Name | Atur harshad mehta |
Age | 40 |
Gender | Male |
DOB | 1980 |
Nationality | Indian |
Net worth | 2-3 crores |
Qualification | Graduation |
Profession | Investor |
About Harshad Mehta
You might not have heard of Atur Harshad Mehta, but he has made a lasting impact on the Indian financial markets. He was born into a Jain family in Mumbai and his father had an import-export business. Despite limited family resources, Atur was determined to pursue his dreams and worked hard to finance his studies.
Atur was born into a small business family and grew up in Mumbai. His father owned an export-import business and his mother was a homemaker. Growing up, he developed an interest in finance and economics. He studied commerce at the Xavier Institute of Management and Research in Bombay (now known as Mumbai) and obtained a degree in banking and finance.
Atur began his career as a stockbroker and soon rose to prominence in the Indian stock market. He became famous for using loopholes in the system to manipulate the stock prices of some companies listed on the Bombay Stock Exchange (BSE). His activities caused a huge surge in activity on the markets, leading to what came to be known as India’s “Harshad Mehta scam“. At one point, he reportedly held nearly 7% of all capitalization on the BSE.
Atur Harshad Mehta earned millions from his activities which enabled him to lead an affluent lifestyle. By all accounts, he was said to have had assets worth over $200 million before being investigated by authorities for alleged financial wrongdoing. Unfortunately, his wealth decreased drastically when authorities forced him to repay some of the money that he had allegedly obtained illegally.
Early Life
Atur Harshad Mehta was born in 1960 in a Gujarati Jain family of traders located in Mumbai. He went on to study at Jai Hind College where he mastered subjects such as economics and finance, laying the foundation for his career as a financier. His keen understanding of the markets allowed him to swing deals with ease, giving him an advantage over other stockbrokers.
Personal & Family Life
While not much is known about Atur Harshad Mehta’s personal life and family members, it is known that he had two sons – Ashwin and Bhavin Mehta – both of whom are now successful entrepreneurs.
Career & Net worth
Atur began trading stocks at an early age, but it wasn’t until 1987 that he truly made a name for himself when he got involved in what became known as The Big Bull scandal or ‘Harshad Mehta Scam’ – which involved large-scale misuse .
Personal Life
Atur Harshad Mehta was an Indian stockbroker who is widely remembered for his role in the 1992 securities scam. He was convicted and later imprisoned in 1998 as a result of a Central Bureau of Investigation (CBI) investigation.
Mehta was born in Bombay, India on April 29th, 1955. He had two younger brothers and he grew up relatively poor. Despite his humble beginnings, he had a natural talent for stock trading and by the mid1980s he had become one of India’s top traders.
:In 1990, Mehta married Jyoti who was from PuneIndia. At that time he was already extremely successful and wealthy due to his stock trading skills. Together they had two children — Abhilash and Shweta — who later attended law school in the US and UK respectively.
Family: Mehta’s family included his father Gokalbhai, mother Shantaben, two younger brothers Ashokbhai and Sudhirbhai and two children Abhilash and Shweta with Jyoti. His family initially flourished on Atur’s success as a stock trader with three of them working with him at some point in their life. However, his family suffered a great tragedy when Gokalbhai died suddenly in 1998 due to a brain hemorrhage shortly before Atur’s imprisonment.
Family
Atur Harshad Mehta is a business magnate, financier and a former stockbroker. Born in 1959, Atur began his career at the age of 18 when he joined his father’s business. The rest, as they say, is history. His fame for being the “Big Bull” of the Indian stock market soon followed post his remarkable stint with the Bombay Stock Exchange (BSE). He was viewed as the face of business and finance during the 1990s and has been subject to much media attention after several cases related to alleged financial wrongdoings were filed against him.
Atur is married to Tulsi Mehta and has three children: Aarti Mehta (daughter), Harshad Mehta (son) and Dhiren Mehta (son). Despite allegations against him regarding insider trading, forgery and wrongful use of funds, Atur continues to serve as an inspiration for aspiring businessmen in India due to his work ethic which include hard work and dedication and his philanthropic endeavors. In addition to giving back generously towards charity causes such as environmental conservation, animal welfare.
In 1992, Mehta began using illegal means to manipulate stocks on BSE leading him to accumulate millions of dollars in profits by malpractices like insider trading and ramping up prices of weak shares. As a result of these activities, Mehta became known as the ‘Big Bull’ of India’s brightened securities industry during late 90s and early 2000s. His success made him one of India’s most
Net Worth
Due to Mehta’s numerous alleged financial crimes, it is difficult to accurately estimate his net worth without taking into account any money he may have obtained illegally or through fraudulence. Despite this difficulty in calculating his true value.
