Quick Summary
AlphaGrep Advisors Private Limited holds SEBI Investment Adviser registration INA000018470, granted October 9, 2023, with Principal Officer Punit Mitter Sahi. The firm also separately holds SEBI Research Analyst registration INH000025197, which its own website never mentions. This page covers both registrations, the firm’s actual disclosures, the wider AlphaGrep group it sits inside, and what to check before becoming a client.
Ever noticed how some advisory firms sound impressively technical, throwing around terms like “tick data” and “market microstructure”?
That confidence can quietly skip the basics investors actually need.
AlphaGrep Advisors Private Limited positions itself as a data-driven investment advisory firm, built for high-net-worth and institutional clients.
Its website reads confidently, and its leadership bios sound credentialed.
But before trusting any advisory firm with your money, checking what it discloses matters just as much as what it claims.
AlphaGrep Advisors
AlphaGrep Advisors Private Limited operates as an Investment Adviser, holding SEBI registration number INA000018470, granted October 9, 2023, on a perpetual basis.
The firm is based at Unit No. 1406, 14th Floor, Parinee Crescenzo, G Block, Bandra Kurla Complex, Bandra East, Mumbai, 400051.
AlphaGrep Advisors Private Limited was incorporated on April 25, 2023, under CIN U66190MH2023PTC401614.
Its leadership includes Directors Bhautik Ambani and Praveen Kumar, both carrying substantial backgrounds in quantitative finance and hedge fund strategy.
The Principal Officer is Mr. Punit Mitter Sahi, reachable by phone at +91 22-68858714, and by email at [email protected].
According to its own website, the firm currently serves high-net-worth individuals, family offices, and accredited institutional clients.
Its approach relies heavily on granular market data, order book analysis, earnings information, and alternative data streams to generate investment insights.
The firm also offers execution support through a linked broking entity, AlphaGrep Securities, without charging separate execution fees to its advisory clients.
AlphaGrep Securities Private Limited itself holds a genuine, independently verifiable broking registration, INZ00007930, with active NSE and BSE membership.
On paper, AlphaGrep Advisors sounds like a sophisticated, well-resourced advisory operation.
But here’s an important detail worth flagging immediately.
Does AlphaGrep Advisors Have a Research Analyst Registration Too?
AlphaGrep Advisors Private Limited is also registered with SEBI as a Research Analyst, under registration number INH000025197.
Yet its own website makes no mention of this Research Analyst registration anywhere. Only the Investment Adviser registration appears on its regulatory page.
That’s the first gap worth understanding before we go further.
This matters because an Investment Adviser and a Research Analyst operate under two different regulatory frameworks, with different conduct rules, different fee structures, and different scopes of permitted activity.
If a client can’t tell which registration governs a specific piece of advice or research, they can’t easily tell which set of investor protections actually applies to them.
Where AlphaGrep Advisors’ Disclosures Fall Short?
SEBI requires every registered intermediary, whether an Investment Adviser or a Research Analyst, to publish specific documents clearly on its website.
A close review of AlphaGrep Advisors Private Limited’s regulatory page reveals several gaps worth noting.
1. No Published Investor Charter
SEBI mandates that Investment Advisers and Research Analysts publish an Investor Charter, outlining investor rights, service standards, and grievance timelines.
AlphaGrep Advisors’ website does not display an Investor Charter anywhere.
This document exists specifically to help investors understand what to expect before signing up, and its absence removes an important layer of clarity.
2. No Complaints Data Disclosure
Registered intermediaries must publish periodic complaint data, showing numbers received, resolved, and pending.
This firm’s website carries no visible complaints table at all, whether for its Investment Adviser registration or its Research Analyst registration.
Without this data, investors have no independent way to gauge the firm’s grievance history before engaging its services.
3. The Research Analyst Registration Goes Unmentioned
As noted earlier, AlphaGrep Advisors holds registration number INH000025197 as a Research Analyst, yet this simply isn’t referenced on the website at all.
If the firm offers any research-based services under this registration, failing to disclose it clearly creates confusion about which regulatory framework actually applies to a given service.
4. No Fee Structure or Risk Profiling Details
The website doesn’t outline its advisory fee structure, nor does it explain its client risk profiling process.
SEBI’s Investment Adviser regulations expect this information to be reasonably accessible, so clients understand costs and suitability checks before committing.
5. No NISM Certification Details for Individual Advisors
While the leadership bios highlight professional experience, the website doesn’t list specific NISM certification numbers for the individuals providing advice.
This detail matters because SEBI requires client-facing advisors to hold valid, current certifications, and publishing this builds independently verifiable trust.
These gaps don’t necessarily confirm deliberate wrongdoing. But collectively, they represent real transparency shortfalls that every prospective client should notice before subscribing.
How AlphaGrep Advisors Fits into the Group?
One thing worth understanding, since it shapes how the firm actually operates, AlphaGrep isn’t a single, isolated entity.
The wider AlphaGrep group was founded in 2009 by Mohit Mutreja and Parshant Mittal, and now employs over 250 people across 10 offices globally.
AlphaGrep Securities Private Limited holds a genuine broking registration, active on both NSE and BSE.
A separate arm, AlphaGrep Investment Management, currently manages approximately ₹2,000 crore across Alternative Investment Fund and Portfolio Management Services platforms, including operations in GIFT City.
AlphaGrep has also recently received a SEBI mutual fund licence and has launched its first fund, the AlphaGrep Flexi Cap Fund NFO, through this newly licensed arm.
