Quick Summary
Alpha Wealth Research holds SEBI Research Analyst registration INH000014650 under proprietor Syed Haris Ali, based in Indore, Madhya Pradesh. The firm is BSE listed. Services cover equity, cash, index futures, commodity futures, and options delivered via Telegram. The firm claims 10 years of expertise against a 2024 registration date. Pricing appears to breach SEBI’s Rs. 1,51,000 annual fee cap. Nine complaints were filed in FY 2025-26, all resolved. This page covers the registration, the owner, and the specific red flags worth checking before you subscribe.
Alpha Wealth Research is a real SEBI registered firm. The registration number INH000014650 is genuine and verifiable.
That is the direct answer to the first question most investors ask. But registration is a starting point, not a conclusion.
When you look at the firm’s pricing structure, complaint data, and the gap between its marketing claims and its registration date, a more complete picture emerges.
This page covers everything you need to make an informed decision about Alpha Wealth Research before subscribing, and what to do if you have already paid and something went wrong.
Alpha Wealth Research Company
Alpha Wealth Research holds SEBI Research Analyst registration INH000014650, active on a perpetual basis since January 31, 2024. The firm is also BSE listed, adding another layer of formal recognition.
Syed Haris Ali is the registered proprietor. The firm operates as a sole proprietorship, which means the SEBI registration belongs to him personally.
Every compliance obligation, every mandatory disclosure, and every complaint accountability rests directly with him as the registered individual.
Based on his publicly available LinkedIn profile, Syed Haris Ali has experience in equity research and financial markets and manages Alpha Wealth Research’s operations from Indore.
When you file a complaint on SEBI SCORES, you name Syed Haris Ali directly under registration number INH000014650. No corporate routing, no separate compliance officer.
The firm describes itself as a new generation team of analysts focused on data-backed strategies and in-house research.
Six stated pillars: client-first values, growth, long-lasting relationships, full transparency, consistent excellence, and in-house research with no outsourcing.
Services cover equity, cash, and index futures, commodity futures, and options. All recommendations are delivered via a private Telegram channel after subscribers complete onboarding.
To verify the registration yourself: go to sebi.gov.in, select Research Analyst as the intermediary category, and search INH000014650.
Alpha Wealth Research Complaint Data: Nine in FY 2025-26
SEBI requires every registered Research Analyst to publish investor complaint data monthly and update it by the 7th of the following month.
| Financial Year | Received | Resolved | Pending |
|---|---|---|---|
| 2025-26 | 9 | 9 | 0 |
Nine complaints in a single financial year for an individual Research Analyst proprietorship is a significant volume. All nine are marked resolved.
The monthly data shows one complaint received in October 2025 that carried forward to December 2025 before resolution.
Resolved means the intermediary responded within the deadline. It does not confirm the investor was satisfied.
SEBI’s three-year disclosure requirement means only FY 2025-26 data is currently visible since the registration dates to 2024.
This is itself a compliance gap.
The detailed monthly complaint table with carry-forward data and specific user accounts is covered in full on our Alpha Wealth Research reviews page.
Alpha Wealth Research Is Real or Fake
Yes, Alpha Wealth Research is real. The registration itself is genuine, active, and verifiable directly on SEBI’s own portal, under Syed Haris Ali, Registration Number INH000014650.
This detail alone assures you that you are under regulatory protection if things go south.
However, investors should not decide whether a company is “real” or “fake” based on registration alone.
It is equally important to review its disclosures, transparency, complaint process, and whether its services match your own investment requirements.
So while the “real or fake” question has a straightforward answer, that’s not where your due diligence should end. Being registered doesn’t automatically mean a company deserves your trust.
Let’s look at four specific red flags that must not be ignored.
1. High Pricing
The first thing you should notice is the pricing. According to SEBI’s Research Analyst regulations, an RA cannot charge more than ₹1,51,000 from a client in a financial year.
But Alpha Wealth Research appears to be charging more than ₹1,70,000. The website also doesn’t clearly mention whether this fee is for a monthly, quarterly, or yearly plan.
That lack of clarity can leave you confused. If a company is registered with SEBI, shouldn’t it also follow SEBI’s pricing rules?
2. Missing Complaints Data
You should also pay attention to the complaint disclosure. SEBI requires Research Analysts to display complaint data for the last three financial years.
But Alpha Wealth Research has published complaint details for only one year, during which nine complaints are shown.
Since the company has been registered since 2024, you have every right to ask why the complaint data for the remaining years is missing.
Complete transparency helps you make an informed decision.
