“How to File a Complaint Against Shri Money?” is a question many investors ask after facing losses, blocked support, or constant pressure to deposit more money.
If you’ve had a similar experience, this blog explains the proper channels you can use to file a complaint, report the issue, and seek accountability.
It also covers the key steps that may help you recover your funds.
Is Shri Money SEBI Registered?
The company works as a SEBI registered Research Analyst under registration number INH000015729.
Shri Money mainly provides research-based trading ideas, market insights, and stock market alerts through digital platforms.
Many traders discover the platform through webinars, online promotions, and social media content.
As of May 2026, registration number INH000008844, which has also been publicly associated with discussions regarding Shri Money and Punit Kumar, research analyst, does not show as active on SEBI’s intermediary database.
This has led many investors to search for updated regulatory information, complaint history, and current registration status before relying on market-related recommendations.e.
When To File a Complaint Against Shri Money?
Do not wait and hope the situation resolves itself; act the moment you recognise the warning signs.
File a complaint against Shri Money immediately if any of the following describe your experience:
- Shri Money promised you guaranteed returns, assured profits, or loss recovery in exchange for fees.
- You paid a large upfront package but received recommendations with no research rationale behind them.
- A Shri Money employee contacted you on WhatsApp with profit claims and pressured you to subscribe.
- Shri Money demanded additional payments to recover losses you suffered while following their advice.
The sooner you file, the stronger your case. Evidence is fresh, timelines are clear, and regulators treat prompt complaints more seriously.
Every day you delay gives the other side more time to respond, restructure, or disappear.
How To Report Against Shri Money?
Filing a complaint against Shri Money is not complicated, but you must follow the right sequence.
Start with the firm directly, then escalate through SEBI’s formal mechanisms if the firm does not respond or respond adequately.
If the process feels overwhelming, we assist investors at every stage from drafting the first complaint to representing your case through arbitration.
Step 1: Build Your Evidence File
Organise all your evidence before filing it anywhere. Collect every WhatsApp message, email, payment receipt, bank transfer record, and written communication where Shri Money made any profit promise or recovery claim.
Note the exact date of each payment, the amount, and the specific statement that convinced you to pay.
A well-organised evidence file makes every subsequent step faster and more effective; regulators and arbitrators base their decisions on documents, not verbal accounts.
Step 2: Send a Formal Written Complaint to Shri Money
Write a clear, dated complaint letter or email to Shri Money. State exactly what was promised, how much you paid, what happened after you paid, and what losses you suffered.
Attach copies of your key documents. Send it to their registered compliance email and keep a copy of everything you send.
This step creates a formal paper trail showing you attempted direct resolution first.
SEBI’s dispute resolution forums may ask for this proof before they process your escalation.
Step 3: File a Complaint in SCORES
SEBI SCORES (Securities and Exchange Board of India Complaint Redress System) is the primary platform for investor complaints against registered intermediaries.
Register on SEBI SCORES with full details, timeline, documents, and evidence of any guaranteed returns or loss recovery claims.
SEBI tracks every complaint and directs it to the intermediary for a formal response. You can monitor the status of your complaint online throughout the process.
Step 4: Register Complaint in SMART ODR
If SEBI SCORES does not produce a satisfactory resolution, move to SEBI’s SMART ODR (Online Dispute Resolution) portal.
SMART ODR handles investor disputes through a structured conciliation process where a neutral third party works with both sides to resolve.
File your case with your complete evidence file and a clear statement of what you are claiming, the amount paid, the losses suffered, and the specific misconduct by Shri Money.
Step 5: Stock Market Arbitration
If conciliation through SMART ODR does not resolve your dispute, escalate to formal arbitration within the same ODR framework. Arbitration produces a legally binding award.
Approach this step with your full documentation, every payment record, every communication containing a profit or recovery promise, and a written account of how Shri Money’s conduct caused your financial loss.
An arbitration award against Shri Money is enforceable through legal process.
Shri Money SEBI Order
Investors across India approached Shri Money expecting professional, research-backed investment advice and received a fee-extraction operation instead.
The complaints are not isolated incidents. SEBI’s own investigation confirms a pattern of misconduct that affected multiple clients across multiple years.
SEBI conducted a formal inspection of Shri Money covering April 2022 to February 2024.
This led to two enforcement actions: the Adjudication Order dated January 27, 2025 (Order No. Order/AS/RM/2024-25/31136) and the Final Order by Whole Time Member Ananth Narayan G. dated October 06, 2025.
SEBI found that Shri Money’s violations were not technical lapses; they were deliberate, repeated, and directly harmful to investors.
SEBI identified the following violations across both orders:
- Shri Money employees made direct profit promises and loss recovery assurances to collect fees.
- App-based and physical research reports did not include mandatory disclosures, even after a prior regulatory warning in November 2022.
- Most recommendations had no documented research rationale.
- Shri Money also falsely informed its auditor that it had issued no research reports during April 2022 to March 2023, despite actively issuing recommendations.
Need Help?
We work directly with investors cheated by research analysts, including those who paid money to Shri Money and suffered losses.
Our services cover every stage of the complaint process:
- Case review: We assess your documents, payments, and communications to evaluate the strength of your complaint before you file anything
- Complaint drafting: We write clear, structured complaints for SEBI SCORES and SMART ODR that present your case precisely the way regulators and arbitrators expect
- Evidence organisation: We organise your payments, messages, and loss figures into a complete, professionally structured file
- End-to-end support: We guide you from your first SCORES filing through conciliation and arbitration, ensuring you meet every deadline
Register with us for help in reviewing your case and taking the right steps toward filing and escalation.
Conclusion
Filing a complaint against Shri Money is the right move and SEBI’s own orders give you a powerful foundation to stand on.
Start by building your evidence file, send a formal complaint to Shri Money, file on SEBI SCORES, and escalate through SMART ODR and arbitration if needed.
You lost money because Shri Money chose to mislead you rather than advise you. Now you choose how to respond and the law is firmly on your side.
