[Sucheta] 'In the crash of 1986, Harshad had managed to save his reputation.' 'But he had begun to realise.that dipping into one's own pocket, was not the way to run a largescale business.' 'To scale up, he needed big funds.and Harshad started knocking at the door of financial institutions.' 'And there was only one man who could open this door completely.' 'The Chairman of the Unit Trust of India, M. J. Pherwani.' 'The original Big Bull.' 'Before the advent of mutual funds and private investments.
there were only two places where Indian taxpayers could safely invest their money.' 'LIC and UTI.' 'While LIC was a longterm institutional investor.UTI had a corpus fund of 20,000 crores to invest in the share market.' 'If UTI decided to buy, the Sensex was sure to gallop ahead.' 'And if it decided to sell, the Sensex would get reigned in.' Please. Thank you, sir. Thank you. I've been wanting to meet you both for a while now. Glad to meet you. Same here, sir. Before we talk business.
I want to ask you guys a very important question. Please. Do you know what is the most valuable thing in the world? Uhh. It's not a watch. Not even expensive scotch. Not even those big cars, diamonds. No. Nothing. Advice? Uh. You know. sometimes a piece of advice can change your life.? Let me give you a hint. That word is a part of my company's name. Trust? Correct. Trust. Do you know why trust is so valuable? Because it's in great demand. And is always in short supply. Very true. Now the question is, why should I trust you? Why? Well, you can very well trust us. In fact, our entire business is. Precisely 13 months and 10 days ago. .a few of my Vam Organics shares landed up in someone's hands. Owing to a simple clerical mistake.
[Pherwani] 'My office tried to contact them.' But, do you know what they did? They used this clerical mistake to their advantage and sold those shares. Sir, that. You sold those shares. Those shares had landed up with you. Sir, actually, what happened was. There is some big misunderstanding. None of your shares ever came to us. And even if they did, how could we have sold them? Stop! Please, stop. Don't try to teach me how our system functions. Do you know why I wanted to meet you guys? Because I wanted to tell you. .there could be a loophole in the system. But only a few people misuse it. People like you. I don't do business just for the sake of a deal. I do business with people whom I can trust. No trust. .no business.
[Title Montage] Somras. Do you know why this is called the drink of the Gods? Because drinking it on Sunday, makes Monday feel like heaven. Have a sip. You won't get addicted with a sip. Come on. No, thank you. I'm okay with my Thums Up. Okay? My Cheetah. .in the past six months, you've bagged LIC, GIC, Can Mutual. .and pocketed 1.5 per cent commission in every deal. My institutional broker, huh? What, Pranav Bhai? And you say you're "okay"? Hardly an institutional broker. UTI still hasn't given us any business. And I'm tired of this 1.5 per cent game. Institutions have so much money but no plan. To be honest, if I had that kind of money. .the market would have been up by 4,000 points. Then take it up.
It's your money, go on and invest it. What's that you say? "Risk is the spice of life", right? Darling, whiskey is risky too. Have a taste of this spice too. Come on. You are impossible. Hey, Pranav Sheth, your laughter can be heard from a mile away. Ajay Bhai! Wonderful. I'm glad you were just a mile away. .coz my laughter can't reach all the way to Calcutta. Cheers! Cheers. [Man] 'Pranav!' Yes? You can't drink, but you can hold it, right? Here. Go on, pay your respects. Big man. Stay right here. [Pranav] 'Hey, how're you?' Ajay Bhai, Harshad. Harshad Mehta. Ajay Kedia. Cheers. Oh no no. This is Pranav Bhai's. I don't drink. By the way, I've heard a lot about you. Ever since I've entered the market, I've heard of Mr. Kedia from Calcutta. That Black Thursday crash of 1982.? .your's and Reliance's.?
