Quick Summary
Investobazar Wealth Nivesh Private Limited holds SEBI Research Analyst registration INH000009861, granted June 13 2022, and BSE enlistment number 5580. The company was incorporated December 13 2021, led by directors Mahendra Singh Moury and Narendra Singh, with a registered office in Andheri West, Mumbai, and a branch in Vijay Nagar, Indore. Services are delivered exclusively by SMS. The firm has published an official alert warning that fraudulent individuals are misusing its SEBI registration number, Aadhaar, PAN, and GST details. Two documented user complaints describe dismissive behaviour after a free demo and poor service quality after fees were collected. This page covers the full registration verification, both complaints, and the exact steps to follow if you were affected.
Most investors do not search for an Investobazar Wealth Nivesh review out of curiosity.
They search after a sales call, after seeing a subscription plan, or after wondering whether the offer they received is genuine.
At that stage, the real question is not whether the company exists. It is whether the service is transparent, properly registered, and matches what you were told before paying.
This review covers the company background, the SEBI registration details you can verify yourself, two documented user complaints, an active impersonation warning the firm has issued about its own credentials, and the precautions every investor should take before paying.
Investobazar Wealth Nivesh Private Limited
Investobazar Wealth Nivesh Private Limited was incorporated on 13 December 2021.
The registered office is in Andheri West, Mumbai, while the branch office operates from Princess Business Skypark, Vijay Nagar, Indore.
The company is led by directors Mahendra Singh Moury and Narendra Singh and employs a team of around 33 professionals.
The firm positions itself as a research house offering recommendations across equity cash, futures, options, and index segments, essentially trade calls aimed at active traders. Services cater to both regular retail traders and HNI (high net worth) clients.
Delivery happens exclusively through SMS. The company has publicly stated it does not use WhatsApp, Telegram, or any social media platform to deliver its services. This single detail becomes critical later in this review.
Payments are accepted through Razorpay and SEBI’s structured UPI mechanism. The company’s own payment page states plainly: “the amount you are paying is purely the fee for our services and not an investment.”
The stated philosophy centres on transparency, innovation, and independence, with a claimed base of 1,000-plus traders.
Whether you are a cautious first-time subscriber or an experienced trader evaluating multiple advisory options, understanding the corporate structure behind a research service matters as much as the recommendations themselves.
A registered private limited company with named directors and a physical branch office carries a different accountability profile than an anonymous Telegram group operating with no traceable ownership.
Is Investobazar SEBI Registered?
Yes, and this is a verifiable, factual positive worth stating clearly.
Investobazar Wealth Nivesh Pvt. Ltd. holds an active SEBI Research Analyst registration under number INH000009861, with validity from 13 June 2022 on a perpetual basis.
Beyond SEBI, the firm is also enlisted with BSE under Enlistment Number 5580 through the Research Analyst Administration and Supervisory Body (RAASB) framework. This dual oversight structure is a standard requirement for corporate research analysts in India.
The registration is real and verifiable. That is the starting point of your due diligence, not the end of it.
The firm’s own payment page carries an important disclaimer: “Registration granted by SEBI and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.”
Holding an RA licence means the firm met minimum regulatory requirements to operate. It does not mean SEBI reviews individual calls, vouches for accuracy, or guarantees returns.
Also Read: Wise Global Research, covering complaints and investor experiences with a different registered firm.
Can You Trust Investobazar?
Trust in any advisory service has to be earned through experience, transparency, and track record, not just a certificate on a website.
Investobazar Wealth Nivesh has published an official alert on its own platform stating that fraudulent individuals are misusing the company’s SEBI registration number, Aadhaar, PAN, and GST details to deceive investors.
The firm explicitly states it does not authorise anyone to use its credentials outside official channels.
All legitimate service delivery happens exclusively through SMS, never WhatsApp, never Telegram, never any social media platform.
Here is exactly how the scam works. An investor does the responsible thing and verifies the registration number. They find a genuine SEBI registration and conclude they are dealing with a legitimate entity.
They are not. They are dealing with an impersonator who borrowed a real registration number to manufacture false credibility.
This pattern is not unique to Investobazar. Across India’s advisory ecosystem, impersonators routinely clone the credentials of legitimately registered firms.
It works precisely because checking a registration number feels like sufficient verification on its own.
If someone approaches you through WhatsApp, Telegram, or social media claiming to be Investobazar, that alone confirms it is not the registered entity.
Pause before any payment and verify directly through official channels.
Investobazar Reviews
User reviews are not a verdict on their own. One bad experience does not define a company entirely. But patterns across independent complaints tell you something worth knowing before you pay.
We are reporting what these users described publicly.
We have not independently verified the specific transactions. No SEBI order confirming this conduct has been issued as of the date of this review.
Complaint 1: A Free Demo Followed by Dismissive Behaviour
One investor describes being offered a one-day free demo, which is standard practice and legitimate on its own.
The concern emerged in what followed. When the sales team was asked to proceed with payment, the communication reportedly became dismissive.
