Vikash JainCo-Founder of Share Samadhan Published On: Friday, June 24, 2016 Views 2560
"Everyone gets one jackpot in their life…….just chase your dream honestly"
In early 2012, after realizing how difficult it is for a common Indian citizen to recover his family investments, Vikash Jain, then the Finance Manager at Carnation Auto India, came up with the idea of creating a business that helps people in taking an account of all the investments they & their family members have made.
Once he was able to materialize his dream business, he soon left his stable job to run his startup ‘Share Samadhan’ as its director. Share Samadhan is gradually coming into people’s attention and has garnered a decent client base over the past 4 years. Considering the usefulness of his startup, Vikash has firm believes in the great success of Share Samadhan in years to come.
Please provide a brief overview of your product/ service:
Share Samadhan assists clients in recovering their lost, blocked, or forgotten investment in various financial instruments such as old shares in physical form, mutual funds, insurance, PF, PPF, bank deposits, post office schemes, etc.
Some example of Unclaimed Investment
- Physical shares / old shares
- Pending Transfer of shares
- Pending Transmission of shares due to death of the shareholder
- Unclaimed dividends
- Unclaimed bonuses, split shares
- Unclaimed PF
- Corporate Deposit
- Matured Unclaimed Insurance
- Inoperative Bank Accounts
- Promoter of listed company want to buy physical shares from the market
What inspired you to build the above product/ service?
I lost my brother in 2009 and it took me 3 years to recover all his investments in various asset classes since no one was aware of his investments at home. That day I realized that if this can happen with my family then it can happen with anyone. Invest and forget is every home’s affair in our country. Hence I realized the need of having a professional entity to take care of all hassles of client and help them recover their all Unclaimed Investments.
What is your life mantra?
Be very candid in your communication.
What was the most challenging part of your journey till now?
Initially it took a lot of time to convince clients that this kind of service is available wherein we assist them to recover their lost, forgotten, and old investments.
How did you overcome those challenges?
It’s all about communicating with the client in a very settled way. Soon they started to get convinced with our approach of helping them without getting any upfront fees and our fees was linked with success only.
Share some details about the investments that you have been able to fetch for the business till now.
It is self-funded so far. We would look for the investor at an appropriate time.
According to you, what are the three qualities an individual must have to achieve success?
- Speak less and deliver more
- Co-ordinal Relationship with everyone
Which online tools/ services/ apps do you use the most and would like to recommend as well?
Linkedin : very effective platform to connect
Share any one habit which you think makes you more productive.
Regular Morning Yoga
Share any one habit which you wish to change in yourself.
Sometime I get restless
Answer in less than 50 words
- One tip to success
- One mistake you believe every individual must avoid
Fail to deliver on commitment
- One most important lesson that you have learnt till now
Just do not lend anyone without doing proper due diligence
What are your plans for next 3 years?
- Building tech platform : Year 1
- Go aggressive in sales & marketing : Year 2
- Build more vertical in Share Samadhan such as debt recovery
If you get a chance to start your career again what would you do differently this time?
Will start agri farming in my native place in Assam
What are your top three getaway destinations?
- New Zealand
- Any lush green place
Share a quote that inspires you the most.
Everyone gets one jackpot in their life…….just chase your dream honestly
- Website http://sharesamadhan.org/