Quick Summary
Yes, Deepak Pal holds an active SEBI registration, INH000012856. It is confirmed on SEBI’s own database, valid since 05 September 2023 with no expiry. The registration itself is genuine and not in question. The real concern sits in how the business runs on top of it. Five of his six subscription plans on Investogainer Research cross the ₹1,51,000 family fee cap once annualised. The Terms page still links to a broken SCORES address. This blog verifies the registration in full, then flags what a genuine reg number does not cover.
Anyone typing is Deepak Pal SEBI registered into a search bar wants one thing confirmed fast, before money moves.
A registration number alone only answers part of that question though.
INH000012856 sits on SEBI’s own database, tied to a proprietorship called Investogainer Research, run out of Indore.
What that number actually confirms, and what it quietly does not, is worth sitting with before you subscribe to anything.
Is Deepak Pal SEBI Registered or Not?
Yes, Deepak Pal is a SEBI registered Individual Research Analyst, and his registration stands active today.
Registration number INH000012856 appears correctly on SEBI’s intermediary database, with no flag against the entry itself.
That single fact does not confirm his business runs the way SEBI’s rules actually require. The sections below separate what the registration proves from what it leaves open.
Deepak Pal’s SEBI Registration Snapshot
SEBI’s own database and Deepak Pal’s public listings agree on the following details. Here is the full snapshot in one place.
| Field | Detail |
| Name | Deepak Pal, Proprietor, Investogainer Research |
| Registration Number | INH000012856 |
| Category | Individual Research Analyst, proprietorship |
| Validity | 05 Sep 2023, perpetual |
| BSE Enlistment | 5845, as stated on the firm’s own site |
| Registered Address | Plot 93-A, Satellite Valley, Mirzapur Road, Tejaji Nagar, Indore, MP 452020 |
| Email on Record | [email protected] |
A clean snapshot like this one is exactly what a genuine registration looks like on paper. The category listed next to his name carries its own set of obligations though.
What Deepak Pal’s Individual Research Analyst Actually Means?
SEBI splits research analyst registration into two categories, individual and body corporate. Deepak Pal falls under the individual category, registered as a proprietorship rather than a company.
That distinction matters more than it looks at first glance.
An individual RA can legally hold every internal role at once, without hiring separate staff. That includes compliance officer and principal officer duties combined in one person.
Investogainer Research reflects exactly this setup. Deepak Pal is listed against every one of those designations on his own contact page.
It is allowed under the regulations. It also means every grievance route, compliance decision, and disclosure gap traces back to one person.
There is no backup contact if that person becomes unavailable.
Knowing what the category permits is one thing. Confirming the registration independently, instead of taking any website’s word for it, is another.
How to Verify Deepak Pal’s SEBI Registration Yourself?
Taking a website’s claim at face value is not verification. SEBI publishes its own intermediary records, and checking them directly takes only a few minutes.
Two separate checks confirm two different parts of the same picture. Both are worth running before you subscribe to anything.
Checking the SEBI Intermediary Database
SEBI’s own database is the most reliable source for any research analyst’s registration status. Confirming Deepak Pal’s entry here takes four short steps.
- Open SEBI’s intermediary search page directly on sebi.gov.in, not a link forwarded by the firm.
- Select research analyst as the intermediary category before you search.
- Search using the registration number INH000012856, or the name Investogainer Research.
- Cross check the validity date and registered address against what the firm’s own site states.
The intermediary database confirms the registration itself. It does not confirm the separate BSE enlistment number the firm also advertises.
Checking the BSE RAASB Enlistment Link
Investogainer Research states a BSE enlistment number, 5845, on its own site. The site does not link to any page confirming this independently though.
Verifying it means one extra step, run directly through BSE’s own RAASB portal rather than trusting the number as printed.
- Visit the BSE RAASB enlistment search tool directly through bseindia.com.
- Search using enlistment number 5845 or the firm name Investogainer Research.
- Confirm the enlistment status matches what the firm’s own contact page claims.
Both checks confirm the same underlying fact, that Deepak Pal’s registration is genuine.
What they do not confirm is whether the business built on top of it follows every rule attached to it.
Registration Confirmed, So Why Do Red Flags Still Matter?
A genuine registration number was never designed to certify pricing, marketing, or disclosures. Those sit under separate SEBI rules entirely, and Investogainer Research falls short on several of them.
Here is the short version of what still needs checking before you pay, beyond the registration itself.
- Pricing on five of Investogainer Research’s six plans crosses the ₹1,51,000 family fee cap once annualised.
- Every plan also sells a six month advance package, which breaks SEBI’s one quarter advance fee rule on its own.
- Homepage testimonials and phrases like proven performance fall under SEBI’s advertising restrictions for research analysts.
- The Terms page grievance clause links to scores.gov.in, an address that does not reach SEBI’s actual complaint portal.
- Mandatory disclosures, including a standalone MITC document and an affirmative disciplinary history statement, do not appear anywhere on the site.
The full arithmetic behind the fee cap breach sits in this guide: SEBI registered research analyst fee cap.
None of these gaps undo the registration itself. They do change what a fair, lawful subscription should actually cost you.
How to Complaint Against Deepak Pal?
If you paid Investogainer Research and believe the fee crossed the legal cap, learning how to file a complaint against Deepak Pal is the correct next step.
The process runs in a fixed order, and skipping ahead rarely helps.
Gathering the right proof first makes every stage after it move faster.
- Keep your subscription invoice, the exact plan name, and proof of what you paid.
- File first on SEBI SCORES, since it creates the official regulatory record every later stage depends on.
- If the response is unsatisfactory, escalate to SMART ODR for online conciliation.
- If conciliation also fails, NSE or BSE arbitration is the final formal stage.
Filing correctly, in the right order, matters more than filing fast. If any part of that sequence feels unclear, that is exactly where help matters most.
Checking a registration number is the easy part.
Filing a SCORES complaint correctly, or knowing when to escalate to SMART ODR, is where most investors get stuck.
If Deepak Pal’s registration or pricing plans raise a question this blog did not answer, reach out to us.
Conclusion
Deepak Pal’s SEBI registration is real, active, and easy enough to confirm independently on SEBI’s own database. That part of the question is settled.
What a clean registration number does not settle is whether the pricing, marketing, and disclosures follow the attached rules. On several of those, the site falls short.
Check the registration for yourself using the steps above. Then look just as closely at what you would actually be asked to pay.
Frequently Asked Questions
No. Investogainer Research is the trade name Deepak Pal operates under as a proprietor. The SEBI registration sits against his name individually, not against a separate company.
No. BSE enlistment through RAASB and SEBI registration are two different confirmations. The BSE number should still be checked independently, since the site does not link to any verification page for it.
Yes. A genuine registration does not protect an analyst from action over pricing or disclosure violations. SEBI treats fee cap and advance payment breaches as regulatory violations regardless of registration status.
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