Booming Bulls Finserv: Company Details, Pricing And Complaints

A 67% hit rate last week. Profits in lakhs. A SEBI registration number right at the top.

Booming Bulls Finserv puts all three in front of you, and it is hard not to feel tempted.

But does a shiny number mean you can hand over your money? Not quite, and you probably sense that already.

So we read the website, the pricing, the complaint tables and the terms line by line.

Here is what holds up and what needs a second look.

Booming Bulls Finserv Pvt Ltd

Let us begin with what the firm says about itself. These are its own claims, and we have not tested any of them.

Booming Bulls Finserv Pvt Ltd says it is among the 1,700 SEBI registered entities in India.

It calls its approach research backed and strategy driven.

It claims to have built over 100 backtested trading strategies using historical market data.

Additionally, it describes them as tested and designed to simplify complex trading decisions.

The website advertises a 67% precision rate for trades delivered in the previous week.

It also displays profit figures of ₹23.89 lakh, ₹5 lakh and ₹4.56 lakh under its trading results.

Finally, the firm highlights Telegram as the channel it uses to talk to members. That detail matters later in this review.

Is Booming Bulls Finserv Pvt Ltd SEBI Registered?

Yes, it appears so. The research shows Booming Bulls Finserv Pvt Ltd holds registration number INH000016348, and INH is the prefix for a research analyst.

The validity is listed as June 14, 2024, to perpetual. Here is how the registered details read.

Particulars	Details
Name	Booming Bulls Finserv Pvt Ltd
SEBI registration number	INH000016348
Category	Research Analyst (INH)
Email	neha@boomingbullsfinserv
Registered address	C/o Usha Sekhri, W/o B.N. Sekhri, A 24, Cross Street No. 6, Smriti Nagar, Bhilai, Durg, Chhattisgarh 490020
Contact person	Neha Singh
Correspondence address	Plot No. RC 11, Shop No. 2, RSS Nagar, Korba, Chhattisgarh 495677
Validity	June 14, 2024, to perpetual

So the firm is real and listed. But there is a twist, and it sits in how the name is used online.

Two websites show the same registration number.

One is the Booming Bulls Academy site, and the other is a site called BB FinServ, which also mentions a BSE membership number 6176 in its search listing.

Both prominently show their link to the registered entity.

Yet the registered contact person is Neha Singh, while the academy’s terms name Anish Singh Thakur as grievance officer, with a different email.

Why does this matter? A registration belongs to a specific legal entity and the people authorised to act for it.

If two brands share one number, you need to know which one is serving you.

The research also notes that the name Anish Singh Thakur could not be found in SEBI’s research analyst database as an individually registered analyst.

That is a point to verify, not a conclusion.

You can check this in a minute.

A SEBI registered site detector lets you enter the number or the firm’s name and see the register’s answer for yourself.

Search under the firm name, the number and each person’s name.

Save a dated screenshot, and ask the firm in writing which entity you would be paying.

Booming Bulls Finserv Services

Next, let us look at what the firm says it offers.

The research describes research and trading strategies, delivered to members through online channels.

Here is how the offering reads.

Service	What the firm says
Research backed trades	Trade ideas described as research backed and strategy driven
Backtested strategies	Over 100 strategies tested on historical market data
Weekly trade results	A 67% precision rate for trades delivered the previous week
Profit displays	Figures such as ₹23.89 lakh, ₹5 lakh and ₹4.56 lakh under trading results
Member communication	Telegram as the main channel for members

Notice what is missing. The list does not explain how a research report is delivered, what risk profiling is done or how a client can raise a question.

Backtested results also deserve care.

A strategy that worked on old data may not work on tomorrow’s market.

A weekly hit rate has the same limit. One good week tells you little about a year, and the page does not explain how the 67% was counted.

Booming Bulls Finserv Pricing Details: Does It Follow SEBI’s Fee Cap?

Money is the next thing most readers want to know.

Here the website gives you two stories at once.

