Share Recovery Agent in Mumbai
More unclaimed Indian shareholding traces back to Mumbai than to anywhere else, for the simple reason that this is where the retail equity habit started. We help Mumbai families recover certificates in a parent’s or grandparent’s name, folios that stopped paying dividends, and holdings the IEPF absorbed after seven unclaimed years.
The work runs remotely — documents by courier, identity verified over video, shares credited to your own demat account. The first assessment is free and there is no advance professional fee.
Serving Mumbai, Maharashtra · Mumbai Suburban district from our Gurugram officeReviewed 25 September 2026
Why so much of it sits in Mumbai
Mumbai households were buying equity a generation before most of the country. The public issue boom that ran from the late 1970s through the 1990s was underwritten by Bombay retail money, applied for on paper, in joint names, from addresses in chawls, co-operative housing societies and the suburbs that were then still being built. Those allotments produced physical certificates that were never dematerialised, because the holder saw no reason to.
Two things then went wrong at scale. Families moved — from the island city to the suburbs, from the suburbs to Thane and Navi Mumbai, and from Mumbai to the Gulf, the United States and Canada — while the folio kept the address of a flat long since sold. And the generation that bought the shares died, often without telling anyone what they held. Dividends bounced, then stopped, and after seven years the shares went to the IEPF.
The compensating advantage is that Mumbai is also where the registrars are. The transfer agents that administer most Indian folios run their principal operations from this city, which shortens nothing procedurally but does mean documents rarely have far to travel.
What Maharashtra families need to produce
In Maharashtra the legal heir certificate (varas praman patra) is issued by the Tahsildar of the taluka, applied for through a Setu or Aaple Sarkar centre, after the Talathi verifies the family details. Mumbai is the exception worth knowing about: residents of the city can also obtain an heirship certificate from the Bombay City Civil Court, which registrars accept and which is sometimes faster than a succession certificate.
In many cases no such certificate is needed. 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 Tahsildar’s heirship certificate, a Bombay City Civil Court heirship certificate, or a succession certificate — only above SEBI’s limits and 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 Mumbai
How a Mumbai claim actually runs
Five stages, the same wherever you are. Nothing here needs you to travel, and nothing is billed until the last one.
- 1
Free assessment
You send whatever you have — a certificate, a folio number, a name, sometimes only a company. We tell you what exists and what it is likely worth before you commit to anything.
- 2
Tracing and confirmation
We search the IEPF records and write to the registrar to confirm the holding, the corporate actions applied to it since, and who it currently stands in the name of.
- 3
Documents assembled
Death certificate, heirship evidence, indemnity bond, NOCs, KYC and the demat account details — prepared in the order the registrar and the company will want them.
- 4
Filing and follow-up
Form IEPF-5, the transmission request or the duplicate issue is filed, and we chase the company Nodal Officer and the Authority until the verification report moves.
- 5
Shares credited
The securities are credited directly to your own demat account. Our fee becomes payable at this point, and not before.
Zero advance fee — what Mumbai clients pay, and when
We charge no advance professional fee. Our fee is a percentage agreed with you before we start, payable only once the shares or dividends have reached your own demat or bank account. If nothing is recovered, you owe us no professional fee at all.
- Nothing to pay for the assessment, and nothing while the claim is running
- The percentage is fixed in writing before any work starts — it does not move later
- Statutory and third-party costs — stamp duty, notary, court fees, newspaper notices — are paid by you at actuals, with receipts
- Shares are credited to your account, never to ours; we never take custody of your securities
Anyone who asks you for money before a claim has been assessed is worth walking away from. Read the full fee policy.
Areas we cover around Mumbai
Claims are handled remotely across Maharashtra, with documents collected by courier and identity verified over video. There is no need to travel to our office.
- Dadar
- Fort
- Andheri
- Borivali
- Ghatkopar
- Chembur
- Vile Parle
- Navi Mumbai
Questions from Mumbai
Do you have an office in Mumbai?
No. Our office is in Gurugram and we serve Mumbai remotely, by courier and video verification. We do not claim branches we do not have.
The certificates show an address in a building that has been redeveloped.
That is routine here and it does not affect your entitlement. The folio address is updated with Form ISR-1 supported by current KYC; the old address only matters as evidence that the folio belonged to your family, which is usually easy to establish from the certificate itself.
My father held shares jointly with my mother, who is still alive.
Then it is simpler than most cases. Where a joint holder survives, the shares pass to the survivor on production of the death certificate — no succession certificate, no NOCs from other heirs. The folio is then updated into her sole name.
Can an NRI child of a Mumbai shareholder claim from abroad?
Yes. Documents executed abroad need apostille or consular attestation depending on the country, and the shares are credited to an NRO demat account. Nobody needs to fly in.
Could I do this myself?
Yes, and for a single straightforward folio you probably should. The IEPF Authority’s records can be searched free, and Form IEPF-5 can be filed by anyone. We charge for assembling the documentation, handling the registrar and company verification, and following it through — not for access to something that is public.
What will it cost, and when?
Nothing in advance. An agreed percentage of the recovered value is charged after the shares are credited to your demat account, and government or third-party costs — stamp duty, notary, court fees, newspaper notices — are paid by you at actuals.