This story sounds like a film script, but it is completely true. You must have heard that due to a small mistake people lose lakhs and crores in the stock market. But a case contrary to this has come to light. It was someone else’s fault, someone else became a millionaire. This matter has been in the news for the last few days.
Actually, due to a technical glitch, a trader from Mumbai became a millionaire in just 20 minutes. This trader made a profit of Rs 1.75 crore. Let us know the whole story.
Gajanan Rajguru, a resident of Mumbai, had a demat account in Kotak Securities. stock market Used to trade in, suddenly due to a mistake of Kotak Securities, Rs 40 crore came into the account of Gajanan Rajguru. At first he was surprised, then he took advantage of this fund and made about Rs 2.38 crore by trading in Futures and Options (F&O) in just 20 minutes. This matter is of the year 2022.
First loss then suddenly profit of crores
It is reported that Rajguru had to suffer a loss of Rs 54 lakh during the first trade. Then without wasting any time he changed his strategy, the deal which was in loss turned into a profit of Rs 2.38 crore within minutes. After deducting all taxes and expenses, Rajguru made a total profit of Rs 1.75 crore.
Till now the matter is clear, but after this Kotak Securities realized its mistake. Immediately Rs 40 crore was withdrawn from Gajanan Rajguru’s account. After that Kotak Securities also started demanding profit of Rs 1.75 crore from Rajguru. The matter reached the court. Meanwhile, in December 2025, the Bombay High Court declared the demand of Kotak Securities wrong, the court said in its order that the trader has made profit on the basis of his skill and ability to take risk.
Court said, brokerage’s claim is wrong
Bombay High Court said that this entire matter does not fall under the ambit of ‘undue advantage’. Also, Kotak Securities has not suffered any loss due to this mistake. In such a situation, they cannot make any claim on the profit. However, an appeal has been filed again by brokerage house Kotak Securities. Which will be heard in the court on 4 February 2026. Till then the court has given an interim order to keep Rs 1.75 crore with Rajguru.
Let us tell you, trading in F&O is quite risky. Despite this, people are increasingly getting attracted to it in the last few years. Market regulator SEBI’s data also shows that 9 out of every 10 investmentThey lose their hard earned money in F&O.
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