Scam 1992 - The Harshad Mehta Story -2020- S01 ... [patched] -

, a middle-class Gujarati man who navigated the Bombay Stock Exchange to become the "Amitabh Bachchan of Dalal Street". The Modus Operandi

A show about banking could easily be dull. Director Hansal Mehta and DOP Pratham Mehta turned it into a neo-noir art piece.

The series is based on the true story of Harshad Mehta, a stockbroker who was involved in a major financial scandal in India in the 1990s. The show explores how Mehta, a small-time stockbroker from Mumbai, rose to become a market wizard and amassed a huge fortune through his clever manipulation of the stock market.

played Ashwin Mehta with a grounded, anxious loyalty that balanced Harshad's reckless ambition. Scam 1992 - The Harshad Mehta Story -2020- S01 ...

By the turn of the decade, Harshad transitions from trading equity to exploiting systemic loopholes in the banking sector. He discovers that public sector banks hold vast reserves of stagnant cash that can be routed into the stock market. Through these maneuvers, he orchestrates a massive bull run, earning the moniker "The Big Bull." He becomes a folk hero to the Indian middle class, symbolizing the dream of rapid wealth accumulation in a country on the brink of economic deregulation. The Mechanics of the Scam: Ready Forward Deals and Fake BRs

, directed by Hansal Mehta, is more than a biographical drama; it is a cinematic dissection of ambition, greed, and the systemic vulnerabilities of a nation on the brink of economic liberalization. By chronicling the meteoric rise and catastrophic fall of stockbroker Harshad Mehta, the series offers a compelling narrative that challenges the audience to distinguish between a visionary "Big Bull" and a master manipulator who exploited a fractured financial landscape. The Man Behind the Legend

The series features a talented cast, including: , a middle-class Gujarati man who navigated the

At its core, the scam involved . He used fake bank receipts (BRs) to divert vast sums of money (estimated between ₹1,000 and ₹5,000 crore) from the banking system into the stock market, artificially inflating stock prices. This manipulation caused a massive stock market bubble. When the fraud was exposed, the bubble burst, causing the Bombay Stock Exchange to crash nearly 45% , wiping out life savings of countless middle-class investors and causing widespread economic distress. The scandal ultimately led to the arrest and trial of Harshad Mehta and other brokers and bankers, and forced landmark regulatory reforms that modernized India's stock market operations.

The series chronicles the rise and fall of Harshad Mehta, a stockbroker who single-handedly took the Indian stock market to dizzying heights before crashing it, exposing the deep-rooted corruption within the Indian banking system.

Set in early 90s Bombay, the show is based on the book The Scam: Who Won, Who Lost, Who Got Away by journalists Sucheta Dalal and Debashis Basu. The series is based on the true story

Set in 1980s and 90s Bombay, the story follows Harshad Mehta’s journey from a jobber in the crowded streets of Dalal Street to becoming the king of the stock market. He realizes that the "Old Boys' Club" controls the market and decides to break their monopoly. Through his firm, Grow More Research , he popularizes the concept of "Replacement Theory," convincing the public to invest in old-economy stocks.

Post-credits scene for S02 (tease): A grainy 1999 news clip flashes: "Ketan Parekh — The New Big Bull of Dalal Street."