I too lost lakhs that day. I mean, I was on the verge of packing up from the market. Bag and baggage. Harish, right? Harshad. Harshad Mehta. Yes, Harshad. A word of advice for you Harshad. If you can't take the heat, get out of the kitchen. Huh? It's not like that. And I'm really sorry if we ended your stint in the market. Hmmm? Very sorry about that. No, no. In fact, I've started my own consultancy now. Yours? Yes. Growmore. Alright, Mr. Growmore. I will see you around. .if you stay around. Come here. Oh, Mr. Mehta? Where's my drink? Bloody hell! You finished my drink? [Pranav laughs] Who the hell is this Kedia? What's with his attitude? Of course he has an attitude. He practically owns the share market. He comes from a family of traders. He manages four companies simultaneously.
One foot in the money market and the other in the share market. [Pranav] 'Government securities, PSU bonds. At a huge scale. ' Money market? Is there so much money to be made in government securities? It's the bazaar of wealth, brother! Okay, tell me one thing. What is the daily volume of our share market? Around 10,000 crores. And guess the daily volume of the money market? Two lakh crores. Therefore, attitude. Ashwin, have you ever seen a cricketer play tennis? But even in tennis, there is a grass court, a clay court. and the game is different for each. This money market game is out of your league. [Ashwin] 'Harshad, it's all been going well for six months.' Now why this new obsession? What's been going well? Growmore is just our name, where's the growth? Institutional broking is not good enough. We have to think of something new. Businesses reach saturation points, not brains. Or do we stop using our brains as well? I get it. That Ajay Kedia, he's rattled you, right?
[Pranav] 'And so, you're lecturing us now.' 'Why don't you speak clearly.' .that you want to stick a finger up his, for the way he treated you? [Ashwin] 'Does anyone here even know what the money market is?' Do you have any solid plan in mind? Now that's the right question. Look, the share market and money market aren't very different. Here, instead of shares, we trade in. .government securities, PSU bonds and units. We all know that a broker understands a company's share's value. .better than the company itself, right? Yes. Similarly, in the money market. .which banks want to buy securities and where they can get them. .is in the broker's knowledge. [Harshad] 'Our job is to manage both demand and supply.' The most important document in every money market transaction is the SGL note. SGL means Subsidiary General Ledger. [Ashwin]
'Now let's assume, I buy 1000 units from you.' 'So, you give me an SGL note in return.' 'I deposit this SGL in the PDO.that is Public Debt Office of the RBI.' 'The PDO holds the account for all your units.' [Harshad] 'Brokers, banks. everyone wants their business to grow fast.' 'And they say, SGLs slow down transactions.' So, instead of SGL, we will use BR. [Bhushan] 'BR. meaning Bank Receipt.' [Rebello] 'Hmm.' 'That means transactions are now possible without SGL.' 'There is no central authority.' 'Now, when one bank wants to sell its securities to another.they can simply issue a receipt.guaranteeing that they have the securities.' [Ashwin] 'Do we have a contact in Citibank?' [Harshad] 'We don't have a contact but I've fixed a meeting with K S Tyagi.he handles all their money market deals.' 'He's known as 'Tyagu' in the market' Mr. Mehta, it's not important whether you're capable or not. What is important is whether you understand this market. First, learn about this market and then approach us. Then we'll see. You mean to say, you won't do business with us because we are outsiders? It's not a question of insider or outsider. I already have my existing set of brokers.
Why should I work with somebody new? Sir, there was a time, I was new at the stock markets too. But I found my way through it. So, I am sure I can do it with money markets too. Mr. Mehta, let me give you some very good advice. This is the money market. Top brokers from the stock market want to enter it, but they can't. You know why? Because of pedigree. Pedigree is very important here. [Tyagi] 'There's no place for new people in this market.' You shouldn't try either. Thank you for your advice, sir. But I am not sure if it was in my interest or yours. Have a good day. Hi. Who's that? Ajay Kedia. Okay. Hi. Just a second. I am sorry to interrupt you. That's okay. Can I see your treasury chief, Mr. Niraj Chopra? Did you have an appointment with him today? Just tell him it's Harshad Mehta. Uhm. Sorry, sir, but he is not available. Can you give me an appointment with him for tomorrow? Sir, I'm afraid but he's leaving for Madras tomorrow. He will be out of station for a while. So, he has no time during the day at all? He has a flight to catch. Niraj Bhai. What a coincidence! Wow! I'm Harshad, Harshad Mehta. Hello. Hello. In India. .the money market is not a market in the Western sense of the term. Here, it's more like a jungle. [Niraj] 'I'm not surprised Tyagu threw you out. B*****d.' He doesn't give us any business nor does he let us do it on our own. Why would he entertain you? [Niraj] 'Look, Harshad, right?'
