Director (along with Jai Mehta) does an exceptional job of recreating 1992 Bombay. The show's aesthetics—from the cars, fashion, and phones to the frantic energy of the BSE—transport the audience back in time. The use of practical effects and authentic locations enhances the retro, gritty feel of the series. 4. The Financial Scam Explained: How it Worked
Q: How many episodes are there in Scam 1992: The Harshad Mehta Story Season 1? A: There are 8 episodes in Scam 1992: The Harshad Mehta Story Season 1.
Interestingly, the path to SonyLIV was not smooth. Director Hansal Mehta has since revealed that the series was initially rejected by "every OTT platform" before being picked up by SonyLIV. The team was initially disheartened by the platform's relatively low visibility at the time, but the show's eventual success proved all the naysayers wrong and catapulted SonyLIV into the big leagues of Indian streaming.
Hansal Mehta’s direction, combined with the screenplay by Sumit Purohit, Vaibhav Vishal, and Karan Vyas, keeps the pace tight across all 10 episodes.
The web series, Scam 1992: The Harshad Mehta Story, is a dramatized account of Mehta's rise and fall. The show is directed by Hansal Mehta, who has done an excellent job of recreating the atmosphere of the 1990s and capturing the essence of Mehta's character. The show stars Ajay Mishra as Harshad Mehta and Shailesh Lodhi as his friend and accomplice, Manoj Patil.
To fuel his aggressive market buying, Harshad looks beyond retail money. He taps into the massive, unregulated capital of institutional banks via the mechanism. By exploiting Bank Receipts (BRs) —which acts as IOUs between banking institutions—Harshad convinces corrupt bank officials to issue fake BRs. He secures hundreds of crores in short-term cash, redirecting those funds straight into the stock market to engineer artificial rallies. 3. The Climax and Exposure
The series succeeds because it refuses to preach. It presents the facts, injects the emotion, and leaves the judgment to the viewer. In doing so, it cements Harshad Mehta’s place not just in the history of financial crime, but in the cultural imagination of India as the man who flew too close to the sun on wings made of worthless bank receipts.
However, the bubble was made of thin air. Enter Sucheta Dalal (Shreya Dhanwanthary), a tenacious journalist at The Times of India . Her dogged investigation—culminating in the famous article "Scam: Who will Bell the Cat?"—exposes the fraudulent mechanism. As the stock market crashes, the banks face a deficit of over ₹4,000 crore (a staggering sum in 1992). Harshad Mehta is arrested, and the narrative shifts from the euphoria of the bull run to the grim reality of jail cells, parliamentary inquiries, and a man trying to defend an indefensible system.