Did you get a call from a representative of Invesia Research, where they were promising how good their results are, which led you to the question: is Invesia Research SEBI registered?
And even if it is, is it really enough to move forward with them?
Do not stay confused. We will help you through this blog to explain exactly that, and also how to fight back if you find anything unlawful about the firm.
Is Invesia Research SEBI Registered or Not?
Invesia Research Private Limited is a SEBI registered firm operated by Himanshu Vyas Research Analyst, who is the contact person on record with SEBI.
The firm carries the registration number INH000022941.
The registration was granted on August 22, 2025, and it carries perpetual validity.
But now comes the more important question: Does that registration guarantee your safety as an investor?
Absolutely not.
SEBI registration only means the entity crossed a minimum compliance threshold. It does not mean every action they take is lawful. It does not mean their tips will be profitable.
In fact, several SEBI-registered Research Analysts have faced enforcement action and penalties precisely because they crossed the line after getting registered.
So before you move forward with any RA, you need to understand what they are actually allowed to do and what is completely off-limits.
What a SEBI Research Analyst Is Allowed to Do?
A SEBI-registered Research Analyst can provide research reports and stock-specific recommendations.
- They can suggest which stocks to buy or sell based on their analysis.
- They can charge fees, currently capped at ₹1,51,000 per annum per family of clients for all research services combined.
- They must maintain a functional website with proper disclosures.
- They must hold a valid NISM certification.
Now look at what they cannot do because this is where most complaints originate.
- A SEBI Research Analyst cannot guarantee returns or profits under any circumstances.
- They cannot execute trades on your behalf.
- They cannot manage your investment portfolio.
- They cannot collect funds from you for investing.
- They cannot ask you to share your Demat account credentials with anyone.
If Invesia Research or any of their representatives did any of the above during their call with you, that is not just aggressive sales. That is a regulatory violation.
Did You Face Something Similar?
Think back to that call you received. Did the representative promise you specific profit percentages? Did they ask you to transfer funds directly or share your Demat login details? Or did they pressure you to act fast and trust their “guaranteed” tips?
If yes, what you experienced is a violation of SEBI’s Research Analyst Regulations. You are not at fault for receiving that call, and you are not alone.
Other Investors across India face this regularly, and there is a formal process to fight back.
Invesia Research User Complaints
Public comments on Invesia Research’s own social media pages raise serious questions about investor experience with the firm.
These are not anonymous reviews; they are comments left directly on the company’s public posts.
1. Investors Reporting Consistent Losses
One user, Madhukar Bhagat, commented directly on their post, stating that the company only causes losses.
A Top Fan badge indicates repeated engagement with the page, meaning this is not a casual visitor but someone who followed and interacted with Invesia Research over time.
2. Concerns About Business Practices
Another user commented that the company’s business practices are unethical and suggested that only short-term speculators benefit from their services.
The term “seasonal speculators” points to a concern that the recommendations may not serve long-term or serious investors.
These are individual experiences shared publicly by users and do not represent a conclusion about the firm’s overall conduct, but they are enough to make any serious investor pause and proceed with caution.
To protect yourself going forward, always pay through official banking channels and keep receipts.
Always ask for a written research report before acting on any recommendation.
But what if you have already paid and already suffered losses? Let us talk about that.
How To Complain Against SEBI Registered Research Analyst?
Many investors realise too late that the experience did not match what was described during onboarding.
If you have already paid Invesia Research and suffered losses, you still have options.
Here is what you can do step by step:
Step 1: Document Everything
Gather every piece of evidence you have: call recordings, WhatsApp messages, SMS tips, payment receipts, and bank statements.
Write down the exact claims made to you during onboarding, including any performance promises.
Note the dates of every interaction, every payment made, and every loss you suffered after following their recommendations.
Step 2: Approach the RA Directly First
Send a written complaint to Invesia Research over email stating your grievance clearly.
If they do not respond, or if their response is unsatisfactory, you have grounds to escalate formally.
Keep a copy of this email and any reply you receive.
Step 3: File a Complaint on SEBI SCORES
SEBI SCORES is the official online grievance redressal portal for investors.
Register on the SCORES portal using your PAN and date of birth. Log in, click “Lodge a Complaint,” and select Research Analyst as the entity category.
Describe your grievance clearly, including the violation type, dates, and amounts involved.
Step 4: Escalate to SMART ODR
If SCORES does not resolve your complaint satisfactorily, escalate to SEBI’s SMART ODR platform.
SMART ODR provides access to structured conciliation and arbitration for securities market disputes.
It is free to use and operates entirely online.
Step 5: File Arbitration in BSE
If conciliation on SMART ODR does not produce a resolution, you can formally initiate arbitration through the same platform.
Arbitration under SMART ODR is a legally binding process; the arbitrator’s award is enforceable.
Need Help?
Do you regret trusting a SEBI registered RA simply because of their registration number and now find yourself at a loss with no idea how to navigate the complaint process against a registered entity?
We understand how overwhelming this can feel.
We help investors like you fight back.
Here is how:
- Free case assessment: We review your situation and tell you exactly where the violation occurred.
- Evidence building: We help you organise and strengthen your documentation before filing.
- SCORES complaint filing: We guide you through every step of the SEBI SCORES process.
- SMART ODR support: We assist with dispute resolution filings if SCORES does not deliver.
- End-to-end follow-up: We track your complaint status and help you respond to SEBI queries.
Reach out to us today. You do not have to figure this out alone, and you should not have to.
Conclusion
Invesia Research is SEBI registered with registration number INH000022941. That is a fact.
But as this blog makes clear, registration is the starting point of accountability, not a guarantee of ethical conduct.
If you received a call with return promises, paid a subscription based on those promises, and suffered losses because of it, know that a legal remedy exists.
SEBI SCORES and SMART ODR are real, effective channels, and real investors have used them to get redress.
Take the first step today.
Frequently Asked Questions
1. Does SEBI registration mean an RA is safe to invest with?
No. SEBI registration means the entity has met the minimum compliance requirements. It does not guarantee ethical conduct, profitable tips, or lawful behaviour.
2. Can a SEBI-registered Research Analyst like Invesia Research guarantee returns?
No. SEBI regulations explicitly prohibit any RA from guaranteeing or promising returns. Any such claim is a regulatory violation, regardless of registration status.
3. Where can I file a complaint against Invesia Research?
You can file a complaint through SEBI’s SCORES portal. If unresolved, you can escalate to SEBI’s SMART ODR platform for conciliation or arbitration.
4. What evidence do I need to file a complaint against an RA?
You need payment receipts, bank transaction records, communication screenshots, any written or recorded return promises, and a timeline of losses suffered after following their recommendations.
