₹5,000 To ₹3.75 Lakh: Man Finds SBI Shares Bought By Grandfather In 1994

A Chandigarh-based doctor discovered that his grandfather’s modest investment three decades ago in shares of the State Bank of India (SBI) has escalated 750 times.

What Happened: Dr. Tanmay Motiwala, a pediatric surgeon, stumbled upon this old investment while arranging the family’s financial affairs. His grandfather had purchased the shares in 1994 and somehow they were forgotten and left untouched. He also shared a picture of the share certificate from the time. It was issued on Feb. 25 1994.

As per the doctor, the initial investment of ₹5,000 has now swelled to a staggering ₹3.75 lakh, emphasizing the significant returns that long-term equity investment can generate. He also expressed his decision to keep the shares, as he is not in immediate need of cash.

Dr. Motiwala shared his experience on social media, elaborating on the process of transforming the old stock certificates into a demat account. There are also startups that help people with this process. As per industry experts’ estimates, there are around ₹2 to ₹3 lakh crore worth of unclaimed investments.

Dr. Motiwala’s post quickly went viral, resulting in a flurry of stories from other users about forgotten or surprise investments that yielded substantial returns.

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Editor’s Note: The article has been updated to reflect the correction shared by Dr. Tanmay Motiwala about the buying price.

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