Quick Summary
Investowryght is operated by Investowryght Research Analytics Private Limited, holding SEBI Research Analyst registration INH000012157, verified independently through both SEBI’s public database and MCA corporate records. The website’s own Disclosure page contains privacy-policy content instead of RA-specific disclosures, and the Payment page displays no bank or UPI details at all. Five of the firm’s six pricing plans breach SEBI’s annual fee cap of Rs. 1,51,000 at every billing frequency offered, since no compliant annual plan exists for any of them. The most recent month’s complaint data shows 26 complaints received against a prior full-year total of just 8, a gap the website does not explain. No independent reviews and no social media presence could be located for this entity.
Investowryght operates from investowryght website, offering SMS-based stock market recommendations across six product lines.
Before paying for any such service, the first and most important check is whether the entity behind it is genuinely SEBI-registered, and whether its public disclosures hold up once you look past the homepage.
This review walks through that verification in full, including a pricing table that most investors will find surprising, and a complaint disclosure that raises more questions than it answers.
Is Investowryght SEBI Registered?
Yes. The entity operating under the Investowryght brand is Investowryght Research Analytics Private Limited, holding SEBI Research Analyst registration number INH000012157.
- Registration No.: INH000012157
- Contact Person: Prashant Chhaparwal
- Address: Flat A304, Shree Ram Arcade CHS Ltd, Plot 18A, Sector 7, Kamothe, Navi Mumbai, Maharashtra 410206
- Validity: March 29, 2023, perpetual
This registration was cross-verified independently through a second government source. MCA records for the company, CIN U73100MH2022PTC395131, incorporated December 12 2022, list Prashant Chhaparwal as one of three directors, alongside Sourabh Sen and Heena Khan. The registered office address on file with MCA also matches the SEBI-listed address exactly.
This is a genuine positive. Two independent government databases corroborate each other on the contact person and address, which is stronger verification than most smaller RA entities offer.
Investowryght Research Analytics Private Limited: Corporate Structure
Unlike entities that operate under a brand name distinct from their legal registration, Investowryght Research Analytics Private Limited trades under a brand name that closely mirrors its legal name, and the website consistently uses the full legal name in its disclaimer and disclosure text.
This is a comparatively low-friction case for an ordinary investor. Cross-checking the registration on SEBI’s database is straightforward, since the legal entity name and the brand name are not meaningfully different, unlike several firms in this review series where the brand bears no resemblance to the registered entity.
What Does the Investowryght Website Actually Show?
The website’s navigation exposes Home, About Us, Our Process, Services, Pricing, Payment, Disclaimer, Investor Charter, Complaint Status, and Contact Us. Each page was reviewed directly.
About Us repeats the homepage description. No team page, analyst names, or credentials are published beyond the SEBI-listed contact person.
The Services page and Pricing page disagree on a product name. The Services page names the second product “Option Infinity,” while the Pricing page lists the same tier as “Stock Option.” This is a naming inconsistency between two pages describing what is evidently the same offering.
The Payment page displays no bank or payment details at all, at the time of this review, the page is effectively blank apart from the site’s standard header and footer. This is notable because the homepage’s own “Important Notice” instructs clients to verify “bank account details given below before payment,” implying such details are meant to appear here. They do not.
The Disclaimer page is a lengthy, standard-form legal document confirming SEBI registration status, no guarantee of returns, jurisdiction of Indore courts, and a self-administered arbitration clause for dispute resolution.
The page titled “Disclosure” does not contain disclosure content. SEBI’s Research Analyst framework expects this page to address the analyst’s financial holdings in recommended securities and conflicts of interest. Investowryght’s page instead reproduces privacy-policy language, consent to SMS and calls, data usage, and DND opt-in, content that belongs on a privacy policy, not a disclosure page. A general holdings statement does appear inside the separate Disclaimer page instead, but not on the page specifically designated for this purpose.
The Investor Charter is a complete, verbatim reproduction of SEBI’s mandated Investor Charter for Research Analysts, covering vision, services, a 30-day grievance redressal timeline, and investor dos and don’ts.
The Refund Policy is a short, general statement that refunds are “mutually discussed” on a case-by-case basis, with no specific timeframe, percentage, or eligibility criteria stated anywhere.
The Contact Us page lists two slightly different Indore addresses. The Branch Address reads “201/206 Shagun Arcade” while the Correspondence/Principal Place of Business address in the footer reads “206/207 Shagun Arcade, Vijay Nagar, Indore.” Both refer to the same general location but are not stated identically. The page also retains unremoved placeholder text, “Nullam varius, erat quis iaculis dictum…” in its introductory copy.
None of these individually are compliance violations. Together, they point to a lack of careful proofreading and upkeep across a site that also handles client subscriptions and payments.
