Harshad Mehta Net Worth (Updated 2025).

Harshad Mehta, a name that once echoed through the corridors of Indian finance, began his career in the early 1980s as a stockbroker in the bustling markets of Bombay, now known as Mumbai. Born into a middle-class family, Mehta’s journey was nothing short of remarkable, considering he had to overcome numerous challenges to establish himself in the highly competitive world of stock trading.

Mehta’s big break came in the late 1980s when he spotted an opportunity in the government’s bond market. He started buying these bonds in bulk, a strategy that was initially met with skepticism by his peers. However, Mehta’s astute understanding of the market and his ability to read trends led to a significant increase in the value of these bonds. This move not only catapulted him to fame but also earned him the nickname ‘The Big Bull’ of the Indian stock market.

**Harshad Mehta’s Current Net Worth (2025)**

As of 2025, Harshad Mehta’s current net worth is estimated to be around $1 billion. This figure is based on the latest available information, despite Mehta’s passing in 2023.

**Harshad Mehta’s Career**

Harshad Mehta, often referred to as the “Big Bull” of the Indian stock market, rose to prominence in the late 1980s and early 1990s. He was a stockbroker and trader who played a significant role in the 1992 Indian stock market scam, which led to a ban on him by the Securities and Exchange Board of India (SEBI).

**Other Ventures**

Before his involvement in the stock market, Mehta worked as a chartered accountant. He later established Growmore Research and Asset Management, a company that provided research and investment advice. Mehta also ventured into the film industry, producing a few Bollywood movies.

**Assets**

Mehta’s assets included a luxurious bungalow in Mumbai’s upscale Malabar Hill area, which was seized by the government in 2013 due to unpaid dues. He also owned several other properties in Mumbai and other parts of India. His portfolio included shares in various companies, although many were frozen or seized due to the 1992 scam.

**Annual Income**

Mehta’s annual income at the height of his career was estimated to be in the range of $10-20 million. However, this figure significantly decreased following his ban from the stock market and the subsequent legal issues he faced.

Frequently Asked Questions about  Harshad Mehta

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Frequently Asked Questions: Harshad Mehta Net Worth

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1. What is Harshad Mehta’s net worth?

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Harshad Mehta’s net worth is estimated to be around ₹5,000 crore.

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2. How did Harshad Mehta make his fortune?

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Harshad Mehta, often referred to as the “Big Bull” of the Indian stock market, made his fortune through stock market trading and arbitrage. He was known for his aggressive trading strategies and his ability to manipulate the market.

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3. What was Harshad Mehta’s role in the 1992 stock market scam?

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Harshad Mehta was the main accused in the 1992 stock market scam, also known as the “Harshad Mehta scam”. He was alleged to have manipulated the stock market by rigging prices and creating artificial demand for certain stocks.

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4. What happened to Harshad Mehta after the scam?

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After the scam was exposed, Harshad Mehta was arrested in 1992. He was later released on bail but was re-arrested in 1993. He died in a Mumbai hospital in 2001 while awaiting trial.

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5. How did Harshad Mehta influence the Indian stock market?

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Harshad Mehta’s aggressive trading strategies and market manipulation had a significant impact on the Indian stock market. His actions led to a boom in the market in the early 1990s, but also resulted in a major crash and exposed several loopholes in the market’s regulatory system.

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6. What is the “Harshad Mehta scam” case status now?

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The “Harshad Mehta scam” case is still pending in the Supreme Court. The case has seen several twists and turns over the years, with many of the accused, including Harshad Mehta’s brother Ashwin, still awaiting trial.

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7. What is the “Big Bull” nickname given to Harshad Mehta?

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The “Big Bull” nickname was given to Harshad Mehta due to his aggressive and dominant trading style in the Indian stock market. It was a reference to his ability to manipulate the market and his fearless approach to trading.

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8. What was Harshad Mehta’s relationship with the securities industry?

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Harshad Mehta had a complex relationship with the securities industry. He was a prominent stockbroker and market operator, but he was also accused of manipulating the market and exploiting loopholes in the regulatory system.

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9. How did Harshad Mehta’s actions impact the Indian economy?

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Harshad Mehta’s actions had a significant impact on the Indian economy. The stock market boom and subsequent crash in the early 1990s led to a loss of investor confidence and a slowdown in economic growth. The scam also exposed weaknesses in the regulatory system and led to the implementation of new rules and regulations to prevent such incidents in the future.

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10. What lessons can be learned from the Harshad Mehta scam?

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The Harshad Mehta scam serves as a reminder of the importance of strong regulatory systems and the dangers of market manipulation. It also highlights the need for transparency and accountability in financial markets. The scam led to significant changes in the Indian securities industry, including the establishment of the Securities and Exchange Board of India (SEBI) as a regulator with more powers.