Choosing the right SEBI-registered expert is crucial, and Bhavin Kishorbhai Sorathiya Research Analyst is one name that often comes up.
Every day, thousands of retail investors look for reliable guidance before investing their hard-earned money.
So before you decide to subscribe to Perfect Research House, here’s a clear, evidence-based overview of everything you should know.
Who Is Bhavin Kishorbhai Sorathiya?
Bhavin Kishorbhai Sorathiya is the proprietor of Perfect Research House, a stock market research and advisory firm based in Rajkot, Gujarat.
The firm operates from Office No. 602, Sanskar Heights, 6th Floor, Near Radhe Circle, 150 Feet Ring Road, Rajkot, 360004.
Perfect Research House offers subscription-based trading packages across equity, Nifty Options, and other segments, targeting retail investors seeking research-backed recommendations.
Is Perfect Research SEBI Registered?
Yes, Perfect Research is associated with Bhavin Kishorbhai Sorathiya, who holds a SEBI Research Analyst registration with the number INH000010955.
This registration appears on the SEBI official RA registry and is confirmed in the firm’s own annual complaint data report dated September 30, 2023.
Investors can verify this number directly on SEBI’s official website under the Research Analyst section.
Is Bhavin Kishorbhai Sorathiya Genuine?
Bhavin Kishorbhai Sorathiya holds a valid SEBI registration and operates from a disclosed office address.
However, a closer look at the firm’s own documents, pricing pages, and public disclosures raises concerns that every investor must weigh carefully.
1. SEBI Registration Is Valid and Verifiable
The SEBI Research Analyst registration number INH000010955 for Bhavin Kishorbhai Sorathiya is confirmed on SEBI’s official intermediary registry as of May 1, 2026.
The firm also discloses its registration number, address, and contact details on its website footer, meeting SEBI’s basic transparency requirement under the April 2023 circular.
2. Complaint Data Is Publicly Disclosed
Bhavin Kishorbhai Sorathiya does publish complaint disposal data as required by SEBI’s December 2021 circular, so the intent to disclose is clear.
However, the 2025–26 table shows blank entries across all columns, and an empty row does not mean zero complaints, it means the data hasn’t been updated.
Therefore, since SEBI mandates monthly updates by the 7th, this reflects a gap in timely compliance, not deliberate omission but still incomplete disclosure.
Despite getting SEBI RA registration in 2022, Bhavin Kishorbhai Sorathiya reports zero complaints even for earlier years and post-registration despite a large paid client base.
This is statistically improbable and may indicate lack of investor awareness of grievance channels.
3. Claims “80-85% Monthly Accuracy” on Pricing Page
The Nifty Option Package pricing page claims “Monthly Accuracy of 80–85%” as a feature, while pricing ranges from ₹5,000 per week to ₹70,000 per year.
However, SEBI’s Advertisement Code (Clause C(x)) prohibits such accuracy claims without independent PaRRVA verification.
Therefore, since similar claims have led to penalties in past cases, displaying this on a key pricing page raises a clear compliance concern.
4. Claims “Registered Investment Advisor” With No Registration
The website footer claims “We are a registered investment advisor,” yet SEBI’s IA registry shows no record for Bhavin Kishorbhai Sorathiya as of May 1, 2026.
Instead, he holds a Research Analyst registration, and these are two distinct categories under separate SEBI frameworks.
Therefore, using the IA label without registration creates a factually incorrect claim and misleads investors about the nature of the service.
SEBI Guidelines on Research Analysts in India
SEBI regulates all Research Analysts under the SEBI (Research Analysts) Regulations, 2014.
Every investor dealing with a SEBI-registered RA should understand what the regulations permit and what they strictly prohibit.
| What an RA Is Allowed to Do | What an RA Is NOT Allowed to Do |
| Provide research-backed buy/sell recommendations with rationale | Promise or guarantee specific returns or profits |
| Charge a fee up to ₹1.51 lakh per annum per client family | Claim specific accuracy percentages without PaRRVA verification |
| Maintain a website and social media to communicate research | Use misleading or exaggerated language in advertisements |
| Conduct annual compliance audit by a CA or CS | Share unverified profit screenshots for promotional purposes |
| Display the Investor Charter and SCORES link to all clients | Demand profit-linked or performance-based commission |
| Issue signed and dated research reports with entry, target, and stop-loss | Act as an Investment Adviser without a separate IA registration |
Note that an RA and a Registered Investment Adviser (RIA) are two different SEBI-registered categories.
