Quick Summary
Jyoti Deviprasad Budhia holds SEBI Research Analyst registration INH000002095, granted November 10 2015 on a perpetual basis, with BSE Enlistment Number 5139. Her website states she serves only non-individual, corporate, and accredited-investor clients, and publishes no fee schedule anywhere. The site’s own Disclaimer page repeatedly references a different domain and sets Bhopal as the dispute jurisdiction despite her registered Mumbai address. The page labelled for standard disclosures contains only generic SEBI loss statistics rather than the required holdings and conflict-of-interest disclosures. Complaint data tables show 1 complaint received and resolved via SEBI SCORES, yet the Grand Total row in the same tables reads 0. Four mandated footer pages return 404 errors.
Jyoti Deviprasad Budhia holds a genuine, perpetual SEBI Research Analyst. Her website presents an impressive professional profile, decades in the market, international training experience, and named associations with several major financial platforms.
But a page-by-page read of Jyoti Budhia’s website reveals five specific documentation problems, ranging from a disclaimer page that legally binds visitors to an entirely different company, to complaint data that contradicts itself within the same table.
Is Jyoti Budhia SEBI Registered?
Yes. Jyoti Deviprasad Budhia holds SEBI Research Analyst registration INH000002095, verifiable directly on SEBI’s public database.
- Registered Name: Jyoti Deviprasad Budhia
- SEBI RA Registration No.: INH000002095
- BSE Enlistment No.: 5139
- Registered Address: 608, 6th Floor, Accord Classic, Above Anupam Stationery, Near Station, Goregaon East, Mumbai, Maharashtra 400043
- Registration Date: November 10 2015, perpetual
One minor inconsistency worth noting directly. The SEBI registration record lists the registered address in Goregaon East, while a separate correspondence address on file reads 103, 1st Floor, Classic Heritage, Peru Baugh, Aarey Road, Goregaon East, a different building in the same general area. This is a small detail on its own, but worth confirming directly if you need to reach her through a physical address.
Verify the registration yourself at SEBI’s website under Research Analyst.
Jyoti Budhia’s Professional Background: What the Website Claims
Her website presents an extensive professional profile, including a Master’s Degree in Finance and the following claims.
Experience: 40 years in the Indian stock markets, with stated specialisation in options trading, chart-based technical analysis, and both short-term and long-term investment strategies.
Training and Mentorship: Described as a trainer for 8 years with a “global audience,” mentoring traders internationally on options strategies, chart reading, and trading psychology.
Speaking and Writing: Named as a contributor to Moneycontrol and a speaker at industry events including Traders Carnival, Stockedge, and Option Symposium.
Institutional Associations: States collaborations with Kotak Securities, Upsurge, Samco, Fyers, Elearnmarkets, QuantsApp, NSE, BSE, and NISM.
These are substantial claims spanning four decades of market experience. Before relying on any of them, ask the firm directly for documentation or third-party confirmation, particularly for the named institutional collaborations, since none of these are independently verifiable from the website content alone.
Does Jyoti Budhia Publish Pricing or Fee Information?
No. No pricing page, fee schedule, or plan list is published anywhere on the site.
The Services page states the RA currently serves only non-individual, corporate, and accredited-investor clients, and no rates for any tier or product are listed publicly.
This is worth flagging on its own. SEBI RA websites typically disclose fee structures for transparency, allowing a prospective client to compare costs before making contact. This site simply does not have that page at all.
Before engaging with any service, ask directly in writing for the complete fee structure, the specific client category you fall under, and confirmation of how that structure complies with SEBI’s applicable fee caps.
The Disclaimer Page Is Legally Bound to a Different Company
This is the most serious documentation issue found on the site.
The Disclaimer page’s legal text repeatedly references “www.pasitechnologies.com,” not jyotibudhia.com, and sets the dispute jurisdiction as the courts of Bhopal, despite Jyoti Budhia’s registered address being in Mumbai.
