Green Candle Research Academy: Company Profile, INH000019053 Founder Details & Red Flags

₹3,999 a month. Three targets and one stop loss. A SEBI number on every post.

Green Candle Research Academy makes trading look simple, so let us see how much of it really is.

A registration number tells you who the firm is, but not how it treats your money.

So we read the website, plans, terms, privacy policy, Telegram and Instagram, one line at a time.

Here is what holds up, what does not add up, and what to ask before you pay a single rupee.

Green Candle Research Academy Review

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

Green Candle Research Academy presents itself as a SEBI registered Research Analyst firm.

It says it specialises in equity market research, derivatives and trading recommendations.

Its website is greencandleresearch.com.

A Research Analyst, or RA, is a person or firm licensed by SEBI to publish research and recommendations for a fee. SEBI is India’s market regulator.

The firm says it covers equity stocks, NIFTY, BANK NIFTY, SENSEX, stock options, index options and selected stock futures.

It describes its approach as data-driven, research-backed, research backed and focused on risk management.

It advertises intraday and swing trading recommendations through digital channels. Intraday means buying and selling on the same day, and swing trades last a few days.

The website promotes Telegram and WhatsApp communities for trade calls and market updates.

It advertises daily recommendations with entry, target and stop loss levels.

Entry is the price to buy at, target is where to book profit, and stop loss is where to exit to limit the loss.

Its promotional material mentions 3 targets and 1 stop loss, with claims of up to 100+ points daily.

The website says the firm has more than 10 years of market experience.

A separate promotional landing page names Pawan Kumar as founder and says he has mentored over 2 lakh students.

These are promotional claims and have not been independently verified.

The website also shows a BSE Enlistment number, 6458, and a GST number, 09ABBFG6236E1ZJ.

Is Green Candle Research Academy SEBI Registered?

Yes, it appears so. The registration records identify the firm under INH000019053, with Pawan Kumar listed as the contact person.

The letters INH tell you the category is Research Analyst. Investment Advisers carry INA instead.

Not sure how the two licences differ in what they can do for you?

Our page on SEBI registered research analyst vs investment advisor explains it in plain words.

The firm’s website uses the same registration number and points to the same registered entity. So the website and the SEBI record match.

You can check this yourself in a minute. A SEBI registration number search lets you enter INH000019053 or the firm’s name and see the result.

Always search by number as well as by name, and save a dated screenshot.

Here is what the record shows:

Particulars	Details
Name	Green Candle Research Academy
SEBI registration number	INH000019053
Category	Research Analyst
Email	[email protected]
Telephone	918126516337
Fax number	918126516337 (as displayed in the registration screenshot)
Registered address	Plot No. 18, Max City, Tehsil Chhata, Kosi Kalan, Mathura, Uttar Pradesh 281403
Contact person	Pawan Kumar
Correspondence address	Plot No. 18, Max City, Tehsil Chhata, Kosi Kalan, Mathura, Uttar Pradesh 281403
Registration date	16 December 2024
Validity	Perpetual
BSE enlistment number	6458
GST number	09ABBFG6236E1ZJ

The registration shows as perpetual, which means it has no expiry date. The supplied screenshot matches the publicly indexed information.

The BSE enlistment number is a listing linked to the BSE, the stock exchange. The GST number is a tax registration. We could not verify either, so check both before you pay.

Here is the part many readers miss. SEBI registration does not certify that a firm’s trade calls are accurate, and it does not guarantee returns.

It also does not tell you how well the firm has performed. Those questions need separate evidence.

To see what the rules actually require of a research analyst, the page on SEBI registered research analyst regulations is a good place to start.

Green Candle Research Academy Founder Details

This is where a beginner can get lost, so let us take it slowly. Two names appear: the firm and a person.

The table below shows who is listed where:

Particulars	Details
Founder as publicly advertised	Pawan Kumar
SEBI-listed contact person	Pawan Kumar
Registered entity	Green Candle Research Academy
Website	greencandleresearch.com
Registered location	Kosi Kalan, Mathura, Uttar Pradesh
SEBI registration	INH000019053

Pawan Kumar is named as the founder on the firm’s promotional workshop website. He is also listed as the contact person in the public SEBI details.

