Harshad Mehta’s net worth was $475 million. Harshad Mehta was an Indian entrepreneur. He was one of the most controversial Indian stock brokers and was under penalties as a market manipulator.
He was one of the most controversial Indian stock brokers and was under regulators’ radar as he was involved in stock manipulation.
Here, we’ll talk about Harshad Mehta’s net worth, his full biography, career, education, and many more interesting things. So, read on to know Harshad Mehta’s full bio.
Harshad Mehta Net Worth
|Net Worth ($)
That being said, Harshad Mehta’s actual net worth is unknown, but an approximate calculation says it is worth Rs 3542 crores. A huge amount of resources show Harshad Mehta as one of the wealthiest businessmen in India.
He has been ranked the 7th richest Indian businessman and the 4th richest in the world. He owns several business houses, including a chain of hotels called the Taj Hotels.
He has a company that manufactures chemicals that he imports and sells worldwide. Another company that he has is Reliance Infrastructure Ltd, which is a company that controls the infrastructure across India.
Harshad Mehta Personal Info
|Real Full Birth Name
|Harshad Shantilal Mehta
|The Big Bull & The Amitabh Bachchan of Stock Market
|Stock market scam of more than 4000 crores in 1992
|Date Of Birthday
|29 July 1954 (Thursday)
|Age (Death Time)
|47 Years Old
|Paneli Moti, Rajkot District, Gujarat
|Date of Death
|31 December 2001 (Monday)
|Place of Death
|Thane Civil Hospital, Mumbai
|Sun Sign (Zodiac Sign)
|Father: Shantilal Mehta (Businessman)
Mother: Rasilaben Mehta
|Brother: Sudhir Mehta, Hitesh Mehta & Ashwin Mehta (Advocate)
|Son: Atur Mehta
Harshad Mehta Background
Harshad Mehta’s full profile name is Harshad Shantilal Mehta. He was one of the richest business tycoons in Mumbai. Harshad Mehta’s father Mr. Shantilal Mehta, was a textile mill owner in Borivali, where Harshad Mehta had spent his childhood.
Mr. Shantilal Mehta wanted his children to grow up to be independent. He worked hard to make sure that they got the best education possible. He aimed to make sure that his children became successful businessmen.
This was because he was very happy that he had accomplished his own dream of building a textile mill in Borivali. Mr. Shantilal Mehta built the mill at Borivali.
He had helped many people when he was in charge of the mill. However, unfortunately, he passed away before he saw his family’s mill becoming successful.
The mill went bankrupt and was closed. Mr. Shantilal Mehta’s son was only 18 years old when he inherited the mill. He was shocked by this.
He had thought that the mill would bring in profits for him and his wife, Mrs. Bhavna Mehta.
Harshad Mehta Birth and Childhood
According to the Mehta family’s historical background, Harshad was born in Gujarat. His birth year was 1954 (29th of July).
Harshad and his brothers (Shudir, Hitesh, and Aswin) had spent their childhood in Paneli Moti in Rajkot, Gujarat.
The Harshad Mehta family has a very rich history. This is a large, close-knit family with strong connections.
One of the reasons why Harshad is the third generation to enter politics is that his grandfather and father were both ministers in Rajkot Municipal Corporation.
He has two brothers and one sister. Harshad was born into a very strong and educated family.
His father, Harishchand Mehta, studied at Keshavrao Deshmukh School and St. Paul’s High School, Rajkot, and holds a degree in Arts from SNDT Women’s University.
His mother, Harsha Mehta, studied at Pune University and held a degree in Commerce. His siblings study in Kota.
Harshad Mehta School and Education Life
|Holy Cross Senior Secondary School, Raipur, Chhattisgarh
|Lala Lajpat Rai College of Commerce and Economics, Mumbai (1976)
As an influential stockbroker in India, Harshad Mehta’s educational background is not bad. He graduated from (Patrai College): Lala Lajpat Rai college of commerce and economics in Mumbai.
He also went to holy cross senior secondary school, Raipur, Chhattisgarh.
After he graduated, he was a stockbroker in Mumbai. He later joined a group called (Ranbaxy) as a senior sales manager for the drug company.
