Pune: It often starts with an old file pulled out while clearing a cupboard.
Inside may be a share certificate bought by a father or grandfather decades ago, a dividend warrant, or a document that no one in the family has looked at for years. What appears to be an insignificant piece of paper can sometimes represent an investment that is still worth lakhs—or even more.
Across India, thousands of families are finding themselves in similar situations. Addresses have changed, paperwork has been misplaced and generations have moved on without knowing exactly what their predecessors invested in.
Estimates suggest that nearly ₹4,00,000 crore worth of financial assets remain unclaimed or disconnected from their rightful owners.
Recovering that money, however, is rarely as simple as finding an old certificate.
The process can involve tracing shareholder records, establishing succession, completing documentation, converting physical shares into demat form and, in some cases, filing claims with the Investor Education and Protection Fund (IEPF). For families dealing with investments made decades ago, the paperwork can quickly become overwhelming.
This is where a relatively unusual financial-services business is emerging.
Clearclaim, a Pune-based investor services firm, helps families trace and recover old shares, unclaimed dividends and other financial assets. Its work includes physical-to-DEMAT conversion, duplicate share certificates, transmission cases and IEPF claims.
For co-founder and CEO Shrikant Pandore, the problem is often one of awareness rather than the absence of wealth.
“Our goal is to take a very complicated process and make it simple for investors,” he says. “Several families do not even know the wealth hidden in old investments.”
He further said that “Clearclaim has assisted hundreds of clients and facilitated the recovery of more than ₹150 crore worth of shares and dividends.”
“Behind every recovery, however, is often a family story or a forgotten investment rediscovered while handling the affairs of a deceased parent, an old certificate found during a house move, or an inheritance that no one knew existed. Many investors assume that missing documents mean the money is gone. Others keep postponing the process because it appears too complicated.” He added.
As India’s investor base grows and wealth increasingly passes from one generation to another, companies such as Clearclaim are finding a growing role in helping families navigate this forgotten corner of the financial system.
The irony is that this is not necessarily wealth that was lost.
In many cases, it was simply forgotten—and is now waiting to be found.
For more information please visit www.clearclaim.in
