Quick Summary
Abhishek Gupta is the co-founder of Graassp Equity Research Services and holds SEBI Research Analyst registration INH000015668, granted in 2024. The firm began operating in 2023, a year before registration. Abhishek Gupta lists four simultaneous roles on the website including compliance officer and CEO. The complaint disclosure has not been updated beyond August 2025. No pricing is publicly available. Four specific concerns from the firm’s own website and published information.
Abhishek Gupta is the co-founder of Graassp Equity Research Services, based in New Delhi.
He holds an MBA in Finance from IBS Hyderabad and a B.Tech from VIT Vellore.
The firm’s website describes over 15 years of equity market experience and traces the business concept back to 2015.
Graassp Equity Research Services holds SEBI Research Analyst registration INH000015668 under Abhishek Gupta.
The registration is verifiable. The zero complaint record is published on the firm’s website and is a genuine positive.
What four specific details from the firm’s own information reveal beyond the registration is what this Abhishek Gupta Graassp Equity Research Services blog covers.
For the complete breakdown of what Graassp Equity Research Services offers, their complaint filing process, and the full escalation path from SEBI SCORES through arbitration, the published complaint guide covers everything.
Read the Graassp Equity Research Services complaints guide.
Graassp Equity Research Services Registration Timeline Gap
Graassp Equity Research Services began operating in 2023 according to its own website. The SEBI Research Analyst registration was granted in 2024.
This means the firm provided equity research services, operated client relationships, and built its service offering during a period before the registration that legally authorises those services was in place.
SEBI’s Research Analyst Regulations require registration before providing research services as a business. Operating without registration, even for a short period, is a compliance question prospective clients are entitled to ask about directly.
The firm’s website describes the 2015 to 2023 period as the conceptual development phase.
Whether research services were commercially provided during any period before the 2024 registration date is a question worth asking before subscribing.
Abhishek Gupta Graassp Equity Research Services Four-Role Problem
Abhishek Gupta’s official website lists him in four simultaneous roles.
Customer Care Head. CEO. Compliance Officer. Principal Officer.
The Compliance Officer and Principal Officer roles carry specific regulatory responsibilities under SEBI’s Research Analyst Regulations.
The compliance officer is responsible for ensuring the firm meets all ongoing regulatory requirements. The principal officer is designated for regulatory accountability purposes.
When the same person who founded and runs the firm also holds the compliance officer role, the structural independence between day-to-day business operations and regulatory compliance oversight does not exist.
In a larger firm, these roles would be separated so the compliance officer can independently verify that the business is operating within regulatory boundaries.
With all four roles resting with one person, that separation is absent.
This is not a violation in itself. Many small proprietorship-based RA firms have this structure.
But it means that if a compliance gap exists, the person responsible for identifying it and the person responsible for the business that created it are the same individual.
For an investor filing an internal grievance, the grievance goes to the same person whose business conduct the grievance concerns.
Graassp’s Complaint Disclosure Not Updated Beyond August 2025
Graassp’s complaint disclosure page shows zero complaints. That is a genuine positive.
The concern is the date. The latest data visible on the website is for August 2025. SEBI requires Research Analysts to update complaint disclosure by the 7th of every following month.
If the disclosure was last updated in August 2025, it is several months behind the regulatory requirement.
| Sr. No. | Month | Carried forward from previous month | Received | Resolved | Pending |
| 1. | September 2024 | 0 | 0 | 0 | 0 |
| 2. | October 2024 | 0 | 0 | 0 | 0 |
| 3. | November 2024 | 0 | 0 | 0 | 0 |
| 4. | December 2024 | 0 | 0 | 0 | 0 |
| 5. | January 2025 | 0 | 0 | 0 | 0 |
| 6. | February 2025 | 0 | 0 | 0 | 0 |
| 7. | March 2025 | 0 | 0 | 0 | 0 |
| 8. | April 2025 | 0 | 0 | 0 | 0 |
| 9. | May 2025 | 0 | 0 | 0 | 0 |
| 10. | June 2025 | 0 | 0 | 0 | 0 |
| 11. | July 2025 | 0 | 0 | 0 | 0 |
| 12. | August 2025 | 0 | 0 | 0 | 0 |
| Grand Total | 0 | 0 | 0 | 0 |
Zero complaints in an outdated table tells you about a historical period. It does not tell you about the months between the last update and today.