A separate landing page repeats the 10+ years of experience and the 2 lakh students mentored. We could not substantiate either claim.

What the information does not show is the full ownership structure, the legal constitution, who the beneficial owners are, or whether there are other partners or directors.

The contact person in SEBI’s register should not be treated as the sole owner.

Business and tax registration records would be needed to confirm that.

Green Candle Research Academy Services

Now let us see what the firm says it sells.

The pages describe daily trade ideas in options, futures, and shares, delivered online.

Here is how the research records the services:

Service	What the firm says
Premium community	Daily 2 to 3 research trades with entry, target, and stop-loss guidance
Index options calls	4 to 5 daily index options trades, per the main services page
Stock options calls	2 to 3 daily stock options trades, per the main services page
Telegram calls	Daily 3 to 4 intraday calls across NIFTY, BANK NIFTY and SENSEX
BTST trades	Buy today, sell recommendations tomorrow
Green Candle All in One indicator	Free access with certain subscriptions, and lifetime access in one listing
Daily research calls	Calls across NIFTY, BANK NIFTY and SENSEX
Minimum trading capital	₹20,000 to ₹30,000, as shown on the community page
Research channels	Calls delivered on Telegram and WhatsApp

Notice how the number of daily trades changes from page to page. We come back to this in the reliability section.

The firm also states that it does not provide a guarantee of results, and the terms say it is not a portfolio manager.

BTST is a popular style among traders, and it carries overnight risk, since the market can open far from where it closed.

Index options and stock options are risky products. A small price move can mean a large percentage gain or loss on the money you put in.

Green Candle Research Academy Pricing Details

Money is the next thing most readers want to know. The website shows several plans, and they are not all in one place.

First, the premium community plans.

These are the prices on the supplied website screenshots.

Subscription Plan	Displayed Price	Monthly Equivalent
One month	₹3,999	₹3,999 a month
Three months	₹7,999	₹2,666.33 a month
Six months	₹12,999	₹2,166.50 a month
One year	₹19,999	₹1,666.58 a month

The website also shows crossed-out original prices and discounts beside these plans.

Plan	Original Price	Discount Displayed
One month	₹11,798.82	78%
Three months	₹35,398.82	91.3%
Six months	₹58,998.82	92%
One year	₹1,17,998.82	98%

The three-month original price should be rechecked on the live checkout page, because the transcribed figure and the screenshot differ.

Do the discounts add up? Let us check. A ₹3,999 price against ₹11,798.82 is about 66% off, not 78%.

The three-month plan works out to about 77% off, the six-month plan about 78% off, and the yearly plan about 83%. The displayed percentages are higher in every case.

We are not saying anything about intent. We are saying the numbers on the page do not match each other, and you should not decide on a discount alone.

Also check whether GST is added at checkout. The screenshots do not say.

Green Candle Research Academy Additional Premium Products & Plans

A separate SuperProfile listing, called Premium All in One, advertises another set of prices.

Subscription Plan	Displayed Price
Three months	₹4,999
Six months	₹7,999
Lifetime	₹9,999

This offering advertises 2 to 3 research trades daily, entry, target, and stop-loss guidance, and lifetime access to the Green Candle All in One indicator, alongside a one-year premium community subscription.

An indicator is a tool that draws signals on a price chart. It is not the same as a research report.

What Does the Green Candle Research Academy Premium Community Include?

Before looking at the fee cap, let us read what the plan page itself promises.

This is the list shown beside the prices.

• Daily 2 to 3 high-quality trades.
• Big targets ke saath kaam, which means working with big targets.
• No faltoo overtrading, which means no unnecessary overtrading.
• Only real and professional trades.
• Proper entry, target and stop-loss guidance.

A line at the bottom adds that the community does not focus on small 10 or 20 point targets. It says the work is about capturing bigger moves.

These are the firm’s own words about its approach. None of them can be tested from the page, so treat them as promises, not proof.

Does Green Candle Research Academy Comply With SEBI’s Fee Cap?

