9 Business lessons you can learn from Sucheta Dalal's book turned web series, Scam 1992 | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Sunday
July 06, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
SUNDAY, JULY 06, 2025
9 Business lessons you can learn from Sucheta Dalal's book turned web series, Scam 1992

Thoughts

Saiful Bari
25 May, 2021, 01:20 pm
Last modified: 25 May, 2021, 01:36 pm

Related News

  • Scam 1992 becomes number 1 in IMDB’s top 250 TV
  • Pratik opens up about life before and after Scam 1992 in Humans of Bombay post
  • The Big Bull teaser: Abhishek Bachchan's film will give you Scam 1992 flashbacks
  • Scam 1992 star Pratik Gandhi will be seen in web series ‘Six Suspects’
  • Varun Dhawan refutes rumours of being first choice for Scam 1992

9 Business lessons you can learn from Sucheta Dalal's book turned web series, Scam 1992

This article is all about what you can learn as an aspiring entrepreneur from the book and series

Saiful Bari
25 May, 2021, 01:20 pm
Last modified: 25 May, 2021, 01:36 pm
Saiful Bari. Illustration: TBS
Saiful Bari. Illustration: TBS

Sucheta Dalal and Debashish Basu, two Indian journalists, wrote a book titled The Scam: Who Won, who Lost, who Got Away. The book was written in 1992. The writers tried to investigate the events of the scandal in the Indian stock market in that year. Inspired by this book, last year a series came out named Scam 1992 - The Harshad Mehta Story. 

For many, Harshad Santilal Mehta was a scammer; and for some, he was a genius who used the loopholes in the banking system. Let us not get into that debate, this article is all about what you can learn as an aspiring entrepreneur from the book and series. 

Dream big 

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

Unquestionably you have listened to the phrase before. Any person that has gained massive success, had deeply envisioned their dreams before they became a reality. The dream leads the reality, always. Harshad thought of becoming a stockbroker when he was working as a clerk for 600 rupees per month living in a tiny apartment with his family. No matter how much struggle you have in life, you should dream big. 

Take risk 

Taking risks does not mean you will be successful every time, you can face failures and that is fine. The thought of taking risks may lead you to failure. But even that can advance you into a better person by developing the ability to recover fast from failures. 

When Harshad thought of leaving the job and starting his own trading business, he took a risk. As the market crashed, he lost his capital and he could not trade anymore. 

He recovered his losses by starting a consultancy firm, selling the experience he made from the market and eventually recovered from the loss and got back to trading stocks again! As mentioned earlier, risks can lead you to failure and it teaches you how to recover from losses. 

Meet new people 

Don't just stay at your home office or behind your desk. If you want your start-up to grow, you should become a networking specialist. You can get ideas, funds, insights from people you do not know personally. The ability of networking is one of the most fundamental skills any startup founder can have. In the earlier period of Harshad's career, he met so many people from experienced stockbrokers to senior officials of Banks and government organisations. Every successful meeting helped him reach a new milestone in his business. You will be able to do it if you understand the importance of meeting new people. 

Build a competent team 

One of the biggest duties of an entrepreneur is to drive the team towards high performance. The understandings and connections inside the team are vital. An efficient team will definitely outperform a disconnected organisation, where people operate alone. If you carefully watch, you will see Harshad got to meet many new people and pulled some of them into his team who played a role in his success. 

Get a job 

Sometimes getting a job in your field of business can teach you a lot about the trade and push you several years ahead in the competition. When Harshad decided to become a stockbroker, he got a job in a brokerage firm to learn the business. It was not easy for him to convince his employer to hire him, but he was able to persuade his boss. So, if you want to become an entrepreneur and you need to learn the trade, do not hesitate to get a job. 

Collect data and stay informed 

Numbers are everything in any sort of business in terms of growth. If you ever go to a serious investor, you'll notice that investors always ask for numbers like market size, return on investment, cost per customer acquisition and many others. 

Knowing the numbers is not everything, you have to stay informed about your niche. There will always be new information related to your niche such as new technologies, or government policy or a new trend. Staying updated will always benefit you. 

Reputation is everything 

Businesses spent a lot to build a brand. The reason is to become trustworthy. If someone is not a dependable character, he will hardly succeed. It is applicable to any sort of business or profession. It is necessary to deliver what was agreed. Harshad's personal brand was built because he provided consistent profits to his clients even when he was bearing losses. 