Asking the firm to show current complaint data, specifically the months from September 2025 onwards, is a reasonable and direct question before subscribing.
No Public Pricing for Services
The website describes Graassp’s three core service areas: Smallcase portfolios, Equity Research Reports, and Industry Research Reports.
No pricing for any of these services appears publicly on the website before you make contact.
SEBI’s annual fee cap for Research Analysts is Rs. 1,51,000 per client family per year across all services combined.
A prospective subscriber who cannot see pricing before engaging cannot calculate whether the services they want would approach or exceed this cap.
Pricing transparency before any contact is made is a basic standard of investor-friendly service.
Without it, the entire fee comparison and budget decision has to happen after the subscription conversation has already started.
What the Zero Complaint Record Actually Means?
Graassp’s disclosure shows zero complaints across three successive reporting years. This is worth acknowledging specifically.
In a space where SEBI’s SCORES platform receives thousands of grievances annually against research and advisory firms, a firm that has maintained zero formal complaints while serving clients since 2023 is demonstrating something that most firms in this segment cannot.
The outdated disclosure is a compliance gap. The zero underlying number is a genuine positive.
Both things are true simultaneously.
Before You Subscribe To Graassp, Check This
Three checks take under ten minutes and tell you more than the website alone.
Verify registration INH000015668 on sebi.gov.in.
Confirm Active status and note the exact registration date. If the date is 2024, ask the firm directly when it began providing research services commercially and what authorisation covered the pre-registration period.
Ask the firm to provide the current complaint disclosure data for all months from the last published entry to the present. SEBI requires this data to exist.
The firm should be able to produce it.
Ask for full pricing across all service tiers in writing before any conversation about subscribing. This lets you compare against the Rs. 1,51,000 annual cap and against other registered analysts.
Our team files your SEBI SCORES complaint, prepares the documentation, and represents you through SMART ODR and arbitration.
Conclusion
Abhishek Gupta holds a genuine SEBI Research Analyst registration and Graassp Equity Research Services maintains a zero formal complaint record.
Those are real positives that stand up to scrutiny.
Four specific concerns appear from the firm’s own information. The registration came a year after the firm started operating.
Abhishek Gupta holds four simultaneous roles including compliance officer. The complaint disclosure has not been updated since August 2025.
Pricing is not publicly available before contact.
None of these require going outside the firm’s own website and public records to observe. They are all visible before any subscription is paid.
Registration and a clean complaint record are the floor of due diligence. These four questions are the next layer.
Frequently Asked Questions
Yes. Abhishek Gupta holds SEBI Research Analyst registration INH000015668. Verify the current status at sebi.gov.in under the Research Analyst category. Note the registration date and compare it against when the firm claims to have started operations.
Abhishek Gupta is listed as Customer Care Head, CEO, Compliance Officer, and Principal Officer on the firm's website. The compliance officer role carries a specific regulatory responsibility to ensure the firm operates within SEBI's requirements. When the same person runs the business and holds the compliance officer role, the structural independence between operations and compliance oversight is absent.
SEBI requires Research Analysts to update complaint data monthly by the 7th of the following month. The disclosure last updated in August 2025 is several months behind. This means the zero complaint record is accurate for the period covered but does not confirm what happened in the months since the last update.
Yes. File on SEBI SCORES at scores.sebi.gov.in under the Research Analyst category using registration number INH000015668. The complete step-by-step process including SMART ODR escalation and arbitration is covered on the published complaint page linked above.
SEBI's Research Analyst Regulations require registration before providing research services commercially. If the firm was providing research services in 2023 before the 2024 registration, that period of operation preceded the authorisation that makes those services legal. Asking the firm directly what services were provided before registration and on what basis is a reasonable pre-subscription question.
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