Quick Summary
Delight Financial Services is an Indore-based Research Analyst and Investment Adviser firm, run as a sole proprietorship by Ankush Sanodiya, operating under two separate SEBI registrations across two websites. Its own pricing page lists eleven plans, five of which cross SEBI’s ₹1,51,000 annual fee cap on renewal, with one plan alone costing ₹1,77,000 in a single six-month term. The firm’s own complaint disclosure shows six formal complaints since mid-2025. None of this alone confirms wrongdoing, but the full picture is worth reading before you subscribe.
Two websites. Same company name.
One set of prices that look fine until you check them against SEBI’s own cap.
That’s what pulled you here, and it’s exactly what this page is for.
Delight Financial Services sells research calls, but the real story sits in the fine print: what it charges, how it’s registered, and where two separate SEBI licences quietly overlap.
Here’s everything we found.
Delight Financial Services Indore
Delight Financial Services is an Indore-based stock market research firm.
It offers subscription-based research services covering equities, futures, options, commodities, and currency markets, with separate plans built for different trading styles.
Its business runs primarily through digital channels, its official websites, where it publishes its services, subscription plans, regulatory disclosures, complaint statistics, and contact details.
Clients receive research recommendations through SMS, WhatsApp, and phone support.
The firm operates out of Vijay Nagar, Indore, as a sole proprietorship under Ankush Sanodiya, who holds the Research Analyst registration personally.
According to the firm’s own website, it describes itself as covering the NSE and MCX, publishing technical and fundamental commentary, and sending trade recommendations to subscribers.
The site’s About page stays notably brief. It carries a vision statement, a mission statement, and a short line on research focus, with no team profiles and no specific performance numbers posted on that page.
For a firm charging up to several lakh rupees a year on its top plans, that’s a thin public record to evaluate a business by.
What Does Delight Financial Services’ Own Pricing Page Reveal?
The firm’s own pricing page, not any outside claim, is the clearest evidence in this entire review.
SEBI caps what a Research Analyst can charge a client family at ₹1,51,000 per year, combined across every plan that client holds.
The numbers below are pulled directly from the official website.
| Plan | Type | Half Yearly Price | Annualised (if renewed twice) | SEBI Cap | Status |
|---|---|---|---|---|---|
| Stock Cash | Intraday | ₹38,000 | ₹76,000 | ₹1,51,000 | Within cap |
| Cash Platinum | Intraday | ₹77,000 | ₹1,54,000 | ₹1,51,000 | Exceeds cap |
| Future Pricing | Intraday | ₹46,000 | ₹92,000 | ₹1,51,000 | Within cap |
| Index Pricing | Intraday | ₹46,000 | ₹92,000 | ₹1,51,000 | Within cap |
| Option Cash | Intraday | ₹46,000 | ₹92,000 | ₹1,51,000 | Within cap |
| Option Platinum | Intraday | ₹77,000 | ₹1,54,000 | ₹1,51,000 | Exceeds cap |
| Option BTST | Delivery | ₹77,000 | ₹1,54,000 | ₹1,51,000 | Exceeds cap |
| Alpha Combo | Intraday | ₹1,23,000 | ₹2,46,000 | ₹1,51,000 | Exceeds cap |
| Elevator Combo | Intraday and Delivery | ₹1,23,000 | ₹2,46,000 | ₹1,51,000 | Exceeds cap |
| High Flown Option | Intraday | ₹95,000 | ₹1,90,000 | ₹1,51,000 | Exceeds cap |
| Treasure Trove | Intraday and Delivery | ₹1,77,000 | ₹1,77,000 (single term) | ₹1,51,000 | Exceeds cap |
A note worth stating plainly: these plans only exceed the cap if the firm asks a client to pay for that plan again after it ends, or through repeated renewals.
A single purchase that isn’t renewed isn’t automatically a violation just because the annualised figure looks high on paper.
Treasure Trove alone costs ₹1,77,000 for a single six-month term.
That clears the entire annual cap before the subscription year is even half finished. Elevator Combo and Alpha Combo both cross the same line if renewed every six months, reaching ₹2,46,000 a year each.
Is Delight Financial Services SEBI Registered?
Yes, it holds an active Research Analyst registration (INH000021234) and an active Investment Adviser registration (INA000009278).
Both trace back to the same proprietor, Ankush Sanodiya, and the same Indore address, with no mismatch between the two on that front.
The Research Analyst number runs through June 22, 2030. The Investment Adviser number has stayed open since December 2017, with no fixed end date shown.
Delight Financial Services isn’t one website. It’s two, and each one is registered under a different SEBI category.
One site holds the Research Analyst registration, the other holds the Investment Adviser registration. Both licences are genuine, and both belong to the same person.
This split creates a real, practical problem for anyone trying to compare plans or verify a payment, since it’s not always immediately clear which registration governs which specific subscription.
The complete breakdown of what this two-registration structure actually means, including whether the firm’s marketing claims hold up against what either licence permits, is examined in full on our page: Delight Financial Services fake or real.
What Do Delight Financial Services Complaint Records Show?
Delight Financial Services publishes its own SEBI-mandated complaint disclosure on its Complaint Board page.
Six formal complaints have been logged against the firm since mid-2025, five resolved and one still pending as of the latest update.
That’s a real, non-zero number, and it’s more transparent than a firm showing a spotless board with nothing on it at all.
What that table doesn’t capture matters just as much, though. It only reflects complaints that reached SEBI SCORES or a similarly formal channel. A Google review, a WhatsApp dispute, or a client who simply stopped paying and walked away doesn’t appear there.
The complete complaint table, along with what actual subscribers have reported in detailed, named reviews, is laid out in full on our Delight Financial Services reviews page.
What to Do If Something’s Already Gone Wrong?
You’ve read the pricing, checked the registration split, maybe even recognised something from your own experience.
The question that actually matters now isn’t whether something’s off; it’s what you do next.
A fee that climbed past what you agreed to. A plan that crossed the annual cap.
A promise on a call that never showed up in writing. Any one of these is enough to start a real complaint, and the process for it isn’t complicated; it just needs to be followed in order.
The complete step-by-step route, from your first written complaint through SEBI SCORES and beyond, is walked through in full in our guide on how to file a complaint against Delight Financial Services.
Not sure where to start?
Tell us what happened, and we’ll walk you through every step of filing, start to finish.
Conclusion
Delight Financial Services holds a genuine, active SEBI registration, and its complaint board is more transparent than many firms in this space.
That much checks out. Its own pricing page is where the picture changes
Five of eleven plans annualise past the SEBI fee cap, and Treasure Trove alone clears it in a single term.
Neither of these facts alone confirms wrongdoing, and both are worth reading in full, alongside the registration structure, the subscriber reviews, and the complaint process, before you commit any money.
Report. Recover. Stay Fraud Free.
Yes, it holds two active registrations, a Research Analyst number (INH000021234) and an Investment Adviser number (INA000009278), both tied to the same proprietor and address. The firm operates two separate websites, one registered as a Research Analyst service, the other as an Investment Adviser service, both genuine and both belonging to Ankush Sanodiya. Five of its eleven plans would exceed the ₹1,51,000 annual cap if renewed continuously, with Treasure Trove alone costing ₹1,77,000 in a single six-month term. Its own SEBI-mandated disclosure shows six formal complaints since mid-2025, five resolved and one pending, though this only reflects complaints filed through formal channels. Document everything you were promised against what you've received, and if something doesn't match, a defined complaint process exists, covered in full in our guide on how to file a complaint against the firm.Frequently Asked Questions
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