At the same time, he was also one of the founders of (India’s leading pharmaceutical firm, Dr. Reddy’s Lab). In 1993 he became the managing director of Ranbaxy.
In 2004 he resigned from Ranbaxy and started his own company called (Mehta Group). His company owns the largest chain of pharmacies in northern India. This company also owns a chain of restaurants called the (Mehtas).
Harshad Mehta’s success comes after many years. He was born in the year 1959. He grew up in the house of his grandfather. He attended a school named (Lala Lajpat Rai) near his house. He did not have many resources when he was growing up.
Harshad Mehta Physical Appearance
|In Inches – 5′ 8″ – In Centimetres – 177 cm
|In Kilograms – 80 kg – In Pounds – 176 lbs
|Chest – Unknown
Waist –UnknownBiceps – Unknown
Harshad Mehta was a self-made billionaire, and his physical description is 6 feet tall, with black hair, a round face, a handsome mustache, and quite a healthy body configuration.
Overall he excelled as a professional stockbroker. He was called the Amitabh Bachchan of the stock market (big bull).
Harshad Mehta has been very successful in business. He has made a fortune. He is now known as the man who started a billion-dollar company. Harshad is married to Vimal. He has three children – Rishi, Riya, and Rohan.
His daughter, Riya, is a famous model and a fashion icon. He is a very successful businessman, starting his first company at age 16. In the beginning, he sold hot dogs. He later started selling pizza rolls in school.
By 23, he had built a multi-million dollar company called Harshad Mehta & Associates. The company is considered one of the best in the financial services industry.
His company has been responsible for over 30% of the total trading volume on the New York Stock Exchange.
Harshad Mehta Career and Progress
In the beginning, Harshad Mehta started his career in Mumbai (NIACL company). Mehta got a self-interest in stock marketing when he was in the NIACL company.
And then joined a brokerage firm a few days later. Later on, he started his business with the advice of his guru Prasann Pranjivandas broker.
Harshad Mehta is one of the best traders in India. He has been trading shares and commodities since 2008.
Harshad Mehta has made a huge name in the Indian stock market. He was the first trader to trade in stock futures in India.
He is called ‘the father of futures’ in India. His first trading experience was with NIACL. Mehta got a self-interest in the stock market when he was in NIACL. And then joined a brokerage firm a few days later.
Later on, he started his business with the advice of his guru Prasann Pranjivandas, a stockbroker. Prasann Pranjivandas is a well-known stock broker in Mumbai. He is very popular for being an expert in stock market analysis.
Harshad Mehta Family Life
Harshad Mehta’s parents were Shantilal Mehta and Rasilaben Mehta. He had three brothers and was married to Jyoti Mehta. They had only a single name, Atur Mehta. Harshad Mehta had no daughter.
Mr. Shantilal Mehta was a rich businessman. He had four sons, Sushil Mehta, Vijay Mehta, Anshul Mehta, and Harshad Mehta. Vijay Mehta had two sons, Ravi Mehta and Shashank Mehta. They were all married. They all went to America.
Harshad Mehta’s family had been going there since his grandfather’s time. They wanted to bring his family to America too. They came to the U.S. in 1991.
Shantilal Mehta’s elder son, Sushil Mehta, was an electrical engineer. His younger son, Vijay Mehta, was a manager.
Both of them were successful. They wanted to bring their whole family to America. They got a job in a company called Credential Systems Corp. Harshad Mehta’s father, Shantilal Mehta, died when he was in America.
Harshad Mehta Secrets
Harshad Mehta’s biggest secret was his involvement in a manipulation scheme on the Bombay stock exchange(stamp paper fraud, bank receipts fraud) in 1992.
He and his associates were caught and revealed by a renowned journalist, Padmavhusan awarded Sucheta Dalal.
The fraudsters were caught after being exposed by a famous journalist. The journalist published an article that revealed the details of the fraud that the company was carrying out.
In the article, he mentioned the name of the founder of the company, the director, and the secretary of the company, along with the company’s address and phone number.
The fraudster contacted the journalist and was told about the details he needed to expose the fraud. As soon as he received this information, he started calling the individuals he had been given and exposing them.
