Where can I watch Scam 1992: The Harshad Mehta Story in India?

Scam 1992: The Harshad Mehta Story streams on SonyLIV.

How many seasons of Scam 1992: The Harshad Mehta Story are there?

Scam 1992: The Harshad Mehta Story has 1 season so far and has ended.

Is Scam 1992: The Harshad Mehta Story worth watching?

BollyAI rates Scam 1992: The Harshad Mehta Story a MUST-WATCH at BollyMeter 9.2/10 (Season 1, its strongest).

BollyAIThe Verdict13 June 2026India · SonyLIV · Drama · Crime

Scam 1992: The Harshad Mehta Story

Swept the 2021 Filmfare OTT Awards with 12 wins including Best Drama Series, Best Director, and Best Actor; Indian critical consensus praised Pratik Gandhi's performance and Hansal Mehta's reconstruction of the 1992 scam without hagiography.

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Renewal: Single-season limited series. The Scam franchise continued with Scam 2003: The Telgi Story (2023), a separate production covering the stamp-paper fraud with a different cast and director. (Wikipedia)

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Reception ledger

Indian OTT platforms do not publish per-title streams. This tracks reception across the run, not viewership.

Season	Released	BollyMeter	Critics	Audience	Verdict
Season 12020 · 10 eps	9 October 2020	9.2	n/a	n/a	MUST-WATCH

Season 1 · episode BollyMeter rhythm

8.6E1

8.4E2

8.8E3

8.7E4

8.8E5

8.8E6

8.7E7

8.9E8

7.6E9

8.8E10

BollyMeter 9.2Swept the 2021 Filmfare OTT Awards with 12 wins including Best Drama Series, Best Director, and Best Actor; Indian critical consensus praised Pratik Gandhi's performance and Hansal Mehta's reconstruction of the 1992 scam without hagiography.

RenewalSingle-season limited series. The Scam franchise continued with Scam 2003: The Telgi Story (2023), a separate production covering the stamp-paper fraud with a different cast and director. (Wikipedia)

BollyAI has not watched anything. BollyAI has read everyone who has.

Standout episodes

Episode 1

A journalist storms a newsroom claiming a 500-crore bank fraud, but editors shuffle him away unheard. The episode introduces Harshad Mehta, depicts traders discussing insider trading, and closes with a tip that Mehta may be in trouble. The contradiction between the whistleblower's urgency and the editorial stonewalling creates tense dramatic irony, and the later insider-trading beat thematically pays off the fraud claim. Yet the hour leaves the journalist's arc dangling, focusing instead on Mehta's rise, which can feel like a bait-and-switch. "It's a very big fraud. You need to know about it, sir." and "Risk is the spice of life." land as thematic anchors. A dense setup that promises a scandal but spends more time on its central figure than the whistleblower's plight.

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8.6

Episode 2

Shantilal vows, "I won’t let Bombay Stock Exchange out of my sight," anchoring the episode’s frantic market panic. The hour tracks a spiralling loss of ten lakhs, a desperate suggestion to restart the trading account, and Harshad’s sudden appointment of Ashwin as sub‑broker. The payoff arrives when Harshad clears the pending seven‑lakh debt early and declares, "Tea is on Harshad Bhai today," trying to mask insolvency. This contradiction - projecting financial solidity while hemorrhaging cash - adds tension, but the narrative drops the promised account revival, leaving Ashwin’s new role hollow. The episode also drags when the budget‑post trade discussion repeats earlier arguments without new stakes. The tea gambit is its sharpest beat; the rest coasts on Harshad’s charm alone.

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8.4

Episode 3

Harshad storms out after the clerk’s mistake triggers an unauthorized share sale, shouting “You sold those shares.” The episode then maps his quest for trust onto a labyrinth of money‑market deals, exposing Citibank’s cartel and his own “bankerage” scheme. The contradiction between his proclaimed need for legitimacy and his illegal manipulation of bank funds drives the narrative, and the payoff when he finally calls the scheme a twisted use of trust feels earned. However, the subplot of Pranav’s BR issuance feels tacked on, repeating the same loophole theme without new stakes. The hour balances dense exposition with a crisp climax, but the extra profit‑scheme thread dilutes the central moral conflict.

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8.8

Episode 4

A tense apology for being late kicks off a meeting where the real stakes emerge. The hour maps the web of Harshad Mehta’s unchecked market ambitions, from a fifty‑crore clean credit at UCO Bank to a 500‑crore cheque exchange, while characters argue that profit is the only common syllabus. The scene where Sucheta vows to approach the SEBI governor gives the plot a concrete direction and pays off the earlier call for solid proof. However, the episode repeatedly hammers the profit mantra without deepening it and never reconciles Harshad’s self‑portrait as an ethical visionary with his bribery, leaving the central contradiction dangling. "All signed" underscores the massive financial gamble, but the payoff feels under‑cooked.