Yeah. Citibank is the king of this jungle. They've made the whole money market into an exclusive club. And they do not like outsiders. Today, the money market feels like the territory of one bank and its brokers. It's a goddamn cartel. And Tyagi, he's the boss of this cartel. And his brokers, Ajay Kedia, Hiten Shroff, Hemendra Kapadia. .these people have cornered most of the money market. We are at their goddamn mercy. The moment we crack a deal they get to know. In simple words. This cookie is the market. And the cartel is enjoying eating the whole cookie. No, I get it. Citibank has its own cartel. with Tyagi and his brokers. So, why can't we form our own cartel against them? No, I'm serious. Tell me honestly, Niraj Bhai. Have you never thought of this? Of course, I have. Often, in fact. And like this, I have many other fantasies too. But we also have ethics. Tyagi and his cartel know no ethics. We can't do dirty business like them. I understand. You should never do dirty business. But I can, right? Do you think. .Tyagi really knows how his brokers bring him business? Yes and no. So similarly, you don't need to know how I get you the business. You show the path.
Just tell me where to start. My time, my effort. And you have nothing to lose. You knew I was going to be on this flight, right? Yes and no. A cartel is as good as its members. The man we're meeting today. He's a potential member to your cartel. Our cartel. Your cartel. 'I have many contacts at Grindlays.' I used to work at Grindlays. It's confirmed that. .Grindlays is on the lookout for money market brokers. And they don't want anyone from the Citibank cartel. 'All that is fine, but the biggest problem is, Citibank.' They have all the funds to buy the securities. Once they corner the market, their brokers manipulate everything. Seems like you don't watch TV. Of course. Well then, haven't you seen.
."one sparrow, then more sparrows. Land to peck at some seeds." The solution lies within that. What? Look, Citibank throws birdseed. And like a sparrow, every bank begins pecking on it, that too alone. And so, it's easy to get trapped. And what's your point? The point is, it's time for all banks to come together. Like this. We are one. We are strong. We are courageous. Once we unite, we can achieve big things. We just can't deal with any bank. We also have to think about profit and loss. For once, flap your wings together and fly off with the hunter's net. Profit will follow. And once Citibank and its brokers lose a deal. .we can cut the net they have woven. Look, I'm a man of the share market. I think longterm. If as a broker, I am ready to bear a loss. You are banks after all. What do you say, Niraj Bhai? "One, two, three." Let's do it. "Clever little sparrows. Smart little sparrows." "Off they go. carrying the net along." ".flocking together, birds of a feather." I hear that Grindlays too has joined hands with Harshad? Well. They are not dealing with us anymore. Plus, Harshad is going after many small banks.
and institutions that we don't even touch. But he is getting volumes. He's buying as much as he can. He has even bought some at a loss. Is he an idiot? [Niraj] 'Honestly Harshad.I don't think the cartel will really bother about us right now.' Yeah, we may have some business but nowhere close to them. And we never will because Citibank controls the volume. It's simple as that. It's time. .to go to the big boss of security dealings. The bank which trumps Citibank. Citibank may be the don of the money market. .but who's the emperor of banking in India? To fight Citibank, we must think local. [Harshad] 'You see, sir. We have done our detailed study in the money market.' 'There are a lot of foreign banks, there are dealers, there are cartels.and they are making good money.' 'I would really say that SBI needs to be a little more aggressive in this. ' 'And all this data.is absolutely backed by the solid research that we have done at Growmore.' 'We know that SBI often has huge demand for bonds.' 'Because of the heavy investments.' .coming from institutional investors, right? And we can easily source these securities for you. In fact, there's no need to be worried.