3. False Expertise Claims
Another point that deserves your attention is the company’s claim of having 10 years of expertise. Its SEBI registration, however, is only from 2024.
This naturally raises some important questions.
What was the company doing during the previous eight years? If investment-related services were being offered before registration, were they regulated? If not, is the “10 years of expertise” claim simply being used to attract your attention?
These are questions worth asking before you trust any advisor.
Also Read: Fusion Tech Research, a genuine registration, examined alongside real complaints.
What SEBI Registration INH000014650 Actually Covers?
The red flags above raise real questions. But understanding them properly means knowing exactly where the line sits.
A Research Analyst registration permits a specific, narrow set of activities, and prohibits an equally specific set of practices. Here’s exactly what falls on each side.
Permitted: Publishing research reports. Issuing buy, sell, or hold recommendations to all subscribers simultaneously. Charging a fixed subscription fee within SEBI’s Rs. 1,51,000 annual cap.
Not permitted: Guaranteeing returns or implying future calls will recover past losses. Providing personalised investment advice tailored to individual situations.
Delivering specific strike prices, lot quantities, and exact entry and exit timings privately. Soliciting additional capital from clients after losses.
December 2024 SEBI Amendment: What It Means for Your Subscription
SEBI’s December 2024 amendment to Research Analyst Regulations introduced a mandatory pro-rata refund obligation on early subscription exit.
This applies to every subscription with Alpha Wealth Research. A blanket no-refund clause does not override this regulation.
If you were refused a refund for unused subscription time, that refusal is a specific complaint ground under the December 2024 amendment.
Alpha Wealth Research: A Real Recovery Case
Beyond the registration and the red flags already covered, one real case shows exactly what can happen when a dispute with Alpha Wealth Research goes all the way through the system.
An investor was approached with screenshots of other clients’ profitable trades and subscribed on that basis.
He paid his fees in stages. Instead of the recovery he was promised, his losses grew, and when he asked for a refund, the firm refused.
That refusal is what pushed the matter into formal arbitration, moving through SEBI’s ODR framework, from initial conciliation all the way to a final, binding order.
The complete story, exactly what happened at each stage and what the arbitrator ultimately decided, is covered in full on our loss recovery from Alpha Wealth Research page.
Already Paid Alpha Wealth Research? What to Do Next
Not every dispute needs every stage. Some resolve with a single firm email. Others need the full regulatory weight behind them.
A written complaint to the firm itself, with a clear ask and a real deadline, is where nearly every real case starts. Give it three weeks before assuming it’s going nowhere.
If the firm doesn’t respond, the next stage is filing directly with the regulator. A SEBI SCORES complaint puts your case on formal record under registration INH000014650.
Should that stall too, structured mediation is available next. The SMART ODR portal brings in a neutral third party before anything becomes binding.
If neither resolves things, a final, binding decision is still on the table. Formal arbitration in share market produces a legally enforceable award, the last stage in the process.
For the complete walkthrough of this entire path, exactly what evidence to send at each stage, our how to complaint against Alpha Wealth Research page covers it in full.
Already dealing with Alpha Wealth Research and not sure where your case stands?
We will review your case, identify every applicable violation, draft the SCORES complaint, and represent you through SMART ODR and arbitration.
Conclusion
Alpha Wealth Research holds genuine SEBI registration INH000014650 under Syed Haris Ali as the registered proprietor. The firm is real, registered, and legally accountable.
Four specific concerns appear in the firm’s own published data and marketing claims. Pricing that appears to exceed SEBI’s annual fee cap. Complaint disclosure covering only one financial year against a requirement of three.
A 10-year expertise claim against a 2024 registration date. Documented conduct that stepped beyond the registration’s permitted scope.
All four are visible before any subscription is paid.
Report. Recover. Stay Fraud Free.
Alpha Wealth Research holds SEBI Research Analyst registration INH000014650 under proprietor Syed Haris Ali, active on a perpetual basis since January 31, 2024, based in Indore, Madhya Pradesh. Verify at sebi.gov.in under Research Analyst. Syed Haris Ali is the registered proprietor of Alpha Wealth Research under SEBI registration INH000014650. As an individual proprietorship, all compliance obligations and regulatory consequences rest directly with him. Alpha Wealth Research is real. The SEBI registration INH000014650 is genuine, active, and verifiable. However, being registered and being fully compliant are two different things, and four specific concerns deserve equal attention alongside the registration confirmation. Nine formal complaints were filed in FY 2025-26, all marked resolved. Complaint data for prior financial years is not publicly visible despite the registration dating to January 2024.Frequently Asked Questions
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