Harshad Mehta Net Worth, Age, Height, Bio, Birthday, Wiki!
James Craig
Updated on January 10, 2026
Explore Harshad Mehta net worth, age, height, bio, birthday, wiki, and salary! In this article, we will discover how old is Harshad Mehta? Who is Harshad Mehta dating now & how much money does Harshad Mehta have?
Harshad Mehta Biography
Harshad Mehta is one of the most popular and richest Businessman who was born on July 29, 1954 in Rajkot, Gujarat, India.
Mehta tried his hand at various jobs, often related to sales, including selling hosiery, cement, and sorting diamonds. Mehta started his career as a sales person in the Bombay office of New India Assurance Company Limited (NIACL). During this time, he got interested in the stock market and after a few days, resigned and joined a brokerage firm. In the early 1980s, he moved to a lower level clerical job at the brokerage firm Harjivandas Nemidas Securities where he worked a jobber for the broker Prasann Pranjivandas Broker who he considered his “Guru”. Over a period of ten years, beginning 1980, he served in positions of increasing responsibility at a series of brokerage firms. By 1990, he had risen to a position of prominence in the Indian securities industry, with the media (including popular magazines such as Business Today) touting him as “The sunny deol of the Stock market”.
In 1984, Mehta was able to become a member of the Bombay Stock Exchange as a broker and established his own firm called GrowMore Research and Asset Management, with the financial assistance of associates, when the BSE auctioned a broker’s card. He actively started to trade in 1986. By early 1990, a number of eminent people began to invest in his firm, and utilize his services. It was at this time that he began trading heavily in the shares of Associated Cement Company (ACC). The price of shares in the cement company eventually rose from Rs. 200 to nearly 9000 due to a massive spate of buying from a set of brokers including Mehta. Mehta justified this excessive trading in ACC shares by stating that the stock had been undervalued, and that the market had simply corrected when it revalued the company at a price equivalent to the cost of building a similar enterprise; the so-called “replacement cost theory” that he had put forward.
| Name | Harshad Mehta |
| First Name | Hortensia |
| Last Name | Arzapalo |
| Occupation | Businessman |
| Birthday | July 29 |
| Birth Year | 1954 |
| Place of Birth | Rajkot |
| Home Town | Gujarat |
| Birth Country | India |
| Birth Sign | Leo |
| Full/Birth Name | |
| Parents | Rasilaben Mehta, Shantilal Mehta |
| Siblings | Ashwin Mehta, Sudhir Mehta, Hitesh Mehta |
| Spouse | Jyoti Mehta |
| Children(s) | Aatur Harshad Mehta |
Ethnicity, religion & political views
Many peoples want to know what is Harshad Mehta ethnicity, nationality, Ancestry & Race? Let's check it out! As per public resource, IMDb & Wikipedia, Harshad Mehta's ethnicity is Not Known. We will update Harshad Mehta's religion & political views in this article. Please check the article again after few days.
Up to the early 90s, banks in India were not allowed to invest in the equity markets. However, they were expected to post profits and to retain a certain ratio (threshold) of their assets in government fixed interest bonds. Mehta cleverly squeezed capital out of the banking system to address this requirement of banks and pumped this money into the share market. He also promised the banks higher rates of interest, while asking them to transfer the money into his personal account, under the guise of buying securities for them from other banks. At that time, a bank had to go through a broker to buy securities and forward bonds from other banks. Mehta used this money temporarily in his account to buy shares, thus hiking up demand of certain shares (of good established companies like ACC, Sterlite Industries and Videocon) dramatically, selling them off, passing on a part of the proceeds to the bank and keeping the rest for himself. This resulted in stocks like ACC (which was trading in 1991 for Rs. 200/share) to nearly Rs. 9000 in just 3 months.
Harshad Mehta Net Worth
Harshad Mehta is one of the richest Businessman from India. According to our analysis, Wikipedia, Forbes & Business Insider, Harshad Mehta's net worth $5 Million. (Last Update: December 11, 2023)
Harshad Shantilal Mehta was born on 29 July 1954, at Paneli Moti, Rajkot district, in a Gujarati Jain family.His early childhood was spent in Kandivali, Bombay (present-day Mumbai), where his father was a small-time businessman. Later, the family moved to Raipur’s Modhapara, Madhya Pradesh (Capital City of Chhattisgarh) where Mehta studied in Holy Cross Byron Bazaar Higher Secondary School. A cricket enthusiast, Mehta did not show any special promise in school and came to Bombay after his schooling for studies and to find work. Mehta completed his B.Com in 1976 from Lajpatrai college Bombay and worked a number of odd jobs for the next eight years.