Does Investowryght’s Pricing Exceed the SEBI Fee Cap?
SEBI’s fee cap for individual and HUF clients is Rs. 1,51,000 per annum per family. Non-individual entities and SEBI-accredited investors are exempt from this cap.
None of Investowryght’s six plans offer an annual billing option. Each monthly and quarterly rate has been annualised below for direct comparison against the SEBI ceiling.
| Product | Monthly (×12) | Quarterly (×4) | Half-Yearly (×2) | Within Rs. 1,51,000 Cap? |
|---|---|---|---|---|
| Stock Cash | Rs. 19,999 → Rs. 2,39,988 | Rs. 55,000 → Rs. 2,20,000 | Rs. 1,00,000 → Rs. 2,00,000 | No, at every frequency |
| Stock Option | Rs. 24,999 → Rs. 2,99,988 | Rs. 70,000 → Rs. 2,80,000 | Rs. 1,25,000 → Rs. 2,50,000 | No, at every frequency |
| Stock Futures | Rs. 24,999 → Rs. 2,99,988 | Rs. 70,000 → Rs. 2,80,000 | Rs. 1,25,000 → Rs. 2,50,000 | No, at every frequency |
| Index Option | Rs. 29,999 → Rs. 3,59,988 | Rs. 70,000 → Rs. 2,80,000 | Rs. 1,25,000 → Rs. 2,50,000 | No, at every frequency |
| BTST/STBT | Rs. 19,999 → Rs. 2,39,988 | Rs. 55,000 → Rs. 2,20,000 | Rs. 1,00,000 → Rs. 2,00,000 | No, at every frequency |
| Commodity | Rs. 9,999 → Rs. 1,19,988 | Rs. 25,000 → Rs. 1,00,000 | Rs. 45,000 → Rs. 90,000 | Yes, at every frequency |
Five of the six product lines breach the fee cap regardless of which billing frequency an individual client picks. This is flat overpricing rather than a more subtle billing-frequency arbitrage pattern, since no annual plan exists at all to compare against. Commodity is the one exception, staying within the cap at every billing frequency.
One important qualifier on how to read this table. The cap is explicitly an annual ceiling, “per annum per family.” A single one-off month of Stock Cash at Rs. 19,999, taken in isolation, does not itself breach Rs. 1,51,000. The breach only crystallises if a client’s cumulative payments across a rolling twelve-month period exceed the cap, which is what the annualised figures above are modelling, on the assumption of continuous, recurring subscription at the listed rate.
In other words, a client who subscribes for a single month and stops would not, on that transaction alone, be paying in breach of the cap. What is notable is that for five of the six products, there is no way to subscribe on a recurring basis for a full year and stay within the cap. Every renewal path available on the site compounds to a figure above Rs. 1,51,000. That structural absence of a compliant recurring option is the actual concern, not the sticker price of any single invoice.
Nothing on the website indicates which client category, individual versus non-individual or accredited investor, the listed prices are intended for. Ask the firm directly, in writing, before subscribing to any recurring plan.
Investowryght Complaint Data: Numbers That Don’t Reconcile
The Complaint Status page publishes three separate tables.
Current month’s data (month ending April 2026):
| Source | Pending (Last Month) | Received | Total Pending | Pending Over 3 Months | Avg. Resolution Time |
|---|---|---|---|---|---|
| Directly from Investors | 2 | 8 | 0 | 0 | 3 days |
| SEBI SCORES | 3 | 16 | 3 | 0 | 15 days |
| Other Sources | 0 | 2 | 0 | 0 | 10 days |
| Grand Total | 5 | 26 | 3 | 0 | — |
Annual disposal trend:
| Year | Carried Forward | Received | Resolved | Pending |
|---|---|---|---|---|
| 2023-24 | 0 | 0 | 0 | 0 |
| 2024-25 | 2 | 8 | 6 | 2 |
| Grand Total | 2 | 8 | 6 | 2 |
One specific gap is worth flagging clearly, not as an accusation, but as an unresolved disclosure issue. The current month’s table shows 16 complaints received via SEBI SCORES alone, and 26 in total, figures that sit well above the 8 total complaints the annual table records as received across the entire FY 2024-25.
The website does not clarify whether the “Received” column in the current-month table reflects only that single month or a running financial-year total. It also does not reconcile this figure against the annual table’s source-wise breakdown, which does not separate SCORES from direct-investor complaints at all.
Even on the most generous reading, cumulative year-to-date, the current figure exceeds the entire prior year’s total. This is a disclosure-clarity gap rather than a confirmed discrepancy. The underlying arithmetic cannot be fully reconciled from what is published, and it is presented here as exactly that: unresolved.
