Quick Summary
Bigbull Research is run by Shashank Verma, a SEBI Research Analyst with number INH000009560, working out of Katol, Nagpur since 2022. His two priced plans stay under the SEBI yearly limit. His third plan, the Ultimate Plan, has no fixed price at all, and separately asks for ₹5 lakh in trading capital. His complaint page for August 2026 says 1 complaint came in and 2 got resolved. His own month-by-month table for the same month says 0 came in and only 1 got resolved. Those two numbers, from the same firm, for the same month, don’t match.
Shashank Verma runs Bigbull Research, a SEBI Research Analyst business with registration number INH000009560, active since 17 May 2022.
The registration is real. What needs a closer look is his complaint records, which tell two different stories for the exact same month, and his priciest plan, which has no listed price at all.
This page walks through his registration, his three plans checked against the SEBI limit, his complaint tables side by side, and the promotional lines on his website worth reading twice.
Bigbull Research Review
Bigbull Research offers daily stock market calls sent by text message, built on technical analysis and market sentiment. It also offers an option-selling strategy for clients who have the capital for it.
The site says clearly that it doesn’t charge commission and doesn’t offer profit-sharing or any kind of guaranteed return.
It even asks investors to report anyone using its name to promise guaranteed profits, which is a fair, honest thing to put on a website.
Client testimonials on the site call the firm “knowledgeable” and describe it as “professionally managed.”
None of this means anything is wrong. If something does need to be reported, the steps for that are further down this page.
Proprietor Of Big Bull Research
The business is run by one person.
| Detail | Information |
|---|---|
| Name | Shashank Verma, Proprietor of Big Bull Research |
| SEBI Registration Number | INH000009560 |
| Validity | 17 May 2022, Perpetual |
| Address | Maujhe Khas Katol, No-32, P.H. No-44, Tehsil Katol, Nagpur, Maharashtra 441302 |
| Contact Person | Shashank Verma |
| Email Name | verma.shashank682 |
An INH number means Research Analyst. He can share research and give calls to many clients at once.
He can’t build advice around one person’s own money situation, place trades on anyone’s behalf, or manage anyone’s portfolio.
Shashank Verma is listed as both the Customer Care contact and the Compliance Officer, using the same phone number and email for both.
When one person holds every role, there’s no one else inside the firm checking that role’s own work.
Bigbull Research Prices, Verified Against the ₹1,51,000 SEBI Limit
Two of his three plans are priced clearly. The third one isn’t priced at all.
SEBI allows a Research Analyst to charge at most ₹1,51,000 a year, per client family, not counting GST.
What’s Actually On The Price List
| Plan | What You Get | Price | How Long |
|---|---|---|---|
| Expert Plan | 2 calls a day | ₹30,000 | 1 year |
| Elite Plan | 3 calls a day | ₹1,25,000 | 1 year |
| Ultimate Plan | 1 to 2 calls a day, option selling with hedging | Not stated | 3 months |
Expert And Elite Are Both Fine
At ₹30,000 and ₹1,25,000 for a full year, both plans stay comfortably under the SEBI limit.
There’s no fee cap problem with either of these two plans.
The Ultimate Plan Is The One Worth Pausing On
Its price is listed only as “customized to suit individual needs.” There’s no number anywhere on the site.
Without a real price, there’s no way to check this plan against the SEBI limit at all.
You’d be agreeing to pay before you even know what you’re agreeing to pay.
On top of that, the Ultimate Plan asks for ₹5,00,000 in trading capital, separate from whatever the service itself ends up costing.
That’s real money you’d need to have ready, on top of a fee nobody can see in advance.
Before you say yes to the Ultimate Plan, get the exact price in writing first.
Ask how that number was worked out, and check it against the ₹1,51,000 limit yourself once you actually have a figure.
The Expert and Elite plans also list risk-reward ratios, 1:1 and 1:2, without explaining what these numbers mean in practice or how they’re calculated.
Worth asking about directly if that’s part of why you’re choosing one plan over the other.
Do Bigbull Research’s Complaint Numbers Actually Match?
This is the clearest problem on this page, so let’s look at it closely.
August 2026 Summary
| Source | Pending Before | Received | Resolved |
|---|---|---|---|
| Directly from Investors | 0 | 0 | 0 |
| SEBI SCORES | 1 | 0 | 1 |
| Other Sources | 0 | 1 | 1 |
| Total | 1 | 1 | 2 |
This table says 1 complaint came in during August, and 2 were resolved.
The Month-by-Month Table, Same Month
| Month | Carried In | Received | Resolved | Pending |
|---|---|---|---|---|
| July 2026 | 0 | 2 | 1 | 1 |
| August 2026 | 1 | 0 | 1 | 0 |
This second table says 0 complaints came in during August, and only 1 got resolved.
One table says 1 received and 2 resolved. The other says 0 received and 1 resolved. Same firm, same month.