| Net Worth | $5 Million |
| Salary | Under Review |
| Source of Income | Businessman |
| Cars | Not Available |
| House | Living in own house. |
In criminal indictments later brought by the authorities, it was alleged that Mehta and his associates then undertook a much broader scheme, which resulted in manipulating the rise in the Bombay Stock Exchange. The scheme was financed by supposedly collateralised bank receipts, which were in fact uncollateralised. The bank receipts were used in short-term bank-to-bank lending, known as “ready forward” transactions, which Mehta’s firm brokered. By the second half of 1991 Mehta had earned the nickname of the “Big Bull”, because he was said to have started the bull run in the stock market. Some of the people who worked in his firm included Ketan Parekh, who later would be involved in his own replicate scam.
He was arrested and banished from the stock market with investors holding him responsible for causing a loss to various entities. Mehta and his brothers were arrested by the CBI on 9 November 1992 for allegedly misappropriating more than 2.8 million shares (2.8 million) of about 90 companies, including ACC and Hindalco, through forged share transfer forms. The total value of the shares was placed at ₹ 2.5 billion (US$35 million).
Height, Weight & Body Measurements
Harshad Mehta height Not available right now. Hortensia weight Not Known & body measurements will update soon.
| Height | Unknown |
| Weight | Not Known |
| Body Measurements | Under Review |
| Eye Color | Not Available |
| Hair Color | Not Available |
| Feet/Shoe Size | Not Available |
During this period, especially in 1990–1991, the media portrayed a heightened deified image of Mehta, calling him “The Big Bull”. He was covered in a cover page article of a number of publications including the popular economic magazine Business Today, in an article titled “Raging Bull”. His flashy lifestyle of a sea facing 15,000 feet penthouse in the tony area of Worli complete with a mini golf course and swimming pool, and his fleet of cars including a Toyota Corolla, Lexus Starlet, and Toyota Sera were flashed in publications. These further exemplified his image at a time when these were rarities even for the rich people of India.
Harshad Mehta was an Indian stockbroker, well known for his wealth and for having been charged with numerous financial crimes that took place in the 1992 securities scam.
Who is Harshad Mehta Dating?
According to our records, Harshad Mehta married to Jyoti Mehta . As of December 1, 2023, Harshad Mehta’s is not dating anyone.
Relationships Record: We have no records of past relationships for Harshad Mehta. You may help us to build the dating records for Harshad Mehta!On 23 April 1992, journalist Sucheta Dalal exposed Mehta’s illegal methods in a column in The Times of India. Mehta was dipping illegally into the banking system to finance his buying.
Facts & Trivia
Hortensia Ranked on the list of most popular Businessman. Also ranked in the elit list of famous people born in India. Harshad Mehta celebrates birthday on July 29 of every year.
Mehta again raised a furor on 16 June 1993 when he made a public announcement that he had paid Rupees 1 Crore to the then Congress president and prime minister, Mr P.V. Narasimha Rao, as donation to the party, for getting him off the scandal case.
What was Harshad Mehta net worth at his peak?
Reportedly, Harshad Mehta net worth when he was alive was estimated to be nearly $475 Million, which could be roughly converted into INR 3542 Crores.
How did Harshad Mehta get caught?
Outbreak of 1992 securities fraud On 23 April 1992, journalist Sucheta Dalal exposed illegal methods in a column in The Times of India. Mehta was dipping illegally into the banking system to finance his buying. A typical ready forward deal involved two banks brought together by a broker in lieu of a commission.
Why Harshad Mehta is called Big Bull?
Mehta had what people could consider a rags to riches story: from being a mere immigrant to the city to becoming a renowned stock broker in BSE. He was called the ‘Big Bull’ after resounding success with his Grow More Research and Asset Management firm after many a series of odd jobs.
Is Big Bull based on Harshad Mehta?
The Big Bull is a 2021 Indian Hindi-language financial thriller film directed and written by Kookie Gulati, based on stockbroker Harshad Mehta who was involved in financial crimes over a period of 10 years during 1980–1990. The film stars Abhishek Bachchan, Ileana D’Cruz and Nikita Dutta.
Who was the highest tax payer in India in 1992?
“I don’t create waves, I ride them”; and who paid an advance tax of Rs 26 crore, becoming the biggest individual taxpayer in the country—bigger than Dhirubhai Ambani.
You may read full biography about Harshad Mehta from Wikipedia.
