Mehta was born in Mehmadpur, a small village in Palanpur district, India,[1] in Gujarati Jain family.

[2] Mehta and his wife Shardaben, had four children, sons Sudhir and Samir, and daughters Meena and Nayna.

It was a big step at a time when only multinational companies manufactured specialty drugs, and subsequently Mehta went on to establish Torrent Laboratories in 1976.

Today, Torrent is a large company engaged in the business of pharmaceutical goods and power generation.

[2] He was conferred with numerous felicitations, including the ‘Business Man of the Year’ award in 1996-97 from the Government of India.