Chase new opportunities 

If you are doing one thing at a time, don't forget to chase new opportunities for the sake of focusing on one particular business. Sometimes you will find other possibilities which can be operated in parallel with your current project. 

Harshad was trading in the stock market and met someone who deals in the money market. It was a new opportunity, and Harshad tried it overlooking rejections and risk factors. It turned out to be a profitable move for his business. 

Stay out of legal troubles  

Last but not least, legal troubles can damage and to some extent destroy your business. Understanding the basics of contracts, tax, intellectual property, are essential for your business. Check your contracts & tax files in the first place. Get your trademark and do not violate other businesses' intellectual property rights to avoid lawsuits. 

In Harshad's last years, he got into legal troubles with tax authorities and many other government agencies which got him arrested. In the end, Harshad was charged with 76 criminal cases and 600 civil suits along with his family members. He was not able to deal with the stresses of legal difficulty and died in jail. 

If you are passionate about an idea don't hesitate to start a business. Starting off is not everything, there are steps and strategies to make an idea work successfully. Your own ideas and tacts with a combination of established strategies can lead you to a thriving entrepreneurial journey. 


Saiful Bari is a student at the Department of Law and Human Rights, The University of Asia Pacific.


Disclaimer: The views and opinions expressed in this article are those of the authors and do not necessarily reflect the opinions and views of The Business Standard.

Sucheta Dalal / Scam 1992

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Infographic: TBS
    Japanese loan rate hits record 2%, still remains cheaper than others
  • Photo: Collected
    Jamaat presses ahead with candidate rollout, announces aspirants for 293 JS seats
  • A quieter scene at Dhaka University’s central library on 29 June, with seats still unfilled—unlike earlier this year, when the space was overwhelmed by crowds of job aspirants preparing for competitive exams. Photo: Tahmidul Alam Jaeef
    No more long queues at DU Central Library. What changed?

MOST VIEWED

  • The release was jointly carried out by the Forest Department and the Chattogram Zoo authorities as part of an ongoing initiative to conserve wildlife and maintain ecological balance. Photo: Collected
    33 Python hatchlings born in Ctg zoo released into Hazarikhil sanctuary
  • File photo of a new NBR office in Agargaon, Dhaka. Photo: UNB
    NBR launches 'a-Chalan' for instant online tax payments
  • Customs bureaucracy: Luxury cars rot at Ctg port
    Customs bureaucracy: Luxury cars rot at Ctg port
  • Infograph: TBS
    How BB’s floating rate regime calms forex market
  • Finance Adviser Salehuddin Ahmed talks to reporters in Brahmanbaria on Saturday, 5 July 2025. Photo: TBS
    Raising savings certificate interest rates will hurt banks: Finance adviser
  • Saleudh Zaman
    ‘We are dying’: Adverse policies drive most textile millers to edge, say industry leaders

Related News

  • Scam 1992 becomes number 1 in IMDB’s top 250 TV
  • Pratik opens up about life before and after Scam 1992 in Humans of Bombay post
  • The Big Bull teaser: Abhishek Bachchan's film will give you Scam 1992 flashbacks
  • Scam 1992 star Pratik Gandhi will be seen in web series ‘Six Suspects’
  • Varun Dhawan refutes rumours of being first choice for Scam 1992

Features

Students of different institutions protest demanding the reinstatement of the 2018 circular cancelling quotas in recruitment in government jobs. Photo: Mehedi Hasan

5 July 2024: Students announce class boycott amid growing protests

1d | Panorama
Contrary to long-held assumptions, Gen Z isn’t politically clueless — they understand both local and global politics well. Photo: TBS

A misreading of Gen Z’s ‘political disconnect’ set the stage for Hasina’s ouster

1d | Panorama
Graphics: TBS

How courier failures are undermining Bangladesh’s online perishables trade

1d | Panorama
The July Uprising saw people from all walks of life find themselves redrawing their relationship with politics. Photo: Mehedi Hasan

Red July: The political awakening of our urban middle class

2d | Panorama

More Videos from TBS

After backing Israel, Iran’s self-styled crown prince loses support

After backing Israel, Iran’s self-styled crown prince loses support

2h | TBS World
Trump says he is about to raise tariffs as high as 70% on some countries

Trump says he is about to raise tariffs as high as 70% on some countries

13h | TBS World
Will political disputes delay the elections?

Will political disputes delay the elections?

14h | TBS Stories
Initiative to break the deadlock created by the US

Initiative to break the deadlock created by the US

14h | TBS World
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net