How a company treats a prospective client before money changes hands is often the clearest signal of how it will treat a paying subscriber later.
Pre-payment impatience or evasiveness about fees and refund terms tends to predict how difficult a future complaint will be to resolve.
Complaint 2: Poor Service Quality After Fees Were Collected
A second reviewer describes a different stage of the relationship. According to this account, service quality declined noticeably once fees had already been paid.
The review also raises dissatisfaction with employee conduct and states that the support or results promised during the sales process were not delivered afterward.
Both complaints describe experiences at different stages, pre-payment and post-payment, but point toward the same underlying concern: a gap between what is promised during the sales conversation and what is actually delivered afterward.
Online complaints reflect individual experiences and do not automatically establish regulatory violations.
At the same time, when independent reviewers describe the same pattern without knowing each other, that consistency is worth taking seriously.
If your own experience matches either pattern, document it from the very first interaction. Save every message, note every call, and preserve exactly what was communicated before and after payment.
Also Read: Vibhor Varshney paid advisory, covering a documented Rs. 41,485 net loss case from a different advisory service.
What Should You Verify Before Paying Any Investobazar?
Whether you are evaluating Investobazar specifically or any other SEBI-registered advisory service, these checks are the difference between an informed decision and an expensive one.
1. Verify the SEBI Registration Yourself
Go directly to sebi.gov.in, click Intermediaries, choose Research Analyst, and search using the registration number you were given.
This takes two minutes and confirms the number is real, active, and belongs to the entity you are actually dealing with.
Anyone can print a fake certificate. Only SEBI’s own portal confirms the truth.
2. Ask the Hard Questions Before You Pay
What is the exact fee, and what does it cover? Is there a free trial period? What is the refund policy if you are unsatisfied? How is performance tracked and shared?
Legitimate firms welcome these questions.
Vague answers or high-pressure urgency are the warning signs to watch for.
3. Remember SEBI Registered Is Not SEBI Endorsed
Registration means the entity met minimum regulatory criteria. It functions like a driving licence, not a racing trophy.
SEBI does not endorse, rate, or vouch for the quality of advice given by any registered intermediary.
You still have to evaluate the actual service yourself.
4. Check for Disciplinary History
SEBI publishes enforcement actions, orders, and penalties on its website. A quick search for the firm’s name or registration number can surface past issues.
For company history, the MCA21 portal lets you check director details and filing records. It takes about ten minutes and is worth every one of them.
Did you pay for a service and experience dismissive support, or did an impersonator use Investobazar’s credentials to contact you?
Our team will help you organise your evidence and file the correct complaint, whether you are dealing with the registered firm or an impersonator misusing its name.
Paid Investobazar and Got Nothing Back? Here Is Your Complaint Path
The correct complaint pathway depends on whether you dealt with the genuine registered firm or an impersonator using its stolen credentials.
If you paid the legitimate registered firm and experienced a service dispute, follow this sequence:
- Written complaint to the firm directly, giving them a chance to respond first.
- SEBI SCORES complaint if the firm does not resolve it.
- SMART ODR portal for conciliation if SCORES does not settle the matter.
- Stock Exchange arbitration as the final step if a formal hearing is needed.
The complete step-by-step process for both situations, including exactly what evidence to collect, how long each stage takes, and which forms to use, is covered in full on the how to complain against Investobazar page on this site.
Conclusion
Investobazar Wealth Nivesh holds a genuine SEBI Research Analyst registration under INH000009861. The corporate details are verifiable, the directors are named, and the firm publishes required regulatory documents.
At the same time, the firm’s own published impersonation alert confirms that a real registration number is being actively misused by fraudulent operators.
Two documented complaints describe a gap between what was promised and what was delivered.
Registration confirms the firm is authorised to operate. It does not confirm that every interaction you have will match the compliant standard the registration requires.
Verify independently. Document everything. Ask the hard questions before you pay.
Report. Recover. Stay Fraud Free.
Frequently Asked Questions
No. Registration under INH000009861 confirms regulatory authorisation to operate as a Research Analyst. It does not guarantee profits, certify service quality, or eliminate investment risk. The firm's own payment page states this explicitly.
The real Investobazar Wealth Nivesh delivers services exclusively through SMS and accepts payments only through Razorpay and SEBI's structured UPI mechanism listed on its official website. Any contact through WhatsApp, Telegram, or social media claiming to be Investobazar is not the registered entity.
Act immediately. Collect every payment screenshot, bank statement, the full WhatsApp conversation history, any promotional material shown to you, and the contact details used. Export and save the chat before it can be deleted, then follow the complaint process for impersonation cases.
Recovery depends on the evidence available, including payment records and communication history. Investors should preserve all records immediately and pursue the available complaint mechanisms as early as possible, since delayed action reduces the chances of a strong case.
Verify the SEBI registration directly at sebi.gov.in. Ask for the exact fee, refund policy, and performance tracking method in writing. Confirm the firm is not endorsed by SEBI, only registered. Check MCA21 for corporate filing history before making any payment.
Add us as a preferred source on Google »
