Harshad Mehta Net Worth in 1990
Harshad Mehta was an Indian stockbroker whose wealth peaked around 1990 during a speculative boom in the Bombay Stock Exchange. At that time, his net worth was estimated at several billion rupees, making him one of the most visible figures in the Indian equity market.
Sources of Wealth
Mehta gained prominence by exploiting loopholes in the banking system, using fraudulent bank receipts to mobilize funds for stock market purchases. His aggressive buying drove up prices, especially in blue-chip stocks, and his personal portfolio and associated holdings grew rapidly during 1990.
Aftermath and Legacy
The 1992 securities scam exposed large-scale fraud and led to investigations that revealed the scale of Mehta’s operations. While precise figures remain debated, his case highlighted systemic weaknesses in India’s financial regulation. For background on the scam and regulatory response, refer to the Reserve Bank of India.
