Have you ever paid ₹9 for something and ended up being pushed towards spending ₹1,00,000?
If you are an active trader or an investor in India who has been scrolling through Instagram, LinkedIn, or YouTube lately, there is a good chance you have seen those flashy ads from Springpad AI.
Promises of AI-powered trading, financial freedom, and smart market decisions, all starting at just ₹9.
And the first real question any smart trader asks is: Is Springpad AI SEBI registered?
That is actually a great question to start with.
In India’s rapidly growing trading education space, SEBI registration is the first filter that separates legitimate entities from unregulated ones. But as thousands of traders have discovered, it is rarely the last question you need to ask.
In this blog, we look at Springpad AI’s SEBI registration status, what the platform actually offers, the concerns users across India have raised, and most importantly, what you should know before making any financial decision.
Springpad AI
Before jumping into the SEBI question, it helps to understand what Springpad AI actually is.
Springpad AI, officially known as Springpad Wealth Solutions Private Limited, markets itself as an AI-powered stock market education platform.
Based out of Kolkata, the company runs workshops and training programs that promise to teach retail investors how to use artificial intelligence tools for technical analysis, market scanning, and building trading strategies.
The platform was co-founded by Rahul Chandra, who holds CFA, FRM, and CAIA certifications, and Pratik Chakraborty, who claims over a decade of experience trading global markets and securities.
Their flagship offering? A workshop on “Stock Market Using AI,” which is heavily advertised across digital platforms and starts at just ₹9.
They also promote a proprietary algo-trading tool called Bulls AI, which is presented during their webinars as the next step for those who want to take their trading further.
On the surface, this all sounds quite compelling. Certified founders, AI-driven methodology, and an affordable entry point. But let us now get to the question that really matters.
Is Springpad AI SEBI Registered or Not?
Yes, Springpad AI is SEBI registered.
Springpad Wealth Solutions Private Limited holds a valid SEBI Research Analyst (RA) registration under Registration Number INH000022950.
This is verifiable on SEBI’s official intermediary registry, which is publicly accessible to anyone.
This registration means the company operates within a regulatory framework defined by SEBI.
Research Analyst entities are required to follow specific rules related to how they communicate with clients, how they present their services, and what claims they are allowed to make.
So to answer the direct question: yes, the registration is real and verifiable.
But here is the thing about SEBI registration that every trader must understand. It confirms that the entity exists within a regulatory structure.
It does not guarantee the quality of the education provided, the reliability of the strategies taught, or whether the business practices are fully aligned with what SEBI expects from a registered Research Analyst.
Springpad AI User Reviews
Regulatory registration tells you one part of the story. User reviews tell you another part that no marketing material ever will.
Across LinkedIn, Reddit, YouTube, and Quora, a consistent pattern has emerged in what Springpad AI participants are reporting.
Here is a category-wise look at what traders across India have shared.
1. Scripted FOMO and Fake Urgency
A detailed post from April 2025 on LinkedIn describes a firsthand experience with Springpad AI’s AI Trading mentorship workshop.
The person described an atmosphere built around artificial scarcity, where promises of “only 50 seats” did not match the obviously larger number of actual participants.
The three-hour session was characterised as being full of recycled content, with the real objective being to drive attendees toward expensive premium Springpad AI courses rather than deliver substantive AI trading knowledge.
The term used was “scripted FOMO,” which is a fair description of a tactic that many traders have flagged across platforms.
2. High-Pressure Sales
On Reddit, multiple threads specifically call out Springpad AI’s workshop model.
One detailed review makes a sharp and logical observation: if Springpad’s AI technology truly produced the kind of trading edge they advertise, why would the company be running affordable workshops instead of simply using that technology to build their own wealth?
The post describes high-pressure sales tactics and warns fellow traders to steer clear if they want to protect their savings.
3. Pre-Recorded Sessions Passed Off as Live
Another user warns that during workshops, pre-recorded video sessions are presented to attendees as if they are live, interactive sessions.
The user described this as one of the reasons they felt misled, and urged people to avoid the platform.
This raises concerns around transparency, as participants may expect real-time interaction, Q&A, and personalized engagement that a live session typically offers.
4. Promised 100% Returns
One of the most alarming patterns visible in YouTube comments under Springpad AI’s popular videos is the mention of guaranteed return promises.