All transactions will be safe. And we will offer you the best brokerage rates in the market. Growmore is known for that. Please have a seat. Thank you. Mr. Mehta, we've done our research too. about you. and your ways. [Khemani] 'We too have friends in the market.' You have your own methods. And you love taking on the big players. Actually, sir. [Khemani] 'And you have.' .faced huge losses at times. .because of your own methods. But, it's also true that. .you've never let your clients suffer a loss. Not even after the last market crash. You are a man of integrity. Thank you. Here, brokers team up with foreign banks to manipulate quotes. .for their and their client's benefit. We're meeting you today, not because we want to play safe. But because we want to change the image of SBI. Growmore is at the top of our priority list. .because you know how to take risks. These foreign banks and their brokers have been looting us for years. It's high time we set our house in order. [Khemani] 'Isn't it'? Absolutely. We are in business, Mr. Mehta. [Ajay] 'Apparently, he might just add a new word to the financial dictionary.' Bankerage! What is this? A new gimmick? You're not going to like this one bit. Harshad has started taking positions in the money market too. .and that too, by using banks as a front. They're getting a commission. He calls it 'bankerage'! And the banks are doing it happily. Even SBI.
No, no, no, A.K. This is serious. I've always said, it's a crime for brokers to take any position. And all this makes Harshad our competition now. We must keep a close eye on all his actions. And I mean, all actions. I need the details of all his transactions. We can't be caught napping on this. No. [Pranav] 'I said, why would I take a favour from you for such a small matter?' 'I'd come to you for something big.' Not for me. Huh? One foot in the money market. and you've given up sweets? Not given up. .just controlling. When did you start controlling yourself? Well, these days, aren't you the one who's out of control? I've seen how high you've pushed ACC. out of control. Keeping tabs on the market, huh? Looks like the cheetah is missing his jungle! But the word is, it's time to ditch ACC. Manu Bhai and his men are targeting it. If they start shorting, I don't have the funds to hold on. This is the problem with us Bulls. The moment we depend on the market for funds, those bears get to know. By the way, how much do you need?
[Harshad] 'This is the right time to get back into the market.' [Ashwin] 'Sure. Who's stopping you?' But don't go after ACC. Look, if Pranav doesn't have the funds, it's not like we have a treasure chest. Canara Bank wanted to buy some securities, right? They were to send a cheque? There it is. Harshad, whom should we buy the bonds from? Grindlays will have, right? Once we get the BRs, I'll deliver them personally to Canara Bank. It's been a while since I've been there. Let's deposit all these cheques into our account today. Canara Bank needs the securities after ten days. Harshad, you. Are you out of your mind? This is not our money. If we want to get back in the market, this is our treasure chest. Harshad, it's a ready forward deal. Once the BR expires, we'll have to return the money. And we will. We have ten whole days. Till then, this money will be rotting away in our account in any case. If we invest it in the market, the money will grow and so will the market. And when it comes out in the open, our troubles will grow too. There won't be any trouble. We are not stealing.
The money is lying in our account. What we do with it is nobody's concern. Imagine. How much profit we can make in 10 days! [Sucheta] 'The Bull was back in BSE.' 'And his first bet, was on ACC.' 'The bears were destroying ACC.' 'But they didn't have even the slightest hint.that this time, Harshad didn't just have money.he had the whole bazaar of wealth.' 'Often, to save time in security dealings, 'banks would deposit funds directly into brokers' accounts' 'so that the broker could crack the best deals before buying.' 'Harshad saw the loophole here.' 'With this money now lying in his account, he began investing in the share market again.' 'It was a slow system.so the money would often remain in the brokers' account for upto a fortnight.' 'It was readily available for Harshad to use as his own.and push up any stock he liked.' 'By rotating banking funds in the share market.he was making so much profit.that he began making money market deals at lower commissions.' 'Banks were getting the best deals.' 'And Harshad was making more and more profit.' 'The money market had turned into a moneymaking market for him.' Sure, we can join this. Madam, a flat this big in Bombay at such a prime location, is rare. The Sensex is touching 1400. At 1600 we should start selling.
