Sucheta Dalal: The Journalist Who Exposed Harshad Mehta


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Sucheta Dalal is a legendary Indian journalist and author who became very famous for reporting on Harshad Mehta’s scam. Sucheta Dalal has had a long and illustrious career in the field of Indian journalism. In this post, we will find out more about Sucheta Dalal. Let’s get started. 

Sucheta Dalal: All You Need To Know

Who is Sucheta Dalal?

Sucheta Dalal is a famous senior journalist from India. Sucheta Dalal has exposed many wrongdoings in her journalism career, due to which she has been honored with awards many times. She has been a journalist for two decades and was awarded the Padma Shri for journalism in 2006. She was the financial editor of The Times of India until 1998. She was then a consulting editor with the Indian Express Group and wrote columns for the Indian Express and the Financial Express until 2008. 

When was Sucheta Dalal born?

Sucheta, a senior journalist who has made her mark across the country, was born in 1962 in Mumbai, the capital of Maharashtra. Since her birth, Sucheta Dalal kept only two things in her mind and she fulfilled both her dreams as she grew up.

Sucheta Dalal stopped being a journalist and took up her work and on the other hand, due to her interest in business, she thought of becoming a business journalist.

Where did Sucheta Dalal study?

Sucheta Dalal did her early schooling in Mumbai. After this, she completed her graduation in Statistics (B.Sc) from Karnataka College, Dharwad. Apart from this, Sucheta has also obtained degrees in LLB and LLM from Bombay University.

When did Sucheta Dalal start her journalism career?

Sucheta Dalal first started her career in 1984. She did all her work with great honesty throughout her career and due to her hard work and ability, she also became the financial editor of The Times of India.

Sucheta Dalal started her career as a journalist with the magazine Fortune India in 1984. Sucheta Dalal then became a journalist in the business and economics wing of The Times of India in 1990. Due to her hard work and innate talent, Sucheta Dalal became the financial editor of The Times of India after some time. After this Sucheta Dalal worked for Times of India till 1998.

Sucheta Dalal was a consulting editor at the Indian Express Group, after which her husband Devashish Basu started a magazine called Moneylife, to which Sucheta contributed. Today Sucheta is also the managing editor of this magazine.

In 2010, she also started the Moneylife Foundation. Apart from this, Sucheta also worked for 6 years as a member of the Investor Education and Protection Fund of the Ministry of Corporate Affairs.

Is Sucheta Dalal with MoneyLife?

In 2006, she began writing for MoneyLife, a fortnightly magazine on investing started by her husband Debashis Basu. She is now the managing editor of Moneylife magazine. In 2010, responding to poor financial literacy in India, she and her husband founded MoneyLife Foundation, a not-for-profit organization based in Mumbai. She has been a member of the Investor Education and Protection Fund of the Ministry of Corporate Affairs for six years. In 1992, she was awarded the Chameli Devi Jain Award for Outstanding Women Arbitrators.

Who is Sucheta Dalal married to?

Sucheta Dalal is married to Devashish Basu and he is also a journalist and chartered accountant by profession. Devashish Basu is not only a journalist but also the owner of Moneylife magazine. Sucheta Dalal does not have any children yet.

How tall is Sucheta Dalal?

Sucheta Dalal is 5 feet 2 inches tall. 

What is Sucheta Dalal’s net worth?

Sucheta Dalal does not reveal much about herself, so exact information about her net worth is not available. However, according to some reports and estimates, his net worth is somewhere around one crore rupees. Presently, Sucheta Dalal is in her 50s and she is serving in many types of government and non-government organizations.

Sucheta Dalal: Writing Career

Sucheta Dalal is very fond of writing. Therefore, she often writes on investor-related, capital markets, infrastructure, and consumer issues.

Sucheta also wrote the biography of a very famous industrialist, economist, and banker Eddie Shroff, also known as Shroff: Titan of Finance and Free Enterprise.

Sucheta Dalal often conducts her seminars and discusses various topics and subjects on TV to create awareness among her viewers. You can watch many of her videos on YouTube, in which you will find her giving her valuable insights on many subjects.

Sucheta Dalal helps people with mutual funds, a redressal mechanism for insurance and other financial matters through her credit helpline.

Who helped Sucheta Dalal uncover the Harshad Mehta scam?

Many people ask who helped Sucheta in uncovering the 1992 scam or who were Sucheta Dalal’s sources of information. According to an article published on Republic, Sharad Bhilari, who worked in the PR department of SBI, was the first person who informed Sucheta Dalal about Harshata Mehta’s scam. Karamchand also gave much important information to Sucheta. Some people have also claimed that the RBI Governor at the time, R Venkataraman was also one of Sucheta Dalal’s sources.

Has the National Stock Exchange sued Sucheta Dalal?

Recently, Sucheta Dalal has been embroiled in a huge controversy, in which in the year 2015, not one or two but one case of defamation worth Rs 100 crore was registered against Money Style magazine by the National Stock Exchange. 

How did Sucheta Dalal expose Harshad Mehta?

Harshad Mehta was carrying out a big scam by taking advantage of his connections in different banks. Sucheta Dalal conducted an investigation and told the nation how Harshad Mehta used to take loans from banks for 15 days to invest in the stock market with the help of insider trading info. Sucheta Dalal also informed India about how Harshad Mehta carried out a scam of Rs 4000 crore by taking money from other people.

Due to Sucheta Dalal’s journalism and investigation, the police conducted their investigation, in which Harshad Mehta was found guilty and he was jailed. Because of this, Sucheta Dalal became a globally renowned journalist.

Sucheta Dalal in Scam 1992

“Scam 1992 – The Harshad Mehta Story” is a popular web series directed by Hansal Mehta which was released on the Sony Liv app on 9 October 2020. In this show, the role of Sucheta Dalal is portrayed by Shreya Dhanwanthary. The entire show was based on Sucheta Dalal’s book The Scam: Who Won, Who Lost, Who Got Away.


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