Harshad Mehta House Address Image And Video

Mr. Harshad Mehta the Big Bull of the Mumbai Stock Exchange has ruled the market of shares and stocks. There was a time when the national stock exchange was at his mercy and he used to be on prime-time television with his scam in the year 1992. The wealth that he amassed was in huge numbers, investors' money that was lost was in huge numbers and the number of cars, and properties he purchased was in huge numbers. What he lost was credibility as people do not have any trust in his name. Gaining popularity through hard work and enthusiasm leads to making money but siphoning money through different means does not give any importance. However, if you ask today’s generation the perception has changed as money rules the charts and the order in life is to stay ahead anyhow. So, any scam or scamster is given due importance and tabloids also speak better about them whether they find themselves in jail or at the mercy of people. So, one could say that if Mr. Harshad Mehta had been popular with his scam in the current scenario then he would have been a national icon. It is because people do not enjoy the growth of others but find ways to demean others which begin from your own home.

Mr. Harshad Mehta was a man who stood against all odds to defy his poor image, fight against it, and grow in life. He grew up in Gujarat and later relocated to Mumbai as he completed his education. He did try several sales jobs and then got it at National India Assurance Company Limited. He transformed himself from a businessman to an Indian stockbroker. He soon dominates the Indian stock market during the 1990s. He just began to study stocks and worked with the brokerage firm. He got all his knowledge from his mentor and guru Prasann Pranjivandas. He further worked with several brokerage firms and got a high position in terms of ranks in ten years. In the 1990’s hen earned the reputation as Big Bull of Dalal Street and Mr. Amitabh Bachhan of the Indian stock market. He elevated his lifestyle to luxurious developments and his net worth saw a staggering peak amount of Rs 3542 Crores. With reaching the height of stock broking career his net worth reached a height of more than USD 400 Million.

People from earlier generations are aware of the scam in 1992 which was initiated by Mr. Harshad Mehta. Although the current generation can understand in depth from the web series Scam 1992, The web series about one of the biggest scams in Indian history has all the details about the rise and fall of stockbrokers. His name Harshad Shantilal Mehta has come up with a huge number of residences in Mumbai. His property comes up as eight interconnected flats at Madhuli Society in Mumbai. It is a sea-facing apartment that is spread over two floors of society. His home is one of his prized possessions and has a huge number of amenities. It has with private swimming pool, mini theatre, billiards room, and many other in-house developments. His property is with all opulence and is well-equip with high-end amenities which is a dream of many. 8 of the apartments were combined to create homes for his joint family. He lived in the house with his mother, son, wife, and brothers. He has got huge fan following and was an iconic personality. He owns a fleet of 10 to 20 cars.

Harshad Mehta Other Houses and Offices in Mumbai

His luxurious apartment in Worli is not the only expensive development he possesses. He has two
more properties one of the posh locations in Mumbai. It is at Vandana CHS o Jnaki Kutir road.. His two apartments are with 301, and 202 flat numbers with a built-up area of 1150 sq ft. It offers a beautiful sea view. He owns a company as Growmore Research and Assets Management Office. It is at Nariman Point the iconic address with office at Maker Chambers. The office is spread over an entire floor and is considered to be one of the most expensive locations.

Notable details about Harshad Mehta

His birth date is 29 July 1956. The place of bith is Rajkot, Surat. He has a son Aatur Harshad Mehta. His wife is Jyoti Mehta. His brothers are Sudhir Mehta, Ashwin Mehta, and Hitesh Mehta. His parents are Shantilal Mehta and Rasilaben Mehta. His net worth is approximately Rs 3542 Crores. His house is with luxurious flats in Madhuli Housing Society. He died on 31 December 2001 at Thane at an age of 47 years.

Harshad Mehta's Net Worth in the 1990s

Harshad Mehta who has changed his life fortune on his own is a self-made millionaire. He together with his brother Ashwin used to run a business. Although he is no more and left for a heavenly abode he is estimated to build a huge net worth. His net worth when he was alive was an estimate of nearly $ 475 Million. It is with a rough estimate of Rs 3542 Crores. His wealth saw an enormous increase when he was at the pinnacle of stockbroking. However, lots of people got huge losses due to the scam done by him.

Luxurious Car Collection by Harshad Mehta

Mr. Harshad Mehta fancied cars as he carried an expensive taste. He purchased many high-end
properties that were movable and immovable. It includes his pricier car collection. He has about 20 cars in the early 1990’s. He has some of the most popular cars in his collection. However, his last car purchase attracted journalists attention and it led to his downfall. 

Lexus L5400: Harshad Mehta purchased Lexus L5400 for Rs 45 lakh in the early 1990’s. He becomes the first person in India to own Lexus. The car was not launched in the country at that period.

Fiat Padmini: Fiat Padmini is known to be one of the premium cars. It is 1.1 liter and with 4 cylinders with a cost of Rs 2 Lakh. It was owned by the high and mighty during those years.

Hindustan Motors Contessa: He owned HM Contessa which has a powerful engine. It adds with well defined comfortable drives and offers spectacular exteriors. He purchases it for around Rs 5.90 lakh. 

Family Fates Hang in Balance 

After the sad demise of Harshad Mehta at the age of 47 in the year 2001 his family saw a downfall in business and riches. His family's fortunes swayed although they battled and struggled against charges. He sold hosiery to many other developments restoring legacy was a difficult task. His brother, Ashwin Mehta becomes a high court lawyer and defends many cases for Harshad.

Post-scam disruption that brought the downfall of a family legacy

The scam may have shaken the nation but it equally took away what Harshad Mehta has put as his belongings. It was like washing away with all the development under one big flood from where
nothing comes out intact. His Mumbai home was seized and was auctioned off by the Government. He was arrested for allegedly masterminding the 1992 scam. His property was auctioned for Rs 32.6 crores in 2009. Mr. Ashok Samani purchased it. He is a businessman and stockbroker. His 8 flats were sold and the only one with his mother was spared. The family has to face a huge number of court proceedings. His wife and brother continue fighting against The Tax Tribunal. The Tribunal went on to dismiss Tax demands in 2019. Mr. Ashwin Mehta is a lawyer.

Also Read :

Some of the interesting facts about Sri Harshad Mehta

He was born and brought up in a middle-class family although he changed his fortune by creating
opportunities for him in the stock market.

His schooling was at Ghatkopar and further at Rose Manor Garden School, Santacruz, Mumbai.

In 1964 The Mehta family relocated to Raipur, due to Harshad's Father’s health problems. Here,Harshad and their brother enrolled at Holy Cross High School.

The book The Scam: Who Won, Who Lost, Who Got Away became the base of a web series. Scam 1992 a web series is about Harshad Mehta scam. A Bollywood movie called Big Bull that stars Abhishek Bachchan is also based on Harshad Mehta.   

In 1973, Harshad migrated to Mumbai to pursue a better future. He lived with his uncle and aunt, He was admitted to Lala Lajpat Rai College of Commerce, Worli. He got admitted to it due to his
excellent credentials as cricketer,

He paid a huge amount of tax as rs 25 Crore and also owned a 12,000 sq ft penthouse in Worli.

He formulated the scam between 1991 and 1992. It took the nation by storm and was known to be the biggest scam in that era.

He also claimed that he bribed Prime Minister Mr, P, V, Narasimha Rao of Rs 1 Crore to get out of
the scandal but to no use.

His wife, Jyoti Mehta defended him with the launch of a website to defend Mr, Harshad Mehta his
late husband.