You search for a stock advisory service and land on Perfect Research House. The first question in your mind is simple: is Perfect Research SEBI registered?
That one question can protect you from a lot of costly mistakes. So here is a direct, SEBI-focused answer with everything you need to know before subscribing.
Perfect Research Review
Perfect Research House is a Rajkot-based stock advisory firm founded by Bhavin Kishorbhai Sorathiya.
The firm offers subscription-based research packages covering Nifty Options, Bank Nifty Options, and Sensex Options, with fees ranging from ₹5,000 per week to ₹70,000 per year.
It targets retail traders seeking research-backed F&O recommendations with live market support.
Perfect Research SEBI Registration Details
So is Perfect Research SEBI registered? Yes, and here are the exact details.
- Name: Bhavin Kishorbhai Sorathiya
- Registration Type: Research Analyst (RA)
- SEBI Registration Number: INH000010955
- Registered Address: Office No. 602, Sanskar Heights, 6th Floor, Near Radhe Circle, 150 Feet Ring Road, Rajkot, Gujarat, 360004
Investors can independently verify this registration number on SEBI’s official intermediary registry. That step takes two minutes and costs nothing, do it before paying anything.
One critical distinction to note here: this is a Research Analyst registration, not an Investment Adviser (IA) registration. These are two completely different SEBI categories with different regulatory scopes.
An RA provides impersonal research recommendations. An IA provides personalised investment advice after risk profiling and KYC.
Is Perfect Research Legit?
Is Perfect Research SEBI registered and compliant with SEBI rules? The registration is real.
But SEBI registration only confirms eligibility, not conduct. So here is what the firm does right and where it falls short against SEBI’s actual requirements.
1. Registration Number Prominently Displayed
SEBI’s April 2023 circular requires every RA to display the registration number prominently across all client-facing channels.
Perfect Research displays INH000010955 in the footer of every page. This meets the requirement.
SEBI’s December 2021 circular mandates that every RA prominently display the Investor Charter including the grievance mechanism and SEBI SCORES reference.
Perfect Research maintains a dedicated Investor Charter page with all required content. This is a genuine compliance positive.
2. No Assured Returns Disclaimer Correctly Stated
The disclaimer page states: “We do not provide assured returns in any of the services.” This aligns correctly with the RA Code of Conduct under Regulation 24(2) and Clause 1 of the Third Schedule of the RA Regulations.
However, this disclaimer sits on a separate page that most subscribers never read while the pricing page they do read prominently claims “Monthly Accuracy of 80–85%”, directly contradicting the spirit of this disclaimer.
3. Three Unverified Accuracy Claims
The Plan page lists accuracy percentages as product features across all packages. The Nifty Option and Bank Nifty Option packages both claim “Monthly Accuracy of 80-85%” and the Sensex Option package claims “Monthly Accuracy of 85-90%.”
Under SEBI’s Advertisement Code for Research Analysts, Clause C(x) prohibits any RA from making accuracy percentage claims in marketing material without independent PaRRVA verification.
Perfect Research holds no PaRRVA certification. Three simultaneous accuracy claims across every product is not an oversight, it is a systematic pattern.
4. Calls Itself “Registered Investment Advisor” Without an IA Registration
The disclaimer page states: “We are a registered investment advisor; we will provide investment advice to only the customer after the successful completion of the risk profiling assessment and KYC.”
Bhavin Kishorbhai Sorathiya holds only an RA registration. SEBI’s IA registry shows no record for his name.
Describing the firm as a “registered investment advisor”, directly misrepresents the regulatory scope of the RA registration to investors.
SEBI’s April 2023 circular requires all client communications to accurately reflect the intermediary’s actual registration category.
5. Pre-Registration Complaint Data in the Report
The complaint disposal table in the document runs from 2018–19 to 2022–23, showing zero complaints across all years.
However, the SEBI RA registration was granted only in 2022. Including four pre-registration years in a post-registration compliance audit is irregular.
Furthermore, the 2025–26 complaint table is entirely blank. SEBI’s December 2021 circular requires complaint data updates by the 7th of every succeeding month.
A firm marketing to 5,000+ investors recording zero complaints across every year raises a direct question about whether clients actually know where and how to file a complaint.
How to File a Complaint Against a Research Analyst?
If you subscribed to Perfect Research House and faced losses, felt misled by the accuracy claims on the pricing page, or found that the service did not comply with SEBI’s rules, act on these steps immediately.
Step 1: Send a Formal Complaint to Perfect Research
Write to the grievance officer by email and registered post.
State the specific SEBI-prohibited claims that influenced your subscription, what the service actually delivered, and the financial loss incurred.
This starts the official 30-day resolution clock under SEBI’s grievance rules.
Step 2: File Complaint in SCORES
Since Bhavin Kishorbhai Sorathiya holds SEBI registration INH000010955, SEBI has direct regulatory jurisdiction.
File a complaint on SEBI SCORES, describe the accuracy claims in detail, attach your evidence, and submit.
The three unverified accuracy claims on the pricing page are independently reportable under SEBI Advertisement Code Clause C(x).
Step 3: Lodge an issue in SMART ODR
If SEBI SCORES does not resolve the matter within the stipulated period, escalate to Smart ODR, SEBI’s Online Dispute Resolution platform.
Register your case, upload your documentation, and request a conciliation session.
Step 4: Escalate Stock Market Arbitration
If Smart ODR does not resolve your complaint, then move forward and file for arbitration against Bhavin Kishorbhai Sorathiya Research Analyst.
Submit your case through the Smart ODR platform, present all evidence clearly, and state your claims for loss or misrepresentation.
Therefore, while asking “Is Perfect Research Sebi Registered?” you should also pursue arbitration to secure a binding resolution and hold the entity accountable under SEBI regulations.
Need Help?
Filing a complaint that correctly cites SEBI Advertisement Code Clause C(x), the RA Code of Conduct, and follows the right escalation sequence can feel complex for most investors.
However, with the right structure, you can take clear and effective action. We support you at every stage:
- First, we assess whether your case qualifies for a formal SEBI complaint
- Then, we draft a strong complaint citing the exact regulatory provisions
- Next, we guide you step by step through SEBI SCORES and Smart ODR
- After that, we represent you during conciliation proceedings
- Finally, we support you through arbitration when recovery requires it
Therefore, you do not have to navigate the process alone; we ensure your case is structured, compliant, and effectively presented. Register with us.
Conclusion
Is Perfect Research SEBI registered? Yes, INH000010955 is a valid, verifiable Research Analyst registration.
The Investor Charter exists, the annual audit runs, and the no-assured-returns disclaimer is correctly stated.
At the same time, three unverified accuracy claims violate SEBI norms, and the “registered investment advisor” label without IA registration misrepresents the firm’s scope.
Additionally, pre-registration complaint data in a post-registration audit raises compliance concerns.
The registration answers the first question. SEBI rule compliance answers the one that actually matters.