The research recorded the plans and the monthly equivalents like this.

Subscription Plan	Displayed Price	Monthly Equivalent
Monthly	₹20,000	₹8,259 per month
Quarterly	₹60,000	₹6,293 per month
Yearly	₹2,40,000	₹4,167 per month

Look closely at the first two rows. The monthly plan lists ₹20,000 but also shows ₹8,259 per month, and the quarterly plan lists ₹60,000 but shows ₹6,293 per month.

The plan graphic helps explain this.

It shows ₹8,259 for the monthly plan, ₹18,880 for the quarterly plan, and ₹49,999 for the yearly plan, with ₹20,000, ₹60,000, and ₹2,40,000 crossed out beside them.

So the higher figures appear to be struck-through prices. But a reader who sees both numbers can fairly ask which one is the real charge.

The crossed-out yearly price of ₹2,40,000 is also worth a pause.

SEBI caps research analyst fees at ₹1,51,000 per client family per year, and that figure sits above the cap.

The research says this could indicate a possible breach of the fee rules, subject to checking the fee actually charged and the client arrangement.

Let us do the sums on what the plans cost if you stay.

Plan	Price shown now	Cost over a year	Against the cap
Monthly	₹8,259	₹99,108	Below
Quarterly	₹18,880	₹75,520	Below
Yearly	₹49,999	₹49,999	Below
Struck-through yearly price	₹2,40,000	₹2,40,000	Above

At the lower prices, all three plans fit within the cap.

The question is which price is actually invoiced, and the invoice is the document that settles it.

One more detail. The monthly plan is listed at ₹8,259 and the yearly at ₹49,999, so a member who stays the full year pays far less per month.

Ask whether any plan bundles courses or other services, because the cap applies to research fees.

Before You Pay

These steps cost nothing and protect you from most billing confusion.

1. Ask for the final fee in rupees in writing, with GST shown on a separate line.
2. Ask which price is real: the displayed one or the crossed-out one.
3. Ask whether the plan covers research only or also courses and other services.
4. Ask for the payee name and match it to the registered entity.

Is Booming Bulls Finserv Reliable?

Let us say it plainly. The firm is real, and its registration is listed, and that is a genuine starting point.

But a real firm does not mean you should trust it blindly.

Registered firms can still have gaps in what they publish and how they treat clients.

Here are the points that need a closer look, numbered. Read all of them, because no single point tells the whole story.

1. Two Websites Use One Registration Number

Both the academy site and the BB FinServ site show INH000016348. Both stress their link to the registered entity.

The registered contact person is Neha Singh, yet the academy’s grievance officer is a different person.

This could confuse investors about who is actually providing research.

Ask the firm to explain in writing how the two sites relate to the registration.

Your payment should go only to the entity on the register.

2. The Contact Person Does Not Match

The research says to verify that Neha Singh is the contact person on SEBI’s list.

It adds that a firm whose contact person is someone else would technically not be the registered one.

So check the person named on any contract, invoice, or call against the register.

If the names differ, ask why before you pay.

This is the kind of check that takes two minutes and saves months of regret.

3. Pricing That Shows Two Numbers

We covered this above, but it deserves its own point.

The same plan shows a large price and a small price, and the plan card does not explain the gap.

The research also notes that the yearly list price of ₹2,40,000 is above SEBI’s fee cap. It says this is subject to the actual fee charged.

If you are quoted any number above ₹1,51,000 for research, stop and ask for it in writing.

A registered analyst cannot charge above the cap per client family per year.

4. Complaint Data That Does Not Add Up

SEBI expects research analysts to publish complaint data every month. The firm’s tables are the next thing to read closely.

The summary table shows these figures.

Particulars	Complaints
Pending at the beginning of the month	0
Received during the month	2
Resolved during the month	2
Total pending complaints	0
Pending for less than 3 months	0
Average resolution time (days)	N.A.

The monthly trend table then shows the following over the last year.

