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Ratan Khatri

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Ratan Khatri


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About Ratan Khatri


Ratan Khatri is considered by many to be the pioneer of the gambling/betting movement in India. Khatri, who hails from a Sindhi family, started from humble beginnings and like most Hindu Sindhis living in India, he came to Mumbai from Karachi, Pakistan when he was a teenager during the 1947 partition. He is credited as the person who transformed Matka (a form of gambling in India that originated in Mumbai in 1962) into India\s biggest betting racket and established a nation-wide gambling network that lasted for decades under his control until he retired and decided to relinquish his position. Another key personality in the business during the time matka originated was \"Kalyanji Bhagat.\" Bhagat is known to have actually initiated the earliest forms of this gambling which was further popularized by Khatri. The Matka craze swept Bombay in the 1970s and 1980s and also continued into the

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