Harshad Mehta was an Indian stock broker, fabled for his Indian share market scam of 1992 (India’s Biggest stock market scam).
He was born on 29 July 1965 in a Gujrati family. His father Shantilal Mehta was a small businessman.
After earning a degree in B.Com in 1976 from Lajpatrai College, Mumbai, he started hunting for odd jobs for the next couple of decades.
During his early career he did various jobs related to attempting to sell cement, diamonds, etc.. He got curious at the Currency Markets when he started his own career as a salesman in New Indian Assurance Company Limited (NIACL).
Initially, he was employed like a jobber in Harjivandas Nemidas Securities broker firm. He regarded Prasann Pranjivandas Broker as his Guru’.
Jyoti Harshad Mehta
Jyoti and Harshad got married at a very young age, so it is no surprise that she was by his side when he started his job in sales and became a stock broker after working several odd jobs in various businesses for a long time. She was a homemaker at that time, however, after the CBI arrested her husband 1992 for the scam, she stepped up to earn money for her family.
Afterall, Jyoti had a boy to take care of. Unfortunately her personal life didn’t improve, also, after nine years, she lost Harshad to sudden heart attack while he was still under criminal custody in Thane prison.
After Harshad’s demise, Jyoti got dragged into a series of legal conflicts to return the money that her husband owed . According to reports, after 27 years of court proceedings, the Income Tax Appellate Tribunal scrapped almost the entire tax requirement which has been on Harshad, his wife, Jyoti, along with his brother, Ashwin, of more than 2000 crore. Both were instructed to pay the amount however, these certainly were finally free of the tax cloud.
In the same year, i.e., 2019, Jyoti won a case against Federal Bank and stockbroker Kishore Janani who owed approximately six crore rupees to Harshad since 1992and since Jyoti is his only real beneficiary, she is entitled to obtain the whole amount along with 18% interest. Some recent reports have claimed that Jyoti and her son, Atur, have left their home in Mumbai, India, and are living in the United States of America, to make a fresh start and get away from most of the media scrutiny.
Since none of it is confirmed, it remains just a rumor at this point of time. Jyoti has no trace of her personal or professional life on any social media platform. She refuses to speak with any publication concerning theou bubu scam or what followed afterwards, therefore resulting in limited media coverage. It appears as though Jyoti wants to move on from the past and spend her days away from prying eyes while staying in close proximity of her close friends, family and loved ones.
Harshad Mehta had only one child, Atur Mehta (or Aatur), who, like his dad, is a Indian entrepreneur, investor, and entrepreneur established in Mumbai, India. Even though he is famous to be the son of the man who was the mastermind behind the 1992 Indian securities scam, Atur himself, is a master stockbroker who favors to live a life away from the public eye.
In fact, Atur is not on any social media platform and keeps his head low. There’s absolutely no concrete available data on him. Nobody even knows exactly when he came to be or how old he was when his dad died of a sudden heart attack in 2001. Atur does not give interviews, refuses to make public appearances and prefers to have his face not known, only hoping to move on from his past.
“The board of supervisors of the organization has given its approval to…enter into an agreement to be accomplished with the provider, the promoters of their company with Aatur Harshad Mehta and Sanalkumar Kizhepata Menon to the cost of 1.45 million equity stocks each,” Fair Deal Filaments announced in 2018.
Many articles say that Atur, a graduate of an exclusive school, has set up his own business within the city, but what he can, or the field he could be in, no one knows. On account of the common name, people started linking Harshad Mehta’s kid together with all the Atur Mehta who’s the Co-Founder and also CTO of a company called Square Off, that is situated in Mumbai.
However, after growing tired of the comparison and questions, the latter took to social media to clarify that he is, in fact, not the son of Lt. Harshad Mehta and that he is in no way related to the family. What’s more, when it comes to Atur, a few claim he and his mother, Jyoti, have since moved to the United States, where they hope to start a new life for themselves and escape from all of the negative attention. However, due.to to lack of evidence to this information, it remains to be a mere speculation.
Ashwin Mehta was born in Paneli Moti, Rajkot district to a Gujarati family. His early life had been spent in Kandivali, where his dad owned a small-scale textile business. Later, the family moved to Rajpur, Madhya Pradesh, where Ashwin attended Holy Cross Byron Bazar School alongside his brothers. Ashwin’s net worth is reported to be approximately 25 to 30 crore according to Dreshare.
According to Scoopwhoop, Ashwin Mehta, in the mid-50s, earned his degree in law enforcement and has been a lawyer in Mumbai High Court and Supreme Court. As stated by the outlet, he was also a stock broker and worked closely with his brother, Harshad Mehta. While the legal case against Harshad was subsided soon after his departure,Ashwin reportedly was fighting the legal battle up till 2018. After the long fought legal battle, he was cleared by the court.