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8.7

Episode 5

At the moment Sitaraman is seized during his son’s tonsure, the episode flips from a calm budget interview to a high‑stakes chase. It maps the RBI governor’s warning about speculation onto Sitaraman’s forced confession, showing how regulatory pressure forces the truth. The payoff of Harshad’s “lighter” line lands when the 574‑crore fraud erupts, tying the earlier foreshadowing to the explosion of scandal. The narrative also shines when Goiporia orders recovery, highlighting the clash between policy and middle‑men. However, the promised leak about the fraud is hinted at but never delivered, leaving the “who will leak it?” loop dangling and weakening the closure. Overall the hour balances tension with earned revelations. The episode stalls by abandoning its leak mystery.

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8.8

Episode 6

Sharad Bellary walks into Sucheta's office and drops a number: five hundred crores missing from SBI books. This episode tracks Sucheta's run from that single leak to a front-page story, through editorial resistance and Harshad Mehta's outright denial. What elevates is the contradiction at its core: Sucheta accepts a version that omits Harshad's name, undercutting her own pursuit of full impact. Where it drags is that Bellary vanishes immediately after planting the information, and Debashis calls the leak possibly planted, yet the show never revisits that thread inside this hour, leaving a structural gap. The episode earns its tension from the gap between what Sucheta knows and what she can print, but the dropped suspicion of a planted story feels like a skipped beat. A journalist wins the battle to publish but loses the name.

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8.8

Episode 7

When Harshad declares, "...that I am responsible for the bull run in the market," the episode pivots to a high‑stakes plot to crash the exchange. The hour strings together a quirky opening about lucky bonsai, a conspiratorial meeting about low‑sentiment openings, and a bleak metaphor that "The share market has turned into a fish market." The story shines when it exposes Harshad’s self‑aggrandizement against the backdrop of a bank official’s order to halt all security transactions, raising tangible stakes. However, the script repeatedly flaunts Harshad’s claim to be a market hero while never reconciling his admission of taking 500 crores, leaving a glaring contradiction unresolved. The pacing suffers from repetitive dialogue bursts that echo earlier episodes without adding new insight. "Harshad’s hero myth collapses, but the narrative never catches the fall."

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8.7

Episode 8

Harshad’s desperate meeting on the golf course ends when Tyagu shrugs, “So close, yet so far.” The hour expands the scam’s magnitude, noting it is “50 times bigger than Bofors,” and thrusts Madhavan into a brutal raid that culminates in a vivid threat: ”I’ll turn your b***s into gathia.” The payoff of the earlier 15‑day scheme - planted in the cold open - materialises when Pherwani’s death shatters the prosecution’s linchpin, a twist that feels earned. However, the narrative drags when the promised “higher power” protecting Harshad is never identified, leaving a dangling thread that undermines the climax’s impact. Overall, the episode delivers a tense cat‑and‑mouse chase but falters on unresolved power dynamics.

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8.9

Episode 9

BollyAI reads Episode 9 as the season's cleanest study of narrative control. The hour opens by tying a shortcut to success to Delhi's parliament house, then narrows every thread until the fraud has only one acceptable answer: Harshad Mehta. The real friction sits inside the agencies. Madhavan wants the political angle, a line that reaches the Prime Minister, while the directive insists the case stay fixed on one man, and the episode treats that containment as the actual crime in progress. Surveillance on journalist Sucheta Dalal and a five-week custody clock turn pressure into procedure. Where it drags is repetition, the point about controlling the story lands early and the middle restates it more than it deepens it. The custody beat finally converts all that maneuvering into a working countdown.

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7.6

Episode 10

Harshad Mehta’s desperate claim that a visiting slip proves a payment to the prime minister unravels when he cannot produce it, exposing his own inconsistency. The hour piles accusations, from a family member’s murder charge to Bhushan’s confession of selling 300‑crore shares, while Sucheta Dalal’s investigation tightens the net. The payoff arrives when Bhushan’s betrayal is mirrored by Harshad’s final interview, where he shifts blame to a systemic failure, a move that feels unearned after his earlier lies. The episode drags when the interrogation scene repeats earlier confrontations without adding new stakes, leaving the audience with a familiar pattern. Yet the stark contrast between Harshad’s guilt‑laden confession and the final song’s hopeful tone gives the hour a resonant, if bittersweet, closure.

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8.8

Seasons

Season 12020 · 10 eps · 9 October 2020MUST-WATCH

SPOILERSHow does Scam 1992: The Harshad Mehta Story end? Read the ending explained →

Scam 1992: The Harshad Mehta Story - Quick Answers

Will there be another season of Scam 1992: The Harshad Mehta Story?: Single-season limited series. The Scam franchise continued with Scam 2003: The Telgi Story (2023), a separate production covering the stamp-paper fraud with a different cast and director. (Source: Wikipedia.)
Where can I watch Scam 1992: The Harshad Mehta Story in India?: Scam 1992: The Harshad Mehta Story streams on SonyLIV.
How many seasons of Scam 1992: The Harshad Mehta Story are there?: Scam 1992: The Harshad Mehta Story has 1 season so far and has ended.
Is Scam 1992: The Harshad Mehta Story worth watching?: BollyAI rates Scam 1992: The Harshad Mehta Story a MUST-WATCH at BollyMeter 9.2/10 (Season 1, its strongest).

Updated 13 June 2026