I hope you are okay with that. Share markets are your territory. Do what you feel is best. But, what if the index rises even more? Harshad is being really bullish. Come on! Come on, who is he? How much money does he have? He can't just go on buying more and more. See, you are not getting the point. He has the funds. He's using banking funds to push up the markets. He's caught on quick? He's using a trick out of our book. The only difference is that we do it safely, and in a classy way. And he does it in a classless, crude way. No. We need a strategy to stop him. Let's use our banking funds to short the markets. We have to do whatever we can. Attack, divide, engage. .and defeat. Stanchart wants securities worth 200 crores. So? What do you mean, 'so'? None of our banks hold such a huge amount of securities. Tell me something. How often have we delivered physical securities to banks? Have we ever handed them over in person?
But brother, we have to give BRs as proof, don't we? Once the bank gives the receipt, It means they're confirming that the securities received. Think like a donkey and you'll remain one. What? Stanchart wants BRs worth 200 crores, right? Yes. So, we'll give BRs. Isn't that what Citibank cartel does? 'Harshad Bhai, how can I do what you are asking me to?' This is not legal. There's nothing wrong in it. But if I don't have the securities, how can I issue BRs to them.? How can I sell something I don't have and give you a receipt for it? This is wrong. This is not wrong. It's survival. I'm aware that you don't even have funds to pay salaries.
So, this is a sureshot way to rescue your bank from its losses. It's very simple. Stanchart wants securities worth 200 crores? You just issue the BRs. Give them the receipt. As soon as they get the receipt, 200 crores will be in your account. Of which, 4 crores will be yours. Bankerage. Within 15 days, I'll return 200 crores to them. They'll return the BRs to you. Then tear them off, if you like. They will get the securities. You will get a commission. Citibank does all its business through BRs. And look sir, even you know, that physical securities are never exchanged in any deal. [Sucheta] 'By the end of 1990, India was heading towards an economic crisis.' 'The RBI Governor knew.banks will play a pivotal role in India's economic revival.' 'But the RBI had also begun to notice irregularities.in the security dealings of banks.' 'But this was a predigital era' '.when it often took days to trace a transaction.' '.and months to locate a file.' 'For RBI, this was going to be a tedious battle.' United Bank of India, Bank of Baroda. Bank of India, Canara Bank and Indian Bank. Talk to the Department of Banking Operations and Development. I want the security departments of all these banks. .thoroughly checked and inspected. Sir. Uh. Yes, Ghosh? Sir, Citibank? Hmmm. It's a foreign bank. We have to be careful. Our economy is still recovering. It hasn't stabilised yet. We are still dependent on the loans arranged by them. Do one thing. Give them an informal warning.
And, Ghosh. Make it look like a regular audit. Not an investigation. The matter shouldn't leave this room. The Press mustn't get to know of it. Thank you. And which is the fifth bank? Indian Bank? Great. Are you sure? And you're sure there will be inspections in all these banks today? [Man] 'Madam, these are only the first five banks.' 'The RBI will go after other banks too.' 'All these b******s stand exposed now.' 'Even small banks like Bank of Karaj' 'No account of securities there either.' So, what's RBI planning? I mean, what's their next step going to be? [Man] 'As usual, they'll issue a circular on the buying and selling of securities.' 'RBI will issue new rules.' 'And they'll add some more points, what else?' Can you link me to any broker? [Man] 'Oh no. Unless the news of this inspection goes public.all the brokers will keep their mouth shut.' 'Does anybody ever speak without a reason?' But reasons can be created, right? [Sucheta] 'While both Harshad and the RBI kept their sights focused on the banks' 'I was focused on my new job with The Times of India.' 'None of us knew that our paths were going to cross very soon.' Nor is there the name of a bank nor a source. Sucheta, without any names, I can't print this. My source works in one of these banks. The story is 100 percent legit. Maybe. But can anyone confirm it? I can't. Rajdeep, this story is huge. .And it will only get bigger, but only if you print this.
