Ketan Parekh: The Untold Story

With a humble beginning from his Grandfather’s firm Narbheram Harakchand Securities, to becoming one of the most influential names in the Indian Stock Market, Ketan Parekh is a name that needs no introduction. However, he is also known for numerous wrong reasons, far from the truth.

Most people know Ketan Parekh, but not everyone knows the real person behind this name and his honest story in his own words.

Like most of his family members, Ketan Parekh also started his career in the company his Grandfather established in pre-independence India. Ketan’s father and uncles all worked in their family-run business, and this is where Ketan also started his professional journey. He had an interesting life journey and has witnessed many ups & downs, which have only strengthened him.

How did this all Begin?

Ketan’s journey started in the early 1980s when after completing his education, he started garnering his professional experience by assisting his father & uncles at their family-run firm. At the same time, he also started preparing for his CA and became a certified “Chartered Accountant” in 1985. Being meticulous in approach and hardworking by nature, Ketan was soon able to carve a niche for himself in the world of Finance at a very young age.

With a photographic memory and being someone who liked numbers & figures, along with an interest in how the financial sector works, Ketan soon mastered the art of trading. While Ketan did not initially start his career in the field of trading, but very soon realized that he has got a knack for it.

Ketan became a well-known name in the field with the perfect skill set for trading and attention to detail. His meticulous approach, great effort, and unmatched expertise helped him to become the ITC Bull.

Ketan’s Father Was his Role Model While Growing Up

With his father as his role model, Ketan experienced the world of trading. Ketan’s father was among the best “Jobbers” of the time, and this inculcated the urge to do the best in whichever field you work in. However, Ketan was a risk taker, unlike his father, and liked to indulge in newer ventures. One such venture was investing in software companies that started booming in the late 1990s and early 2000s. Ketan carved a niche for himself with a calculative approach, market research, and thorough understanding. He had put a considerable amount of time into studying companies, their plans, and their potential in these companies.

Truth behind the infamous “Ketan Parekh Scam Story”

As we all know, the trading market is ruled predominantly by two emotions — fear and greed. Some people want to invest in stocks to grow their wealth and reap measurable benefits. On the flip side, some people fear losing money and thus want to get rid of low-performing stocks, that is, to sell the stock they think may result in loss.

At the same time, some risk-takers are backed by thorough research, and a calculative approach can do quite well. Ketan was amongst the top traders in the 1990s, and when he experienced losses, he took an honest approach. He openly admitted the losses, and all his lenders got their money back. With faith in the Indian Judicial system, Ketan has been working for years and doing the right thing.

Ketan has suffered many blows to his reputation, but only a few know about his real journey.

While many people know him as a convicted investor and he was involved in many scams, only a few close ones know how he has Re-Paid a majority of the borrowed money, while a few transactions are currently being processed & finalized. He has been working on doing only the right thing through the years. Ketan has never come out to clear his side of the story, leading to many false statements and speculations. But the time has come for the world to see the actual TRUTH and know him as a person, a trader, and an investor.

About the Second Chances

Ketan believes that to date, he has done the right thing, and whichever risks he took during his trading days, he has suffered for them. Not only did he return all the borrowed money, but he also ensured that he stayed in the country and followed the judicial system’s orders. Ketan has faced all his allegations bravely and has been attending to all the cases that were filed against him with great patience.

He has been strictly following the court orders and trying to correct the things that were wrong as per the Indian Judicial system. Being patriotic, Ketan took a long time back that instead of fleeing the country, he would face all the charges against him and has been continuously working on making things right for almost two decades. However, he is misunderstood to date, and any allegations made against him even 20 years back are still attached to his name. People haven’t even bothered to verify the allegations and what correctional work Ketan has done. Instead, still, associate him with a maligned image.

Everyone deserves a second chance, and more so, the person who has tried to make things right and has followed all the orders given to him by the law. Ketan should, certainly, get a second chance to clear up his name and tell the world what he has gone through, how he managed to survive all that, and above all, what he has done so far (especially concerning the court cases that were filed against him). This is very important that everyone should know how Ketan has followed the law and has come out clean. India has seen worse, especially with people who have fled the country after taking loads of money that belonged to the country. On the flip side, Ketan returned all the money he owned and faced legal punishments, which he accepted. His truthfulness and law-abiding nature need to be brought forward.

Ketan Parekh’s Thoughts About the Current Trading Situation

Ketan has seen the entire trading business and old-school practices undergoing a complete paradigm shift in the last few decades. According to Ketan, the way trading was done 25–30 years ago has significantly changed. There are much safer options now for the people, and one doesn’t need to take a concentrated position in stocks today to make profits. Options like SIPs, mutual funds, etc., are easily accessible to the general public and pose good investment opportunities. Ketan has studied the stock market thoroughly, and many people can benefit from his insights.

People understand finances and trading more today than three decades ago, and one of the biggest proofs of this is the significant increase in the number of Demat accounts in the past 2.5 to 3 years. Before Covid, that is, up till 2020, there was only four crore Demat accounts in India, but as per recent statistics, this number has gone exceptionally high, and at present, there are over 9.5 crore accounts.

In conclusion, it needs to be pointed out that when a name is associated with a scam, whether right or not, it is glamorized and becomes the talk of the town, but when the same person works on correcting his deeds, it goes unnoticed. We as a society need to improve this mentality and see the TRUTH.