Scam 1992: The Harshad Mehta Story is a Hindi biographical financial drama that traces the rapid rise and dramatic fall of stockbroker Harshad Mehta against the backdrop of Bombay’s financial markets in the 1980s and early 1990s. The series turns a complicated securities scandal into a character-driven story about ambition, money, banking loopholes, journalism and regulatory failure.
Pratik Gandhi plays Harshad Mehta, while Shreya Dhanwanthary appears as financial journalist Sucheta Dalal. Directed by Hansal Mehta with Jai Mehta as co-director, the 10-episode series premiered on SonyLIV on October 9, 2020. It is adapted from the book The Scam: Who Won, Who Lost, Who Got Away by Sucheta Dalal and Debashis Basu.
Scam 1992 Web Series Cast
1. Pratik Gandhi as Harshad Mehta
Pratik Gandhi leads the series as Harshad Mehta, the stockbroker whose aggressive market strategies and growing influence made him one of the best-known figures on Dalal Street. The performance follows Harshad from modest beginnings and early work as a jobber to his emergence as the so-called Big Bull of the stock market. The character is shown as ambitious, persuasive and confident, but the series also tracks the financial practices and decisions that eventually bring his empire under scrutiny.
2. Shreya Dhanwanthary as Sucheta Dalal
Shreya Dhanwanthary plays Sucheta Dalal, the financial journalist whose reporting becomes central to uncovering irregularities connected with Harshad Mehta. Her investigation provides the series with a parallel point of view, allowing the story to move between the excitement surrounding Harshad’s rise and the questions being raised about the money flowing through the banking and securities system.
3. Hemant Kher as Ashwin Mehta
Hemant Kher plays Ashwin Mehta, Harshad’s brother and business partner. Ashwin is closely involved in the family’s financial journey and becomes an important presence as Growmore expands and the brothers move deeper into the money market.
4. Anjali Barot as Jyoti Mehta
Anjali Barot appears as Jyoti Mehta, Harshad’s wife. The character represents the family side of Harshad’s life and witnesses the sharp change in the Mehta household as wealth, fame, pressure and legal trouble begin to grow.
5. Chirag Vohra as Bhushan Bhatt
Chirag Vohra plays Bhushan Bhatt, Harshad’s close associate and friend. Bhushan helps introduce Harshad to the practical workings of the stock market and remains connected with him through important stages of his career.
6. Satish Kaushik as Manu Mundra
Satish Kaushik plays Manu Mundra, an influential market operator and one of the major forces Harshad encounters in the competitive world of stock trading. His character adds to the series’ portrayal of rival camps, market cartels and the power struggles behind price movements.
7. Rajat Kapoor as K. Madhavan
Rajat Kapoor appears as K. Madhavan, a senior CBI officer involved in the investigation that follows the exposure of the securities scam. His presence shifts the narrative from market success and journalistic investigation towards law enforcement and accountability.
8. Ananth Mahadevan as S. Venkitaramanan
Ananth Mahadevan plays S. Venkitaramanan, then Governor of the Reserve Bank of India. The character becomes important as suspicious transactions and the broader scale of the banking irregularities begin to attract regulatory attention.
9. K. K. Raina as M. J. Pherwani
K. K. Raina plays M. J. Pherwani, a significant figure in the financial establishment. His role helps the series show how stock exchanges, institutions, brokers and banks were connected during the period.
10. Nikhil Dwivedi as Tyagi
Nikhil Dwivedi appears as Tyagi, another important market player whose presence adds to the rivalry and negotiation surrounding Harshad’s growing influence.