[Rajdeep] 'Sucheta, you know my answer.' You need to trust me. When the rest of the media was singing Rajan Pillai's praises. .I was the one who reported his brush with the law in Singapore and it snowballed. I have the same hunch with this. Print it. Only then will everyone in the banking system know. .that inside information can't stay hidden forever. And if we print this, and no one opens their mouth after that. Then? I can't risk putting this on the front page. Where will you put it? The financial section. No chance, sir. No chance. I'm absolutely sure, this information hasn't leaked from our end. It's from some bank. But since this news is already out in the open. .can we announce a proper audit to confirm the irregularities? The public doesn't want an audit. No, Ghosh, that won't work. Issue a directive and share it with the press. Everyone must know clearly. .that the RBI has issued strict guidelines on the use of BRs. [Tyagi] 'Kedia told me that you've refused all ready forward deals?' 'Sir, The RBI is on our tail, sir.' But where is the problem if you're all covered up? Sir, RBI has issued a new circular. Haven't you read the guidelines, Sir? Look at this, sir. These are strict orders. "All ready forward transactions." ".whether through the mechanism of SGL or BR." ".should be reflected on the same day in its investment account." "Transactions between one bank and another bank." ".should not be put through the brokers' accounts." "Banks should not act as agents for any broker clients." And the most important part.
"All transactions should be at market rates, strictly." And. You never deal at market rates. Stop it. It's RBI, not the CBI. And these are guidelines, not the law. And this is India. [Tyagi] 'You know nothing ever happens here.' And look, if you want to stay in business. .then you'll have to do business, right? I'm sorry, Mr. Tyagi. But we'll stick to the guidelines for any business. You tell me. Am I old? This new generation just won't listen. They call the experienced, old and push us away. I told my son. .that the money market is a mess. Don't get into it. But he didn't listen. And look. Today, every deal is a struggle. Suresh, a person is only as old as his thoughts. Age is just a number. [Suresh] 'Why don't you explain this to my son?' But you never introduced us! I would've explained all about age and also taken a followup on that fake BR story. Oh. So, I'm useless now? New source. New story? Suresh. Okay, why do I call you Suresh? Because you're a friend and not just a source. Everyone has suppressed the BR story. And if I don't get a followup, it will die. Okay, I'll talk to him when I see him. He might agree. Isn't he in the office? He's in office 24/7. But despite being nextdoor. he doesn't even talk to me, let alone meeting. Okay. I'll take your leave. [Sucheta] 'Sorry.' I just need two minutes. What. What are you doing here? I am Sucheta Dalal from Times of India. [DT] 'I know who you are.' I don't want to speak to you. Listen, it's okay. Your father already knows me. I just need a little bit of info. Do you want me to call the security? No no. Please, don't misunderstand me. I just need a little bit of info. [bell rings] Please leave. Okay, your father has my number if you ever want to talk. Okay. Sorry. Thank you. The RBI is checking every line from every page of every book. Okay. Let's talk like bankers. Forget the securities. I'm sure you can give me a loan? Tell me. What line of credit can you offer? To give a loan, I need funds, don't I? I'm not refusing. But we're facing a major crunch for funds.