A second finding worth noting is the resolution time gap. Complaints received directly from investors resolve in an average of 3 days. Complaints routed through SEBI SCORES take an average of 15 days, a 5x difference. This gap is relevant to any investor deciding how to raise a concern; direct contact appears to move considerably faster than the regulatory channel for this specific firm.
No Social Media Presence and No Independent Reviews
The website’s own “Follow Us” icons in the header and footer are all non-functional placeholder links, each pointing to “#” rather than an actual profile. The site itself does not point to any verifiable official social media account.
No dedicated X, Instagram, Facebook, or YouTube account, and no mobile app on Google Play or the Apple App Store, could be identified for this entity. This is consistent with the website’s own statement that it delivers recommendations by SMS only, rather than through an app or messaging channel.
No detailed, first-person reviews describing an actual client experience with Investowryght could be located through the searches conducted for this review, on Google, Play Store, or any other public platform.
No SEBI adjudication order, enforcement action, debarment, or suspension order naming Investowryght Research Analytics Private Limited or registration INH000012157 could be located. A differently named entity, “Investopher Research Services Private Ltd,” does appear in SEBI’s enforcement archive, but this is a separate legal entity with no bearing on Investowryght’s own regulatory record.
What Should You Verify Before Paying Investowryght?
- Confirm which client category the pricing applies to. Ask in writing whether the listed plans target individual, non-individual, or accredited-investor clients, since five of six plans exceed the individual fee cap if subscribed continuously.
- Ask for the actual bank or UPI details before paying. The Payment page currently shows none, despite the site instructing clients to verify such details.
- Request the firm’s conflict-of-interest disclosure directly, since the page designated for this on the website does not contain it.
- Ask for specific refund terms in writing, since the published Refund Policy states only that refunds are “mutually discussed” with no fixed criteria.
- Clarify the complaint figures directly if you are relying on the Complaint Status page, since the current month and annual tables do not reconcile as published.
Already Subscribed to Investowryght and Have a Concern?
Did the pricing you were charged, or the refund process, not match what SEBI’s fee cap or the firm’s own policy suggests it should? Our team reviews your documentation and helps you understand whether your situation qualifies as a formal regulatory grievance. Register with us for a free consultation.
How to Report a Concern Against Investowryght?
If you have subscribed and your concern remains unresolved after direct contact, a structured, SEBI-backed process is available.
File on SEBI SCORES first, selecting Research Analyst and entering registration number INH000012157. The complete filing guide is on the SEBI SCORES complaint portal page on this site.
If SCORES does not resolve a monetary dispute, SMART ODR offers structured mediation as the next stage. The full process is on the SMART ODR complaint portal page on this site.
For claims that remain unresolved, exchange arbitration delivers a binding decision. The process is on the arbitration in stock market page on this site.
For the complete step-by-step walkthrough applicable to any Research Analyst complaint, the general guide is on the complaint against SEBI registered research analyst page on this site.
Conclusion
Investowryght Research Analytics Private Limited holds a genuine SEBI registration under INH000012157, independently corroborated by MCA corporate records.
At the same time, the firm’s own website reveals specific, verifiable gaps. A Disclosure page that contains no disclosure content. A Payment page with no payment details. Five of six pricing plans that breach SEBI’s annual fee cap at every billing frequency, with no compliant recurring option available for any of them. Complaint data for the most recent month that does not reconcile with the prior full year’s total.
None of this proves misconduct on its own. Together, it is exactly the kind of pattern worth verifying in writing before you commit to any recurring subscription.
Report. Recover. Stay Fraud Free.
Frequently Asked Questions
Yes. Investowryght Research Analytics Private Limited holds SEBI Research Analyst registration INH000012157, effective March 29 2023, on a perpetual basis. This was independently cross-verified against MCA corporate records for CIN U73100MH2022PTC395131.
Yes, for five of the six product lines. Stock Cash, Stock Option, Stock Futures, Index Option, and BTST/STBT all breach SEBI's Rs. 1,51,000 annual cap at every billing frequency offered, since no compliant annual plan exists for any of them. Only the Commodity plan stays within the cap at every frequency.
At the time of this review, the Payment page displayed no bank account details, UPI ID, or payment gateway information, despite the site's own notice instructing clients to verify such details before subscribing. Confirm official payment details directly with the firm in writing before transferring any money.
The most recent month's table shows 26 complaints received, 16 via SEBI SCORES, against a prior full-year total of just 8 complaints for FY 2024-25. The website does not clarify whether the 26 figure is for a single month or cumulative, and this discrepancy remains unresolved based on what is published.
No SEBI adjudication order, enforcement action, or suspension naming Investowryght Research Analytics Private Limited or registration INH000012157 could be located as of this review. A similarly named but separate entity, Investopher Research Services Private Ltd, does appear in SEBI's enforcement archive and has no connection to Investowryght.
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