SEBI limits what a research analyst can charge an individual or HUF client to ₹1,51,000 per year per family. This excludes GST and other statutory charges.

Advance payments and refunds also have conditions under the same framework.

If you want the fee rules in more detail, the page on how much can a SEBI research analyst charge walks through the limits.

The advertised yearly plan of ₹19,999 is far below the cap. So the pricing evidence does not show a breach of the annual fee limit.

Even if one family bought the yearly plan and the lifetime All in One listing, the total would be ₹29,998, still well under the cap.

But the cap applies to total fees across all research services for one family. So the firm should be judged on everything it charges you, not on one plan.

The firm appears to advertise different structures on its website and its payment pages. These may be different products and not contradictory prices for the same service.

Still, the difference between research subscriptions, educational products, indicator access, and community memberships should be clear before you pay.

What to Check Before Buying Green Candle Research Academy Plans?

These steps cost nothing and take a few minutes.

1. Ask which exact product you are buying: research, education, an indicator, or a community.
2. Ask for the final price in rupees, with GST on a separate line, in writing.
3. Ask for the refund terms before you pay anything.
4. Match the payee name on the payment page to the registered entity.

Is Green Candle Research Academy Reliable?

Let us say it plainly. The firm is real and holds a valid-looking SEBI registration, and that is a fair starting point.

But being real does not mean you should trust it blindly.

Registered firms can still have gaps in what they publish and promise.

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

1. Prices And Discounts That Do Not Match

We covered the numbers above, but this deserves its own point. The crossed-out prices imply smaller discounts than the percentages shown.

The firm also lists different plans on different pages, from ₹3,999 a month to ₹4,999 for three months with an indicator.

Always ask which plan covers what, and screenshot the checkout page before you pay.

2. Big Performance Claims Without Records

The firm promotes 3 targets and 1 stop loss, claims of up to 100+ points daily, and a historical performance sheet.

The public material we reviewed does not prove how accurate the advertised targets are, or what a subscriber nets after brokerage, taxes, and other costs.

Claims like these set expectations about how many trades you will get, how often, and how much they might earn.

The page also shows a minimum trading capital of ₹20,000 to ₹30,000 on its community page. Options positions need real money, so ask what a typical trade costs you.

Claims like these need complete, time-stamped records showing entries, exits, stop-loss hits, revised calls, and losses.

Bought a plan on the strength of a profit claim and unsure what you actually received?

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

3. Member And Student Counts That Do Not Match

One landing page advertises 10,000+ registered premium members.

The founder’s workshop page claims over 2 lakh students mentored.

But the current homepage shows zero for research subscribers, research calls, and free community members.

These figures may relate to different platforms, periods, or counters.

The website does not explain the difference, and the zero counters do not support the larger claims.

4. Trade Frequency Claims That Differ

The main services page advertises 4 to 5 daily index options trades and 2 to 3 daily stock options trades.

The premium community says daily 2 to 3 research trades. The Telegram channel says daily 3 to 4 intraday calls.

These claims should be reconciled with what each subscription actually delivers. Ask how many calls you will get, for which product, and in which channel.

Also ask for a complete record of past calls, including unsuccessful ones, revised targets, stop-loss executions, and cancelled trades.

5. Promotional Wording That Sits Oddly With Risk Disclosures

The firm’s Telegram messages mention zero-to-hero trades and daily point targets. An Instagram video discusses doubling or tripling money.

The firm’s own terms say it does not guarantee profits. Wording like this should be read against those disclosures and against supporting records.

If a post makes trading sound like a quick route to riches, slow down. Options can lose most or all of the money put in.

6. Terms That Mix Research And Education

The firm’s terms of service cover research analyst services, educational programmes, webinars, trading workshops and other content in one document.

Research recommendations are regulated differently from education. So you need to know which rules cover the product you are buying.

We cover the terms in detail further down this page.

7. Terms Without A Delivery Promise

The terms do not clearly set a fixed delivery schedule, a minimum number of recommendations, service levels, or remedies when a service is not delivered as shown.

The firm also reserves the right to revise or withdraw recommendations and says delays can occur.