Month	Carried Forward	Received	Resolved	Pending
March 2026	1	0	1	0
February 2026	0	1	0	0
January 2026*	0	0	0	0
December 2025	0	1	1	0
April to November 2025	0	0	0	0
Grand total	1	2	2	0

Here is the problem. The monthly trend shows one complaint carried forward in March 2026, whereas the summary shows zero pending at the start of the month.

The research reads this as a possible inconsistency in complaint reporting.

Our own arithmetic points the same way, because February shows one received and none resolved yet no pending.

The grand total also shows one carried forward, two received and two resolved, which would leave one, not zero.

The asterisk against January 2026 is not explained either.

The annual table is simpler.

Financial Year	Carried Forward	Received	Resolved	Pending
2025 to 26	0	2	2	0
2024 to 25	0	0	0	0
Grand total	0	2	2	0

Two complaints in a year is a small number, and we are not saying anything about their nature.

But the tables should reconcile, and these do not.

5. Complaint Data Last Updated In April 2026

The data was last updated on April 7, 2026, with March 2026 as the reporting month. No later update was available.

SEBI requirements say complaint data should be updated by the 7th of every month.

A gap could mean outdated disclosures.

Check the date on the page when you read it.

A firm that updates on time shows a habit you can rely on.

6. Terms That Talk About Courses, Not Research

The terms of use refer to users as “Learners” and define content as courses, sessions and reference materials.

They do not clearly set out how research recommendations from a SEBI-registered analyst are delivered and used.

That gap matters. A research client has rights under SEBI rules, and a course buyer has a different relationship.

Ask which rules apply to you.

If you are buying research, the terms should say so in plain words.

7. A Refund Clause With Gaps

The refund clause says payments are non-cancellable and non-refundable unless otherwise stated in the Refund Policy.

But the terms do not clearly explain the refund conditions for research services.

So you could pay and later find no clear route back. Ask for the Refund Policy before you pay.

Paid for a plan and unsure whether the fee, the entity or the refund terms were right?

Our team reads your payment proof and messages, helps you prepare a written complaint, and tells you which route fits your case. Register with us for a free consultation.

8. A Telegram Channel That Could Not Be Opened

The website links to a Telegram channel as its way to reach members.

The research found that the channel, named Boomingbulls Indian Market, showed about 114,734 subscribers.

But when opened, it displayed a message that it could not be shown because it violated local laws in India.

The research read this as a concern about the channel’s accessibility and continuity.

We cannot say why that message appeared.

Ask the firm which channel is its official one and how members receive research if this one stays unavailable.

Also remember that impersonators often copy a brand name on Telegram. Never act on a message from a group you cannot verify.

9. A Legal Notice And Questions About Registration

A public post on X said a legal notice was reportedly sent by Anish Singh Thakur, also known as Booming Bulls.

The notice reportedly asked for a video about forex trading promotion to be removed.

The post raised questions, and these are allegations, not independently established findings.

It said the name could not be found as an individually registered research analyst, and it noted that Booming Bulls Finserv holds INH000016348 with Neha Singh as contact person.

It also asked whether the individual had any disclosed link to the registered entity.

Additionally, it said the notice did not address the regulatory basis for forex activity or any RBI or FEMA approval.

We are not drawing any conclusion from the post.

The sensible step is to put these questions to the firm and ask for answers in writing.

10. Mixed Public Reviews And Discussion

Online discussion about Booming Bulls Academy and its founder is mixed.

A summary shown on a Reddit discussion page lists several concerns raised by users.

Some users said they could not find independently verified profit and loss statements for the trades.

Others said course fees of upwards of ₹23,500 seemed high for basic price action content.

Some also claimed that negative feedback and refund requests were moderated or removed.

There were also reports of Telegram impersonation, including a reported case in Hyderabad involving a loss of around ₹2.96 lakh.

But the same discussion carried the other side.

Some former students and supporters defended the teaching approach, saying it covers practical price action basics and that negative sentiment often comes from unrealistic expectations.

