A pediatric surgeon in Chandigarh, Dr. Tanmay Motiwala, stumbled upon a hidden treasure while organizing his family’s assets. He found old share certificates from the State Bank of India, purchased by his grandfather in 1994 for Rs 500. Astonishingly, these shares were never sold and were forgotten over time.
The value of this forgotten investment has multiplied significantly, showcasing the enduring potential of equity investment. Dr. Motiwala revealed that the SBI shares are now valued at Rs 3.75 lakh, delivering a remarkable 750x return over three decades.
Sharing his revelation on social media platform X, Dr. Motiwala wrote, “My grandparents had purchased SBI shares worth Rs 500 in 1994, completely unaware of it over the years. Discovering these certificates while consolidating our family’s assets was a pleasant surprise.”
Addressing queries about the current valuation, he added, “It’s currently valued at around Rs 3.75 lakh, excluding dividends. While not a massive sum, the growth of 750 times over 30 years is certainly significant.”
In his post, Dr. Motiwala also detailed the process of converting the family’s stock certificates into demat form. He explained, “We sought assistance from a financial advisor/consultant due to the tedious and lengthy process involved. Despite the challenges such as spelling errors, address mismatches, and signature issues, we managed to convert the majority of our certificates.”
Dr. Motiwala mentioned his intention to hold onto these shares as he does not require immediate liquidity.
His viral post has resonated with many, with some sharing similar anecdotes. One commenter remarked, “This is a true lesson in investment. We should heed the wisdom of our elders.” Another shared their own experience, highlighting the importance of inheriting and managing family investments.
