ABB India and Hitachi Energy share certificates: demat and IEPF recovery guide
September 24, 2026

How to Convert ABB India and Hitachi Energy Share Certificates to Demat and Recover Them from IEPF

To convert an old ABB India share certificate to demat, open a demat account in exactly the name printed on it, update your KYC with the registrar (KFin Technologies), and hand the certificate to your broker or bank with a demat request form. If the shares have already moved to the IEPF, you claim them back with Form IEPF-5. Either way, the shares end up in your demat account.

But an old ABB certificate is rarely just ABB shares. Every ABB shareholder in December 2019 was also given Hitachi Energy India shares, 1 for every 5 ABB shares. If your family held ABB on paper then, there is a second certificate somewhere, in a name you may not recognise: ABB Power Products and Systems India Limited. And holdings from before November 1999 have a third company too.

Put together, 100 shares held since the 1980s are 885 ABB India shares, 177 Hitachi Energy shares and 177 GE Power India shares today, worth about ₹1.19 crore (24 September 2026 prices). The Hitachi Energy part alone is worth about ₹54.5 lakh.

This guide covers every situation we see with ABB and Hitachi Energy shares: old names, converting to demat, claiming from the IEPF, lost certificates, duplicates, names that do not match, joint holders, and shares of a holder who has died. If you would rather we checked your certificates for you, start with Find Your Shares.

Key Takeaways

  • Same company, four older names: Hindustan Electric Company, Hindustan Brown Boveri, Asea Brown Boveri and ABB Limited are all today’s ABB India. A certificate in any of those names is an ABB India certificate.
  • ABB holders also own Hitachi Energy: 1 Hitachi Energy India share for every 5 ABB India shares held on 23 December 2019. Paper holders were given paper certificates in the name ABB Power Products and Systems India, which was renamed Hitachi Energy India in November 2021.
  • Before November 1999, a third company: ABB’s power generation business was spun off as ABB Alstom Power India, today GE Power India. Holders got 1 share for every ABB share.
  • The simple rule: for every old ₹10 ABB share (after bonuses), you now own 5 ABB India shares and 1 Hitachi Energy share, plus 1 GE Power India share if it was held before November 1999. That is about ₹67,000 for each old share today.
  • One registrar for all three: KFin Technologies handles ABB India, Hitachi Energy India and GE Power India.
  • Each company is a separate claim. If ABB shares are in the IEPF, the Hitachi Energy shares may be there too, and each needs its own Form IEPF-5.
  • Lost certificate? SEBI’s simplified route for duplicates covers holdings up to ₹10 lakh per company — about 140 ABB shares, or only 32 Hitachi Energy shares. Above that, you also need a police report and a newspaper notice.

My certificate says Hindustan Brown Boveri or Asea Brown Boveri. Is it ABB India?

Yes. Hindustan Brown Boveri, Asea Brown Boveri and ABB Limited certificates are all ABB India certificates. The company changed its name, not its shares. It has been the same listed company since 1949, and its shares have been listed since 1955. Only the name on the front of the certificate changed:

Name printed on the certificate Name used
Hindustan Electric Company Limited From 1949 to 1965
Hindustan Brown Boveri Limited From September 1965 to October 1989
Asea Brown Boveri Limited From October 1989 to April 2003
ABB Limited From April 2003 to February 2013
ABB India Limited From February 2013 until today

You do not need to exchange an old Hindustan Brown Boveri certificate for a new “ABB India” one before converting it to demat. The registrar knows the folio under the old name.

What about Asea Limited or Flakt India certificates?

Both companies merged into ABB, so their shareholders were given ABB shares in exchange. Asea Limited merged into Hindustan Brown Boveri with effect from 1 January 1989. Flakt India Limited merged into Asea Brown Boveri with effect from 5 October 1995.

