Russell Mehta Explained

Russell Mehta
Birth Name:Russell Arunbhai Mehta
Nationality:Indian
Occupation:Businessman
Managing director, Rosy Blue India
Spouse:Mona Mehta
Children:3
Parents:Arunkumar Mehta

Russell Arunbhai Mehta is an Indian businessman. He is the managing director of Rosy Blue India, the Indian arm of the family-owned Indian conglomerate with interests in retail, media, real estate, financial services and diamonds Rosy Blue.

Early life

Russell Mehta is the son of Arunkumar Mehta, a co-founder of B. Arunkumar & Co, founded in 1960 in Mumbai, and which later became Rosy Blue.

Career

Mehta is the managing director of the Indian arm, Rosy Blue India, of the family-owned Indian conglomerate with interests in real estate, financial services, retail and diamonds Rosy Blue.[1] [2]

Rosy Blue is ranked in the top diamond companies of India.[2]

His uncle, Dilip Mehta, appears in both the Panama Papers and the Paradise Papers.[3] "The Mehtas, the prominent Indian diamond business family, have figured on every black-money list obtained by the government or revealed by the ICIJ-The Indian Express investigation so far — Liechtenstein, British Virgin Islands, HSBC Geneva and Panama Papers. They show up in Appleby records as well."[3]

Personal life

Russell Mehta is married to Mona and they have three children.[2] [4]

Mehta's son Viraj Mehta married to Nisha Sheth, daughter of Bharat Sheth of Great Eastern Shipping family in 2012.

In May 2017 in Bahrain, their youngest daughter Diya Mehta married Ayush Jatia, son of Amit Jatia who holds the McDonald's franchise for the west and south of India through his company, Hardcastle Restaurants.[4]

Their other daughter, Shloka Mehta is a director of the Rosy Blue Foundation, and is married to Akash Ambani, the son of Mukesh Ambani, in March 2019.[2] [4] [5] [6]

Notes and References

  1. Web site: India's six diamond kings: Six entrepreneurs minting money in Rs 70,000 crore industry - India's diamond kings: Six entrepreneurs minting money in Rs 70,000 crore industry. The Economic Times. 6 March 2018.
  2. Web site: Ambani scion Akash to be betrothed to diamantaire's daughter Shloka Mehta?. IANS. 4 March 2018. gulfnews.com. 6 March 2018.
  3. Web site: Paradise Papers: on all black money lists, leading diamond firm Rosy Blue is back. 8 November 2017. indianexpress.com. 6 March 2018.
  4. News: Diamonds are a boy's best friend too . 10 August 2022 . The Telegraph . 5 March 2018.
  5. Web site: Who is Shloka Mehta – rumoured fiancée of Akash Ambani. 5 March 2018. india.com. 6 March 2018.
  6. News: PTI . Divyanshu Dutta Roy . Akash Ambani, Shloka Mehta's Dazzling Wedding: See Pictures . 10 March 2019 . . 10 March 2019.