There’s no way both numbers can be right at the same time.
One More Mismatch Found While Checking The Math
The month-by-month table’s own Grand Total row lists 1 complaint still pending. But the very last row in that same table, August 2026, shows 0 pending.
If August is genuinely the most recent month, and it ends with nothing pending, the overall pending figure at the bottom of the table should also say 0, not 1.
This is a second, separate mistake inside the firm’s own table, on top of the mismatch with the August summary above.
The Full-Year Picture
| Year | Received | Resolved |
|---|---|---|
| 2022-23 | 0 | 0 |
| 2023-24 | 0 | 0 |
| 2024-25 | 0 | 0 |
| 2025-26 | 4 | 4 |
| Total | 4 | 4 |
This yearly table stops at 2025-26 and matches the month-by-month figures for that year correctly: 4 received, 4 resolved.
What’s missing is any row for 2026-27, even though the month-by-month table clearly shows activity from April 2026 onward: 4 more complaints received in that period alone.
That entire year simply isn’t in the yearly summary yet.
The Bigger Pattern Worth Knowing
Complaints picked up noticeably from May 2026 onward: 2 in May and 2 more in July, after months of showing zero.
That’s worth knowing on its own, separate from the specific number mismatches above.
Given how many of these figures don’t line up, ask Shashank Verma directly for a single, correct complaint count before deciding how clean his record actually is.
What Big Claims Does Bigbull Research’s Website Make?
A few lines are worth reading carefully.
The site highlights “Faster returns” as a selling point.
It uses the phrase “Book Your Profit Today by Researched Based Recommendations.”
Both suggest a quick, sure outcome that no research call can actually promise.
It also says its tools will “boost your capital earning,” and uses the line “An investment under our predictions, an earning under your command.”
That last one ties the firm’s own calls directly to your earnings, which isn’t really how the market works.
Here’s the strange part: the same site states plainly that it doesn’t offer guaranteed returns.
So the promotional language above sits right next to a disclaimer that contradicts it.
A clearly accessible Terms & Conditions page and Privacy Policy also aren’t easy to find on the site, even though the firm’s own Investor Charter says these terms are shared with clients when they sign up.
If you can’t find them yourself, ask for a copy before you commit to anything.
The Investor Charter also says the firm will disclose how much it uses AI tools in its research.
Nowhere on the site does it actually say whether, or how, AI is used.
How to Complain About Bigbull Research, in Simple Steps?
If the complaint numbers don’t add up for you, or the Ultimate Plan’s missing price is holding you back, here’s what to do.
First, write to Shashank Verma directly at the RA’s email ID.
Ask him which of the two August figures is correct, and ask for the exact price of the Ultimate Plan in writing.
If that doesn’t resolve the issue, you can move through the following options step by step.
- File your grievance through the SEBI SCORES complaint page. This gives you a formal channel to register the complaint and have it taken up through the SEBI grievance mechanism.
- If the matter remains unresolved, proceed through the SMART ODR registration platform. This provides a structured online route for the parties to attempt conciliation and work toward resolving the dispute.
- If the matter is still not settled, you can proceed with arbitration in the share market. This provides a further formal dispute-resolution route, where the arbitration process can result in a decision that is binding on the parties.
For a complete step-by-step explanation of these options, read our guide on how to make a SEBI complaint against a research analyst.
Getting two different complaint counts from the same firm?
We’ll help you get a straight answer in writing, and put your case on record properly if you don’t. Register with us for a free look at your situation.
Disclaimer
This page is based on Bigbull Research’s own website, and does not accuse the firm of any wrongdoing, since no SEBI order exists against it.
Check every detail yourself before acting. This page is information, not legal advice.
Conclusion
Shashank Verma’s registration, INH000009560, is genuine and active since 2022.
Two things need real attention before you pay anything.
His Ultimate Plan has no listed price at all, on top of a ₹5 lakh capital requirement. And his own complaint tables tell different stories for August 2026, with a second, separate arithmetic mistake sitting inside the month-by-month table itself.
Get a real price and a straight answer on the complaint numbers before you sign up for anything.
Report. Recover. Stay Fraud Free.
Frequently Asked Questions
Yes. It belongs to Shashank Verma, running Bigbull Research, since May 2022, and it doesn't expire. Check it directly on SEBI's own website.
The website doesn't say. It's listed only as customized pricing, so ask for an exact figure in writing before agreeing to anything.
No. Both stay comfortably under the ₹1,51,000 yearly limit.
The August 2026 summary says 1 complaint came in and 2 were resolved. The separate month-by-month table for the same month says 0 came in and 1 was resolved. The firm doesn't explain the gap.
Yes. The yearly summary stops at 2025-26, even though the month-by-month table shows real complaint activity from April 2026 onward that hasn't been added to a yearly total yet.
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