Quick Summary
Wise Global Research Services Private Limited holds active SEBI Research Analyst registration INH000016719 under proprietor Hemraj Singh Sikarwar. The registration is real and verifiable on sebi.gov.in in two minutes. But registration confirms eligibility at one point in time. It does not confirm that stop-loss removal advice during losing trades is compliant, that fees above ₹1,51,000 are permitted, or that guaranteed return promises are allowed. This page confirms the registration and explains exactly what it covers and what it does not.
Before you pay anyone for stock market research, two questions matter.
Are they registered with SEBI? And does that registration actually protect you?
For Wise Global Research, the first answer is yes.
The second answer requires reading past the registration number. Read this review blog on: Is Wise Global Research SEBI registered?
Is Wise Global Research SEBI Registered or Not?
Yes. Wise Global Research Services Private Limited holds active SEBI Research Analyst registration number INH000016719.
The registration is issued to Hemraj Singh Sikarwar as an individual proprietor. He holds the licence personally, not through a company structure.
To verify this yourself, go to sebi.gov.in. Click on Intermediaries. Select Registered Intermediaries. Choose Research Analyst from the category list. Search for INH000016719.
Confirm the result shows Wise Global Research Services Private Limited with Active status.
That verification takes under two minutes. Do it before paying anything.
What the Wise Global Research Registration Confirms?
SEBI registration INH000016719 confirms four things.
Hemraj Singh Sikarwar, Wise Global Research owner, met SEBI’s minimum eligibility requirements at the time of registration. He holds a valid NISM Research Analyst certification.
He submitted a fit and proper declaration. The firm cleared SEBI’s entry-level compliance bar.
It also confirms the firm is authorised to publish research reports and issue buy, sell, or hold recommendations on securities.
This is the core permitted scope of a Research Analyst registration.
What the Wise Global Research Registration Does Not Confirm?
This is where most investors make assumptions that cost them money.
The registration does not confirm that every recommendation the firm makes is based on proper research methodology.
SEBI requires this standard, but it monitors compliance periodically and through complaints, not in real time.
The registration does not confirm that fees charged to any client stay within SEBI’s annual cap of ₹1,51,000 per client family.
Five reviewers describe paying between ₹1,45,000 and ₹17,80,000 to this firm. Two of those amounts significantly exceed the SEBI cap.
The registration does not confirm that representatives will not advise you to remove a stop-loss during a losing trade. Three independent Google reviewers describe this specific conduct from Wise Global Research representatives.
SEBI’s Code of Conduct prohibits it. The registration alone does not prevent it from happening.
The registration does not confirm that guaranteed return promises will not be made. Two reviewers describe being promised 3x returns or loss recovery.
SEBI’s Schedule III explicitly prohibits this. But the registration cannot stop a representative from making the promise.
The Stop-Loss Finding Specific to Wise Global Research
Three reviewers on Google, writing independently at different times about different trades, describe the same conduct.
When their trades moved against them and the stop-loss level approached, representatives advised them to remove the stop-loss and hold the position. The losses grew.
SEBI’s Code of Conduct for Research Analysts requires recommendations to be based on sound methodology and responsible risk management.
Advising a client to remove a risk management mechanism during an active losing trade is the opposite of sound risk management.
It is the kind of conduct SEBI’s framework is specifically designed to prohibit.
Three independent accounts describing identical conduct is not coincidence. It is a pattern.
For the full review accounts including amounts paid, names of reviewers, and the specific SEBI regulation each pattern maps to, the reviews page covers every account in full.
Read the Wise Global Research reviews and what each reviewer’s experience maps to under SEBI regulations.
The SEBI Fee Cap Specific to Research Analysts
SEBI’s ₹1,51,000 annual fee cap is a hard regulatory ceiling. It is not a guideline.
It is not a recommendation. And it is the maximum a single registered Research Analyst can charge any individual or HUF client in a financial year across all plans combined.
One reviewer paid ₹17,80,000. Another paid ₹3,50,000. Both exceed the cap by significant multiples.
The registration does not exempt the firm from this cap.
Fees collected above ₹1,51,000 in any financial year are recoverable through a formal SEBI SCORES complaint regardless of the service delivered.
How to Verify Wise Global Research’s Registration Before You Pay?
These three checks take under ten minutes and protect you from the most common risks.
- Go to sebi.gov.in and confirm INH000016719 returns Wise Global Research Services Private Limited with Active status.
- Confirm the proprietor’s name matches what you were told.
- Ask for a written service agreement before paying anything.
- The agreement must specify the fee amount, the service scope, the duration, and the refund terms.
If the firm cannot provide this before payment, stop.
Add up what you are being asked to pay. If a single plan or the combination of plans exceeds ₹1,51,000 for the financial year, the excess is above the regulatory ceiling.
Ask the firm specifically how the fee structure complies with SEBI’s annual cap.
What Can You Do If You Have Already Paid?
If you subscribed to Wise Global Research and your experience involved stop-loss removal advice, upgrade pressure after losses, fee amounts above ₹1,51,000, or guaranteed return promises, the formal complaint process applies directly to this registered firm.
The complaint process starts with a formal written complaint to the firm, then SEBI SCORES, then SMART ODR, then arbitration.
The complete step-by-step guide is on the complaint page.
Read the complete guide on how to file a complaint against Wise Global Research including SCORES filing with INH000016719 here: Is Wise Global Pvt Ltd real or fake?
Our team files your SEBI SCORES complaint, prepares the documentation, and represents you through SMART ODR and arbitration.
Conclusion
Wise Global Research is SEBI registered under INH000016719 in the name of Hemraj Singh Sikarwar. That registration is real and verifiable.
What the registration cannot tell you is whether the stop-loss removal advice three reviewers describe is compliant, whether the fees some reviewers paid stay within the annual cap.
Or whether the 3x return promises two reviewers describe are permitted.
SEBI’s regulations prohibit all three. The registration does not prevent them from happening.
Verify the registration. Then verify the conduct. Both matter equally.
Frequently Asked Questions
Yes. Wise Global Research Services Private Limited holds active SEBI Research Analyst registration INH000016719 under proprietor Hemraj Singh Sikarwar. Verify at sebi.gov.in under Research Analyst intermediaries.
It permits the firm to publish research reports and issue buy, sell, or hold recommendations on securities based on documented research methodology. It does not permit guaranteed return promises, stop-loss removal advice, fees above ₹1,51,000 per client family per year, or loss recovery assurances.
No. SEBI caps combined annual Research Analyst fees at ₹1,51,000 per individual or HUF client family from one registered RA. Some reviewers describe paying amounts that exceed this cap significantly. Fees above the cap are recoverable through a formal SEBI SCORES complaint.
No. Registration confirms eligibility and authorisation to operate. It does not certify the quality of recommendations, validate marketing claims, or guarantee that conduct after registration stays within regulatory requirements. Three reviewers describe stop-loss removal advice that conflicts with SEBI's Code of Conduct standards.
Go to sebi.gov.in. Click Intermediaries, then Registered Intermediaries. Select Research Analyst. Enter INH000016719 in the search field. Confirm the result shows Wise Global Research Services Private Limited with Active status and Hemraj Singh Sikarwar as proprietor.
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