Kuber Alpha Research Review: Registration, Complaints and Red Flags

You might be searching for who Aakash Rathore is, whether he is SEBI registered, and if Kuber Alpha Research is actually worth paying for.

Those are exactly the right questions to ask before you subscribe.

A SEBI registration number and a zero-complaint record can build confidence fast. Whether that confidence is fully earned is a different question.

This page checks the firm’s registration, its disclosures, and what to look at beyond a clean complaint sheet, along with how to report a problem if one comes up.

Aakash Rathore Proprietor of Kuber Alpha Research

Kuber Alpha Research is run by Aakash Rathore as a sole proprietorship out of Indore, Madhya Pradesh.

He offers equity research across intraday, futures, options, index, and swing trading segments.

The firm positions itself around structured, technical driven calls with defined entry, target, and stop-loss levels, rather than one-off tips shared without context.

That kind of marketing language sounds reassuring, but it means nothing until you confirm the entity behind it actually holds a valid licence, which is exactly where the registration check comes in.

The name Aakash Rathore is a fairly common one to search, so it is worth confirming you have the right person.

SEBI’s own registered intermediary list identifies him specifically as “Aakash Rathore, Proprietor of Kuber Alpha Research,” a naming detail that matters if you are cross checking him against other public listings.

Is Aakash Rathore SEBI Registered?

Yes.

Kuber Alpha Research is registered with SEBI under number INH000013642, held by Aakash Rathore as proprietor, active since 29 November 2023 on a perpetual basis.

Detail	Information
Registered Name	Aakash Rathore, Proprietor of Kuber Alpha Research
SEBI Registration Number	INH000013642
Contact Person	Aakash Rathore
Email	[email protected]
Address	151/6, Samajwad Nagar, Indore, Madhya Pradesh, 452002
Validity	29 November 2023, Perpetual

SEBI’s records show no pending litigation or disciplinary action against this registration as of the firm’s latest disclosure.

A valid registration number is a real, verifiable starting point.

It only tells you what SEBI has approved, but not what that approval actually guarantees once you become a paying client.

Kuber Alpha Research Complaints

SEBI requires every registered Research Analyst to publish complaint numbers regularly.

Kuber Alpha Research’s own website carries the table below for the month ending January 2026.

Source	Pending at Start	Received	Resolved	Total Pending	Pending Over 3 Months	Avg. Resolution
Direct from Investors	0	0	0	0	0	0.00 days
SEBI (SCORES)	0	0	0	0	0	0.00 days
Other Sources	0	0	0	0	0	0.00 days
Grand Total	0	0	0	0	0	N/A

The annual disclosure follows the same pattern.

Year	Carried Forward	Received	Resolved	Pending
2025-26	0	0	0	0

Look at that table for a second: zero complaints, zero pending, nothing to worry about.

Why wouldn’t you trust a firm with a record this clean?

That question is worth sitting with, because it is exactly the right one to ask, just not in the way it first appears.

A zero-complaint sheet only tells you nothing was formally filed against this entity.

It does not tell you every client walked away satisfied.

Small firms with a limited client base naturally generate fewer complaints simply because fewer people are trading with them in the first place, which is a very different story from a firm proving itself over thousands of clients.

SEBI expects every registered Research Analyst to disclose at least three years of complaint data.

Kuber Alpha Research has only published one year, even though it claims around five years of experience on its own website.

Why the remaining years are missing is not explained anywhere on the site, and that gap is worth asking the firm about directly before you rely on the clean record shown above.

What Should You Keep in Mind Before Paying Kuber Alpha Research?

A clean complaint record deserves context, and a few details from the firm’s own website supply exactly that.

1. A very small client base and no dedicated social media presence, making it hard to independently check the firm’s day-to-day activity from outside sources.
2. No reviews show up anywhere online. Without independent commentary to weigh against it, you are relying entirely on the firm’s own website and disclosures.
3. Communication runs through WhatsApp, Telegram, and PDF reports only. The official Telegram channel had around 17 members and showed very little activity.
4. A strict no-refund policy applies the moment you pay, immediately, not after any kind of trial period.

None of these points confirm a problem on their own, but together they explain why a spotless complaint sheet should not be the only thing you check.