An Asea or Flakt certificate is now just a record. The ABB shares issued in its place were sent separately. From the date of the merger, they grew exactly like any other ABB holding, including the Hitachi Energy shares in 2019. How many ABB shares each certificate became depends on the merger’s exchange ratio, which we check against the company’s scheme papers before quoting any number. If the ABB shares never reached the family, they will be with the company or, after seven years of unclaimed dividends, in the IEPF.

Certificates that are not ABB India

GE Power India is the exception: it did come out of ABB. See the third company below.

Why do ABB shareholders also own Hitachi Energy shares?

Because ABB India split off its power grids business in December 2019, and every ABB shareholder was given 1 share of the new company for every 5 ABB shares. That new company is Hitachi Energy India today.

Here is what the company’s own filings with the stock exchanges show:

  • 27 November 2019: the National Company Law Tribunal in Bengaluru approved the scheme to move ABB India’s power grids business into a new company, ABB Power Products and Systems India Limited.
  • 23 December 2019 (record date): everyone on ABB India’s register that day was entitled to 1 fully paid ₹2 share of the new company for every 5 ABB India shares of ₹2.
  • 24 December 2019: the new shares were allotted, 4,23,81,675 of them. That is exactly one-fifth of ABB India’s shares.
  • 30 March 2020: the shares started trading on the stock exchanges.
  • November 2021: the company was renamed Hitachi Energy India Limited. Same company, same shares, new name.

Paper holders got paper. If your family held ABB on paper in December 2019, the new shares were issued on paper too. Look for a certificate that says “ABB Power Products and Systems India Limited”. Families often put it aside because they have never heard of the name. It is a Hitachi Energy certificate, worth about ₹30,800 a share today.

What if the ABB holding was not a multiple of 5? Only whole shares were issued. The leftover fractions from all shareholders were pooled into a trust, the APPSIL Fractional Shares Trust 2019, which was set up to sell them and pay out the cash. So a folio of 102 ABB shares got 20 Hitachi shares and a small cash payment for the rest.

If the ABB certificate was never converted, the Hitachi shares may never have been either. Hitachi Energy has never issued bonus shares or split its shares, so the number on that certificate is still the number you own.

Is there a third company? ABB Alstom Power India, now GE Power India

Yes, for shares held before November 1999. That year ABB moved its power generation business into ABB Alstom Power India, and every ABB shareholder was given 1 share of it for each ABB share. That company is GE Power India today.

The spin-off came out of ABB’s global joint venture with Alstom in 1999. ABB’s share price on the exchanges fell by about a quarter on the day it went ex-demerger in November 1999, as the value of the power business left with the new shares. The new company started trading in March 2000. It has changed its name four times since:

Name printed on the certificate Name used
ABB Alstom Power India Limited From November 1999 to September 2000
Alstom Power India Limited From September 2000 to November 2002
Alstom Projects India Limited From November 2002 to June 2012
Alstom India Limited From June 2012 to 2016
GE Power India Limited From 2016 until today

Other Alstom companies merged into it in 2002 and 2012, but those mergers issued new shares to their shareholders. An ABB family’s shares in it were not changed. GE Power India has never issued bonus shares or split its shares, and its face value is still ₹10. So the number of ABB Alstom Power shares you were given in 1999 is the number you own today.

It is the smallest of the three pieces, at about ₹659 a share. But it is a separate company with its own folio, its own dividends and, if they went unclaimed, its own IEPF claim. It is the piece families miss most often.

How many ABB and Hitachi Energy shares does an old certificate become today?

For every 100 old ₹10 ABB shares, you can own up to 1,180 ABB India shares, 236 Hitachi Energy shares and 236 GE Power India shares today. It depends on when the shares were first held in your family’s name. Four things multiplied the holding: free bonus shares (1 for every 3 held) in 1978, January 1994 and December 1996; the GE Power spin-off in 1999; a split of each ₹10 share into five ₹2 shares in June 2007; and the Hitachi Energy spin-off in 2019.

