Is Investogainer Research SEBI Registered? Check Before Paying

Searching is Investogainer Research SEBI registered usually means one of two things.

Either you are about to pay and want to check first, or you already paid and now want to know what that payment was actually protected by.

Investogainer Research operates under registration number INH000012856, tied to proprietor Deepak Pal.

That number alone will not tell you whether the firm’s pricing or disclosures are in order.

This guide checks the registration itself, then walks through what a valid number does and does not guarantee.

Is Investogainer Research SEBI Registered or Not?

Yes. Investogainer Research holds an active SEBI Research Analyst registration under number INH000012856.

It also carries BSE enlistment number 5845, tied to the same registered entity.

Proprietor Deepak Pal runs the firm under this single registration. The number covers research services broadly, not one asset class alone.

What that number actually authorizes, and how to check it yourself, is worth understanding before you rely on it.

What Registration Number INH000012856 Actually Authorizes?

A SEBI Research Analyst registration permits a firm to issue research reports and recommendations for a fee.

It does not cover portfolio management, trade execution, or handling client funds directly.

Three things follow from that distinction.

• The firm can offer research based advice, not manage your money or trades directly.
• Registration under INH000012856 does not guarantee the accuracy of any recommendation.
• Any service beyond research, such as trade execution or login access requests, falls outside this registration.

Knowing what the registration covers is only half the picture. Confirming it is genuine yourself closes the other half.

How to Verify This SEBI Registration Yourself?

Do not take the registration number on Investogainer Research’s own website at face value. SEBI’s intermediary portal lets any investor confirm a registration in a few minutes.

Here is the quickest way to do it.

• Visit SEBI’s intermediary registration search on the official SEBI website.
• Select Research Analyst as the intermediary category before searching.
• Search using registration number INH000012856 or the firm’s name directly.
• Cross check the registered proprietor name against Deepak Pal.

The number checks out on SEBI’s own records. What sits next to it on the firm’s own website is where the story gets more complicated.

When Was Investogainer Research Registered, and Why the Date Matters?

Investogainer Research was registered with SEBI in September 2023. That date matters more than it first appears, because of a specific claim on the firm’s own About page.

The Experience Gap the Website Does Not Explain

Deepak Pal’s About page states 12 plus years of experience in the markets. But the firm has existed as a SEBI registered entity for under three years.

Prior market experience before registration is not against the rules on its own.

What matters is the capacity that experience was in. The website nowhere clarifies whether Deepak Pal gave paid recommendations before September 2023, when no SEBI registration covered that activity.

That gap is worth asking about directly.

A registration date is one data point. Whether the rest of the website matches the standard that registration is meant to guarantee is a separate question.

Registration Confirmed, But Does the Rest of the Website Match It?

A SEBI number is the entry ticket, not a running scorecard. Once a firm clears registration, nothing stops its pricing, disclosures, or policies from drifting out of line over time.

Investogainer Research’s own website shows exactly that drift in several places.

Where the Website Contradicts Its Own Registration Standard?

None of the points below are hidden or disputed. They sit on pages Investogainer Research published itself, in short.

• Five of six subscription plans price above SEBI’s ₹1,51,000 annual fee cap for individual clients.
• The homepage promises a pro rata refund while the Terms and Conditions call fees non refundable.
• The Grievance Redressal Policy states 7 working days while the Investor Charter states 21 days.
• The registered address on the About page does not match the address on the Contact page.
• The Compliance Officer contact runs through a personal Gmail address, not an official domain.
• The complaint disclosure table pre fills future months with zero before those months occurred.

Our team files your SEBI SCORES complaint, prepares the documentation, and represents you through SMART ODR and arbitration. Register for a free consultation today.

Reading a list of red flags is one thing. Knowing what to actually check before you pay is what turns this into something useful.

What to Check Beyond the Registration Number Before You Pay?

A valid SEBI number narrows the risk. It does not remove it. A few checks take minutes and tell you more than the registration status alone ever will.

Before subscribing to any Investogainer Research plan, run through this list.

• Confirm the exact plan price against SEBI’s ₹1,51,000 annual cap for your client category.
• Ask for a written, dated research report before paying, not just a WhatsApp message.
• Check which grievance timeline the firm actually honors, 7 days or 21.
• Confirm the registered address in writing rather than trusting either version on the website.

If any of these checks turn up something that does not add up, the next step is not another message to the firm. It is a formal complaint.

Overcharged or Denied a Refund? How to File a Formal Complaint

If the fee cap breach, the refund denial, or the address mismatch matches what happened to you, filing a complaint puts it on record.

The process runs through four stages.

• Gather your invoice, subscription plan details, and any refund or grievance correspondence.
• File on SEBI SCORES against registration number INH000012856.
• Escalate to SMART ODR if the SCORES response does not resolve your grievance.
• Move to NSE or BSE arbitration for an unresolved financial dispute.

The complete step by step version of this process, including exactly which SCORES category to select, is covered in this guide: how to file a complaint against Investogainer Research.

Filing correctly is only half the job. Knowing you do not have to do it alone is the other half.

If the registration checks out but the pricing or refund still feels wrong, you do not have to sort this out alone.

Our team reviews your subscription invoice and tells you plainly whether the plan you paid for breached SEBI’s fee cap.

Reach out to us with your documents and we will tell you exactly where your case stands.

Conclusion

Investogainer Research’s SEBI registration is real, and the number INH000012856 confirms it. That much is settled.

What is not settled is whether the firm’s pricing, refund policy, and disclosures live up to what that registration is supposed to guarantee.

Five of six plans breach the fee cap. The refund policy contradicts the Terms and Conditions. The registered address changes depending on the page.

A genuine registration number is a starting point for trust, not a substitute for checking the rest.

Frequently Asked Questions

1. Does Investogainer Research's SEBI registration cover options and commodity trading calls?

Yes. Registration number INH000012856 covers research analyst services broadly, not one asset class alone. The Stock Option, Index F&O, and Commodity MCX plans on the Services page all fall under this same registration, which is why their pricing is measured against the same annual fee cap as the equity plans.

2. Is a SEBI registration number proof that Investogainer Research's pricing is compliant?

No. A registration number confirms the firm cleared SEBI's entry requirements at the time of approval. It says nothing about whether current pricing, refund terms, or disclosures still comply. Investogainer Research's own Services page shows five of six plans exceeding the ₹1,51,000 cap despite a genuine registration.

3. What happens if Investogainer Research's registration is ever suspended or cancelled?

A suspended or cancelled registration would bar the firm from offering paid research services legally. Any active subscription at that point would need to be reviewed separately, since continuing to collect fees without a valid registration would itself become a fresh regulatory violation worth reporting.