Other notable cast members include:
- Brinda Trivedi as Deepika Mehta
- Kumkum Das as Rasilaben Mehta
- Jay Upadhyay as Pranav Sheth
- Faisal Rashid as Debashis
- Kavin Dave as Rakesh
- Paresh Ganatra as Maheshwari
- Lalit Parimoo as a CBI Director
- Mithilesh Chaturvedi as Ram Jethmalani
- Ramakant Dayma as Shantilal Mehta
Scam 1992 Web Series Crew
Hansal Mehta directed the series, with Jai Mehta serving as co-director. The writing team included Saurav Dey, Sumit Purohit, Vaibhav Vishal and Karan Vyas. The adaptation draws from the book written by Sucheta Dalal and Debashis Basu.
- Director: Hansal Mehta
- Co-director: Jai Mehta
- Writers: Saurav Dey, Sumit Purohit, Vaibhav Vishal and Karan Vyas
- Based on the book by: Sucheta Dalal and Debashis Basu
- Producers: Sameer Nair, Deepak Segal and Indranil Chakraborty
- Production Companies: Applause Entertainment and Studio NEXT
- Director of Photography: Pratham Mehta
- Editors: Sumit Purohit and Kunal Walve
- Music: Achint Thakkar
- Casting Director: Mukesh Chhabra
Scam 1992 Web Series Story
The story begins with Harshad Mehta as a middle-class young man searching for a way to improve his family’s financial position. After entering the Bombay Stock Exchange as a jobber, he learns how the market works and gradually develops the confidence to trade on a much larger scale. With his brother Ashwin and associates around him, Harshad establishes Growmore and begins building relationships with investors and banks.
His ambitions soon extend beyond ordinary stock trading. Harshad enters the money market, where banks use ready-forward deals and bank receipts as part of short-term securities transactions. The series explains these mechanisms through the story rather than treating them as a separate financial lesson, showing how gaps in procedure and weak controls could be exploited.
As Harshad’s access to large sums of money increases, he becomes a powerful force in the stock market. His success attracts public attention, but it also raises questions about how he is financing such large positions. Financial journalist Sucheta Dalal begins following the trail after receiving information about irregular transactions connected with State Bank of India.
Her reporting opens a much bigger story. What initially appears to be a problem involving one broker starts exposing weaknesses across banks, brokers and financial institutions. Regulatory scrutiny increases, investigations begin and Harshad’s carefully built image starts to collapse. The later episodes focus on the legal, financial and personal consequences as investigators try to establish responsibility for the securities scam.
Because the series is based on real events but presented as a dramatized narrative, some characters, conversations and situations are shaped for storytelling. Its central arc, however, remains the rise of Harshad Mehta, the reporting that brought the scandal into public view and the investigations that followed.
How Many Episodes Are There in Scam 1992?
Scam 1992 has one season with 10 episodes. The complete season was released on October 9, 2020.
- Episode 1: Risk Se Ishq
- Episode 2: Cobra Killer
- Episode 3: Paise Ki Dukaan
- Episode 4: Harshad Mehta Is A Liar
- Episode 5: Kundali Mein Shani
- Episode 6: Stop Press
- Episode 7: Dalal Street Ka Dariya
- Episode 8: Matador
- Episode 9: Ek Crore Ka Suitcase
- Episode 10: Main History Banana Chahta Hoon
Scam 1992 OTT Platform and Release Date
Scam 1992: The Harshad Mehta Story premiered on SonyLIV on October 9, 2020. All 10 episodes were made available as part of the first season.
As of September 2026, the series continues to be listed for streaming on SonyLIV in India. The platform offers the show in multiple Indian languages in addition to Hindi. Streaming availability and subscription conditions can change, so viewers should check the current platform listing before subscribing specifically to watch the series.
What Kind of Series Is Scam 1992?
Scam 1992 works as a biographical financial drama, but its structure also gives it the pace of an investigative thriller. The series spends time explaining how Harshad Mehta built his position in the market, while Sucheta Dalal’s reporting provides the counterpoint that gradually questions the source and movement of the money behind that success.
Rather than presenting the stock market as background decoration, the series makes financial institutions, trading practices and regulatory gaps part of the drama. That balance between personal ambition and institutional failure is what gives the story its wider scope beyond a conventional rise-and-fall biography.
