Quick Summary
Five Google reviews for Groen Research Solutions LLP and its SPEQ Research brand describe a consistent pattern: one or two profitable early calls used to build trust, followed by complete unresponsiveness after payment is made. Reviewers report losses ranging from Rs. 30,000 to Rs. 50,000 or more. One reviewer calls the firm “fake SEBI registered.” The SEBI registration INH000015075 is confirmed genuine. The complaint record shows 1 complaint currently pending in two of three reporting years, making this a meaningfully different compliance picture from firms with a fully clean disposal record. The full registration details, pricing analysis, refund policy, and pre-subscription checklist are on the Groen Research Solutions LLP hub page on this site.
Five Google reviews describe the same sequence. Promising calls before payment. Silence after.
Not one reviewer describes a random disappointing experience. Each account follows the same arc: initial calls that appear profitable, payment made, and then complete unresponsiveness from the firm. One reviewer lost Rs. 50,000. Another paid Rs. 30,000 for a package that produced only losses in one month.
This page covers each account in full, explains what the “fake SEBI registered” claims actually mean in context, and tells you exactly what to do if your experience matched any of these.
What Did Real Investors Say About Groen Research Solutions LLP and SPEQ Research?
These reviews are from named or identifiable users on Google’s public review platform. We are reporting what each person wrote. We have not independently verified the specific transactions described. No SEBI order confirming any of these specific allegations has been issued as of the date of this review.
The full registration details, pricing table, and what to verify before subscribing are covered exclusively on the Groen Research Solutions LLP page on this site. This page focuses on what paying subscribers experienced.
1. Paid First, Then Couldn’t Reach Anyone
s victor, a Google Local Guide with 2 reviews, posted a 1-star review approximately 2 months ago.
“very worst. I had a very poor experience and would give the lowest possible rating. The people involved are not trustworthy. After receiving my payment, there was no proper response or support. The commitments made during the sales calls were completely different from what was delivered. I have lost a significant amount of money. I strongly advise others not to trust or believe these people.”
A second review attributed to s victor, dated 30 July 2026, states: “All from this office fraud people. fake SEBI registered company. False commitment. I lost more than lakhs money. If anybody knows their address let me know.”
Two separate accounts from the same reviewer, separated by months, describing the same pattern of financial loss and false commitments.
2. A ₹30,000 Package That Never Turned Profitable
Ajay Lad, a reviewer with 4 reviews and 1 photo, posted a 1-star review approximately one year ago. His review is written in Hindi.
“Very bad experience. Jab se inka package buy Kiya hai tab se sirf loss book ho pa rahe hai. 30k ka package hai. But 1 month me unhone muze profitable banaya hi nhi. So plz take care.”
In English: Since buying their Rs. 30,000 package, only losses have resulted. In one month the firm did not make the account profitable even once.
The experience of sustained losses rather than any profitable outcome from paid research is the core of his account.
3. Profitable Calls Before Payment, Silence After
Saihitech Sai posted a detailed 1-star review one month ago, titled “Review / Warning Message.” This is the longest and most methodical of the five reviewed.
The reviewer describes two distinct phases. In the first phase, the firm provides one or two calls that appear profitable, building trust and confidence before significant money changes hands. In the second phase, after payment, the experience was “very disappointing.” Support and guidance that had been expected were not provided. Call quality and communication quality were both unsatisfactory.
“I strongly advise everyone to be cautious before paying any advance amount for stock market calls or advisory services. Do not rush into making payments based only on a few successful calls. Instead, observe their service for at least a few weeks or even a month and evaluate their consistency, transparency, and support.”
The reviewer also advises verifying whether any service is properly registered and authorised before trusting it, and that a genuine service should provide clear explanations about market strategies, support systems, and risk management “rather than only focusing on payments.”
This is the most structured account of the four, and it maps directly onto what SEBI’s Advertisement Code and Code of Conduct address: the prohibition on selective presentation of profitable calls to attract clients before payment.
4. Two Winning Trades, Then a ₹50,000 Loss
Gowtham Aradhya posted a 1-star review on 30 March 2026, with 2 people finding it helpful.
“this is fake sebi registratred the only give first 2 trade profit for subscription and after subscription they won’t message or call you they won’t reply to your messages and they won’t answer your call. I lost 50k from them so please nobody should contact them or take advice from them.”
Two facts stand out in this account. First, the specific mechanism of profitable demo trades used to secure payment is described precisely: “first 2 trade profit for subscription.” Second, the loss amount is specific: Rs. 50,000.
What Does “Fake SEBI Registered” Actually Mean?
Both s victor and Gowtham Aradhya use the phrase “fake SEBI registered” in their reviews. This needs specific context before it is cited or acted upon.
SEBI’s own database confirms that registration INH000015075 is genuinely active and registered to Groen Research Solutions LLP. The registration is not fake. We verified this independently from SEBI’s public intermediary portal.
