Bombay office of New India Assurance Company Limited (NIACL). During this time, he got interested in the stock market and after a few days, resigned and joined a brokerage firm. In the early 1980s, he moved to a lower level clerical job at the brokerage firm Harjivandas Nemidas Securities where he worked a jobber for the broker Prasann Pranjivandas Broker who he considered his “Guru”. Over a period of ten years, beginning 1980, he served in positions of increasing responsibility at a series of brokerage firms. By 1990, he had risen to a position of prominence in the Indian securities industry, with the media (including popular magazines such as Business Today) touting him as “The sunny deol of the Stock market”.

In 1984, Mehta was able to become a member of the Bombay Stock Exchange as a broker and established his own firm called GrowMore Research and Asset Management, with the financial assistance of associates, when the BSE auctioned a broker’s card. He actively started to trade in 1986. By early 1990, a number of eminent people began to invest in his firm, and utilize his services. It was at this time that he began trading heavily in the shares of Associated Cement Company (ACC). The price of shares in the cement company eventually rose from Rs. 200 to nearly 9000 due to a massive spate of buying from a set of brokers including Mehta. Mehta justified this excessive trading in ACC shares by stating that the stock had been undervalued, and that the market had simply corrected when it revalued the company at a price equivalent to the cost of building a similar enterprise; the so-called “replacement cost theory” that he had put forward.

Harshad Mehta Net Worth

Harshad Mehta is one of the richest Businessman from India. According to our analysis, Wikipedia, Forbes & Business Insider, Harshad Mehta 's net worth $5 Million. (Last Update: December 11, 2023)

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, Bombay (present-day Mumbai), where his father was a small-time businessman. Later, the family moved to Raipur’s Modhapara, Madhya Pradesh (Capital City of Chhattisgarh) where Mehta studied in Holy Cross Byron Bazaar Higher Secondary School. A cricket enthusiast, Mehta did not show any special promise in school and came to Bombay after his schooling for studies and to find work. Mehta completed his B.Com in 1976 from Lajpatrai college Bombay and worked a number of odd jobs for the next eight years.

Height, Weight & Body Measurements

Harshad Mehta height Not available right now. Hortensia weight Not Known & body measurements will update soon.

Who is Harshad Mehta Dating?

According to our records, Harshad Mehta married to Jyoti Mehta. As of December 1, 2023, Harshad Mehta’s is not dating anyone.

Relationships Record : We have no records of past relationships for Harshad Mehta. You may help us to build the dating records for Harshad Mehta!

On 23 April 1992, journalist Sucheta Dalal exposed Mehta’s illegal methods in a column in The Times of India. Mehta was dipping illegally into the banking system to finance his buying.

Facts & Trivia

Hortensia Ranked on the list of most popular Businessman. Also ranked in the elit list of famous people born in India. Harshad Mehta celebrates birthday on July 29 of every year.

Mehta again raised a furor on 16 June 1993 when he made a public announcement that he had paid Rupees 1 Crore to the then Congress president and prime minister, Mr P.V. Narasimha Rao, as donation to the party, for getting him off the scandal case.

What was Harshad Mehta net worth at his peak?

Reportedly, Harshad Mehta net worth when he was alive was estimated to be nearly $475 Million , which could be roughly converted into INR 3542 Crores.

How did Harshad Mehta get caught?

Outbreak of 1992 securities fraud On 23 April 1992, journalist Sucheta Dalal exposed illegal methods in a column in The Times of India. Mehta was dipping illegally into the banking system to finance his buying. A typical ready forward deal involved two banks brought together by a broker in lieu of a commission.

Why Harshad Mehta is called Big Bull?

Mehta had what people could consider a rags to riches story: from being a mere immigrant to the city to becoming a renowned stock broker in BSE. He was called the ‘Big Bull’ after resounding success with his Grow More Research and Asset Management firm after many a series of odd jobs.

Is Big Bull based on Harshad Mehta?

The Big Bull is a 2021 Indian Hindi-language financial thriller film directed and written by Kookie Gulati, based on stockbroker Harshad Mehta who was involved in financial crimes over a period of 10 years during 1980–1990. The film stars Abhishek Bachchan, Ileana D’Cruz and Nikita Dutta.

Who was the highest tax payer in India in 1992?

“I don’t create waves, I ride them”; and who paid an advance tax of Rs 26 crore, becoming the biggest individual taxpayer in the country—bigger than Dhirubhai Ambani.