Quick Summary
Dealwise Pro Research Analyst is a Maharashtra based individual RA practice run by proprietor Pranali Prasad Choughule, under SEBI registration INH000013846. Its own disclosed SCORES data shows 55 total complaints received since registration, with a sharp spike in FY 2024-25. Its subscription fees, ranging from ₹75,000 a month to ₹1,77,000 a month, sit well above SEBI’s ₹1,51,000 per year fee cap for Research Analysts, a gap that a conciliator has already independently confirmed in a formal arbitration case that resulted in a ₹59,000 refund award. Its client consent form also asks subscribers to waive their right to file a complaint, a clause the same arbitration case showed does not hold up. This guide covers the registration, pricing, complaint data, and how to file a grievance the right way regardless of what any consent form says.
Dealwise Pro Research holds a genuine SEBI registration, but genuine registration and genuine value for money are two different questions.
Before you pay anywhere from ₹75,000 to ₹1,77,000 a month for its Nifty and BankNifty intraday alerts, it is worth understanding exactly what its own disclosures show, because several details here go well beyond a routine Dealwise Pro company review.
This guide covers the company, the registration, the pricing, the complaint history, and a consent clause that deserves your attention before you sign anything.
Dealwise Pro Company
Dealwise Pro is run by proprietor Pranali Prasad Choughule, who operates the practice individually out of Maharashtra rather than through a larger corporate structure.
The firm delivers daily Nifty and BankNifty intraday alerts along with weekly expiry special calls and live market support, sent exclusively through WhatsApp broadcast messages.
It states a risk level of “High to Very High” on its own subscription pages and does not offer trade execution, portfolio management, or personalised investment advice.
All alerts are reference tools only, with execution risk resting entirely on the subscriber.
The firm holds an active GST registration under GSTIN 27AWFPC3469G1ZK, and because delivery happens exclusively through WhatsApp broadcasts, there is no structured audit trail of recommendations beyond what you personally save, which matters if a dispute over a specific call ever arises.
This deal wise pro company structure, a single person handling research, delivery, and client communication, is worth keeping in mind as you read the rest of this dealwise pro research review.
Is Dealwisepro Real or Fake?
Dealwise Pro Research Analyst holds a genuine SEBI Research Analyst registration under number INH000013846, granted on December 1, 2023, to proprietor Pranali Prasad Choughule.
To verify this yourself: go to sebi.gov.in, select Research Analyst, and search INH000013846.
The result should confirm active registration under Pranali Prasad Choughule’s name, and as per the firm’s own disclosures, no penalties or regulatory directions have been issued against it by SEBI to date.
So, on the specific question of dealwisepro real or fake, the registration itself checks out. That is genuinely real, and it is where most reviews stop.
But a valid registration number only confirms the practice operates within SEBI’s regulatory framework. It does not confirm the fee structure, the consent terms, or the complaint history are equally clean, which is exactly what the sections above cover.
Weighing everything together: the SEBI registration is genuine, the GST registration is active, and the firm has been transparent enough to disclose its own complaint numbers rather than hide them.
At the same time, a fee structure that clears SEBI’s annual cap within one to two months, a consent clause that tries to waive your legal right to complain, and a confirmed arbitration award finding guaranteed-return promises and undisclosed fees are not the marks of a practice operating in your best interest.
The honest verdict: legally real, and at least one dispute has already gone through formal arbitration and been decided against the firm.
Does Dealwise Pro Charge More Than SEBI’s Fee Limit?
This is the single most important number on this page for anyone close to subscribing.
Dealwise Pro charges ₹75,000 a month or ₹1,50,000 a quarter for its Silver package, and ₹1,77,000 a month for its Platinum package.
SEBI caps Research Analyst advisory fees at ₹1,51,000 per client family per year.
At ₹75,000 a month, the Silver package alone reaches that annual cap in roughly two months. The Platinum package exceeds it in under one month.
Both packages deliver WhatsApp broadcast messages from a one-person practice with no published, independently verifiable track record, which makes the pricing gap worth taking seriously rather than assuming it is a minor technicality.
What Does the Dealwise Pro Consent Form Waive?
Before you sign anything with Dealwise Pro, read the consent document closely.
Subscribers are required to pre-declare that they profited on a demo call and made their payment decision independently, and then agree that they “cannot and will not file any legal complaint or legal notice against the Dealwisepro Firm.”
This is worth stating plainly: no consent clause can legally remove your right to file a complaint with SEBI. Such waivers are not enforceable under SEBI regulations, regardless of what you signed.
It is also worth understanding that offering demo calls to attract new subscribers itself sits against SEBI’s prohibitions on free trials and unauthorised advisory sales tactics, which makes this particular clause doubly worth flagging rather than a routine formality.