After hearing about the fraud that the company was carrying out, the founder of the company called him and asked him to retract his statement. He promised that he would take care of him in return.
Harshad Mehta’s Biggest Achievement
Harshad Mehta’s biggest achievement was rising to a position of prominence in the Indian securities industry. Later on, he started to control several brokerage firms in India, and a lot of eminent Businessmen started investing in Mehta’s firm.
His success began after his college days, and he made a lot of investments and earned a huge amount of money, which eventually enabled him to open his own brokerage house.
He was appointed to lead the Securities and Exchange Board of India (SEBI), and he became a member of the Indian National Stock Exchange (NSE).
After his promotion to his position, he increased his stature. By working hard and doing what was necessary, he achieved his goal and became one of the prominent businessmen in India. He has become a popular personality in business circles.
Harshad Mehta’s Future Plan
Harshad Mehta aimed to become India’s leading brokerage service holder. He also made his wish come true and went ahead with the scheme that would release cash without collateral.
India’s banking system is known for being risky. Many people are still skeptical of it. However, if you look at the banking system carefully, you will find that it has actually improved in the last couple of decades.
Earlier, a bank had many problems, such as high rates of bad loans. However, in recent years, this has changed dramatically. Banks are taking greater risks with fewer chances of making losses.
This is because the government has been forcing them to take higher risks. They have also been given greater freedom. This means that banks can do whatever they want to make money. They can even lend out money that doesn’t have any collateral.
Harshad Mehta’s Social Life
Harshad Mehta is widely popular as an entrepreneur, Businessman, and stockbroker. His social life was full of stardom and prominence. That being said, he was named the stock market’s Amitabh Bachchan.
If you are thinking about starting a business, you should know that there are many things that you should consider. Some of the factors you should consider include the kind of business you want to start.
In other words, you need to think about what you want to do. You should also decide how much money you want to invest in the business.
You will need enough capital to run your business. Next, you will need to identify the location where you want to operate.
You must choose a location where you will have customers and where you can sell your product or service. Another thing that you should do is figure out who you can hire to help you with your business.
Harshad Mehta Hobby
Harshad Mehta’s Failure In Life
Technically Harshad Mehta’s failure was he chose to source money from money markets to share markets. He used to be a good leader in stock marketing, but he played with people who trusted him blindly.
Money markets are one of the oldest types of funds. They’re considered very risky and volatile. But they can be helpful if you are looking to invest in stocks that are very risky. However, the problem with money markets is that they offer very little return on investments.
As a matter of fact, they haven’t considered investment opportunities. That means that you won’t make any profit with them. On the other hand, share markets are considered to be safer and less risky.
So, if you want to invest in safe and stable investments, you should use share markets. That is why many people have chosen to invest in share markets because they offer higher returns than other forms of investments. People tend to look at share markets as the safest way to invest.
Harshad Mehta Inspiration for all
Though Harshad Mehta was accused of fraud with the BSE and Indian securities industry, he had promised to return all the money by himself. The state bank of India issued him around 475 million. Also, his brother is estimated to be associated with his scheme.
There have been so many scams in the stock market and the financial markets over the past decades. Harshad Mehta wasn’t the only one involved. Many other people have also been accused of scams. When you invest, there is a chance that you could lose money.
Some scammers use fraud tactics to trick unsuspecting people out of their money. These fraudsters promise investors with high returns. They use different kinds of methods to make you think that your investments are safe.
Some of the most common scams include stock trading scams, Ponzi schemes, pyramid schemes, and pump-and-dump scams. There are also so many other scams involving fraud. You need to be careful when investing in stocks. There are lots of scams in the stock market.
In this article, we’ve talked about Harshad Mehta’s net worth and his full biography. The wealthiest businessman in India, Harshad Mehta, was caught in fraud and was issued with confinement. Though he died in prison of a heart attack in 2001(31st December).
When we talk about business owners and their income sources, we usually focus on those who make millions.
But there is another kind of business owner whose primary source of income is not from selling products or services.
These people may have many employees, but the vast majority of their earnings come from what they get by selling their company. We hope the article “Harshad Mehta Net Worth, Biography, Education, Career, Family” was helpful.
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