You too are stranded because of funds, huh? Okay. What if I bring customers. .who will deposit large amounts in this bank? Then you will give me a loan, right? [Sucheta] 'RBI had chained the whole system with its guidelines.' 'Harshad knew that even the bear cartel was on a dryrun with no cash.' 'This was the time to get ahead of them.' Docking charges, fuel charges. altogether. .they make a weekly collection of 20 to 25 crores. And that too, liquid. Everything is liquid at the docks and in the sea. Just imagine. What if we channelize all their funds to RICO? Then the funds will eventually come back to us. Wait a minute, brother. Tell me something. Are you a king? Or a LO.O.T.SE.SEA? LO.O.T.SE.SEA? Lord Of The Seven Seas? That you will beckon, and the docks will pour their entire fund into RICO? Rubbish! Everyone bows down to profit. And I know how to weave a story about profit. And Bhushan, where these funds should be invested. .is the prerogative of the chairman. All we have to do, is convince the chairman. And what is this story you plan to weave? Please explain. Look, RICO has no funds to give a loan. If this money goes there, they'll get funds. .and we'll get a loan. What's the interest rate for a loan? 11 percent? Assume, we take this loan at 12 percent. [Bhushan] 'That means, one percent for the chairman.' 'But brother, the money will still go from our pocket, right?' [Harshad] 'So, let it.' 'When we invest this loan in the market and make a huge profit. ' '.this one or two percent will fade in comparison.' Look, Mr. Gaithonde, you have to deposit your money in one bank or the other. Why don't you deposit it in RICO bank this time? You will earn an interest from the bank. .but I'm interested in your interest too. You understand, don't you? Give me some time. Let me think about it. Come, let me explain. Look, I'm a man of the share market. So, rather than in time, I believe in instant deals. If we give it too much time, the value might drop. And the value of this deal might drop too. Are you sure Amitabh Bachchan gets his suits made here? Yes. Mine too. That's good. Harshad is no less than the Bachchan of BSE. Our angry young man, who's taken on the cartel all alone. Right? Yeah. And, Mr. Jobber, life isn't a movie. .with an interval for popcorns and snacks. Life keeps changing. Nothing's permanent. What do you say, Harshad? It can be permanent. If funds keep flowing, we will be permanent bulls. Not just Bull. Big Bull. Hey, all banks are in RBI's radar. They have to consult the RBI even before they fart. Gone are the old ways of conducting security business. You know Sucheta Dalal, from Times of India? She's writing an article. If your name crops up in relation to BRs. .she'll be knocking at your door. Be careful. And what will she do once she reaches me? Huh? I don't deal in securities anymore. What do you mean you don't deal in securities? What I mean Pranav Bhai. is that there is a ton of government money. .gathering dust in PSUs. So, let's invest that money in BSE. Government must earn some profit too, right? Sir, frankly speaking, government PSUs need a fresh approach. You know well, ONGC has so much money, but no plan. In fact, when we discussed our ideas with the minister, he clearly said. ."Go meet Mr. Nawalakha. He is the man with a vision". But, Mr. Mehta. This is the government's money. We can't allow it to be invested in the stock market. But that's not what I'm saying. All I'm saying is, invest in the PMS schemes of banks. Look, sir.
