What if someone with a SEBI registration number and a polished WhatsApp pitch could still turn your savings into a scam story overnight?
That is exactly what has happened to several investors dealing with Abhishek Ummat.
If you are searching for “Abhishek Ummat complaints,” you are probably somewhere between hope and doubt. You might be wondering, “Can a registered person really run a scam? Can I still trust SEBI credentials?”
In this blog, we will walk you through who Abhishek Ummat is, what he is accused of, which real cases are linked to his name, and most importantly, how you can protect yourself from similar frauds in the future.
Who Is Abhishek Ummat?
Abhishek Ummat appears as a SEBI‑registered research analyst with the registration number INH000016302. Being registered means he is legally allowed to provide research and advisory services in the securities market.
But it does not guarantee that he will always follow SEBI’s rules or that investors will be safe from fraud.
In practice, many people associated with his name have been linked to online stock‑trading scams, fake WhatsApp groups, and misleading apps that look like real trading platforms.
These structures are designed to create a sense of trust so that investors keep sending money, believing they are dealing with a professional guided by SEBI.
Registration is just a paperwork step; it does not come with a guarantee that no scam will happen.
That is why, whenever you see a name like Abhishek Ummat’s complaints, you must treat it as a red flag and not as a one‑off mistake.
One of the sharp warning signs around Abhishek Ummat is the misuse of the name Abhinandan Stock Broking Pvt Ltd (ASBPL).
The company has publicly cautioned investors to be careful before doing any transaction with persons using names like Abhijit Talukdar, Anita Patnaik, Abhishek Ummat, or similar aliases.
Their advisory clearly states that they do not know many of these individuals and are not associated with them in any way.
If someone claims to represent “Abhinandan Stock” or uses their brand to push you into a WhatsApp group, a fake app, or a sudden payment link, it is not an official offering.
The message is simple: if any payment is asked in the name of Abhishek Ummat or other such names, please do not send money.
Abhishek Ummat Complaints Online
When you type “Abhishek Ummat complaints” online, one of the first cases that comes up is the Hyderabad‑based MNC executive who lost about Rs 1.6 crore in an online stock‑trading scam.
According to the victim’s complaint, she received a WhatsApp message from someone introducing himself as Abhishek Ummat. He called himself a financial assistant and promised high returns through intraday trading.
She was then pushed into a WhatsApp group named “B13 ASBPL VIP ELITE COMMUNITY”. She was then asked to install a mobile app that looked exactly like a real brokerage platform.
Already convinced by fake success stories and a polished app, she first sent Rs 50,000, then around Rs 4.5 lakh, and later over Rs 42 lakh.
She ultimately ended up transferring about Rs 1.2 crore in multiple transfers.
The app showed her total “earnings” as Rs 22 crore, luring her into sending more money. When she tried to withdraw, the fraudsters demanded Rs 30 lakh as processing fees, which finally made her realise she was scammed.
Cyberabad police eventually registered a case against the accused under cheating, personation, forgery, and IT‑Act clauses, including Section 66‑D (cheating by personation using a computer resource).
What Can You Learn as an Investor From This Case?
This case teaches every investor some important lessons like: .
- No matter how professional the language, the number of “clients,” or the so‑called “official group,” always cross‑check the person’s and company’s credentials through SEBI’s official website, not through links sent over WhatsApp.
- If someone promises unusually high returns in intraday or short‑term trading, pause and ask: If this is so easy, why are they selling it through WhatsApp instead of running a big, regulated fund?
- Scammers often clone real‑looking apps and use names like “B13 ASBPL VIP ELITE COMMUNITY” to ride on the reputation of genuine firms such as Abhinandan Stock Broking.
- If someone asks you to share an OTP or install a remote‑access app, assume it is a scam and stop the process immediately.
- The victim’s detailed complaint and transaction trail helped Cyberabad police frame charges. If you ever feel scammed, save all chats, UPI‑SMS confirmations, screenshots, and dates; this can be crucial later.
The only step you can take to protect your capital is: Caution! If you are cautious enough to notice the red flags, you will never fall for any investment trap.
SEBI Guidelines For Research Analysts
SEBI has laid down clear rules so that research analysts cannot mislead or exploit investors. These guidelines are meant to protect you, not just to satisfy paperwork.
Here are key SEBI guidelines for research analysts in simple pointers:
- Research analysts must be registered with SEBI and must always mention their valid registration number on all reports and communications.
- They are not allowed to promise guaranteed or fixed returns or to claim that any investment is risk‑free.
- They must clearly disclose all risks in their research so that investors understand potential losses as well as possible gains.
- They must not pressure or manipulate clients into urgent trades using fear, greed, or fake success stories.
- They are barred from sharing confidential client information or using insider knowledge to benefit themselves or a small group.
If the person you are dealing with ignores even one of these basic rules, that is a strong warning sign. Before trusting any “expert,” always match their behaviour with what SEBI actually expects from a genuine research analyst.
How to File a Complaint Against a Research Analyst?
If you encounter problems with a research analyst, follow these straightforward steps to seek a resolution.
1. Reach Out to the Research Analyst
Start by contacting the research analyst using their official communication channels. Clearly outline your concern, mentioning the service you purchased, the amount paid, and the difference between what was promised and what you actually received.
Make sure all communication is documented in writing so it can be used as evidence if needed later. Keep copies of emails, messages, and any replies as part of your records.
Allow a reasonable response window, generally around 10 to 15 working days. Many concerns are resolved at this stage when the issue is clearly presented.
2. Lodge a Complaint on the SCORES
If the response is unsatisfactory or not received, the next step is to lodge a complaint through the SEBI SCORES system.
You will need to register using your PAN and mobile number.
While submitting the complaint, select the appropriate category (such as Research Analyst), provide the registration details of the entity, attach supporting documents, and clearly describe your issue.
After submission, the complaint is sent to the concerned entity for their response. You can monitor the progress online and seek further review if required.
3. File a Complaint on the SMART ODR
If the issue remains unresolved or involves a financial dispute, you can escalate the matter through the SMART ODR platform.
This system facilitates mediation and conciliation through an online process, aiming to resolve disputes efficiently without lengthy legal proceedings.
Ensure that all relevant documents, previous complaint references, and supporting evidence are properly uploaded. The process is more structured and focuses on reaching a mutually agreed resolution.
4. Arbitration in the Stock Market
If none of the previous steps lead to a satisfactory outcome, arbitration is the final option. You can initiate this process through stock exchanges such as the National Stock Exchange or BSE Limited.
Arbitration is a formal proceeding where an independent arbitrator reviews the case and evidence presented by both parties before issuing a binding decision. Although it may take more time, it is often effective in cases involving significant financial disputes.
Need Help?
If the process feels overwhelming or unclear, you don’t have to manage it alone. Register your complaint with us, and we can help streamline the entire process.
We will assess your situation, assist in organising your documents, and guide you step by step, whether it’s filing a complaint or choosing the most appropriate platform.
We will also monitor online SEBI complaint status.
Having the right guidance at the right time can significantly improve your chances of a smooth resolution.
Conclusion
Not every registration number gives you a safety belt. “SEBI‑registered” is just a starting point, not a full guarantee.
Fake profiles, cloned apps, and cloned company names can still trap you. Your real protection lies in questions, research, and verification.
If something feels too smooth and too fast, pause and think.
Always cross‑check before you send even a single rupee. Research first, trust later, and protect your money because your future depends on it.
