NSE CEO reveals how he was affected by the 1992 Harshad Mehta scam
NSE CEO AK Chauhan recalled that after starting his first job in 1991, he lost ₹50,000 to Harshad Mehta scam when his salary was just ₹3,000. "It took me long time to recoup and payback but idea is to not over-leverage," Chauhan said. Calling leverage "ultimate problem", he said leveraged companies subside when things turn, which happens with individuals too.