General disclaimers do not replace clear service terms. Ask for the terms for your plan in writing.

8. Privacy Policy Gaps

The privacy policy lists what the firm collects, including KYC and payment information. But it leaves out some basics.

It does not set a data retention period, name a privacy grievance contact, or describe security safeguards. We explain this in the privacy section below.

9. A Complaint Record That Does Not Add Up

The firm publishes complaint tables, and the monthly and annual figures do not match each other.

We go through each number on our separate page on Green Candle Research Academy reviews.

That page also covers the refund policy, the grievance contact details, and a public comment from one user.

A mismatch is not proof of wrongdoing. It is a question the firm should answer.

Green Candle Research Academy Terms And Conditions

Let us look at what you agree to when you subscribe. Many people tick the box without reading it.

The firm’s terms of service cover research analyst services, educational programmes, webinars, trading workshops and other market-related content.

Here is what the document says:

• Users must be at least 18 years old to access paid services.
• The firm provides research reports, market commentary, stock recommendations and educational services.
• The services are not intended to be portfolio management services or guaranteed return arrangements.
• Research recommendations may be revised, modified, suspended or withdrawn.
• Delays in receiving recommendations may occur because of technical or communication issues.
• The firm does not guarantee profits, returns, trading success, or the accuracy of future market movements.
• Clients stay responsible for their own investment and trading decisions.
• Payments should be made only through officially communicated payment channels.

The last point is useful. Always pay only to the account named on the official payment page, and never to a person on chat.

Here is our reading of the terms. The document combines research services with educational and training products.

It does separate research recommendations from education. But it does not break down the obligations attached to each subscription in enough detail.

A clear contract should say what you get, how often, through which channel, and what happens if it is not delivered. These terms do not.

Green Candle Research Academy Privacy Policy

Your phone number, KYC papers and payment details are valuable. So it is worth knowing how the firm handles them.

The policy describes the information it collects from visitors, subscribers and clients.

Category	Information
Personal information	Full name, mobile number, email address, city and state
Billing information	Billing details and payment transaction information
KYC information	KYC and compliance-related information
Technical information	IP address, browser type, device information, and operating system
Usage information	Website usage, session duration and referral sources
Tracking information	Cookies and tracking data

The policy says the information may be used for the following:

• Providing research and educational services.
• Client onboarding and compliance procedures.
• Processing subscriptions and payments.
• Delivering webinars, workshops and educational programmes.
• Sending research updates and service notifications.
• Improving website functionality and user experience.
• Internal analysis, record maintenance and fraud prevention.

On sharing, the firm says it does not sell, rent or trade personal information to third parties.

But the information may be shared with payment gateways, technology providers, regulatory authorities and government agencies where legally required.

Users may ask for access to their information, correction of wrong information, deletion where legally allowed, and withdrawal from marketing messages.

Requests go to [email protected].

The policy does not clearly specify the following.

• A defined data retention period for different categories of personal information.
• A named privacy or data protection grievance contact.
• Detailed procedures and timelines for answering data requests.
• Specific security safeguards or independent security audit arrangements.
• Detailed retention and deletion procedures for KYC and payment records.

These gaps could make it hard for a subscriber to understand how their personal and financial information is kept and protected.

The firm should say more on this, especially because onboarding involves KYC and payment details.

Green Candle Research Academy Telegram And Instagram

Now let us look at where the firm talks to the public.

Most people first meet a firm like this on social media, not on its website.

Green Candle Research Academy Telegram Channel

The supplied screenshots show a Telegram channel called Green Candle II SEBI Registered, with about 9,075 subscribers.

The channel description names Green Candle Research Academy as a SEBI-registered Research Analyst, quotes INH000019053, and points to the website for disclosures.

The promotional messages advertise the following:

• Daily 3 to 4 intraday calls across NIFTY, BANK NIFTY and SENSEX.
• Zero to hero trades.
• BTST trading recommendations.
• Entry, target, and stop-loss guidance.
• Premium community membership.
• Research support through WhatsApp and Telegram.

The messages carry the registration number and a link to the firm’s website for disclaimers.

