Is Springpad AI SEBI registered?
It’s one of the first questions many traders search for before signing up for a workshop or paying for a premium course, and that’s a sensible place to start.
With AI-powered trading tools, educational programs, and research services being heavily promoted, it’s important to understand what a SEBI registration actually means.
A valid registration confirms that a firm is authorised to operate within SEBI’s regulatory framework, but it does not automatically cover every product, service, or claim associated with the business.
Before relying on marketing material or promotional statements, it’s worth checking the registration yourself and understanding exactly what it allows.
Is Springpad AI SEBI Registered in India?
Many traders come across Springpad AI through its workshops, AI-based trading tools, or stock market courses and naturally want to know whether the company is regulated by SEBI.
The good news is that SpringPad Wealth Solutions Private Limited is listed as a SEBI-registered Research Analyst under Registration Number INH000022950, and this information is available on SEBI’s official website.
Even so, registration is only one part of the picture.
It confirms that the company is authorised to offer research services under the SEBI (Research Analyst) Regulations, 2014, but it should not be interpreted as an endorsement of every course, trading strategy, or educational programme offered by the company.
Before enrolling in any paid service, it’s worth taking a few minutes to verify the registration yourself and understand what this authorisation actually covers.
You can do this by visiting sebi.gov.in, opening the Registered Intermediaries section, and searching for SpringPad Wealth Solutions Private Limited or Registration Number INH000022950.
The search confirms the company’s registration status and basic details while also showing the information that is publicly available through SEBI’s records.
Once you’ve verified the registration, the more important question becomes understanding what a SEBI Research Analyst is permitted to do under the regulations and where the limits of that registration begin.
What Does a SEBI Research Analyst Registration Cover?
A SEBI Research Analyst registration is designed to regulate the research services a company can provide.
It does not give unrestricted authority to offer every type of investment-related service.
Instead, the SEBI (Research Analyst) Regulations, 2014 set clear boundaries on the activities a registered Research Analyst is permitted to carry out.
Under these regulations, a registered Research Analyst can:
- Publish research reports containing buy, sell, or hold recommendations supported by analysis.
- Share market updates, sector research, and educational content with subscribers.
- Offer research-based insights to investors without providing personalised financial advice.
- Collect subscription fees that are disclosed and agreed upon before the service begins.
Another distinction investors should understand is the difference between research and execution guidance.
Research is intended to help investors understand market opportunities by explaining the analysis behind a recommendation.
Real-time trading instructions that tell someone exactly when to buy or sell may be governed by a different regulatory framework, depending on the nature of the service being offered.
Is Springpad AI SEBI Compliant? 3 Big Regulatory Gaps
If you’ve already given money to Springpad AI or are thinking about it, this is the most critical part you need to understand.
While they do have a valid SEBI registration as a Research Analyst (RA), there are big mismatches between what that license actually allows and how they operate.
Here are the three major compliance gaps:
Gap 1: Promises of “Guaranteed Profits”
Let’s start with the biggest red flag: promising easy money.
Many investors have documented instances where Springpad AI’s promotional videos or sales teams used phrases promising assured profits, specific percentages, or guaranteed income from their trading setups.
What the rules say: Under SEBI’s strict rules for Research Analysts, this is a flat-out violation.
No matter how advanced an AI model is, or how impressive a past track record looks, SEBI explicitly forbids any registered analyst from promising “guaranteed” or “risk-free” returns.
Why it matters to you: The moment a sales rep, course video, or WhatsApp text promises you “fixed returns” or “assured income,” they are breaking the law.
If you bought their course because of a promise like this, you have a solid, documented reason to file an official complaint.
Gap 2: The “Bulls AI” Algo Tool Lacks Exchange Approval
Moving past the verbal promises, let’s look at their actual technology.
Springpad AI heavily promotes an algorithmic trading tool called Bulls AI, which automatically generates buy and sell signals for Nifty and Bank Nifty options.
What the rules say: In India, any software that tells you when to buy or sell automatically must be officially certified and approved by the stock exchanges (like NSE or BSE).
This is an entirely separate, strict requirement that goes way beyond just having a basic SEBI license.
Why it matters for you: Bulls AI does not have this official exchange certification.
Because of this gap, you are essentially trading on an unregulated system.
If the software glitches or sends bad signals that wipe out your account, you cannot use the stock exchange’s official dispute channels to get your money back.
Gap 3: Selling Financial Advice Under the Guise of “Education”
Finally, there is a massive contradiction in how they structure their business.
Springpad AI uses a classic “EdTech” pricing trick: they hook you with a tiny ₹9 entry workshop, and then aggressively push you to buy premium courses that cost ₹1 Lakh or more.
