Unclaimed Assets Owned By Foreign Nationals In India

June 14, 2008 - PRLog -- Today, we have launched our website, www.fundtracers.com

It is about unclaimed assets held in India by foreigners as well as Indians. We would be obliged if you report in your esteemed newspaper about the same. The site has been designed with the purpose of helping people who are not aware of their family assets lying in India or find the legal procedures difficult, towards claiming the assets in India.

Unclaimed Assets in India - In India, the number of shareholders, bank customers or land owners who are not aware of their shareholdings or bank accounts or lands are rising. This is more true for people of foreign origin. The reason could be many – may be they are dead or possibly they may not be aware of the same. And there is no government agency to keep track of such unclaimed assets or tackle this problem.

Unknown to many people, there are huge unclaimed funds in India that are locked up in Shares and securities of listed Indian companies, bank accounts & deposit accounts, insurance policies, properties etc. It is not just the resident Indians but even nationals from Nepal, Burma, South Africa, England, Mainland Europe that are entitled to missing, unclaimed or forgotten fortunes in India

Lots of foreigners find it difficult to trace assets in India that were acquired by their family elders and ancestors. As already mentioned, Lots of people from Nepal, Burma, Africa, England, Europe, USA, Canada etc., are holding equity shares in Indian companies. These were acquired during the initial years of the 20th century till probably the mid sixties. British people invested in the shares of Indian companies as well as property during the period of the British Raj – when the British were running the government, Armed forces, business houses and companies in India. Likewise, people from Nepal, Burma, Sri Lanka. Mainland Europe and Africa who had business interests in India also invested in shares, lands and buildings. Most of them may be deceased or they may have changed address and lost contact with the company but the shares still exist in their names.

Shares may become untraceable for a variety of reasons – the company may change its name, it may have been merged with another, or it may have become sick and / or gone into liquidation. Or simply the person who bought the shares or operated the bank account forgot to inform their family or records were misplaced and the family may not be aware of the same.

The person who opened and operated the account may have forgotten to tell his/her family members about the account; or may be the person moved address and forgot about the bank account. There have been instances where people moved overseas from India and lost track of their lands etc.

Contact us if you feel that you, or any of your family elders or relatives hold any assets in India – they may be deceased or may have forgotten about their investments. Register with us so that we may do a database check.


Ours is a private initiative. We have made a database of assets in India, held by people from across the globe that are lying unclaimed or unattended. Most of them may be deceased or they may have changed address.

We have helped families from India, Nepal, Burma, in claiming shares & securities, bank accounts as well as land matters etc., which they were entitled to claim.

We have used information from our database to reach across to such investors and families who were either not aware of assets in India or found the procedures and legal formalities difficult.

Our job at Fundtracers.com is to find unclaimed assets and trace the owners so that they may enjoy the benefit of receiving lost funds that otherwise might never have known about. It is our pleasure to get these funds to the right recipients.

For any queries, you may contact us –

Rakesh Gujral
Fundtracers.com
Phone No 0+919312220057
Email – gujralrakesh@yahoo.com fund.tracers@gmail.com
www.fundtracers.com, www.fundtracers.blogspot.com

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About Fundtracers.com, we are a Delhi, India based company that works in the area of tracing unclaimed assets like bank accounts, shares and stocks and also helps with the legal procedures and procedural formalities to help the claimants get legal title to them. we have helped many families from within India, Nepa, Burma, Srilanka and England in claiming shares and securities that were acquired by their ancestors but they were not known to the families.