This wider group context matters for one reason specifically: a client dealing with “AlphaGrep” needs to know exactly which legal entity, and which specific SEBI registration, actually governs the service they’re paying for.
AlphaGrep Investment Management maintains its own, separate regulatory disclosure page, distinct from the AlphaGrep Advisors page this review focuses on.
Should You Invest With AlphaGrep Advisors Private Limited?
This is where documentation gaps meet genuine investor judgment.
To be fair, AlphaGrep Advisors does publish some solid compliance basics.
Its regulatory page lists the Principal Officer’s contact details, a clear grievance redressal process, and links to SEBI SCORES and SMART ODR for escalation.
Its standard disclaimer also appropriately states that SEBI registration doesn’t guarantee performance or assure returns, a disclosure many firms tend to underplay.
Still, before engaging with AlphaGrep Advisors Private Limited, ask yourself these questions.
- Have I verified both registration numbers directly on SEBI’s official website?
- Do I understand exactly which services fall under the Investment Adviser registration versus the Research Analyst registration?
- Have I asked the firm directly for its complaint history and Investor Charter?
- Am I clear on the fee structure before any advisory relationship begins?
- Do I know which specific AlphaGrep entity, Advisors, Securities, or Investment Management, actually governs my account?
- Do I know how to escalate a concern if something feels unresolved later?
No SEBI-registered Investment Adviser or Research Analyst, including AlphaGrep Advisors, can guarantee returns, regardless of how data-driven its language sounds.
If your experience with this or any advisory firm doesn’t match what was promised, structured complaint channels remain fully available to you.
Also Read: Gaurav Agrawal Investment Advisor, suspended six months by SEBI in 2025.
How to File a Complaint Against AlphaGrep Advisors?
Knowing a firm has disclosure gaps is one thing. Knowing exactly how to act on it if something already went wrong is different.
If you ever feel a service didn’t match what was promised, here’s the process worth following.
Step 1: Collect Your Evidence
Save advisory agreements, payment records, correspondence, and any research or recommendations shared with you.
Back up your communication history and take screenshots of any specific portfolio dashboards before raising a formal dispute.
Step 2: Raise The Issue with the Firm
Email the firm at [email protected], and escalate to the Principal Officer, Punit Mitter Sahi, if unresolved.
Note your unique Client ID and write “Grievance” in the subject line to ensure your issue routes directly to the compliance team.
Step 3: File through SEBI SCORES
If the firm doesn’t resolve things satisfactorily, register your complaint using registration number INA000018470, along with your documented evidence.
Outline a precise timeline of events so the reviewing SEBI officer can quickly verify where the communication broke down.
You can file SEBI SCORES complaint directly through SEBI’s own official portal.
Step 4: Escalate to SMART ODR.
If SCORES doesn’t bring resolution, register through the SMART ODR portal for structured, neutral mediation.
This automated platform functions as a digital bridge, allowing both parties to resolve financial disputes online without needing physical court appearances.
Step 5: Move to Arbitration
If mediation still falls short, share market arbitration offers a final, binding path toward resolution.
An arbitrator’s verdict holds the highest level of formal escalation available and is legally binding on both you and the advisory firm.
Each stage depends heavily on documentation, so keep your records organised from the very start.
Reviewing a firm’s disclosures and verifying multiple registration numbers takes real time and attention.
Our team helps investors independently confirm registration details and prepare complaints that hold up under scrutiny.
What This Means Before You Sign Up?
AlphaGrep Advisors’ registration is real, and the firm sits inside a genuinely large, established financial group with real broking, AIF, and mutual fund licences alongside it.
What deserves equal weight is the second, unmentioned Research Analyst registration, the missing Investor Charter, and the absent complaint data.
None of these prove wrongdoing individually, but all of them are worth resolving directly with the firm before any advisory relationship begins.
Conclusion
AlphaGrep Advisors Private Limited presents itself as a sophisticated, data-driven investment advisory firm, backed by experienced leadership in quantitative finance.
It does publish some genuine compliance basics, including grievance redressal contacts and links to SEBI’s official escalation platforms.
But this review found real gaps worth your attention: no published Investor Charter, no visible complaints data, and no mention of its separate Research Analyst registration anywhere on its website.
Before engaging with any advisory firm, verify every registration number independently, and don’t hesitate to ask directly for documents that should already be public.
Report. Recover. Stay Fraud Free.
Disclaimer: No SEBI order, adjudication, or arbitration ruling has been issued against AlphaGrep Advisors Private Limited as of this writing. The observations above are based on the firm’s own published disclosures and independently verifiable corporate records, and are shared for informational purposes only.
Frequently Asked Questions
Yes. Beyond its Investment Adviser registration, the firm also holds a Research Analyst registration, though this second registration isn't mentioned on its website.
The firm states it serves high-net-worth individuals, family offices, and institutional clients holding recognised accreditation certificates.
According to its website, neither the firm nor its linked broking entity, AlphaGrep Securities, charges separate execution fees to advisory clients.
SEBI granted the Investment Adviser registration on October 9, 2023, on a perpetual basis.
Yes. The wider AlphaGrep group includes a separately registered broking arm, an AIF and PMS business managing roughly ₹2,000 crore, and a recently granted SEBI mutual fund licence.
Request their Investor Charter, complaint history, fee structure, and confirmation of which specific SEBI registration governs the service you're paying for.
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