What Can Kuber Alpha Research Do?

SEBI’s Research Analyst Regulations, 2014 spell out a specific, limited set of activities any registered RA, including Kuber Alpha Research, is allowed to offer.

Knowing this list first makes it easier to spot the moment a conversation drifts outside it.

• Publish research reports and share buy, sell, or hold recommendations on securities.
• Charge advisory or subscription fees within SEBI’s prescribed limits.
• Provide technical and fundamental analysis, including price targets and rationale.

These activities cover research and analysis.

They do not cover fund management or trade execution on a client’s behalf.

What Can Kuber Alpha Research Not Do?

Certain requests, however routine they sound on a call, fall completely outside what any registered RA is permitted to do.

If a conversation with anyone at Kuber Alpha Research crosses into any of the following, treat it as a direct warning sign.

• Guarantee or assure any specific return, profit percentage, or trading outcome.
• Offer profit-sharing arrangements or promise to recover past losses through further payments.
• Ask for your trading account login or offer to place trades on your behalf.
• Charge fees beyond SEBI’s prescribed cap or request payment through cash or unofficial channels.

These restrictions exist because they are the tactics used most often in advisory fraud.

Recognising them in the moment beats reading about them after a loss.

For the complete list of what any Research Analyst can and cannot do, the what can a SEBI registered research analyst do page on this site covers it in full.

How Do You File a Complaint Against Kuber Alpha Research?

If any interaction with Kuber Alpha Research crosses into what is listed above, SEBI provides a defined escalation path.

Here is the process in brief, from first documenting the issue through to a binding decision.

1. Document everything from day one, including payment receipts, subscription confirmations, and every message tied to the research service.
2. Raise the issue with the firm directly, in writing, and give a clear deadline for a response.
3. File a SEBI SCORES complaint if the firm does not respond adequately.
4. Escalate to SMART ODR portal for conciliation if SCORES does not resolve things.
5. Move to share market arbitration if conciliation fails, for a final, binding decision.

The full process, with exact documents and timelines, is covered on the how to file a complaint against SEBI registered research analyst page on this site.

Trusted a clean, zero-complaint record and now feel stuck after agreeing to a no-refund policy?

We help you document exactly what was promised versus what was delivered, and build a complaint that holds up through SCORES, SMART ODR, or arbitration.

Register with us for a free consultation.

Conclusion

Kuber Alpha Research holds a valid, active SEBI Research Analyst registration under Aakash Rathore, and its published complaint record is clean on paper.

But a small client base, no independent reviews, only one year of disclosed data, five years of claimed experience against that, a near-dormant Telegram channel, and a strict no-refund policy all mean that clean record deserves context, not blind trust.

Verify the registration yourself, ask direct questions about delivery and refunds, and treat any guaranteed-return conversation as an immediate red flag.

If any interaction ever crosses into a guaranteed return or a demand outside SEBI’s rules, report it through SCORES right away rather than waiting.

Disclaimer: This review is based on publicly available information, including Kuber Alpha Research’s own website, as of the date of publication and does not constitute investment advice. It is not a SEBI finding, and any conclusion drawn from it should be independently verified.

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Report. Recover. Stay FraudFree.

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Frequently Asked Questions

1. Is Kuber Alpha Research SEBI registered?

Yes. Aakash Rathore, proprietor of Kuber Alpha Research, holds SEBI Research Analyst registration INH000013642, active since 29 November 2023 on a perpetual basis.

2. Does a zero-complaint record mean Kuber Alpha Research is completely safe?

Not entirely. A clean SCORES record only reflects formally filed complaints, and the firm has published just one year of data despite claiming around five years of operation.

3. Why does Kuber Alpha Research's Telegram channel matter if the registration is valid?

It is one of the few independently checkable signals available. A channel with around 17 members and little activity makes it hard to judge service quality from outside.

4. How can I independently verify Aakash Rathore's registration?

Visit SEBI's intermediary portal and search by name or registration number INH000013642 to confirm the licence is active and check for any disciplinary history.

5. What should I do if Kuber Alpha Research does not resolve my complaint?

Escalate through SEBI SCORES first, then SMART ODR conciliation, and arbitration if the dispute still is not resolved after that.