Harshad Mehta the Big Bull of the Indian stock market. He started his career working as a stockbroker. We all know his name for his activities leading to the 1992 Indian stock market scam.
Can you guess what was the net worth of Harshad Mehta at that time? During that time his net worth was ₹3,000 crore.
This blog will give you the proper ideas of Harshad Mehta business overview and net worth.
What is the net worth of Harshad Mehta? Harshad Mehta net worth ranges from ₹3,000 crores to ₹4,000 crores.
Harshad Mehta net worth Overview
| Harshad Mehta net worth | ₹3,500 crore to ₹4,000 crore |
| Aatur Harshad Mehta net worth or Harshad Mehta son net worth | Still unknown |
| Businesses | Stock Trading & Manipulation: Artificially inflated stock prices, particularly of lesser-known companies. |
| Real Estate | Lived in a lavish sea-facing penthouse in Worli, Mumbai. |
| Downfall & Death |
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| Family |
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What Did Harshad Mehta Do?
Harshad Mehta net worth in rupees is Rs 3,542 Cr. When Harshad Mehta committed the biggest security fraud in India.
Harshad Mehta manipulated the stocks by illegally procuring funds from several high-profile banks like SBI, UCO, and National Housing Bank by using fake bank receipts.
The banking norms did not allow the stock brokers to take funds from banks for all trading purposes.
He connected well with several banks that purchased and sold government securities by using the timeframe.
It is also believed that even if one of his associates asked for the share price of a company stock. Harshad Mehta was remarkably impressed by the success of his scheme.
In Summary
Hope now you get the ideas of Harshad Mehta net worth and his business ventures. Comment back to us and share if you want to add up any extra points through the comment section.