Signed a consent form you now regret, or paid fees you suspect broke SEBI’s cap?
We review your subscription agreement, fee history, and consent documents to identify exactly where the breach occurred, then help you build a complaint SEBI will actually act on.
Dealwise Pro Complaints
Dealwise Pro’s own investor charter discloses its complaint numbers year by year, in the standard format SEBI requires every Research Analyst to publish.
Here is what that table shows.
| Year | Carried Forward | Received | Resolved | Pending |
|---|---|---|---|---|
| 2023-2024 | 0 | 0 | 0 | 0 |
| 2024-2025 | 0 | 31 | 18 | 0 |
| 2025-2026 | 0 | 24 | 37 | 0 |
| Grand Total | N/A | 55 | 55 | 0 |
A few things in this table are worth reading carefully rather than skimming.
2023-24 shows zero activity across the board, consistent with the firm’s SEBI registration only being granted in December 2023.
2024-25 jumps straight to 31 complaints received, with only 18 resolved that same year. That leaves 13 complaints unresolved at year-end, even though the disclosure’s own “pending” column shows zero.
2025-26 shows 37 complaints resolved against only 24 newly received that year.
The extra 13 resolutions match the shortfall from the year before, meaning the complaints left open in 2024-25 were the ones closed out in 2025-26, not new cases resolved unusually fast.
Across both years combined, the total comes to 55 received and 55 resolved, with the “pending” column showing zero at the end of every reported year.
Read year by year, though, the practice ran with a meaningful backlog for roughly twelve months before catching up, which the total alone does not show.
Dealwise Pro Legal Dispute & Formal Refund Award
Beyond the disclosed complaint count, one case has already gone through formal arbitration and resulted in a binding award, which is a stronger form of evidence than a user review or an unverified complaint.
A Sole Arbitrator directed Dealwise Pro to refund ₹59,000 to an investor after finding guaranteed-return promises and an undisclosed fee structure, an award that also independently confirmed the fee-cap breach covered above.
Full details of the case, including how the investor built his evidence and what the arbitrator found at each stage, are covered on Dealwisepro misleading services.
How to File a Complaint Against Dealwise Pro?
If your experience with Dealwise Pro did not match what was promised, several formal channels exist, and the order you use them in matters.
Start by gathering your own evidence first: WhatsApp messages, payment receipts, bank transaction screenshots, and any specific return claims made before you subscribed. This is what every later stage depends on.
One thing worth knowing upfront: a near-identical no-complaint clause in the arbitration case above didn’t shield the firm from a binding refund award. Don’t assume a consent form closes the door before you’ve even tried.
From there, a written complaint to the firm’s compliance email comes first, stating your issue clearly. SEBI requires registered Research Analysts to work toward resolving a complaint within 21 days of receipt.
If that doesn’t resolve things, formal escalation is available through several channels.
Filing itself goes through the SEBI SCORES portal, citing registration number INH000013846 and attaching your documentation.
If SCORES doesn’t resolve it, the SMART ODR portal is the next stage. Dealwise Pro itself lists this route on its own website, meaning it’s formally acknowledged by the firm.
If that still doesn’t resolve things, arbitration in share market is the last stop, and it’s the one that produces a binding decision, exactly what got the investor in the case above their refund.
Our complete guide on complaint against SEBI registered research analyst covers the full process, from documentation to filing.
Conclusion
Dealwise Pro, run by Pranali Prasad Choughule under registration INH000013846, is a genuinely SEBI registered company with an active GST registration and no SEBI penalties on record.
At the same time, its pricing clears SEBI’s annual fee cap within one to two months, its consent form attempts to waive your right to complain, its own disclosures show 55 complaints since 2023, and a formal arbitration award has already found guaranteed-return promises and undisclosed fees in one confirmed case.
Verify your fee structure against SEBI’s cap, know that no consent clause can block a SCORES complaint, and use the escalation path above if your experience did not match what was promised.
Report. Recover. Stay Fraud Free.
Yes, Dealwise Pro Research Analyst holds a genuine SEBI Research Analyst registration under INH000013846, run by proprietor Pranali Prasad Choughule. Registration alone does not confirm fair pricing or consent practices. No. Any consent clause asking you to waive your right to complain is not enforceable under SEBI regulations, regardless of what you signed before subscribing. SEBI caps Research Analyst fees at ₹1,51,000 per client family per year. Dealwise Pro's monthly packages reach that figure within one to two months, which is worth raising directly with the firm or SEBI before paying. Its investor charter data shows 55 total complaints since its December 2023 registration, with a sharp rise in FY 2024-25, and zero pending as of its last reported disclosure.Frequently Asked Questions
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