Quick Summary
3i Research is a SEBI registered individual Research Analyst practice run by sole proprietor Akhil Kumar Rai, under registration number INH000012689, based in Jabalpur, Madhya Pradesh. It offers four paid research subscriptions priced between ₹1,00,000 and ₹1,50,000 per year. Its displayed complaint disclosure shows no pending grievances, though the data appears to reflect figures only up to October 2025. At least one user has separately alleged inaccurate option calls online and referenced a SEBI SCORES filing. This guide covers the registration, pricing, and how to escalate a complaint if your experience did not match expectations.
3i Research operates as a SEBI registered individual Research Analyst, not a company, run entirely by one proprietor rather than a larger team.
That distinction matters before you commit ₹1,00,000 or more to any of its subscription plans.
This 3i Research review walks through the registration, what the practice actually offers, what its own disclosures show, and what to do if a subscription did not deliver what was promised.
Is 3i Research SEBI Registered?
Yes. 3i Research is registered with SEBI as an Individual Research Analyst under registration number INH000012689, granted on August 25, 2023.
3i Research operates as a SEBI registered individual Research Analyst, not a company, run entirely by one proprietor rather than a larger team.
That distinction matters before you commit ₹1,00,000 or more to any of its subscription plans.
This 3i Research review walks through the registration, what the practice actually offers, what its own disclosures show, and what to do if a subscription did not deliver what was promised.
The registration is held by Akhil Kumar Rai, who operates 3i Research as a sole proprietorship from Jabalpur, Madhya Pradesh, rather than through a registered company structure.
Per its own disclosures, the practice states it is not affiliated with any broker or intermediary and does not receive brokerage, commission, or third party compensation, and no penalties or directions have been issued against it by SEBI as of its latest disclosure.
Checking the SEBI registration status confirms 3i Research operates within SEBI’s regulatory framework, but a valid registration number by itself does not confirm service quality or resolve every concern you might have as a subscriber.
That is exactly why the sections below cover what the registration permits, what the practice charges, and what its own complaint data shows.
What Does 3i Research Offer?
3i Research positions itself around research-based market insights, describing a focus on continuously building its research infrastructure to support investor decision-making.
Its stated services include research and analysis of securities, buy, sell, and hold recommendations, preparation of research reports, and investor education workshops.
The practice currently runs four paid subscription plans.
Its pricing structure includes:
- Kurukshetra at ₹1,50,000 per year.
- Pandavas at ₹1,50,000 per year.
- Karma at ₹1,50,000 per year.
- Dark Horse Equity Trading Service at ₹1,00,000 per year.
Each of these plans is priced well above what many retail investors typically pay for research subscriptions, so understanding exactly what is included before subscribing matters more here than it would for a lower cost service.
What Can 3i Research Legally Do?
Every SEBI registered Research Analyst, 3i Research included, operates within a defined set of permissions, and understanding them protects you regardless of which analyst you are evaluating.
A registered RA can publish research reports, share buy, sell, or hold recommendations backed by documented analysis, and run investor education sessions.
A registered RA cannot manage your trading account on your behalf, guarantee profits or fixed returns, or collect fees structured around your trading profits.
If a recommendation you receive starts to feel tailored specifically to your personal portfolio, income, or risk appetite rather than a general research call, it is worth understanding what a SEBI registered research analyst can do so you know where research ends and a different, separately regulated category of advice begins.
3i Research Complaints
As per its own website data, 3i Research currently shows no pending complaints, which on its face is a positive signal.
However, that displayed complaint disclosure appears to reflect data only up to October 2025, while user discussions referencing the practice continue into 2026, which creates a visible gap between the disclosure date and the present.
One user has separately alleged online that they received inaccurate option calls that resulted in losses, and stated they had filed a complaint through the SEBI SCORES portal.
We are reporting what this user said in a public post. We are not independently verifying this account, and no SEBI order confirming this conduct has been issued as of this writing.
Separately, the practice shows strong ratings on major review platforms, with a five-star Google rating from roughly 30 reviewers and a similar rating on Justdial, though a portion of these reviews date back several years and may not reflect current service quality.
A complete picture requires weighing the registration status, the pricing, the disclosure gap, and both the positive and negative user feedback together rather than any single data point alone.
Not sure whether your 3i Research subscription delivered what you were promised?
We will review your subscription agreement, trade history, and communication records to identify exactly where things went wrong, then help you build a complaint SEBI and the practice will actually act on.
How to File a Complaint Against 3i Research?
If your experience with 3i Research did not match what was promised, or a concern has gone unresolved, SEBI’s standard escalation path applies here the same way it does for any registered Research Analyst.
The process moves through defined stages, each one strengthening your position if the one before it didn’t work.
Start by collecting everything relevant: payment receipts, WhatsApp or Telegram messages, trade screenshots, and a clear written timeline of what happened.
Raise your concern with the practice directly first, in writing, stating the service purchased, the issue faced, and the resolution you expect, and keep a copy of your submission along with any reply.
If that does not resolve the matter, the full process for filing against any SEBI-registered analyst is covered on our complaint against SEBI registered research analyst page.
File formally with SEBI SCORES, citing registration number INH000012689 and attaching your documentation. The complete guide is on our SCORES SEBI complaint page.
If SCORES does not bring resolution, the next step is structured mediation. SEBI’s online conciliation platform, SMART ODR portal, is designed to move faster than formal arbitration in most cases.
Conclusion
3i Research is a genuinely SEBI-registered individual Research Analyst practice, run by sole proprietor Akhil Kumar Rai under registration number INH000012689, offering four premium-priced research subscriptions.
Its registration is valid, and no SEBI penalties are on record as of this writing, but its complaint disclosure appears outdated and at least one unverified user complaint is currently circulating online.
Weigh the registration, the pricing relative to what is included, and both the positive ratings and the open complaint signals before committing ₹1,00,000 or more to any of its plans.
Report. Recover. Stay Fraud Free.
Frequently Asked Questions
3i Research is an individual Research Analyst practice, a sole proprietorship run by Akhil Kumar Rai, not a registered company. This matters because accountability rests with one individual rather than a corporate structure.
Its published complaint data appears to reflect figures only up to October 2025. This may be a delayed update on the practice's part, but investors should verify current status directly before relying on it.
No. Registration confirms regulatory oversight and legal permission to operate as a Research Analyst, but it does not guarantee profitable calls, responsive service, or dispute-free experience.
Refund eligibility depends on the specific terms disclosed at subscription and the circumstances of your case. Document everything and raise it directly with the practice before escalating to SCORES.
Add us as a preferred source on Google »
