Process
Retrieve
For obtaining duplicate share certificates in case you have misplaced/lost the original we file on your behalf an FIR at the Police station, publish newspaper advertisements in 2 newspapers inviting objections to your application for issue of duplicate share certificates (a requirement of the Company), provide two guarantors to the Company with annual income equivalent to the value of lost shares, provide bank guarantee valid for 2 years, if insisted upon by the Company, equivalent to the value of lost shares.
Recover
As per Section 124 of the Companies Act, 2013, all shares in respect of which dividend has not been paid or claimed for seven consecutive years or more shall be transferred by the organization in the name of Investor Education and Protection Fund (IEPF). Recovering these shares is a very tedious and cumbersome activity. It is nearly impossible for a layman to do the exorbitant amount of communication and legal paperwork. WeDemat has experts who will help you to get the work done and manage all the required documents.
No matter whether it is shares or unclaimed dividend, matured debenture or, matured deposits , and application money due for refund, you can claim by filling an application in Form IEPF 5
After filling the form, you need to send the copy of IEPF5 duly signed along with the following documents to the concerned company for verification of your claim:
Copy of Acknowledgement
Indemnity Bond
Advance Stamped Receipt
Copy of Aadhar
Cancelled Cheque
Original Certificate
Proof of entitlement
Copy of Passport, OCI and PIO card if you are foreigners and NRI) as enumerated in Form IEPF-5
Within fifteen days of receipt of claim form, the company should send a verification report to the IEPF Authority as per the format specified or demanded by the Authority along with all documents submitted by you.
Once the verification of the entitlement of your is done, the IEPF Authority and then Drawing and Disbursement Officer of the Authority will present a bill to the Pay and Accounts Office for e-payment according to the guidelines. The IEPF Authority will also issue a refund sanction order with the verification and approval of the Competent Authority and will credit the shares which are there with depository participant in IEPF suspense account to the demat account of the claimant to the extent of the claimant’s entitlement.
Transmit
We undertake the complete process of transmission of shares held by a deceased shareholder to the rightful legal heirs by preparing, filing, and obtaining the requisite Succession Certificate, Probate, or Letters of Administration from the Testamentary Department of the High Court.
Dematerialise
Dematerialisation is the process by which a physical share is converted into digital format. An investor who wants to dematerialize the share certificate needs to open a demat account with a Depository Participant (DP). The investor has to deface and surrender the certificates to convert them into electronic form which in turn is sent to his demat account. Process can be verified electronically via confirmation request. Demat is safe, secure and convenient. It also reduces the risk of mutilation, loss and theft. WeDemat helps you to demat by connecting you to reliable depository participants and help you open cost effective accounts with them.
Team
Narayan Chhabria, Chairman
Part of the Chhabria family, whose rag to riches story is stuff of a best seller novel. The family has founded successful enterprises like Finolex Cables Ltd. (revenues 5319 cr and PAT of 544 cr in FY 24-25) And Finolex Industries Ltd. (revenues 4142 cr and PAT of 778 cr in FY 24-25). He is a trustee of the Global AIDS Foundation and member of Rotary Club of Bombay North.
Gautam Chhabria, Founder & CEO
Founded flywithvip.com a social enterprise in which the seat adjacent to celebrities whilst they fly is auctioned and raffled to raise money for charity. The platform was launched with a flight with Amitabh Bachchan and thereafter flights with Anushka Sharma, Priyanka Chopra, Deepika Padukone, Ranveer Singh, Abhishek Bachchan, Rishi Kapoor, Asin and many more were raffled. A raffle with MS Dhoni saw 1.2 million users taking part, with each participant paying Rs. 100.
A trustee of Global AIDS Foundation and member of The Indus Entrepreneurs and a Director of the Mumbai Chapter of The Akshaya Patra Foundation. At WeDemat.com, he now channels scale, trust and technology to reunite shareholders with their rightful wealth, helping families recover stuck, unclaimed and lost shares through a transparent, tech-driven platform.