What the rules say: They claim they are just an educational platform.
However, the actual services they deliver go way past teaching.
They are handing out real-time trading signals, running live market sessions, telling people exactly when to enter or exit trades, and providing automated tools.
Why it matters for you: Hiding behind an “education” label doesn’t exempt a company from regulatory scrutiny.
A Research Analyst license allows a firm to teach or publish general market research; it does not allow them to give personal trading commands or promise that a course will make you rich.
By doing this, they are crossing a line into territory that legally requires a much stricter Investment Advisor (IA) license.
For a deep dive into what is actually taught in these classes and how it stacks up against regulatory boundaries, you can read the breakdown on Springpad AI courses.
How to Use Springpad AI’s SEBI Registration to Get Your Money Back?
One advantage of dealing with a SEBI-registered Research Analyst is that their SEBI registration actually works in your favor, not theirs.
If they break the rules, you aren’t left helpless; you have the full backing of India’s investor protection systems.
Unresolved grievances can be escalated through the following three official investor grievance redressal channels
- If your complaint is not resolved after contacting the SEBI-registered intermediary, you can escalate the matter by filing a grievance through the official SEBI SCORES portal.
- If the issue remains unresolved, you may use the SMART ODR platform, which offers a structured online process for conciliation and, where applicable, arbitration.
- For disputes covered under the applicable framework, you can also seek Share Market Arbitration through the relevant stock exchange, where an independent arbitrator reviews the case and delivers a binding decision.
The key takeaway is simple: the same SEBI registration that allows Springpad to offer its research services also makes it accountable to SEBI’s rules.
If the firm fails to meet its regulatory obligations, investors have official channels to raise complaints and seek resolution. Without a SEBI registration, pursuing such action can be much more difficult.
For a complete, step-by-step guide on how to gather your screenshots, build your evidence, and file these complaints, you can read the full breakdown on the complaint against Springpad AI.
Paid for a research service and facing an issue?
Let our team review your case, identify any applicable SEBI regulatory concerns, and help you prepare and file your complaint correctly from the very first submission.
Conclusion
Springpad AI holds a valid SEBI Research Analyst registration under INH000022950. That registration is real, verifiable on SEBI’s portal, and currently active.
What the registration does not cover is equally clear: guaranteed return promises, live execution calls during market hours, personalised trading advice, and AI-based algorithmic trading signals without a separate exchange certification.
These are not permitted activities under a SEBI RA licence, regardless of how they are packaged, priced, or labelled.
If your experience with Springpad AI included any of these: a guaranteed return claim that influenced your decision to pay, a live trade call that caused a documented loss, or a Bulls AI signal that performed contrary to how it was marketed, you have a formal complaint basis.
Use it before the evidence ages.
Frequently Asked Questions
1. What does Springpad AI’s SEBI registration actually cover?
The RA registration authorises SpringPad Wealth Solutions to provide general research-based recommendations to subscribers through formal research reports.
It does not cover personalised investment advice, live execution calls, guaranteed return promises, or algorithmic trading signals without a separate exchange certification.
2. Can Springpad AI legally promise guaranteed returns?
No. SEBI Research Analyst Regulation 15(9) explicitly prohibits guaranteed or assured return promises under any circumstances, verbal, written, or in promotional material.
Any Springpad AI representative, course video, or advertisement that uses guaranteed return language is in direct violation of this regulation.
3. Is Bulls AI separately registered with SEBI?
No. Bulls AI does not hold a standalone SEBI registration.
It operates under Springpad AI’s RA registration.
Additionally, Bulls AI does not hold a publicly disclosed exchange-approved algorithmic trading certification, a separate regulatory requirement for algo trading tools offered to retail investors.
4. Are Rahul Chandra and Pratik Chakraborty individually registered with SEBI?
Neither Rahul Chandra nor Pratik Chakraborty holds an individual SEBI Research Analyst registration.
The SEBI RA licence INH000022950 belongs to SpringPad Wealth Solutions Private Limited as a company entity.
Complaints and regulatory accountability run through the company entity, not through the founders individually.
5. I paid ₹1 lakh for a Springpad AI course after being shown profit screenshots. Do I have a complaint?
Displaying profit screenshots to induce a subscription, without disclosing the full risk, the full performance record, or the percentage of unsuccessful signals, is a form of misleading marketing under SEBI’s advertising guidelines for research analysts.
Combined with any guaranteed return language used during the sales process, this gives you a documented complaint basis.
Preserve the screenshots, the payment receipt, and any WhatsApp or email communications that preceded your payment.
