Harshad Mehta Case Study

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Ridhima Bhatia B-31 Early life- Harshad Shantilal Mehta was born 29th July 1953 to Shantilal Mehta, a very small businessman, and Rasilaben Mehta (a housewife) in lower middle class Gujrati Jain family. He was born in Paneli moti, Rajkot District. He has two younger brothers-Ashwin and Sudhir. His early years were spent in Mumbai and he lived in a small rented flat in Ghatkopar. He later shifted to Raipur with his family after doctors advised his father to move to a drier place as the humid weather of Mumbai did not suit him. Education- He was educated in Holy Cross Higher Secondary school from …show more content…

Current status of GrowMore Research And Assets Management Ltd is - Dormant. It has not been a part of any financial transactions and has not reported annual filings to the registrar in the last 3 years. The company has 0 directors now and falls under the jurisdiction of the Registrar of Company-Mumbai. Rise of Harshad Mehta- While a brokers card at BSE was being auctioned which is like a membership card required to trade in the exchange, Harshad Mehta’s company made a bid for the same with financial assistance and help from Shah and Sheth, who were Harshad's previous broker mentors as hefty premiums have to be paid at times. They got the brokers card and by the end of the eighties the media started projecting him as "Stock Market Success", "Story of Rags to Riches" and he too started to fuel his own publicity. He went on to marry girl named Jyoti and had a son named Atur Mehta. By 1990, Mehta became a prominent name in the Indian stock market. He started buying and trading in shares heavily. The shares of Companies in which he was most interested were: - Associated Cement Co.

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