Find the row that matches your certificate. The numbers are for every 100 shares printed on it.

Shares held in your name ABB India today Hitachi Energy today GE Power India today Approx. total value*
Before the 1978 bonus** 1,180 236 236 about ₹1.58 crore
1979 to January 1994 885 177 177 about ₹1.19 crore
January 1994 to December 1996 665 133 133 about ₹89 lakh
December 1996 to November 1999 500 100 100 about ₹67 lakh
November 1999 to June 2007 (₹10 certificates) 500 100 none about ₹66 lakh
₹2 certificates, June 2007 to December 2019 100 20 none about ₹13 lakh

*At about ₹7,115 for ABB India, ₹30,804 for Hitachi Energy and ₹659 for GE Power India, closing prices on 24 September 2026. Values move with the market. Bonus shares are only issued in whole numbers, so each 1-for-3 bonus left a small fraction on 100 shares, which was paid out in cash. **The bonus record before 1992 comes from exchange data alone. Holdings from the 1950s to the 1970s are confirmed against the company’s register, folio by folio, before we quote a final number.

Here is how 100 shares held in 1985 grow, one step at a time:

What happened What the family owns after it
1985: certificate for 100 shares 100 Hindustan Brown Boveri shares of ₹10
January 1994: 1-for-3 bonus 133 shares (33 free shares added)
December 1996: 1-for-3 bonus 177 shares (44 free shares added)
November 1999: power generation spin-off 177 ABB shares + 177 ABB Alstom Power India shares (now GE Power India)
June 2007: each ₹10 share split into five ₹2 shares 885 ABB shares + 177 GE Power India shares
December 2019: power grids spin-off, 1 for every 5 885 ABB India + 177 Hitachi Energy + 177 GE Power India, about ₹1.19 crore

Look at the last row. The Hitachi Energy shares alone are worth about ₹54.5 lakh, almost as much as the ABB shares (about ₹63 lakh). A family that recovers “the ABB shares” and stops there leaves close to half the money behind.

Each of these events came on separate paper. The bonus shares, the ABB Alstom Power shares and the ABB Power Products shares each arrived as their own certificate, in their own envelope, over 25 years. Many families have only the original certificate and assume that is everything. Undelivered certificates go into the company’s unclaimed suspense account, and after seven years of unclaimed dividends they move to the IEPF. So one family’s holding can be spread across three companies and three places: the cupboard, the suspense account and the IEPF.

Found both a ₹10 and a ₹2 ABB certificate? After the 2007 split, paper holders were normally sent new ₹2 certificates in place of the old ₹10 ones. If both are on the same folio, they are usually the same shares, not extra ones. Don’t add them together. The registrar’s folio record settles it.

What matters is when the shares were registered in your family’s name, not only the date printed on the front. If your father bought the shares in the market, the transfer is usually stamped on the back of the certificate with a date. That date decides which row you are in.

Every number here comes from the companies’ own filings with the stock exchanges and NSE records. Don’t want to work it out yourself? Send us the folio and we will trace the complete holding.

How do you convert ABB India and Hitachi Energy share certificates to demat?

Through a demat account in the same name as the certificates. Your broker or bank sends them to KFin Technologies, the registrar for both companies, and KFin credits the shares electronically. Since 1 April 2019, physical shares cannot be sold or transferred until they are in demat. So this step comes before anything else you want to do with them.

  1. Open a demat account in exactly the name on the certificates. If the certificate says “Ramesh K. Sharma”, the account must be able to match that. If the names differ, fix that first (see name mismatch below).
  2. Update your KYC with KFin Technologies, once for each company. ABB India and Hitachi Energy keep separate registers, so each folio needs its own KYC. For physical shares SEBI requires PAN, address, mobile, email, bank details and a specimen signature on the folio. You do this with Form ISR-1, plus ISR-2 (your bank confirms your signature) if the signature on record is old or different. Until the KYC is complete, the registrar will not process the demat request.
  3. Fill one Demat Request Form (DRF) for each company at your broker or bank (your “depository participant”). Write “Surrendered for Dematerialisation” on each certificate and sign it as it was signed on the register.
  4. Your broker sends the DRFs and certificates to KFin. KFin checks the signature, the folio and the distinctive numbers against each company’s register.
  5. The shares appear in your demat account, usually within a few weeks if the papers are clean.

