The craze of investing in the stock market is on the rise in India, and when it comes to the stock market everyone is familiar with the name of the big bull of Dalal Street, Harshad Mehta. He came into the limelight after his 1992 stock market scam. The scam of 1992 is considered one of the biggest scams in the history of the Indian stock market. Harshad Mehta was sent to 5 years of imprisonment after the scam of 1992 and after some years he died of a sudden cardiac arrest.
We all are familiar with the name of Harshad Mehta but very few of us are familiar with the spouse of Harshad Mehta, Jyoti Mehta. She too struggled a lot after the arrest of Harshad Mehta.
If you are oblivious about Jyoti Mehta then don’t worry because, in this blog, we will tell you everything you need to know regarding Jyoti Mehta.
Table of Contents
Jyoti Mehta’s Biography
Jyoti Mehta was born somewhere between 1958-1960. As of 2023, she is 62-64 years old. According to some reports she and her husband Harshad Mehta first met in Mumbai and started then they started dating. After some time, they got married. The couple gave birth to a son named Atur Mehta.
Jyothi Mehta is a house maker by profession. Other family members of Jyoti Mehta are, her three brothers-in-laws Ashwin Mehta, Sudhir Mehta, and Hitesh Mehta. Her father-in-law Shanitlal Mehta was a businessman, and her Mother-in-law was a housewife.
Her husband was put behind the bars because of the securities scam of 1992 and after some time he died due to a sudden heart attack. after this incident, Jyoti was dragged into legal proceedings and her life became a nightmare. After her husband’s death, she still fought cases to claim the amount that her husband deserves.
After winning all the legal proceedings Jyoti and her son Atur distanced themselves from media and social media, due to which we have no information about their current residence and the situation they are in.
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Educational Qualifications & Profession of Jyoti Mehta
Due to the lack of information available online about Jyoti Mehta, all we know is that she did her primary education at a local school. During her marriage days, she was a homemaker.
Jyoti Mehta’s Portfolio and Net Worth in 2023
Being the wife of Harshad Mehta, Jyoti Mehta is expected to have a towering net worth, after all, she was the spouse of one of the biggest brokers in the stock market.
Jyothi Mehta has a net of Rs. 2.3 Cr and she publicly hold 5 stocks. The list of them is given below with the quantity and percentage of stocks held by Jyoti Mehta.
|Stock name||Quantity Held||Holding Percentage|
|Nirbhaya colors India ltd.||100,0000||2.99%|
|Integrated Proteins Ltd.||30,500||0.95%|
|Chembond Chemical Ltd.||94,480||0.70%|
|Shukra Pharmaceuticals Ltd.||9,000||0.575|
|Novateor Research Laboratories Ltd.||–||The investor holds below 1%|
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Jyothi Mehta’s Husband, Harshad Mehta
Harshad Mehta is popularly known as the big bull of the Indian stock market. He was born on 29 July 1954. His net worth was estimated to be around 3542 crore INR. He is the husband of Jyothi Mehta and the father of Atur Mehta. By profession, he was Businessman and stockbroker.
He got infamous by the name of market manipulator because of his involvement in the 1992 Indian Securities Scam. 27 criminal charges were brought against Harshad out of which he was only convicted of four. An estimate of Rs. 5000 crore was involved in this scam, making it the largest money market scam in Indian history.
At the age of 47 in 2001 he lost his life due to a sudden cardiac arrest in police custody.
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Jyothi Mehta’s Struggles After The Scam 1992
Beings married to Harshad Mehta, Jyothi was living a happy life until her husband was sent behind the bars for 5 years because of the securities scam of 1992. Her life took a tumble when her husband lost his life due to a sudden heart attack in police custody.
When Harshad was in jail his brother, Ashwin was appointed to act as Harshad’s legal representative, he fought many cases on his brother’s behalf in order to clear his brother’s name. Jyothi was also struggling during this time because of her husband’s case, financial bearings, and the pressure of raising her son Atur.
After the death of her husband, the situation became even worse. She had to raise her son alone and she was also fighting a legal battle to achieve money that her husband has right over. Harshad’s family was in a legal battle for almost 27 years and finally, in 2019.
The tax Appellate Tribunal scrapped almost the whole tax demand of quite ₹2000 crore after 27 years that was on Harshad, his wife, Jyoti, and his brother, Ashwin Mehta. And in the same year, she also won the case against a stockbroker Kishore Janani and a federal bank, who owned about six crore rupees to Harshad Mehta. Jyothi won the case and claimed that money with 18% interest. Mehta’s family was freed from all allegations in February 2019.
After that, not too little is known about Harshad’s family. Some reports claim that Jyothi and Atur settled in the USA and Harshad Mehta’s son Atur is also a stockbroker. Though these reports have no evidence to be proved right, they are generally considered mere rumors.
Picture Of Scam 1992 Harshad Mehta and Family Members
This was all you that you should know about Jyoti Mehta. Little to no is known about her after the scam of 1992 but we still managed to compile as much information as possible. It is also to be noted that Jyoti Mehta didn’t inherit any amount that was involved in the scam of 1992, she only received the amount that Harshad Mehta deserves.