Ketan Parekh was once a well-known stock market trader in India, who gained fame for his investments in technology and media companies, particularly the K-10 stocks. However, his reputation took a nosedive when he was implicated in a stock market scam in 2001, leading to his downfall. In this article, we will delve into the life of Ketan Parekh, his net worth, family, and what led to his downfall.
Who is Ketan Parekh?
Ketan Parekh was born in Mumbai, India, in 1965. He started his career as a chartered accountant before venturing into the stock market. He gained fame in the late 1990s and early 2000s for his investments in technology and media companies, particularly the K-10 stocks.
 |
| Ketan Parekh |
Ketan Parekh's Net Worth
At the height of his career, Ketan Parekh's net worth was estimated to be around Rs. 600 crore. However, his downfall led to the seizure of his assets by the authorities, and his current net worth is unknown.
 |
| Ketan Parekh |
Ketan Parekh's Family
Ketan Parekh is married and has a daughter named Deesha Parekh. His daughter is a filmmaker who has made several short films.
Is Ketan Parekh Alive?
Yes, Ketan Parekh is alive. After his conviction in the stock market scam, he served a sentence in prison and was released in 2017.
Ketan Parekh's Wife
Not much is known about Ketan Parekh's wife, as she has largely stayed out of the public eye.
Where is Ketan Parekh Now?
After being released from prison, Ketan Parekh has kept a low profile. His current whereabouts are unknown.
What Happened with Ketan Parekh?
Ketan Parekh's downfall came in 2001 when the Securities and Exchange Board of India (SEBI) started investigating his involvement in manipulating stock prices. It was found that he had formed a cartel with brokers and had rigged the prices of several stocks, leading to a market crash. He was banned from trading in the stock market and was sentenced to prison for his involvement in the scam.
What is Ketan Parekh's Net Worth?
After his assets were seized by the authorities, Ketan Parekh's current net worth is unknown.
What are the K-10 Stocks of Ketan Parekh?
The K-10 stocks were a group of ten stocks that Ketan Parekh heavily invested in. They were Himachal Futuristic, Zee Telefilms, Global Tele, Padmini Tech, DSQ Software, Aftek Infosys, Silverline Technologies, Pentamedia Graphics, SSI Ltd, and Lupin Labs. |
| Ketan Parekh |
Conclusion
Ketan Parekh was once a prominent figure in the Indian stock market, known for his investments in technology and media companies. However, his involvement in a stock market scam led to his downfall and ban from trading in the stock market. Despite his controversial legacy, his story remains an important part of the history of the Indian stock market.