Where people get stuck: signatures that no longer match after 30 or 40 years, a name spelt differently on the PAN card, a joint holder who has died, and certificates (bonus, ABB Alstom Power or ABB Power Products) that never reached the family. Each of these is covered below. For the fees involved, see what it costs to convert physical shares to demat, or read about our physical shares to demat service.

Is there a deadline? Not for shares already registered in your own name. You can demat them at any time. But while they sit on paper, you cannot sell them, and unclaimed dividends are quietly pushing them towards the IEPF. Read more about the demat “last date”.

How do you check if your ABB or Hitachi Energy shares have gone to the IEPF?

If no dividend on a folio has been cashed for seven years in a row, those shares have very likely been moved to the IEPF. The IEPF is the Investor Education and Protection Fund, a government fund that holds unclaimed shares and dividends until the owner claims them back. ABB India pays a dividend every year, so an uncashed dividend on an old folio is a clear warning sign. Check each company separately:

  • ABB India’s share information page links to two searches run through KFin Technologies: shares already transferred to the IEPF, and shares due to be transferred next. ABB India share information page.
  • Hitachi Energy India’s shareholder page has its own IEPF and unclaimed dividend section, also run through KFin. Hitachi Energy shareholder information.
  • The IEPF Authority’s search at iepfa.gov.in lets you search by company and holder name. How to search the IEPF step by step.
  • Search every old spelling and every company. A folio opened in 1980 will be in the holder’s name as it was written then, often with just initials. And do not forget GE Power India for a pre-1999 holding.

If you find nothing, the shares may still be with the company, which is better news: you can demat them directly without an IEPF claim. We can run the search for you.

How do you recover ABB India and Hitachi Energy shares from the IEPF?

You file Form IEPF-5 online on the Ministry of Corporate Affairs website, once for each company, then send the signed papers to that company’s Nodal Officer, who verifies them and reports to the IEPF Authority. The Authority then releases the shares, and any dividends it holds, to your demat account. Shares are only ever released into a demat account, never as a paper certificate.

Why it is often two claims, not one

If your ABB shares were already in the IEPF on 23 December 2019, the Hitachi Energy shares due on them went to the IEPF too. The IEPF rules say that bonus shares and similar benefits on shares already with the IEPF are credited to the IEPF, not to the old owner. So those families need one IEPF-5 for ABB India and a second for Hitachi Energy.

If the ABB shares moved to the IEPF after December 2019, the picture is different. The Hitachi Energy shares were issued to you, on paper, and they may still be with the company. Then you have one IEPF claim for ABB and a straight demat for Hitachi. The only way to know is to check both registers. The same logic applies to GE Power India for a pre-1999 holding. The ITC and ITC Hotels demerger works the same way.

The steps, for each company

  1. Open a demat account in the name of the claimant. For a joint holding, it must be in the same names and the same order.
  2. Complete KYC with KFin Technologies and ask for an entitlement letter for each company. This letter states how many shares and how much dividend on your folio went to the IEPF. Since October 2025 it is a mandatory part of every IEPF-5 claim.
  3. File Form IEPF-5 on the MCA portal, one form per company. Note the SRN each one gives you; that is your claim number. How to file IEPF-5 online.
  4. Send the physical documents to the company’s Nodal Officer at its registered office (both ABB India and Hitachi Energy are registered in Bengaluru), in an envelope marked “Claim for refund from IEPF Authority”. These are: the signed IEPF-5 printout and acknowledgement, an indemnity bond on stamp paper, an advance stamped receipt, PAN, Aadhaar, a cancelled cheque, your client master list, the entitlement letter and the original certificate if you still have it.
  5. The company verifies and reports to the IEPF Authority. The rules give the company 15 days to send its verification report and the Authority 60 days to decide. That is 75 days on paper. Real claims usually take far longer, because documents go back and forth. What to do when an IEPF claim is stuck.