The page states: “By accessing www.pasitechnologies.com or any of its associate/group sites, you have read, understood and agree to be legally bound by the terms of the disclaimer and user agreement.”
This means the legal document governing your relationship with this Research Analyst refers throughout to a company name and domain that has nothing to do with the SEBI-registered entity you are actually engaging with. This pattern is consistent with a legal template copied from another firm’s website and never updated to reflect the correct entity name, domain, or jurisdiction.
Before relying on any term stated in this Disclaimer, including liability limitations or dispute resolution processes, ask the firm in writing to confirm which entity and which jurisdiction actually governs your specific engagement.
The Standard Disclosures Page Does Not Contain the Required Disclosures
SEBI’s Research Analyst framework expects a dedicated disclosure page to address the analyst’s financial holdings in recommended securities and any conflicts of interest.
The page on jyotibudhia.com labelled “Standard Disclosures” or “Risk Disclaimer” contains only generic F&O loss statistics, sourced from a SEBI study on individual trader losses, rather than the actual holdings or conflict-of-interest disclosures the page is meant to hold.
The actual holdings and conflict-of-interest disclosures are located instead inside the separate Disclaimer page, the same page that is legally bound to a different company entirely, as covered above.
An investor specifically looking for conflict-of-interest disclosures on the page designated for that purpose would not find them there.
Jyoti Budhia Complaint Data: Numbers That Contradict Within the Same Table
SEBI requires every registered Research Analyst to publish investor complaint data across monthly and annual periods.
Data for the Last Month:
| Received From | Pending (Last Month) | Received | Resolved | Total Pending | Pending Over 3 Months | Avg. Resolution Time |
|---|---|---|---|---|---|---|
| Directly from Investors | 0 | 0 | 0 | 0 | 0 | 0 |
| SEBI (SCORES/ODR) | 0 | 1 | 1 | 0 | 0 | 0 |
| Other Sources | 0 | 0 | 0 | 0 | 0 | 0 |
| Grand Total | 0 | 1 | 1 | 0 | 0 | 0 |
Annual disposal trend (most recent entry, FY 2026-27):
| Carried Forward | Received | Resolved | Pending |
|---|---|---|---|
| 0 | 1 | 1 | 0 |
Read the Grand Total row carefully alongside the source-wise row above it. Both the monthly and annual tables correctly show 1 complaint received and 1 resolved via SEBI SCORES/ODR in the source-wise breakdown. But the Grand Total row printed directly beneath that same data reads 0 across every column in both tables.
A grand total of 0 cannot be accurate when the row immediately above it shows a received and resolved figure of 1. This is investor-facing regulatory data that is internally inconsistent within the same published table, not a discrepancy between two separate pages. All twelve years shown in the annual table prior to 2026-27 show zero activity across every column, making this single unreconciled entry the only complaint on record and the only arithmetic error to check.
Mandated Disclosure Pages Return 404 Errors
The website’s footer links to “Non-Refundable Policy,” “Complaint Log Status,” “Investor Charter,” and “Code of Conduct.”
All four of these footer links return 404 errors, even though equivalent content exists and is reachable through the top navigation menu instead.
This is a disclosure accessibility failure rather than a missing-content problem, since the underlying pages do exist elsewhere on the site. But an investor who follows the standard footer navigation path, which is where these links are typically expected on any compliant website, encounters broken pages instead of the mandated disclosures.
If you need to reference the Investor Charter or Code of Conduct, use the top navigation menu rather than the footer links.