They also show a SuperProfile subscription link and a separate WhatsApp link.

Here is our reading. The channel uses the firm’s registered identity and promotes recommendations through a third-party messaging app.

A subscriber count of 9,075 does not tell you how many people pay, or how well the calls work.

Terms like zero to hero and daily point targets should be checked against the risk disclosures and against supporting performance records.

Also remember that anyone can copy a registration number onto a channel.

Always check the channel link on the firm’s official website, and pay only through the official payment page.

Green Candle Research Academy Instagram

Two promotional posts are visible on the firm’s Instagram account.

The first, dated 29 October 2025, discusses whether ₹15,000 invested through a SIP could be enough to become a crorepati.

A SIP is a fixed monthly investment, usually in mutual funds.

The second is a promotional video in which a presenter discusses the possibility of doubling or tripling money.

A separate Instagram screenshot displays an unavailable page message. We cannot tell why.

Ask yourself one simple question when you see any video like this. Does it show records you can verify, or only a promise?

Has SEBI Passed An Order Against Green Candle Research Academy?

We should answer this one carefully. The firm’s own disclosure page has a section called Disciplinary History.

It states that there are no pending material litigations or legal proceedings against the Research Analyst.

It also states that SEBI has issued no penalties or directions under the SEBI Act or its regulations against the Research Analyst in relation to its research analyst services.

This is the firm’s own statement. It is not an independent finding.

Our searches for the firm name, Pawan Kumar, the registration number, and related complaint terms did not find a substantial independent news report.

We found no report that documents regulatory action, a major investor dispute, or a confirmed case of wrongdoing involving the firm.

That does not clear the firm. It only means we did not find one, and a lack of news does not mean a lack of complaints.

What To Do If You Face A Problem With Green Candle Research Academy?

Nobody signs up expecting a dispute. But it helps to know the first move before you ever need it.

Start with the firm. Write by email, keep the sent copy, and save your payment proof and the calls you received.

If the reply falls short, the page on SCORES SEBI complaint shows how to take a registered firm to SEBI’s online system.

Losses alone are not a complaint. A complaint is about what the firm promised and what it actually did.

Payment disputes can also go to the SMART ODR portal, which brings in a neutral conciliator.

For the firm’s complaint numbers, refund rules, and the full reporting steps, we keep one detailed page so you are not reading the same thing twice.

You can also read our guide on a SEBI complaint against research analyst for how such cases usually run.

Conclusion

Green Candle Research Academy is a real, SEBI registered research analyst under INH000019053, and that deserves a fair mention.

Its yearly plan of ₹19,999 also sits well below SEBI’s fee cap.

But the discounts do not match the crossed-out prices, the member and student counts do not match each other, and the trade claims change from page to page.

The terms do not promise a clear delivery, and the privacy policy leaves out basics like retention and security. The complaint tables also do not reconcile.

Do not pay until you know exactly which product you are buying, what you will receive, and how you can get a refund.

Get it in writing.

If something still feels wrong, you have regulated routes to use. Report, document, and escalate calmly.

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Report. Recover. Stay Fraud Free.

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Frequently Asked Questions

1. Is Green Candle Research Academy SEBI registered?

Yes. It holds Research Analyst registration INH000019053, registered on 16 December 2024 and shown as perpetual, with Pawan Kumar as contact person.

2. Who owns Green Candle Research Academy?

Pawan Kumar is named as founder and is the SEBI listed contact person. The records do not show the full ownership structure or legal constitution, so ask for written details.

3. How much does Green Candle Research Academy charge?

The website shows ₹3,999 for one month and ₹19,999 for one year, and another listing starts at ₹4,999 for three months. Ask for the final price, with GST, in writing.

4. Does the yearly plan break SEBI's fee cap?

No evidence shows that. The ₹19,999 yearly plan is far below the ₹1,51,000 per family yearly cap, though the cap applies to total fees across all services.

5. Has SEBI taken action against Green Candle Research Academy?

The firm's own disclosure says SEBI has issued no penalties or directions, and we found no independent news report of action. That is not a clearance, so keep checking.