Two people played a huge role in Indian stock markets – Harshad Mehta and Ketan Parikh – albeit for all the wrong reasons. They became catalysts for huge changes we have seen in Indian capital markets. Indian capital market is one heck of a story which is hardly given the attention. Post 1991, this is one area which could top the list of achievements. India is pretty much a capital market story now.
Came across two recent articles on these two individuals. One on Harshad Mehta whose case continues despite him being dead 15 years ago. Another on Ketan Parikh whose portfolio of 7 stocks continue to do well (there were 10 actually but three don’t exist anymore)..