Featured BiographyImage source: StarsUnfolded
Quick Info
Date of birth1965
Age60 years
BirthplaceMumbai, Maharashtra
ProfessionChartered Accountant
NationalityIndian
Marital statusMarried
FamilySon - Mithil Dalal
Amber Dalal Biography
Amber Dalal was born in 1965 and is from Mumbai, Maharashtra. As of 2024 he is 59 years old. He holds Indian nationality and has lived in Mumbai for most of his life.
Early life and backgroundAmber Dalal was born in 1965 and is from Mumbai, Maharashtra. As of 2024 he is 59 years old. He holds Indian nationality and has lived in Mumbai for most of his life. Public records list his hometown as Mumbai and an address in the Andheri West area of the city.
Career
Dalal trained and worked as a chartered accountant. He became known in financial circles through Ritz Consultancy Services, a finance consultancy firm he owned and operated in Thane, Mumbai. Over time he developed a client base that reportedly included investors from India and abroad.
Beginning in 2010, Dalal solicited investments from individuals by offering to place their funds in commodities and other financial opportunities. He communicated a promise of monthly returns in the range of 1.5 to 2 percent. For more than a decade, according to investor statements, he made periodic payments that included a return of capital plus interest and profit, with payments typically due by the 10th of each month.
Public profile
Dalal’s client network, as described in complaints and police material, included investors in multiple countries. Reports indicate clients were located in U.S. states such as California, New Jersey, and North and South Carolina, and that his clientele extended to the United Kingdom, Australia, China, and the United Arab Emirates. Some public accounts also describe investments by prominent individuals among his clients.
Allegations and legal action
Investor complaints and subsequent police investigations allege that Dalal collected funds from a large group of clients over a 13-year period. According to filings from the investigating authorities, problems arose when he failed to make scheduled payments on 14 March 2024. When investors sought him at his residence they were informed he had left, and a formal complaint was lodged at the Oshiwara Police Station in Mumbai.
The complaint led to charges being registered under sections of the Indian Penal Code including 420 (cheating and dishonesty) and 406 and 409 (criminal breach of trust), as well as provisions of the Maharashtra Protection of Interest of Depositors Act. Investigators calculated the total amount involved to be approximately Rs. 150 crores. Fourteen days after the complaint was filed, police arrested Dalal in Dehradun, Uttarakhand.
Some investor allegations documented during the probe include claims that Dalal held property abroad and had financial connections in offshore jurisdictions. Multiple online complaints were reported to have been filed with U.S. authorities. These claims formed part of the investigative record but are presented in public reporting as assertions from investors and police documents.
Personal life
Public information lists Dalal as married and notes that he has a son named Mithil Dalal. Physical descriptions in the available material list black eyes and black hair. His car collection has been reported to include a Mercedes.
Latest updates
By late April 2024 public reporting summarized the actions taken by investors and law enforcement: complaints were filed, an investigation quantified funds involved, and authorities effected an arrest in Dehradun roughly two weeks after the complaint. The legal process and any subsequent court proceedings were ongoing at the time of the most recent update.
Editorial Review and Sources
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Ownership
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Recent Work
Finance consultation firm owned and operated by Amber Dalal in Thane, Mumbai.
—Career Highlights
- Chartered accountant by profession
- Founder and owner of Ritz Consultancy Services in Thane, Mumbai
- Solicited investor funds from 2010 onward offering monthly returns
- Arrested by police in Dehradun following investor complaints and investigation (March–April 2024)
Frequently Asked Questions
When was Amber Dalal born?
Amber Dalal was born on 1965.
What is Amber Dalal known for?
Amber Dalal is known for chartered Accountant.
What is Amber Dalal’s marital status?
Amber Dalal's marital status is listed as Married.

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