A 30-year-old man, Ravindra Shivaji Kolhe, ended his life by setting himself on fire after facing severe financial distress due to losses in the share market. The tragic incident took place on Wednesday (26) in the Satpur area, where he suffered 98 percent burns. Despite efforts to save him, he succumbed to his injuries during treatment.
Ravindra, originally from Vitai in Chandwad taluka, was living in the Khutwadnagar area. He had initially worked in a private insurance company before joining a private bank. Over time, he invested a significant amount of money in the share market, including funds that he had received but had not given to his parents.
However, with the stock market experiencing a downturn in recent days, he suffered a massive loss of approximately ₹16 lakh. The financial crisis left him deeply distressed, and he struggled with the thought of repaying the amount he had lost. The burden of guilt for not informing his parents about the investments added to his mental anguish.
Overwhelmed by the situation, Ravindra went to an open ground near Jyoti Vidyalaya in Pimpalgaon Bahula village. There, he poured petrol from his bike onto himself and set himself on fire. Passersby and locals rushed to his aid, but by the time help arrived, he had sustained severe burns.
He was immediately taken to a hospital for treatment, but doctors could not save him. His death has left his family and friends in deep shock. The police have registered the incident and are investigating the circumstances surrounding the case.