The summary also mentioned that the Delhi High Court had restrained a YouTube channel from posting defamatory material against Booming Bulls Academy.

We have not verified any of these points ourselves, and they are shown as reported.

Read both sides and make up your own mind. A review is an opinion, and a SEBI record is a fact.

Booming Bulls Finserv Complaint: How To Report Against The Company?

Nobody signs up expecting a dispute. But if a refund is refused, a fee looks wrong, or a promise was not kept, you need to know where to go.

Because the firm is registered as a research analyst, the regulated routes are open to you.

Start close to the firm and move up only if the reply falls short.

Here are the steps in short. Each one builds on the one before.

1. Collect your papers. Keep the plan name, invoice, payment proof, messages, and screenshots of the pricing page in one folder.
2. Write to the firm first. Email with your payment reference, the issue, and what you want, and keep the sent copy. A dated email beats a phone call.
3. Move to SEBI’s online system if the reply falls short. The page on the SCORES SEBI complaint route covers what to attach and how a case moves after you file.
4. Keep every reply. Save each message from the firm and from the regulator’s system, since they matter if the case goes further.
5. Try the dispute resolution portal for a payment dispute. The SMART ODR portal brings in a neutral conciliator to go through your papers with you.
6. Read the dispute clause. The academy’s terms refer disputes to a sole arbitrator in New Delhi, so check what applies to you and take legal advice before you rely on it.
7. Know the arbitration route. If the matter stays open, reading about arbitration in share market cases shows how that route usually works.

For the full process on research analysts, our guide on a SEBI complaint against research analyst explains how such cases usually run.

Losses alone are not a complaint.

A complaint is about what the firm promised and what it actually did.

Disclaimer

This blog is based on the firm’s published website pages, its disclosed complaint data, a public post and online discussion summarised in our research, and SEBI’s register, as of 4 November 2026. It does not allege any offence, and the firm is welcome to share its side. Public posts and reviews are allegations or opinions, not established findings, and we could not independently verify the legal notice, the court order mentioned in the discussion, the Telegram message or the complaint figures. Pricing, complaint data and registration details may have changed since, so please confirm on the firm’s pages and SEBI’s register before acting.

Conclusion

Booming Bulls Finserv Pvt Ltd is a real, SEBI-registered research analyst under INH000016348, and that deserves a fair mention.

It is not an unknown name.

But two websites share one number; the contact person differs between the register and the academy, and the pricing shows two sets of figures.

The complaint tables do not reconcile, the data looks outdated, the Telegram channel could not be opened, and the terms speak about courses, not research.

Do not pay until you have the final fee, the entity name, and the refund terms in writing.

If you already have, collect your papers and write to the firm first.

If something still feels wrong, you have regulated routes to use.

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Report. Recover. Stay Fraud Free.

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Frequently Asked Questions

1. Is Booming Bulls Finserv SEBI registered?

Yes. Booming Bulls Finserv Pvt Ltd holds research analyst registration INH000016348, valid from June 14, 2024, with Neha Singh as contact person. Two websites show the same number, so confirm which entity serves you.

2. How much does Booming Bulls Finserv charge?

The plan graphic shows ₹8,259 monthly, ₹18,880 quarterly and ₹49,999 yearly, with ₹20,000, ₹60,000 and ₹2,40,000 crossed out. Ask for the final fee in writing before paying.

3. Does Booming Bulls Finserv charge above SEBI's fee cap?

The crossed out yearly price of ₹2,40,000 is above the ₹1,51,000 cap, while the shown prices are below it. What matters is the fee actually invoiced, so ask for written proof.

4. Who is behind Booming Bulls Finserv?

The registered contact person is Neha Singh. The academy's terms name Anish Singh Thakur as grievance officer. Ask the firm to explain in writing how both relate to the registered entity.

5. How do I complain against Booming Bulls Finserv?

Write to the firm first, then file on SCORES if the reply falls short. You can also use SMART ODR for payment disputes or consider arbitration, with your invoice and messages ready.