Quick Summary
Grow Research Analyst reported two investor complaints in FY 2025-26, both marked as resolved. The first came in January 2025, just months after the registration was granted. The second followed in March 2025. After October 2025, the monthly complaint disclosure stopped updating despite SEBI requiring updates by the 7th of every month. What happened between November 2025 and now is not visible on the firm’s own website.
Two complaints. Both resolved. That sounds manageable.
But Grow Research Analyst received its first formal complaint just six months after starting operations.
And the monthly disclosure page that should show what has happened since October 2025 is blank.
If you are checking this firm before subscribing, those two facts together deserve more attention than the Grow Research Analyst complaints count alone.
What Grow Research Analyst’s Own Disclosure Shows?
Every SEBI-registered Research Analyst must publish investor complaint data every month, updated by the 7th of the following month. This is not optional. SEBI requires it.
Grow Research Analyst’s annual complaint disclosure covers two financial years.
|
Year |
Carried Forward | Received | Resolved | Pending |
|---|---|---|---|---|
| 2024-25 | 0 | 0 | 0 |
0 |
|
2025-26 |
0 | 2 | 2 | 0 |
| Grand Total | 0 | 2 | 2 |
0 |
Two complaints received in FY 2025-26, both resolved. Zero pending. On paper, the resolution record is clean.
Grow Research Analyst’s Monthly Table Tells a More Specific Story
The annual summary is one number. The monthly breakdown shows you when complaints arrived and what the pattern looks like across the firm’s operating period.
|
Month |
Received | Resolved | Pending |
|---|---|---|---|
| Jul 2024 | 0 | 0 |
0 |
|
Aug 2024 |
0 | 0 | 0 |
| Sep 2024 | 0 | 0 |
0 |
|
Oct 2024 |
0 | 0 | 0 |
| Nov 2024 | 0 | 0 |
0 |
|
Dec 2024 |
0 | 0 | 0 |
| Jan 2025 | 1 | 1 |
0 |
|
Feb 2025 |
0 | 0 | 0 |
| Mar 2025 | 1 | 1 |
0 |
|
Apr 2025 |
0 | 0 | 0 |
| May 2025 | 0 | 0 |
0 |
|
Jun 2025 |
0 | 0 | 0 |
| Jul 2025 | 0 | 0 |
0 |
|
Aug 2025 |
0 | 0 | 0 |
| Sep 2025 | 0 | 0 |
0 |
| Oct 2025 | 0 | 0 | 0 |
The first complaint arrived in January 2025, six months after the registration was granted in July 2024. The second followed in March 2025. Both were resolved within the same month they were filed.
After October 2025, the table stops. No November, no December, and no 2026 data at all.
Why the Disclosure Gap Matters More Than the Complaint Count?
SEBI requires registered Research Analysts to update their complaint disclosure by the 7th of every succeeding month. This is a mandatory ongoing compliance obligation, not a one-time requirement at registration.
Grow Research Analyst’s disclosure stops in October 2025.
That means anyone checking the firm’s complaint record from November 2025 onwards is looking at a table that is at minimum eight to nine months out of date.
The firm’s registration was new when these complaints arrived.
Two complaints in the first nine months of operation, for a firm that had not yet built a large subscriber base, is a meaningful data point.
The missing months after October 2025 are a harder question. Did the firm receive complaints in that period that are not visible?
Or genuinely received none and simply did not update the mandatory disclosure? The disclosure itself cannot answer this. That is the problem.
A SEBI-registered entity that stops updating a mandatory monthly disclosure is a firm where the visible compliance record and the actual compliance record may have diverged.
Are the Grow Research Analyst’s Two Complaints Genuine?
Yes. These figures come from Grow Research Analyst’s own SEBI-mandated disclosure, not from a forum post or a social media allegation.
The firm itself is confirming that two investors filed formal complaints through the firm’s own grievance mechanism. Whatever the reasons were, the fact that complaints arrived and were logged is not in dispute.
What is in dispute is whether the disclosure is complete. The monthly table stops. The firm has not explained why.
For the full picture of Grow Research Analyst’s registration, pricing, and the five website-level red flags including the wealth creation language and the incomplete Terms and Conditions page, the main review covers everything.
Read the complete Grow Research Analyst review including pricing, registration, and red flags.
What to Do If You Have Already Had a Problem?
If you subscribed to Grow Research Analyst and your experience did not match what the website described, the formal complaint process applies because the firm is SEBI registered.
Start by collecting everything. Payment receipts and bank records. WhatsApp messages from any representative.
The marketing material or website language you relied on before subscribing. Any trading call or recommendation you received.
Write a formal complaint to the firm directly. SEBI expects investors to attempt internal resolution first. Give the firm 21 days to respond in writing.
If no satisfactory response arrives, file on SEBI SCORES. Select Research Analyst as the intermediary type. Enter INH000017222.
The firm has 21 days after the SCORES complaint is forwarded to respond formally.
For the complete step-by-step guide on SEBI SCORES, SMART ODR escalation, arbitration, and what qualifies as a valid complaint ground against this firm, the dedicated guide covers every stage.
Read how to file a complaint against SEBI registered research analyst from internal grievance through arbitration.
Our team files your SEBI SCORES complaint, prepares the documentation, and represents you through SMART ODR and arbitration.
Conclusion
Grow Research Analyst has two complaints on record, both resolved, both from the first year of operations. The resolution record looks clean on paper.
What does not look clean is a mandatory monthly disclosure that stopped updating in October 2025. That gap means the complaint record is incomplete.
Before making any decision or paying subscription fees, make sure to read our companion breakdown: Is Grow Research Analyst SEBI registered?
Two complaints from a firm’s first year is a signal worth taking seriously, not because the number is high, but because the firm was new and the complaints still arrived.
Whatever comes after October 2025 is not visible. That should factor into your decision.
Frequently Asked Questions
Two complaints were filed during FY 2025-26 according to the firm's own SEBI disclosure. Both are shown as resolved. The first arrived in January 2025, six months after the registration was granted. The second followed in March 2025.
No explanation appears on the firm's website. SEBI requires registered Research Analysts to update complaint disclosures by the 7th of every month. The monthly table on the firm's website shows no entry after October 2025. Whether complaints were received in subsequent months and not disclosed is not possible to determine from publicly available information.
The complaint count itself is low. What warrants attention is the combination of complaints arriving early in the firm's operating period and a mandatory disclosure that stopped updating. These together suggest the visible compliance record may not reflect the complete picture.
If the firm does not respond satisfactorily within 21 days of your formal written complaint, file on SEBI SCORES at scores.sebi.gov.in using registration number INH000017222 and intermediary type Research Analyst. If SCORES does not resolve the matter, escalate to SMART ODR and then to exchange arbitration if needed.
Yes. The two complaints come from the firm's own mandatory SEBI complaint disclosure, not from external review platforms. The firm itself reported receiving and resolving these complaints through its official grievance mechanism.
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