Claim the full folio in one go. If the original shares, the bonus shares and the split shares went to the IEPF in different years, one claim per company should cover everything on that folio. Claim only the number printed on your certificate, and you will be back in the queue for the rest.

What if the ABB or Hitachi Energy share certificates are lost?

It depends on where the shares are now. If they are still with the company, you need a duplicate certificate. If they have gone to the IEPF, you usually do not.

  • Shares still with ABB India or Hitachi Energy: the company must first cancel the lost certificate and issue duplicate shares, which are credited straight into your demat account. This is the process in the next section.
  • Shares already in the IEPF: when shares move to the IEPF, the original paper certificates are cancelled automatically. There is nothing left to duplicate. You claim with IEPF-5 and the entitlement letter from KFin, which is based on the company’s register, not on the paper in your hand. Families often spend months getting a duplicate they never needed.

Lost the Hitachi certificate but still have the ABB one? That is enough to start. The ABB folio shows how many ABB shares you held on 23 December 2019, and KFin can trace the Hitachi Energy folio from it.

Don’t know the folio number? Old dividend warrants, bank passbooks showing dividend credits, letters from Hindustan Brown Boveri or Asea Brown Boveri, even a wealth-tax return can give it. With the holder’s name and an old address, the registrar can usually trace the folio. Our lost shares recovery service starts from exactly this point.

How do you get a duplicate ABB India or Hitachi Energy share certificate?

Apply to KFin Technologies with Form ISR-4 and the documents SEBI sets for the value of your holding. The duplicate shares are then credited straight into your demat account. SEBI simplified these rules in December 2025. Duplicates are no longer issued on paper at all.

What you need depends on what the lost shares are worth today, counted separately for each company:

  • Up to ₹10,000: a simple undertaking on plain paper.
  • ₹10,000 to ₹10 lakh: one standard affidavit-cum-indemnity bond.
  • Above ₹10 lakh: the affidavit-cum-indemnity bond, plus a police report (FIR, e-FIR or police complaint) that mentions the folio, certificate numbers and distinctive numbers, plus a notice of the loss in a widely read newspaper.

With these two companies, the top band arrives fast. At about ₹7,115 a share, ₹10 lakh is about 140 ABB India shares. At about ₹30,804, it is only 32 Hitachi Energy shares, and even a single Hitachi share is above the ₹10,000 plain-paper limit. The family holding 885 ABB and 177 Hitachi shares from the example above needs the full process for both.

  1. Open a demat account first, in the same name (or names) as the folio. Since 2 April 2026 the registrar credits duplicate shares directly into your demat account. There is no longer a “Letter of Confirmation” to carry to your broker, so the account has to exist before you apply.
  2. Update KYC on each folio with Form ISR-1, and ISR-2 if your signature has changed.
  3. Get the police report and newspaper notice if a holding is above ₹10 lakh. A single police report can usually list both companies’ certificates. KFin can give you the certificate numbers if you do not have them.
  4. Submit Form ISR-4 to KFin for each company, with the affidavit-cum-indemnity bond, the police report and notice if needed, and your demat account details.
  5. The shares are credited to your demat account once KFin completes its checks. SEBI expects this in about 30 days for a complete, correct application.

The value is worked out on the market price, not the face value printed on the certificate. Every bonus and split share on the folio counts, so a holding that “looks” small can be well over the line. The trap many families fall into is signature mismatch; here is how to handle it. The full process is in our guide to reporting a lost share certificate.

What if the name or spelling on the certificate does not match?

