Harshad Mehta House in Worli Mumbai

December 20, 2023 | Indextapadmin

We'll take you on an exciting adventure with the Big Bull of India today and provide you with all the information you need to know about his home, family, wealth, and opulent lifestyle. In addition to being a successful businessman, Harshad Mehta was the world's most skilled manipulator of the stock market. His extraordinary life story was turned into the screenplay for a web series and a Bollywood film. He possessed some of the priciest cars and was one of the richest men in India at the height of his career. 

In the 1990s, the late Harshad Mehta transformed from a businessman and Indian stockbroker to one of the industry's titans. He became the talk of the town and revolutionized the Indian stock market. Due to his opulent lifestyle and his properties in Mumbai, Harshad Mehta became a well-known stockbroker in India. 

Call him what you will: an expert stock picker, a fallible genius, or a hustler who knows how to take advantage of holes in the system. Nevertheless, no stockbroker in the Indian stock market will ever have the kind of enormous fan base that Harshad Mehta had. 

Journey of Harshad Mehta and his Houses

We inspect the home and other properties owned by Harshad Mehta. Let's take a deeper look at the man he was and his amazing journey first. 

The Story About Harshad Mehta

If you use social media, you've probably heard of or seen the 2020 release of the well-liked web series Scam 1992. The renowned Harshad Mehta was the mastermind of one of the largest scams in Indian history, which served as the inspiration for the web series. 

Gujarati stock market broker Harshad Mehta, also known as Harshad Shantilal Mehta, was born in Rajkot in 1954. The man lived a modest life in Gujarat before moving to Mumbai to finish his schooling. He worked as a salesperson for a number of companies before relocating to Mumbai and joining New India Assurance Limited (NIACL). 

After leaving the position in the 1980s, he joined a brokerage firm where he met Prasann Pranivandas and gained a great deal of knowledge about the stock market. "Big Bull" and "Amitabh Bachchan of the Indian stock market" were the titles he received after learning from him and making his mark in the stock market.  

Mehta was renowned for taking calculated risks and for never letting them stand in the way of his ascent to wealth and the establishment of his empire. 

House of Harshad Mehta in Mumbai

Are you interested in learning more about India's "Big Bull" and the ultra-wealthy Harshad Mehta's Mumbai home? Allow us to provide you with all the information regarding Harshad Mehta's property, which consists of eight luxurious apartments connected to one another in Madhuli Society, a posh neighborhood in Worli, South Mumbai. The property is a stunning two-story apartment with a view of the sea within a society. 

One of Harshad Mehta's most valuable assets was his Worli, Mumbai, home. The home included a billiards room, a private pool, a mini theater, and many other features. His lavish estate had upscale features that most people could only imagine. 

To accommodate Harshad Mehta's family, the eight apartments that made up his home were combined into one. These apartments added up to a total area of 12,600 square feet. The mother of Harshad Mehta owned an apartment in the society. Living in this house with his mother, wife, son Aatur Mehta, brothers, and their families was the joint family of Harshad Mehta. 

Mehta's large fan base and widespread recognition impressed and made many others envious. In his prime, he even granted the media permission to take pictures on his estate. He also had a fleet of fifteen to twenty vehicles, one of which was an imported Lexus LS 400. He was the only person in the to own a Lexus LS 400

Later, following his incarceration and demise, his home was put up for auction and sold in 2009 for Rs 32.6 Crores. (Source TOI) 

Other Houses and Offices of Harshad Mehta in Mumbai

In addition to an opulent Worli apartment and an array of high-end vehicles, Harshad Mehta's property portfolio consists of two additional apartments in a posh Mumbai neighborhood. The property of Harshad Mehta is located in Vandana CHS on Janki Kutir Road, Juhu. Mehta owns two apartments, Nos. 202 and 301, each of which is 1,150 square feet in size and has a captivating view of the sea.

In addition to his homes, Growmore Research and Assets Management, located in Maker Chambers at Nariman Point, Mumbai, was owned by Harshad Mehta. Mehta's office occupied an entire floor and was situated in one of the priciest areas. 

