Harshad Metha’s Wife’s Portfolio

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Harshad Metha’s Wife’s Portfolio



As of the first quarter of 2025, Bhavna Harshad Mehta, the widow of Harshad Mehta, holds a significant stake in RIR Power Electronics Ltd., owning 59.15% of the company. This holding is valued at over ₹1,030 crore, making it her sole publicly disclosed investment at this time.

In contrast, Jyoti Mehta, another individual associated with the Mehta family, has a diversified portfolio comprising six publicly listed stocks, with a total net worth exceeding ₹11.2 crore. Her investments include companies such as Novateor Research Laboratories Ltd., Chembond Chemicals Ltd., Comfort Fincap Ltd., Integrated Proteins Ltd., Nirbhay Colours India Ltd., and Shukra Pharmaceuticals Ltd.

Over the years, the Mehta family has been actively involved in legal proceedings to recover assets and address financial claims stemming from the 1992 securities scam. Their efforts have led to the recovery of approximately ₹3,000 crore in attached assets, a reduction of bank claims by ₹2,000 crore, and a decrease in tax demands from ₹30,000 crore to ₹4,000 crore. Additionally, they have secured refunds totaling ₹814.33 crore from the Income Tax Department, with further refunds of ₹5,500 crore pending .


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