A particular user shared that they were pushed into buying a premium course with a promise of 100% guaranteed returns.
Under SEBI’s Research Analyst regulations, no registered entity can promise or guarantee returns. Doing so is a direct violation of the RA Code of Conduct.
When this user later tried to seek help after feeling cheated, Springpad AI’s customer support became unreachable.
Multiple YouTube comments echo the word “scammers,” and most describe their hard-earned money as wasted.
5. ₹9 Workshop Trap
Across Quora discussions and community forums, a recurring warning from past participants is very clear: the ₹9 workshop is not designed for education.
It is designed to create the emotional and psychological conditions needed to sell expensive premium courses.
Users report that during workshops, mentors would suggest that those who do not invest in the advanced course will never make money in the markets, a classic fear-based sales tactic that is completely at odds with responsible financial education.
What Retail Traders Should Learn From This?
To be fair and balanced, Springpad AI does hold a real SEBI registration, and the platform does operate openly.
However, there are several points every trader should weigh carefully before making any payment.
- No Broker API or Exchange-Compliance Certification for AI tools: Promoting an algo-trading tool without the required regulatory approvals from exchanges and brokers raises a material compliance concern for any SEBI-registered Research Analyst.
- Return Guarantee Claims: Multiple users report being told about guaranteed or very high fixed returns during the sales process. This is not permitted under SEBI’s RA Code of Conduct.
- Urgency-Based Marketing: “Limited Seats,” “Offer Ends Today,” and similar pressure tactics are documented patterns in Springpad AI’s workshop approach, consistent with what regulators and financial advisors warn traders about.
- Customer Support Concerns Post-Purchase: Several users report difficulty reaching Springpad AI support after paying for premium courses, particularly when seeking refunds.
How to File a Complaint Against a Research Analyst in India?
Since Springpad AI is a SEBI-registered Research Analyst entity, users who have faced issues with the platform do have a formal, structured path available to seek resolution.
Here is how to use it:
Step 1: Organise Your Documentation
Begin by collecting all relevant records: screenshots of promotional communications, payment receipts, course access details, workshop recordings if available, and the full history of your interactions with the team.
Arrange everything in chronological order. This forms the foundation of any formal complaint.
Step 2: Write to the Company First
Before escalating to a regulator, send a formal written communication to Springpad AI’s designated compliance contact. Clearly state your concern and allow them to respond.
Keep a record of every exchange. If they do not respond or fail to resolve the issue, this trail becomes important evidence.
Step 3: Lodge a Complaint in SCORES
Visit the SEBI SCORES portal and register your grievance. Select “Research Analyst” as the entity category, enter Registration Number INH000022950, and describe your concerns clearly with supporting documents attached.
SEBI will log the complaint and follow up with the entity.
Step 4: Register a Complaint with SMART ODR
If SCORES does not yield a satisfactory resolution, move your case to SEBI’s Online Dispute Resolution platform, SMART ODR.
This provides a faster mediation-based pathway to resolve disputes without the delays of conventional proceedings.
Step 5: Share Market Arbitration
If all prior steps are exhausted without resolution, arbitration is the final formal option. An independent arbitrator reviews all the evidence and delivers a binding decision.
This is particularly relevant if you have suffered a measurable financial loss.
Act early. The stronger and more timely your documentation and filing, the better your chances of a meaningful outcome.
Need Help?
If you are unsure how to draft your complaint or navigate the SCORES process, you do not have to figure it all out alone.
Register with us and will guide you through every step, from organising your documentation to formally filing your case.
Conclusion
Springpad AI is SEBI registered as a Research Analyst entity, and that registration is real, verifiable, and currently active.
However, a registration certificate and responsible business practices are two different things.
The volume and consistency of negative user experiences reported across LinkedIn, Reddit, YouTube, and Quora raise genuine questions about whether the platform’s practices align with what SEBI’s Research Analyst regulations require.
As a trader or investor, your single best defence is independent research. Verify the registration directly on SEBI’s portal. Read what real users say across multiple platforms, not just Trustpilot.
Ask hard questions before paying anything beyond that ₹9. And never let urgency or fear push you into a financial decision.
SEBI registration is the checkpoint that tells you an entity can legally operate. Your own due diligence is the checkpoint that tells you whether they are worth trusting with your money.