My job is to make profit. And I will make profit for the government too. We just need to match our vision. [Sucheta] 'Now, Harshad had Such a source of money.which nobody could have imagined.' 'Not just ONGC.but huge public sectors units like Coal India.NHPC, NTPC, and IRFC money.started getting invested in the bank PMSs directly.and indirectly, in the share market.' "This world is but a halt." "and everyone a traveller." "why then does the foolish man trap himself. .in the trappings of wealth and fame." ".don't trust this moment. .soon it will be gone, before you know where." ".After all, life is but a twoday fair." But some people ask a lot of questions. "What does the company do? What does it produce?" Nobody wants to invest for the long term. Book your profits and pull out. Then tell them. .Mazda is Harshad Mehta's company. That's all it takes. This is insider news. Harshad Bhai has invested in Mazda Industries. Now see how it zooms. [Sucheta] 'Harshad was fast becoming a market legend.' 'One signal from him, and the tide would turn in the market.' 'On Harshad's word, unheardof companies like Mazda.also caught people's attention.' [Sucheta] 'But 1991 was a strange time for the Indian economy.' 'In the middle of an economic crisis.The Chandrashekhar government was dissolved.' 'The next election took place in the midst of Mandal Commission protests.' 'It was tough to guess the election result.' 'But after the first round of voting.exPrime Minister Rajiv Gandhi was assassinated.' 'And when the election results were announced.a minority government was formed under P. V. Narasimha Rao.' 'But none of this impacted the share market.' 'Harshad took the BSE index to astronomical heights.' 'Now, there was no one to stop his Bull Run.' "You will take nothing with you, my friend." "You came emptyhanded And that's how you will go, my friend." 'Before Harshad, no one had made such wealth in the market.' 'His lifestyle was no less than a celebrity or a film star.' 'With his rags to riches story.he had become a hero for every common Indian.' 'And everybody wanted to be Harshad Mehta.' Isn't this a bit much? This Harshad Mehta is crossing the line now. The m**********r is crossing his limits. ”Of this body and this soul there's only one truth” ”You must watch your actions to reap destiny's sweet fruit” ”So say the great saints this world is a false affair” ".After all, life is but a twoday fair." ”What did you bring into this world And what can you take away from this world.” ".After all, life is but a twoday fair." The logic of the stock market is very easy. Close your eyes, pick any stock and invest in it. The chances of winning or losing are always 5050. Don't laugh, it's a fact. Did you know, in 1964 in the US, a monkey was made to select 15 scrips. 'That too, by throwing darts with a blindfold.' And at the same time, a financial expert selected another 15 scrips. What was the result? The 15 scrips selected by the monkey, won. They made a huge profit. The market has a simple philosophy. Invest, and relax. Even he did the same. No. I mean yes, a little bit. Uncle, can I get your autograph, please? Dear, they call me Amitabh Bachchan, but I'm actually not him. I had told you, I don't want these old ones. Show me something new. This is the car of the King of Partan, Harshad Bhai. A single piece in all of India.
And it has a 1200 CC engine. Darling, this is my time. So not just your King's car, I can buy his palace. Show me something new. Imported. [Dealer] 'You know how it is with imported cars.' We hardly get one in a month. There's a Lexus coming from Dubai next month. But, Ajay Kedia. 'You might know him.' His company has already booked it. How much is it? Harshad Bhai, I'll show you something else. How much is it? It's 45 lakhs. Have you taken an advance? No, I've not taken any. But I've given him. My word. Then the car should be delivered from Dubai directly to my house. I'll give you 55 lakhs. Fortyfive for the car and ten for your word. [priest chanting mantras] Do you like the car? It's nice. But what will you do with so many cars? We already have 15 to 20 cars. Didn't you like it? No, it's good. But what good will a car do? A lot. Money attracts money. People must know. .that the Mehtas are no less than Ambanis or Tatas. Got it? Bhai, we don't want to become so big. It can bring bad luck. Forget these superstitions. Sit in the car and enjoy. I will. But I think you've forgotten.
When you were small, Shantilal Mehta had shown your horoscope to a priest. .he said that you are going to be unlucky in matters of money. When there's money in your pocket, Bad luck makes no difference. This is my astrology. Come on now. Hey, smarty! Come on now! Sit at the back, come on. Come. [phone ringing] Hello. Yes, who's it? Yes, hold on a minute. Phone. Who's it? Says he's from Delhi. Hello? [Swami] 'Greetings, Mehta ji.' It's Santswami, from Delhi. Hari Om, Swami ji. Sorry to trouble you at this hour. The time is not the worry. [Harshad] 'The worry is that you've called.' While I'm here, you have no reason to worry. [Swami] All the help you've extended to the parties during elections. [Swami].is appreciated by everyone here. The country and the government may have undergone some changes after the elections. But in Delhi, everyone would like to maintain the same relations with you. Swami ji, I would love an opportunity to serve the government. [Swami] 'You will soon get the opportunity, and we shall meet soon.' 'Hari Om.' Hari Om. [Song playing]
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