In a world where financial literacy often takes a backseat, the importance of securing one’s wealth can easily be overlooked. This was a lesson learned firsthand by our mentor, CA Pankaj Dharamshi, during a deeply personal journey. As a seasoned Chartered Accountant with over three decades of experience, Pankaj had always believed in the power of informed investment. However, the reality of dealing with his own family's physical shares brought an unexpected challenge to light
Pankaj one day discovered that few of his physical shares which he had forgotten about had been transferred to the Investor Education and Protection Fund (IEPF). Despite his extensive knowledge of finance, he found himself entangled in the cumbersome and often bewildering process of recovery. He faced stringent requirements and an overwhelming bureaucracy that made navigating the path to reclaiming his family's wealth a daunting task. What should have been a straightforward process turned into a frustrating journey filled with paperwork, delays, and uncertainty.
Pankaj wasn't alone in this struggle. He came across many individuals caught in similar situations—people who had inherited physical shares from their deceased parents or those whose own shares had become dormant due to failure to change/update the address. He also came across clients not aware that they had shares in IEPF held by them. These shares had appreciated significantly over the years, yet countless individuals remained unaware of their existence or the potential wealth locked away in them. The emotional toll was palpable; families were losing out on financial security simply because they lacked the knowledge and bandwidth to deal with the bureaucratic intricacies.
As Pankaj reflected on his own experience, he recognized a profound gap in the system. Many individuals felt overwhelmed by the complexities of share recovery, often leaving them paralyzed and unsure of how to proceed. In these moments of realization, the idea for Share Wapsi was born.
Determined to make a difference, Pankaj partnered with SIP MF Services LLP to launch Share Wapsi—a compassionate initiative aimed at empowering families and individuals to reclaim their lost investments. With a dedicated team ready to assist, Share Wapsi was established to simplify the complex recovery process, providing a bridge for individuals and families struggling to reclaim their lost shares. We believe that no one should have to endure the struggle of navigating the recovery process alone.
At Share Wapsi, our mission is to simplify the recovery of shares transferred to the IEPF, ensuring that families can unlock the financial potential of their investments without the burden of confusion and stress. We are here to guide you every step of the way from share discovery to share recovery, just as we would want to be supported in our own journeys. Our commitment is not just to recover shares, but to restore hope and security for those who deserve it.
Join us in this mission, and together, let’s turn the tide on lost investments, one share at a time.