Fix the name on the folio first, before you demat or file an IEPF claim, using Form ISR-1 and a document that proves both spellings belong to you. The registrar, the demat account and the IEPF claim all have to show the same name. One letter out of place is enough to get a request returned.

This is very common with ABB because the oldest folios go back to the Hindustan Brown Boveri era. And since the Hitachi Energy and GE Power folios were copied from the ABB register, a spelling error on the ABB folio is usually repeated on the other two. Typical cases:

  • Initials on the certificate, full name on the PAN card: “R. K. Sharma” against “Ramesh Kumar Sharma”.
  • A woman’s maiden name on the certificate and her married name on everything else.
  • Spelling changes over time: “Mohd.” and “Mohammed”, “Laxmi” and “Lakshmi”, a dropped middle name.
  • Titles and suffixes like “Smt.”, “Dr.” or “HUF” in one place and not the other.

The usual proof is a passport, a marriage certificate, a gazette notification, or a notarised affidavit that both names are the same person. Send it with Form ISR-1 to KFin for each folio. Once the folios match your PAN, the demat and the IEPF claims can go through.

Don’t open the demat account in the “new” name and hope it works. The registrar will reject the demat request, and the certificates come back weeks later. Getting the order right the first time saves months.

How do joint holders convert or claim ABB and Hitachi Energy shares?

The demat account must be in the same names and in the same order as on the certificate, and every living holder must sign. A certificate in the names of “A, B and C” can only be converted into a demat account held by A, B and C, in that order. The Hitachi Energy and GE Power certificates carry the same names in the same order as the ABB folio they came from, so one joint demat account can take all three.

  • Everyone alive and available: open a joint demat account matching the certificates, complete KYC for every holder, and all of them sign the demat requests.
  • The names are in the wrong order for the demat account you want to use: ask KFin to change the order (“transposition”) with Form ISR-4 before you demat.
  • One joint holder has died: the surviving holders get the shares simply by having the deceased holder’s name deleted. You need a copy of the death certificate and the survivors’ KYC. No succession certificate, will or probate is needed for this.
  • Every holder has died: this becomes a transmission to the legal heirs of the last surviving holder (next section).

For an IEPF claim on a joint folio, the IEPF-5 and the demat account follow the same rule: same names, same order. If one holder has died, delete their name through KFin before you file. A claim filed on a folio that still shows a deceased holder will be sent back.

What if the ABB India shareholder has died?

The shares pass to the nominee or legal heirs through transmission, handled by KFin Technologies for each company, and they are always credited in demat. If the shares have also gone to the IEPF, transmission and the IEPF claim happen together, and the heir files the IEPF-5 as the claimant.

SEBI’s new transmission rules have applied since 22 August 2026. They make this easier than it was:

  • Simplified documents for physical shares worth up to ₹10 lakh per company, doubled from ₹5 lakh.
  • Quick processing for physical holdings up to ₹10,000 where the claimant is a parent, spouse, child or parent-in-law.
  • No blanket requirement for probate, and one combined affidavit-cum-NOC in place of separate papers. You still have to prove your entitlement if other heirs dispute it.
  • 21 days for the registrar to process once all documents are in.

The ₹10 lakh limit is counted company by company. A holding of 100 ABB shares (about ₹7.1 lakh) and 20 Hitachi Energy shares (about ₹6.2 lakh) stays under the limit in both, even though together it is worth more. But most pre-2007 holdings are above it in both companies. That usually means a succession certificate or legal heir certificate, unless there is a nominee or the other heirs give no-objection. Read the full picture in our guides to transmission of shares and transmission without a succession certificate.

Why not just hand the certificates to a local lawyer or agent?

Because a claim is only as good as the holding traced behind it, and with ABB the certificate in your hand shows one company out of three.

