Search results
- Harshith first came to Plus Education as an 11-year-old, learning English literacy and digital skills at one of over 50 Plus pods we ran across the south of India. Having previously had no access to English literacy skills education or digital learning in his village, he said that learning at the pod was one of his favourite things to do.
pluseducation.org/harshiths-story/
People also ask
Why did harshith come to plus education?
What did Harshad do after he graduated?
Why did plus education rebrand?
What happened to plus education?
Apr 28, 2023 · The Plus Education story started with a single trip to India when, in 2005, Clary Castrission and Karyn Avery, two uni students from Sydney, took a holiday that would change their lives forever.
- Fact No. 1: Came to Mumbai Dirt Poor
- Fact No. 2: Became The “Big B” of The Stock Market
- Fact No. 3: The Most Treasured Man of The Income Tax Department
- Fact No. 4: Lived Life King Size
- Fact No. 5: Orchestrated India’s Biggest Scam Ever
- Fact No. 6: Got A Staggering Surge in Market Value
- Fact No. 7: The Biggest Stock Market Scam Exposed
- Fact No. 8: Poor Banking System
- Fact No. 9: Allegation Against Prime Minister
- Fact No. 10: Case Magnitude
Born in a lower-middle-class family, in Paneli Moti, Rajkot, Harshad Mehta came to Mumbai in search of a living. At the time, the Big Bull of Dalal street had only Rs 40 in his pockets. To survive in the city of dreams, he took meagre jobs for the next 8 yrs.
By the 1990s, Harshad Mehta had risen to such prominence in the share marketwith his relentless hard work and unwavering will, that he earned the title ‘Amitabh Bachchan of the stock market’.
In 1992, Harshad Mehta paid the highest income taxof Rs 24 cr, just a few weeks before the scam was exposed. In fact, some said that if he was alive and not caught, Harshad Mehta would have been richer than Mr Mukesh Ambani.
He owned a 12,000 sq. ft. lavish penthouse in Worli and a fleet of rare, luxurious cars like the Lexus Starlet and Toyota Corolla. Many people only dreamt of owning these in the 1990s.
Between April 1991 and 1992, Mehta manipulated Sensexin a way that it surged from just over 1,000 points to almost 4,500 points. This resulted in a huge scam of Rs 4,000 cr, which made it the biggest in India that was planned just by a single person. When adjusted for inflation, the scam would amount to Rs 24,000 cr.
In this scam, Rs 3,500 cr of funds from the banks were diverted to a group of stockbrokers, led by Harshad Mehta. These funds were then put into selective stocks, causing them to surge over a staggering 4,500 per cent.
Journalist Sucheta Dalal exposed the scam on 23rd Apr 1992 in the columns of the Times of India. Based on the scam, she co-wrote a book titled “The Scam: Who Won, Who Lost, Who Got Away” with Debashish Basu.
Thanks to the scandal, loopholes in the Indian banking system and the Bombay Stock Exchange (BSE) transaction system were exposed. Watchdog SEBIfurther introduced new rules to address the loopholes. Mehta was on trial for 9 yrs until he passed away in late 2001 due to a cardiac arrest in Tihar jail.
On 16th Jun 1993, when Mehta was out on bail, he publicly claimed that he had bribed the then Congress President and Prime Minister Mr P. V. Narasimha Rao of Rs 1 cr for getting Mehta out of the scandal case.
The CBI charged Mehta with 72 criminal cases, which included bribery, cheating, forgery, criminal conspiracy and falsification of accounts. He was also charged with over 600 civil action suits by banks and institutions regarding the money he owed them. Mehta had fooled 4 banks of an amount of Rs 1,700 cr.
Harshith was a small boy with big dreams when he first came to Plus Education. Hailing from a small village in the south of India, Harshith knew he needed to improve his English to achieve his dream of one day becoming a police officer.
Harshith has been a film buff since school and gradually began to watch films across languages, learning to appreciate different genres in world cinema: “I began to appreciate movies that are ...
A cricket enthusiast, Mehta did not show any special promise in school and came to Mumbai after his schooling for studies and to find work. [11] Mehta completed his B.Com in 1976 from Lala Lajpatrai College, Bombay and worked a number of odd jobs for the next eight years.
Dec 31, 2001 · Harshad spent his early childhood years in Mumbai’s Kandivali, where his father, Shantilal, used to run a small textile business. Later, the Mehta family moved to Chhattisgarh’s Raipur, where Harshad did his schooling and then came back to Bombay (now Mumbai) for his graduation in 1973.