Facts and Family Details about Harshad Mehta

Harshad Mehta Net Worth

The company was once run by brothers Aswin and Harshad Mehta, a self-made millionaire. Although Harshad Mehta is no longer with us, his brother is thought to have amassed a substantial fortune.

According to reports, Harshad Mehta's estimated net worth during his lifetime was close to $475 million, or approximately INR 3542 crores. At the height of his stockbroking career, his wealth increased dramatically, but many others suffered severe financial losses as a result of the largest scam carried out by Harshad Mehta.

Harshad Mehta's collection of expensive cars

It was well known that Harshad Mehta had upscale tastes. He bought a number of upscale properties, both mobile and immovable, including his expensive collection of cars. Early in the 1990s, Harshad Mehta owned almost twenty cars. Journalists were interested in his most recent car purchase, which ultimately led to his downfall. Among the most well-liked vehicles in Harshad Mehta's collection were these ones: 

Lexus LS400: In the early 1990s, Harshad Mehta paid approximately 45 lakh for a Lexus LS400. Despite the fact that the Lexus had not yet been introduced in India, he was the country's first owner. 

Hindustan Motors Contessa: Harshad Mehta was the owner of HM Contessa as well, which had an amazing exterior, a potent engine, and comfortable driving. The car cost him about Rs 5.90 lakh when he bought it. 

Fiat Padmini: Fiat Padmini was regarded as a high-end vehicle. The 1.1-liter, four-cylinder petrol engine that was used in its development cost Harshad Mehta approximately Rs 2 lakh. 

Unknown Facts Regarding Harshad Mehta 

Here are some fascinating facts about Harshad Mehta in case the details of his house and scam have piqued your interest.

Mr. Shantilal Mehta, a traditional cloth merchant, and his mother, Mrs. Rasilaben Mehta, raised Harshad in a lower middle class household. He was born in Mumbai's Ghatkopar.

After completing his early education in Ghatkopar, Harshad Mehta attended Rose Manor Garden School in Santacruz, Mumbai.

The Mehta family relocated to Raipur in 1964 as a result of Harshad's father's medical issues. Harshad enrolled in Holy Cross High School here with his brother. 

The Harshad Mehta scam is covered in the book The Scam: Who Won, Who Lost, Who Got Away and the Sony web series Scam 1992. Another Bollywood film based on Harshad Mehta is Big Bull, starring Abhishek Bachchan.

In search of a better future, Harshad moved to Mumbai in 1973 and took up residence with his uncle and aunt. He was admitted to the Lala Lajpatrai College of Commerce in Worli because of his outstanding cricketing record. 

Following about two years of employment with New India Assurance, Harshad began a full-time career at BSE. Additionally, he and his brother founded Growmore Investments, a tiny partnership, in 1982. 

Harshad Mehta paid the most income tax in 1992, totaling Rs 24 crore. 

Harshad Mehta possessed a 12,000 square foot penthouse in Worli and led an opulent lifestyle. 

He possessed an array of opulent vehicles, including a Toyota Corolla and a Lexus Starlet.

The Sensex scam was masterminded by Harshad Mehta alone between 1991 and 1992. The scam led to a Rs 4500 crore fraud.

In a public statement, Harshad Mehta stated that he paid the then-prime minister, Mr. P. V. Narasimha Rao, Rs. 1 crore to remove him from the scandal case.

Harshad passed away on December 30, 2001, from a heart attack. The Mehta family alleges that the Thane police department's negligence is to blame for this incident. 

Jyoti Mehta, the late husband of Harshad Mehta, recently created a website in his honor to defend her husband.

Concluding the Harshad Mehta Home

The notorious stockbroker in Indian history, Harshad Mehta, taught us some very important life lessons. The journey from a common man to one of the world's most famous personalities was characterized by Harshad Mehta's popular traits: tenacity and an insatiable appetite for risk. Even though he was aware of the odds against him, he lived a life primarily focused on taking chances. 

The house in Worli, Mumbai, that he purchased from Harshad Mehta was historic. Nevertheless, businessman and stockbroker Ashok Samani purchased it at auction in 2009.

Check Out Properties in Worli