Take a family with a 1985 Hindustan Brown Boveri certificate for 100 shares. A generalist sends it for demat and recovers the ABB shares. The folio actually leads to 885 ABB India shares, 177 Hitachi Energy shares and 177 GE Power India shares, about ₹1.19 crore. The Hitachi shares, worth about ₹54.5 lakh, sit on a different company’s register under a name nobody in the family recognises. Unless someone traces them, they are never claimed. The family ends up back in the queue years later, if it ever finds out.

We work the other way round. We trace the complete holding first: every old name, every bonus, every spin-off, every folio, every IEPF transfer. Then a vetted local partner handles the paperwork where you live (affidavits, police report, newspaper notice, succession papers) on the full holding, the first time.

There is also the question of who is paid for what. A lawyer or agent is paid whether or not your shares ever arrive. We are not. Zero advance — you pay only once the shares are credited to your demat account. So we only get paid if the whole chain works.

And the IEPF claim itself is decided in Delhi, where the IEPF Authority sits. Our team is in Delhi, so we can follow your file up in person, not by letter from another city. When it comes to an IEPF claim, what matters is who is closest to the office that holds your file.

The document is only the start. After it come the KYC, the entitlement letters, the verification, the demat credit, and a transmission if the holder has died, for each company. Anyone can get you a piece of paper. We get you the shares. See how our IEPF claim service works.

Dates you should know about

Every year, more ABB shares move to the IEPF. Once a folio has seven years of unclaimed dividends, the company must transfer its shares. ABB India’s share information page lists the folios due to move next. Cashing any one dividend before the transfer date keeps the shares with the company, so check it now, not after the next batch has moved.

23 December 2019 is the date that decides your Hitachi Energy shares. Whoever was on ABB India’s register that day got 1 Hitachi share for every 5 ABB shares. If your family sold or transferred the ABB shares before that date, there are no Hitachi shares to claim. If the shares were still on the register, there are.

4 February 2027 is when SEBI’s special window for old physical transfers closes. It covers transfer deeds signed before 1 April 2019 that were rejected, returned or never processed. One example: ABB shares bought on paper and never registered in the buyer’s name. Shares already moved to the IEPF are not covered. The full rules of the window.

Holding other old blue-chip certificates too? See how the Reliance Industries demerger basket works, or read our guide to share recovery in Bengaluru, where both ABB India and Hitachi Energy are registered.

Not sure what your ABB, Hindustan Brown Boveri or ABB Power Products certificate is worth? Start with Find Your Shares →

Frequently Asked Questions

How do I convert ABB India physical share certificates to demat?
Open a demat account in exactly the name on the certificate, update your KYC with KFin Technologies (ABB India’s registrar) using Form ISR-1, then give the certificates to your broker or bank with a Demat Request Form. They send it to KFin, which checks the folio and signature and credits the shares to your demat account, usually within a few weeks if the papers are in order. Hitachi Energy certificates go the same way, on a separate request form.

Are Hindustan Brown Boveri and Asea Brown Boveri share certificates the same as ABB India?
Yes. ABB India was incorporated in 1949 as Hindustan Electric Company, renamed Hindustan Brown Boveri in 1965, Asea Brown Boveri in 1989, ABB Limited in 2003 and ABB India Limited in 2013. It is the same listed company, so a certificate in any of those names is an ABB India certificate and can be converted to demat without exchanging it first.

Why do ABB India shareholders also own Hitachi Energy shares?
In December 2019 ABB India demerged its power grids business into a new company, ABB Power Products and Systems India Limited. Everyone on ABB India’s register on the record date, 23 December 2019, received 1 share of the new company for every 5 ABB India shares. The new shares were allotted on 24 December 2019, started trading on 30 March 2020, and the company was renamed Hitachi Energy India Limited in November 2021.

What is ABB Power Products and Systems India Limited?
It is the old name of Hitachi Energy India Limited. If your family held ABB shares on paper in December 2019, the Hitachi Energy shares were issued on paper too, in the name ABB Power Products and Systems India Limited. That certificate is a Hitachi Energy certificate and can be converted to demat through KFin Technologies.