Nikita Mehta, Administration
A graduate of Commerce from Jaihind College, where she had been crowned Miss Millennium. Has done jewellery designing from GIA New York, but is now no longer enamoured by ‘a girl’s best friend’ after the introduction of man-made diamonds, and has made a career shift to being part of promising Indian startups. She is co-founder of WHO-GMP approved Anchor Pharma. At WeDemat.com, she oversees execution, documentation coordination and process administration.
Parth Shah, CTO
A graduate from the University of Michigan Ann Arbor excelling in computer wizardry. A virtual reality enthusiast, cryptocurrency believer and general artificial intelligence maniac. From cryptocurrency bots to streaming movie websites Python is his language of choice. Always tries to stay up to date with the latest technologies and is inspired by future prospects of where technology is headed. Has has also made several iOS and android apps.
Manoj Kumar, Govt Liasoning
Army background, Manoj specializes in shareholder investigations using advanced open source intelligence (OSINT) and digital research methods. By analyzing social media activity and online data trails, he uncovers key information required to progress complex cases across India and overseas. Navigates government corridors, manages banking processes, and cutting through red tape to ensure seamless progress.
Ravi Narayan, Company Secretary
Was heading KFintech’s Mumbai operations previously. At WeDemat.com, Ravi supervises compliance, filings, governance and documentation standards across matters relating to demat, transmission, IEPF and investor servicing.
Shoeb Rana, Legal & Compliance Specialist
Is a law graduate specializing in succession law, unclaimed investments, and corporate compliance. He plays a key role in managing share transmission, IEPF recovery, coordination with RTAs, ensuring accuracy and efficiency across all processes.
Yohan Vaid, Sales
Studied Political Science at Wooster, Ohio. Father is the ex-CEO and Director of Bombay Real Estate Development Company whose landmark projects include Il Palazzo, Malabar Hill Club, Navroze Apts and Harbour Heights. At WeDemat.com, Yohan drives institutional relationships, wealth-network collaborations and client outreach across regions.
Sohail Rana, On Ground Support
Sohail’s on-ground coordination and reliability help maintain the company’s reputation for timely and efficient service.
Manish Gupta, Customer Support Executive
A dedicated customer support professional who ensures every investor receives timely assistance, clear communication and a smooth service experience. Focused on solving queries with empathy and efficiency, while making every caller feel heard, informed and reassured.
Testimonials
Amrita Mane
A social media professional and fully fluent in the digital world, Amrita was surprised and frustrated that despite all her tech skills, she spent five years (since 2020) trying in vain to convert her late father’s shareholdings into electronic format. Endless procedures and paperwork led nowhere — until she turned to WeDemat. In just three months, a large portion of those very same shares were finally dematerialised and reflected in her mother’s Demat account, bringing closure and relief to the family after years of dead ends.
Rustom Keki Sethna
Rustom’s family wealth was scattered and forgotten across generations — with shares lying in the names of his parents, grandparents, great-grandparents, his grandmother’s sister, his father’s mother-in-law, and even in his wife’s maiden name, among many others. What seemed like an impossible tangle of legacy holdings was traced, organised, and recovered by WeDemat, finally bringing all those long-lost investments back into the family fold.
Rohinton Master
Once residing with his parents at Dadar Parsi Colony, Rohinton moved to Byculla after their passing — unaware that his late father had left behind a small investment in shares. What seemed an insignificant ₹1,000 investment in Titan had silently grown to over ₹1 crore. With no documents or proofs of ownership, Rohinton turned to WeDemat, and our team successfully traced, verified, and recovered every share — reuniting him with wealth he never knew existed.
Riva Pocha
She had spent eight long years trying unsuccessfully to dematerialise holdings in her mother’s name. After countless delays and dead ends, she finally turned to WeDemat — and in less than six months, the very shares she had been struggling for nearly a decade to recover were successfully retrieved and dematerialised.
Behram Surty
Mr. Behram Surty had moved to Australia decades ago, due to which his flat in Mumbai remained unoccupied and all correspondence kept getting returned. His share certificates had also been lost. Nevertheless, we were able to retrieve his shares within six months. As he himself says, the process would have been even faster had someone been available at his Mumbai address to receive the mail.
Contact Us
Our Office
304, Sea Flama, Dosti Flamingos,
Upper Parel, Mumbai 15
Tel : 91-98339 09984
Email : gautam@wedemat.com