Best Share Recovery Agent in Gujarat
Gujarat has one of India’s deepest retail investing traditions, and with it one of the largest stocks of forgotten paper shareholdings. We recover them: IEPF claims, physical certificates converted to demat, and transmission where the shareholder has died.
The work runs remotely from our Gurugram office — documents by courier, verification over video, shares credited to your own demat account. The first assessment is free and there is no advance professional fee.
Serving Gujarat from our Gurugram office · Reviewed 24 September 2026
Why Gujarat holds so many forgotten shareholdings
Gujarati families were among the earliest and most enthusiastic participants in the public issues of the 1980s and 1990s, often applying across several family names at once. Those applications produced exactly the kind of folio that goes quiet: a small holding, bought to keep, in the name of someone who has since died or moved.
The state’s business communities also move — to Mumbai, to the Gulf, to East Africa, the UK and the United States. When the family relocates, the folio keeps the old Ahmedabad or Rajkot address, the dividend warrants stop being collected, and after seven unclaimed years the company transfers the shares and the money to the Investor Education and Protection Fund.
The Varsai certificate, and when you actually need it
In Gujarat the legal heir certificate is the **Varsai certificate**, issued by the Mamlatdar. Applications are made through the Revenue section of the Digital Gujarat portal, in Gujarati or English, with a nominal fee; published guidance puts processing at up to about two months, so start it early if your holding needs one.
Often no such certificate is needed at all. SEBI’s simplified transmission route covers holdings up to ₹10 lakh per company in physical form and ₹30 lakh in demat, on a notarised indemnity bond and an affidavit-cum-NOC from the other legal heirs.
- Death certificate, SEBI’s transmission request form (Annexure-3) and the claimant’s KYC documents
- Notarised indemnity bond and affidavit-cum-NOC from the other legal heirs
- A Varsai certificate from the Mamlatdar, or a succession certificate, only above SEBI’s limits where there is no will
- A demat account in the claimant’s name, with a Client Master List under two months old
What we handle for clients in Gujarat
Areas we cover around Gujarat
Claims are handled remotely across India, with documents collected by courier and identity verified over video. There is no need to travel to our office.
- Ahmedabad
- Surat
- Vadodara
- Rajkot
- Jamnagar
- Bhavnagar
- Gandhinagar
- Anand
Questions from Gujarat
What is a Varsai certificate and do I need one for shares?
It is Gujarat’s legal heir certificate, issued by the Mamlatdar through the Digital Gujarat portal. For share transmission you usually do not need one: holdings within ₹10 lakh per company in physical form can be claimed with an indemnity bond and the other heirs’ affidavit-cum-NOC.
Do you have an office in Ahmedabad or Surat?
No. Our office is in Gurugram and we serve Gujarat remotely, by courier and video verification. We do not claim branches we do not have.
Our family shares are in a company that no longer exists.
It has most likely been renamed or merged, and the holding carried across to the successor company. We trace the current company and registrar from the old certificate.
The family has moved abroad. Can we still claim?
Yes. Documents are signed and authenticated where you live — apostille in most countries, consular attestation in the UAE, Qatar and Kuwait — and the shares are credited to an Indian demat account.
What do you charge?
Nothing in advance and nothing for the assessment. An agreed percentage of the recovered value is charged after the shares are credited, and statutory costs are paid by you at actuals.