The reviewers’ use of “fake SEBI registered” most plausibly reflects a belief that the firm is misusing a real registration to appear more trustworthy than its actual conduct warrants, rather than a literal claim that no registration exists.
This distinction matters for anyone considering filing a complaint. The complaint grounds are about conduct, not about the registration itself. False commitments during sales calls, disappearing after payment, and not delivering what was promised are all specific SEBI violations regardless of whether the registration is genuine.
What Does Groen Research Solutions Complaint Data Show?
The complaint table below is from the firm’s own published mandatory disclosure.
| Financial Year | Carried Forward | Received | Resolved | Pending |
|---|---|---|---|---|
| 2024-25 | 0 | 3 | 2 | 1 |
| 2025-26 | 1 | 0 | 1 | 0 |
| 2026-27 | 0 | 3 | 2 | 1 |
Six complaints received across roughly 2.5 years of registration. One complaint is currently pending as of the most recent reporting period. A complaint pending in two of three reporting years makes this meaningfully different from firms with a clean zero-pending disposal record.
A complaint carries forward from one year into the next when it was received but not resolved within the reporting period. SEBI expects complaints to be resolved within 21 days of receipt. A complaint that carries forward to the next financial year has exceeded that expectation.
Resolved means the firm submitted a formal response and the complaint file was closed. It does not confirm the investor was satisfied with the outcome.
What Pattern Emerges Across All Five Reviews?
At least four of the five reviews describe the same sequence with different specific amounts and dates.
An initial period of one or two profitable calls builds trust. Payment is made. After payment, the firm becomes unresponsive: no calls, no messages, no replies. Losses accumulate. The investor is left unable to reach anyone.
The consistency of this pattern across four independent reviewers who do not appear to know each other is the most important signal on this page. A single negative review reflects one person’s experience. Four reviews describing the same mechanism, independently, reflect a pattern.
This is unverified anecdotal evidence, not a regulatory finding. No SEBI order confirming this conduct has been issued as of the date of this review. But it is the kind of pattern SEBI’s complaint mechanism exists to investigate.
What To Do If Your Experience Matched These Reviews?
If you subscribed to SPEQ Research, My Research Book, or used the GRSL App and experienced false commitments during the sales process, disappearance after payment, or financial loss from recommendations, the formal complaint path is available.
Write to the firm formally first. Send a written complaint to the firm. State what you paid, when, for which plan, what was promised during the sales call, and what you actually experienced. Give 21 days for a written response.
File on SEBI SCORES if unresolved. Select Research Analyst as the intermediary type. Enter INH000015075 as the registration number. Search for Groen Research Solutions LLP. Attach your payment receipts, the prior written complaint, and any screenshots of the sales call promises.
The full SEBI SCORES guide is on this site. The complete process is available on the complaint against SEBI registered research analyst page on this site.
If SCORES does not resolve it, escalate to SMART ODR. Do not file on SMART ODR while SCORES is still active. The full conciliation guide is on the SMART ODR complaint portal page on this site.
For claims below Rs. 10 lakh, exchange arbitration is free. The NSE arbitration process is on the file complaint in NSE page on this site.
Support and Services Changed After Payment? We Can Help
We review your case, identify every applicable SEBI violation, draft the SCORES complaint, and represent you through SMART ODR and arbitration. Register with us for a free consultation.
Conclusion
Four reviewers. One consistent pattern. Profitable demos before payment, silence and losses after.
One complaint is currently pending in the firm’s own mandatory disclosure. Four of five reviews describe the same mechanism. Rs. 50,000 is the largest specific loss amount documented in the reviews.
None of this is a confirmed SEBI finding. All of it is visible before any money changes hands.
Report, Recover, Stay FraudFree
Frequently Asked Questions
The five reviews cited are from named or identifiable users on Google's public review platform. We have reported what they wrote without independent verification of the specific transactions. No SEBI order confirming these specific allegations exists as of this review. Verify current availability of each review before publishing.
SEBI's database confirms INH000015075 is genuinely active and registered to Groen Research Solutions LLP. The reviewers' use of "fake SEBI registered" most plausibly means they believe the firm misuses its real registration to appear trustworthy while not delivering what it promises, not that no registration exists.
If a representative made specific commitments during the sales call about accuracy, support, or returns that were not delivered, this maps to Regulation 18 of SEBI's Research Analyst Regulations (prohibition on false or misleading statements). Document the exact words used, the date, and the medium, and include this in your SEBI SCORES complaint.
File on SEBI SCORES, select Research Analyst, and enter INH000015075 or search Groen Research Solutions LLP. Attach payment receipts, prior written complaint to the firm, and screenshots of any promises made before payment. Filing is free.
SEBI complaints have a three-year limitation period from the date the issue occurred. If your experience happened within the last three years, you are within the window. Do not wait as WhatsApp messages and payment records are not preserved indefinitely.
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