Aatur Mehta is a well-known household name in a business town, having worked as a successful entrepreneur, prospering shareholder, and winning manufacturer. He previously garnered fame through the representation of his father, Harshad Mehta, who caused a storm in the commercial world when his stock fraud was exposed by writer Sucheta Dalal in 1992.
In this blog post, we will share all the details about Aatur Harshad Mehta, such as his biography, real name, parent’s details, family details, wife, children, business or company name, net worth 2024, salary, residence, his father Harshad Mehta’s net worth 2024, educational qualifications, books on scam 1992, and many other things as to what he is doing now.
Bio, Early Life, and Education
Aatur Mehta is another name for Aatur Harshad Mehta. Aatur is the only child of his late father, Shri Harshad Mehta. He’s well-known because of his father. Aatur Mehta was born in Mumbai, Maharashtra, and grew up with his relatives, family members, and friends. He is sometimes referred to as Aatur Harshad Mehta. His precise birth date is unclear, however, he is around 44 years old as of 2024. He attended a private secondary school in his hometown. He then enrolled in university and graduated with a bachelor’s degree. He went to KJ Somaiya College of Engineering and studied engineering, a part of Mumbai University. He grew up in a Gujarati family in Mumbai.
When his father died in December 2001, he was 21 years old, according to some extraneous reports. Despite this, it has been officially stated that Aatur attended a local private school and graduated from one of the town’s colleges. Following his father’s deception, Aatur avoids social media handles and does not use any social media sites.
Aatur’s zodiac sign is Aries. He holds Indian nationality. Aatur Mehta stands 5 feet 8 inches tall and weighs roughly 68 kilograms. Aatur has developed a lean physique. He has black-colored eyes and hair.
Personal Life and Family
Aatur Mehta has good contact with his family. He spends most of his time with his family. Aatur is the most adored child in the family. His father’s name is Harshad Mehta, and he was a legendary stockbroker and business capitalist at the time. His mother’s name is Jyoti Mehta; she is a homemaker who spends most of her time cooking and caring for her family. Harshad and Jyoti Mehta had three children—Atul, Pranav, and Shilpa.
Following his father’s untimely death in 2001, his mother took over their family company and raised her beloved son Aatur with his elderly grandparents, Shantilal Mehta and Rasilaben Mehta. His paternal uncle, Ashwin Mehta, provided him with invaluable assistance in improving his business strategy. When Aatur grew up and was ready to understand, he began his trek towards his father’s business. During this time, his uncle Ashwin Mehta taught him how to achieve the conquest he is currently pursuing.
Aatur Mehta is married, although there is little information accessible online. It appears that he wants to keep his issues confidential. However, it is speculated that he is married to Malavika Jagdish Toprani. She is also a business partner in his company, MYRIAD BUSINESS ADVISOR LLP. Aatur Mehta has an unsocial life and never posts anything on social media or in the press.
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His father, Harshad Mehta, achieved enormous success in the stock market and became one of India’s richest men. However, in 1992, it was revealed that Harshad Mehta had been embroiled in a major stock trading scam involving crores of rupees. As a result, various legal actions were taken against him. Aatur Mehta had various hardships at a young age as a result of his father’s situation. When his father died unexpectedly in Tihar Jail in December 2001, Aatur Mehta and his mother continued to face several legal proceedings, particularly to recover monies that were part of the fraud.
Following his father’s death, Aatur Mehta kept his life very private, and there was little information about him over the past 20 years. It is well-accepted that he started as a stock market broker. According to Business Standard, Aatur bought a major interest in Fair Deal Filaments, a BSE-listed textile firm.
Harshad Mehta pulled out a massive deceit on India’s stock market in 1992. His lie brought him renown. After Harshad Mehta died in 2001, people shifted their focus from him to his son. Aatur is a successful entrepreneur, professional businessman, and rich investor, just like his father. Aatur’s prominence is primarily due to his father.
The latter played a significant role in the 1990s Indian securities scandal. Aatur Mehta rose to prominence as a result of the famous online series ‘Scam 1992’, which is based on the life of ‘Harshad Mehta’. Subsequently, star “Abhishek Bachchan” released a film titled ‘The Big Bull’ that depicted his father’s life. ‘His father has inspired several young people to invest in the stock market.
Mr Harshad Mehta’s 1992 Security Fraud scheme was a systematic fraud on the Indian stock market. When Mehta conducted this scam, there was no specified minimum amount required to acquire stocks, and the broker did not need a Demat account to sell equities. As a result, the weaknesses and vulnerabilities in the Indian stock market allowed Harshad Mehta to exploit them, causing mayhem and shaking the whole securities sector. Harshad Mehta created a stock diversion scheme and unlawfully stole funds from various well-known institutions, including the National Housing Bank, SBI (State Bank of India), and UCO Bank, by using fraudulent bank receipts.
Mehta committed around 1 billion frauds to acquire stocks from the BSE (Bombay Stock Exchange), resulting in a large loss of 3500-4000 crores to the banking system and a major collapse of the Indian stock market. According to reports, Mehta was about to sell his house to meet his obligations and repay his clients when Times of India journalist Sucheta Dalal exposed Harshad Mehta and all of his unlawful activities. Harshad Mehta was imprisoned after multiple cases were filed against him, and he attempted to prove his innocence but was unsuccessful. The 1992 fraud was the largest in the history of the stock market, and the RBI implemented several measures in India to guarantee that such a practice did not occur again.
Career
Aatur Mehta is a successful entrepreneur, business industrialist, stock market dealer, and investor. According to Business Standard, Aatur Mehta bought a 23% stake in Fair Deal Filaments, which is very large. The corporation’s board of directors has given its approval to enter into a contract with the establishment, the organization’s sponsors, Aatur Harshad Mehta, and Sanalkumar Kizhepata Menon for the acquisition of 1.45 million equity stakes each, as announced in 2018.
Aatur also donated to non-governmental organizations and syndicates, although he has never declared his contribution. According to the GMDA, Mehta aided the needy and assisted several persons with their education. Mehta also represents several brands. Similarly, it is stated that he was the developer and administrator for two organizations, Myriad Business Advisor LLP and Adept Management Consultants Pvt. Ltd.
Aatur Mehta’s net worth as of 2021 is roughly 6 crore rupees. His principal source of income is from his career and several other business operations and investments as an entrepreneur, great business mogul, industrialist, and stock dealer. He earns a lot of money by doing numerous brand endorsements and advertising. Aatur Mehta’s possessions, profits, and business practices have all benefited him greatly.
His textile business purchases account for more than half of his riches. Even though he has not provided any information about his salary, we might assume that he lives a luxurious lifestyle. The above-mentioned number represents his net worth, which comprises all of his assets, property, income, and compensation from his job. He chooses to live an affluent and lavish lifestyle.