Summary of All Five Findings
| Issue | Where Found | Why It Matters |
|---|---|---|
| Disclaimer references a different company and jurisdiction | Disclaimer page | The governing legal document is inaccurate |
| Disclosure page lacks RA-specific content | Standard Disclosures / Risk Disclaimer page | Required disclosures are not where labelled |
| Complaint totals contradict within the same table | Complaint Data page | Inaccurate regulatory disclosure |
| Mandated pages broken via footer links | Footer navigation | Disclosure accessibility failure |
| No fee or pricing disclosure anywhere | Site-wide | Transparency gap |
The core registration is legitimate and verifiable. Every issue above is a documentation or internal-consistency problem rather than evidence of a fake or unregistered entity. But these are exactly the kinds of gaps that matter for an investor doing genuine due diligence, since they touch directly on what SEBI requires a Research Analyst to disclose accurately and consistently.
What Should You Verify Before Engaging With Jyoti Budhia?
- Confirm which entity and jurisdiction actually govern your engagement, given the Disclaimer page’s reference to a different company and Bhopal jurisdiction.
- Ask for the fee structure directly in writing, since no pricing information is published anywhere on the site.
- Request the actual holdings and conflict-of-interest disclosures, since the page designated for this content does not contain it.
- Confirm your correct client category (non-individual, corporate, or accredited investor), since the site states services are limited to these categories only.
- Use the top navigation, not the footer, to access the Investor Charter and Code of Conduct, since the footer links are broken.
Already Engaged With Jyoti Budhia and Have a Concern?
Did the disclaimer terms, the fee structure, or the service you received raise questions you could not resolve on the website itself? Our team reviews your documentation and helps you understand whether your concern qualifies as a formal regulatory grievance. Register with us for a free consultation.
How to Report a Concern Against Jyoti Budhia?
If you have engaged with this Research Analyst and your concern remains unresolved after direct contact, a structured, SEBI-backed process is available.
File on SEBI SCORES first, selecting Research Analyst and entering registration number INH000002095. The complete filing guide is on the SEBI SCORES complaint portal page on this site.
If SCORES does not resolve a monetary dispute, SMART ODR offers structured mediation as the next stage. The full process is on the SMART ODR complaint portal page on this site.
For claims that remain unresolved, exchange arbitration delivers a binding decision. The process is on the arbitration in stock market page on this site.
For the complete step-by-step walkthrough applicable to any Research Analyst complaint, the general guide is on the complaint against SEBI registered research analyst page on this site.
Conclusion
Jyoti Deviprasad Budhia holds a genuine, perpetual SEBI Research Analyst registration under INH000002095, active since 2015. The professional credentials claimed on the website are extensive, though independently unverifiable from the site content alone.
Five specific documentation gaps appear across the website. A Disclaimer page legally bound to a different company with the wrong jurisdiction. A disclosure page missing the content it is meant to hold. Complaint data that contradicts itself within the same table. Four mandated footer pages returning errors. No published pricing anywhere on the site.
None of this proves misconduct on its own. Together, it is exactly the kind of pattern worth resolving in writing before you engage.
Report. Recover. Stay Fraud Free.
Frequently Asked Questions
Yes. Jyoti Deviprasad Budhia holds SEBI Research Analyst registration INH000002095, effective November 10 2015, on a perpetual basis, with BSE Enlistment Number 5139. Verify current status at SEBI's website under Research Analyst.
The Disclaimer page's legal text repeatedly references "www.pasitechnologies.com" and sets Bhopal as the dispute jurisdiction, despite the registered Mumbai address. This is consistent with a legal template copied from another entity's website and never updated. Ask the firm directly which entity and jurisdiction actually govern your engagement.
No. No pricing page, fee schedule, or plan list exists on the site. The Services page states only non-individual, corporate, and accredited-investor clients are served. Ask directly in writing for the complete fee structure before engaging.
The source-wise row correctly shows 1 complaint received and resolved via SEBI SCORES/ODR, but the Grand Total row directly beneath it reads 0 across every column in both the monthly and annual tables. This is an internal arithmetic inconsistency within the same published disclosure.
The content exists but the footer links to these pages, along with the Non-Refundable Policy and Complaint Log Status, return 404 errors. Use the top navigation menu instead to access this content directly.
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