Harshad Mehta’s Scam
Mehta’s techniques included having corrupt officials sign fake cheques, exploiting market loopholes, and fabricating data to drive stock prices up to 40 times their original value. Stock traders who profited from the scheme were able to obtain unsecured loans from banks fraudulently.
Conclusion
Atur Harshad Mehta was an Indian stockbroker and one of the most famous financial wizards of his time. A selfmade financial magnate, Mehta brought about a major shift in the dynamics of trading and investing in the country. He rose to fame with his involvement in the 1992 securities scam, for which he was later found guilty and convicted.
Mehta’s early life was full of hardship and he struggled for a long time to make ends meet. Despite these obstacles, he still managed to make something out of himself through sheer determination and hard work. After dabbling in selling insurance policies, he eventually found success in the stock market as a stockbroker. His knowledge of securities trading proved invaluable, as it enabled him to generate massive returns from small investments. This eventually led him to becoming one of India’s leading stockbrokers in the early 1990s.
While many people viewed Mehta as a financial wizard, his personal life was fraught with controversy and scandal due to his often aggressive tactics when it came to investing. Despite this, Mehta had managed to build an impressive personal net worth due to his financial expertise and business acumen. At the peak of his career, his estimated net worth was around Rs 2 crore (US$280 million).
In addition to making money for himself, Mehta also had a huge impact on the Indian markets at large. His pioneering methods triggered a whole new wave of investment opportunities that attracted both domestic and foreign investors alike into India’s booming economy during this period. In doing so, he helped shape India’s steady economic growth over the next decade until his death in 2001.
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Frequently Asked Questions
Ans– Attur Harshad Mehta, the son of famous Indian stockbroker Harshad Mehta, is an entrepreneur, investor and businessman. He is the current Chairman of Unicon Investment Solutions Limited and has also served as a Director at Bombay Stock Exchange Limited for four years.
Along with his brother Bhupendra Mehta, he co-founded Unicon in 2005 with the intention to provide financial advice and guidance to companies looking to raise capital in both international and domestic markets. Hehas since gone on to successfully expand Unicon’s portfolio by investing in numerous venture capital funds, real estate transactions and private equity investments.
In addition to his business pursuits, Attur has been involved in several philanthropic activities such as running a school for underprivileged children in Mumbai’s slums area as well establishing donation campaigns for helping victims of natural disasters across India.
Ans – It is known that Ashwin Mehta is a renowned lawyer, who has been involved in some major cases including Satyam Computers and Harshad Mehta scam. He was also awarded among the “100 Most Influential Lawyers in India” by Businessworld magazine.
However, as far as his wealth is concerned, there is no verified information regarding it. Although it can be assumed from his past successes that he might still be wealthy and prosperous, nothing has been said to confirm this speculation officially.
Ans– Ashwin Mehta is currently a lawyer practicing at the High Court and Supreme Court of Mumbai. He obtained his law degree in his mid-50s, and since then he has been actively practicing before both the Mumbai High Court and Supreme Court.
As an attorney, Ashwin Mehta provides legal counsel to clients in various matters including civil and criminal cases as well as contract, property and corporate law. He also regularly appears before the court to present arguments on behalf of his clients. In addition to this, Ashwin Mehta continues to stay abreast with all legal developments so that he can effectively advise clients regarding their rights.
Ans– In 1992, India was hit by a devastating financial scam, which had an immense impact on the stock market and its investors. Reports revealed that the losses incurred from this scam were estimated to be around 40% of the entire market value; equivalent to an astronomical ₹1,000 billion or approximately $22 billion USD.
This event resulted in far-reaching repercussions for India’s economy, as it necessitated authorities to reevaluate existing financial systems and restructure them in order to ensure greater protection for citizens against any potential future scams or financial losses.
Ans -It’s been more than two decades since the passing of Big Bull Harshad Mehta, the infamous stockbroker who was arrested in the early 90s for his involvement in the securities scam that shook India’s financial markets. His wife, Jyoti Mehta, has just broken her long silence by launching a website dedicated to defending her late husband’s legacy.
Located at https://www.harshadmehta.in/, it serves as an online memorial of sorts to commemorate his life and work, as well as to provide a comprehensive overview of the events leading up to his death in police custody on December 30th, 2001.