What is the history of ABB India bonus shares?
ABB India, under its earlier names, issued bonus shares of 1 for every 3 held in 1978, in January 1994 and in December 1996. In June 2007 each ₹10 share was split into five ₹2 shares. There has been no bonus issue since. Hitachi Energy India and GE Power India have never issued bonus shares or split their shares.

How many shares do 100 old ABB shares become today?
It depends on when the shares were first held in your name. 100 shares held between 1979 and January 1994 are now 885 ABB India shares, 177 Hitachi Energy shares and 177 GE Power India shares, worth about ₹1.19 crore at prices on 24 September 2026. 100 shares held between December 1996 and November 1999 are 500 ABB India, 100 Hitachi Energy and 100 GE Power India shares, about ₹67 lakh.

Did ABB shareholders get GE Power India shares?
Yes, if they held ABB shares before November 1999. That year ABB moved its power generation business into ABB Alstom Power India, and shareholders received 1 share of it for each ABB share. The company was later renamed Alstom Power India, Alstom Projects India, Alstom India and finally GE Power India. It has never issued bonus shares or split its shares.

Who is the registrar for ABB India and Hitachi Energy shares?
KFin Technologies Limited is the registrar and share transfer agent for ABB India, Hitachi Energy India and GE Power India. Demat requests, KYC updates, duplicate certificates, transmission and IEPF entitlement letters for all three go through KFin, but each company keeps its own register, so each folio is handled separately.

How do I claim ABB India or Hitachi Energy shares from the IEPF?
Open a demat account, complete KYC with KFin Technologies and get an entitlement letter, then file Form IEPF-5 on the Ministry of Corporate Affairs website. Send the signed form, an indemnity bond, an advance receipt, your ID, a cancelled cheque, the client master list and the entitlement letter to the company’s Nodal Officer at its registered office in Bengaluru. The company verifies the claim and the IEPF Authority releases the shares to your demat account.

Do I need separate IEPF claims for ABB India and Hitachi Energy?
Yes. Form IEPF-5 is filed company by company. If your ABB shares were already in the IEPF on 23 December 2019, the Hitachi Energy shares due on them were credited to the IEPF too, so you need one claim for ABB India and a second for Hitachi Energy. If the ABB shares moved to the IEPF later, the Hitachi Energy shares may still be with the company and can be converted to demat directly.

How do I check if my ABB shares or dividends are unclaimed?
ABB India’s share information page links to two searches run through KFin Technologies: shares already transferred to the IEPF, and shares due to be transferred next. Hitachi Energy India’s shareholder page has its own IEPF and unclaimed dividend section. You can also search by company and holder name on the IEPF Authority’s website, iepfa.gov.in.

I have lost my ABB or Hitachi Energy share certificates. What do I do?
If the shares are still with the company, open a demat account, then apply to KFin Technologies for duplicate shares with Form ISR-4. Up to ₹10 lakh per company you need only a standard affidavit-cum-indemnity bond (a plain-paper undertaking up to ₹10,000). Above ₹10 lakh, which is about 140 ABB India shares or only 32 Hitachi Energy shares at today’s prices, you also need a police report and a newspaper notice. If the shares have already gone to the IEPF, the old certificates were cancelled at that point and you claim with Form IEPF-5 instead.

How long does an ABB India IEPF claim take?
The rules allow the company 15 days to send its verification report and the IEPF Authority 60 days to decide, so about 75 days on paper. In practice claims often take much longer, usually because documents go back and forth between the claimant, the company and the Authority.

Do I have to pay SharesRecover anything upfront?
No. Zero advance — you pay only once the shares are credited to your demat account.

Holding old share certificates? Confirm exactly where they stand.

Send us the names and folio numbers on your certificates. We will confirm whether the shares are still in your name, whether they have moved to the IEPF, and what they are worth today.

Zero advance — you pay only once the shares are credited to your demat account.

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