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Harshad’s philosophy was simple: (Taking risks is like being in love). He revolutionized the Indian market in the late 80s and early 90s by using "Bank Receipts" (BRs) and government securities to pump massive amounts of capital into the stock market, driving share prices to unprecedented heights. At his peak, he was the highest taxpayer in India and a symbol of the nation's new economic liberalization era.
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The web series is a dramatization of a real financial fraud perpetrated by stockbroker Harshad Mehta in 1992. Mehta exploited loopholes in India's banking system, using a method involving fake bank receipts (BRs) to illegally divert funds totaling around from the banking system into the stock market. This massive inflow of money artificially inflated stock prices, allowing Mehta to make huge profits. His scheme collapsed when a journalist exposed the fraud in April 1992, leading to a market crash and major banking reforms.
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