- A Research Analyst (RA) provides impersonal research reports and recommendations to a broad client base
- A Registered Investment Adviser (RIA) provides personalised investment advice after a risk profiling and KYC process
Holding one registration does not authorise the holder to perform the functions of the other. Investors must confirm exactly which registration their advisor holds and whether the service they receive matches that registration.
When an RA calls themselves an “investment advisor” without holding an IA registration, that is not just a branding choice, it is a regulatory misrepresentation.
What Investors Must Keep in Mind?
Before subscribing to any research analyst service, these basics protect you more than any disclaimer.
- Verify the SEBI registration number independently on SEBI’s official RA registry, do not rely on the number displayed on the website alone
- Check whether the registration is RA or IA, these are different registrations with different scopes of service
- An accuracy percentage claim on a pricing page is a red flag, SEBI prohibits this without independent PaRRVA verification
- Zero complaint data does not mean zero problems, it may mean clients never knew where to complain
- “Registered investment advisor” language without an IA registration is factually incorrect and misleading
- No assured returns is the correct legal position, any promise of recovery or guaranteed outcome is a violation
Before you pay, ask the firm to send you the Investor Charter and the SEBI SCORES grievance link in writing.
If they do not send it proactively, that tells you something important about how they treat compliance.
How to File a Complaint Against a Research Analyst?
If you have subscribed to Perfect Research House or any similar advisory service and faced losses, misleading claims, or service failures, you have clear legal options.
Step 1: Document All Evidence Immediately
Save subscription receipts, payment records, trade recommendations received, WhatsApp messages, and any screenshots of accuracy claims or promises made.
The pricing page showing “Monthly Accuracy of 80–85%” is public and verifiable; save it now.
Step 2: Send a Formal Written Complaint to the Firm
Write a structured complaint letter to the firm’s grievance officer by email and registered post.
State the specific promise or claim made, what was delivered, and the financial impact. A written complaint starts the formal resolution process and creates a paper trail.
Step 3: Lodge Complaint in SCORES
Since Bhavin Kishorbhai Sorathiya holds SEBI registration INH000010955, SEBI has direct regulatory jurisdiction.
File a detailed complaint on SEBI’s SCORES platform, attach your evidence, and submit. The unverified accuracy claim on the pricing page is independently reportable under SEBI’s Advertisement Code.
Step 4: Escalate in SMART ODR
If SEBI SCORES does not resolve the matter, escalate to Smart ODR, SEBI’s Online Dispute Resolution platform.
Register your case, upload your documentation, and request a conciliation session for a structured resolution process.
Step 5: Arbitration in Share Market
If Smart ODR does not resolve your complaint, then take the next step and initiate arbitration against Bhavin Kishorbhai Sorathiya Research Analyst.
Submit your case through the Smart ODR platform, present all evidence, and clearly state your claims for financial loss or misrepresentation.
Therefore, arbitration ensures a formal, legally binding resolution and holds Bhavin Kishorbhai Sorathiya Research Analyst accountable under SEBI’s regulatory framework.
Need Help?
Navigating a complaint against Bhavin Kishorbhai Sorathiya, Research Analyst, can feel complex, especially when it involves regulatory language and strict procedures.
However, with the right guidance, you can take structured and effective action.
Register with us. We help you at every stage:
- Assess your case and identify valid regulatory grounds
- Draft a strong, evidence-backed complaint
- Guide you through SEBI SCORES and Smart ODR
- Represent you during conciliation or arbitration
If you have faced misleading claims or suffered losses, then your case can form the basis of a regulatory complaint.
We ensure you present it effectively and pursue the right resolution.
Conclusion
Bhavin Kishorbhai Sorathiya holds a valid SEBI Research Analyst registration (INH000010955) and operates from a disclosed office in Rajkot.
The firm correctly disclaims assured returns which is a baseline compliance positive.
At the same time, Bhavin Kishorbhai Sorathiya Research Analyst shows a “80–85% accuracy” claim and uses the “registered investment advisor” label without IA registration.
Additionally, the absence of any visible complaint pathway over five years raises concerns investors cannot ignore.
A SEBI registration confirms the regulatory floor has been met. What happens above that floor in the marketing copy, the pricing claims, and the grievance access, is what actually protects or exposes the investor.
