Quick Summary
Supriya Dinesh Singh runs Miracle Research Services, SEBI Research Analyst registration INH000017833, active since July 2024, based in Navi Mumbai. Her Option Trader’s Package costs ₹1,50,000 for a single month, just ₹1,000 short of the entire annual SEBI ceiling. Her Equity Package breaches the limit outright once renewed across a year. Her own complaint table also has a genuine arithmetic error, its own rows add up to double what the table’s stated total claims.
Supriya Dinesh Singh holds SEBI Research Analyst registration INH000017833, active since 24 July 2024, and runs Miracle Research Services.
The registration is genuine. Her pricing needs a careful look, because one plan alone comes close to consuming the entire annual amount SEBI allows a client to pay in just thirty days.
This page walks through the registration, checks every plan against the SEBI limit, and includes a real arithmetic problem inside her own complaint disclosure.
Miracle Research Services Review
Miracle Research Services provides research and recommendations to retail clients and high-net-worth individuals, built on market research and structured, technology-driven analysis.
The site states plainly that it does not guarantee returns, and that investments carry market risk, a correctly scoped disclosure worth crediting directly.
Clients subscribe to research packages to receive recommendations tailored to their stated risk appetite.
None of this establishes wrongdoing on its own.
What matters is whether the pricing actually fits within what SEBI allows.
Is Miracle Research Services SEBI Registered?
Yes, per the firm’s own registration record.
| Detail | Information |
|---|---|
| Name | Supriya Dinesh Singh, Proprietor of Miracle Research Services |
| SEBI Registration Number | INH000017833 |
| Validity | 24 July 2024, Perpetual |
| Address | Flat No. 1304, Sector 6, Plot No. 3, Ghansoli, Navi Mumbai, Thane, Maharashtra 400701 |
| Contact Person | Supriya Singh |
| supriyaresearch193 |
An INH number means Research Analyst. It permits publishing research to a general subscriber base.
It doesn’t permit personalised advice built around one client’s own finances, trade execution, or portfolio management.
Is Miracle Research Services’s Pricing Within the SEBI Fee Limit?
This needs a plan-by-plan look, since the numbers here range from fine to seriously over the limit.
SEBI allows a Research Analyst to charge at most ₹1,51,000 a year, per client family.
The Published Price List
| Package | Price | Duration |
|---|---|---|
| Index Option Package | ₹50,000 + GST | 20 credits |
| Index Option Package | ₹1,00,000 + GST | 50 credits |
| Index Option Package | ₹1,50,000 + GST | 80 credits |
| Option Trader’s Package | ₹1,50,000 + GST | 1 month |
| Equity Package | ₹25,000 + GST | 1 month |
| Equity Package | ₹50,000 + GST | 3 months |
One Month Costs Almost the Entire Year’s Limit
The Option Trader’s Package costs ₹1,50,000, excluding GST, for a single month.
That leaves just ₹1,000 of room under the ₹1,51,000 annual ceiling for the remaining eleven months of the year.
Renewed even once more, this single plan alone would breach the SEBI limit outright.
If you’re on this plan and considering any other service from Miracle Research Services, or any other Research Analyst, within the same year, you’re almost certainly already over the ceiling.
The Equity Package Breaches the Limit Directly
The three-month Equity Package, at ₹50,000, comes to ₹2,00,000 if renewed across a full year, over the limit by ₹49,000.
The one-month Equity Package, at ₹25,000, comes to ₹3,00,000 annualised, nearly double the ceiling.
The Index Option Packages Have No Stated Duration at All
These three plans are sold by credit count: 20, 50, or 80 credits, rather than by a stated time period.
Without a duration attached, there’s no way to know how long the credits actually last, or when they expire.
That makes it impossible to check these specific plans against the annual limit at all.
Ask Miracle Research Services directly how long each credit package remains valid, and get that confirmed in writing before you buy.
Also Read: Sungrow Research has a 1-month Intraday plan that looks manageable at first, but 12 months of the same charge reaches ₹1,80,000, above the fee cap.
Does Miracle Research Services’s Complaint Data Add Up?
This one needs checking by hand, since the table’s own numbers don’t match themselves.
The Monthly Trend, Months With Activity
| Month | Received | Resolved | Pending |
|---|---|---|---|
| April 2026 | 2 | 0 | 0 |
| July 2026 | 1 | 0 | 1 |
| August 2026 | 1 | 1 | 1 |
| Stated Total | 2 | 1 | 1 |
Add up the three months actually listed, and the real total comes to 4 complaints received, not 2.
The table’s own stated Total row understates its own visible rows by exactly half.
The Current Snapshot Adds a Second Mismatch
The separate “Complaint Board” table, dated August 2026, states 2 complaints received directly from investors that month alone.
The monthly trend table’s own August 2026 row states only 1 complaint received for that same month.
Two tables describe the same month, giving two different figures.
The annual table, in turn, shows 2 received for FY2026-27, matching the monthly table’s incorrect stated total rather than the actual sum of its own rows.
Whatever error started in the monthly table appears to have carried through into the annual summary too.
None of this means anything improper has happened.
It does mean the real number of complaints against Miracle Research Services can’t currently be determined from the site alone.
Ask directly for a reconciled, correct total.
What Do Miracle Research Services’s Terms & Conditions Actually Say?
A few clauses here are worth reading closely before you subscribe.
The terms state the site “does not give investment advice,” while other sections describe the business as providing research services and recommendations.
These two descriptions sit close enough to create genuine confusion about what you’re actually paying for.
The terms also disclaim liability broadly, covering losses from recommendations, data inaccuracies, delays, and technical issues, stating that the investor assumes the entire risk of using the information.
Miracle Research Services also reserves the right to change its terms and conditions without prior notice to clients, meaning what you agreed to when subscribing may not be what governs your account later.
Does Miracle Research Services Promise More Than It Should?
The site promotes phrases like “High-Growth Potential Stocks,” “Aggressive Returns,” and “Good Risk-Reward Trading Insights,” language built around outcomes rather than describing the research process.
It also states, “Rather than making tall claims about our services, we let our work display our competency,” a self-promotional line that, somewhat ironically, is itself a fairly confident claim.
Also Read: The Vision Research has a “GET FREE RESEARCH REPORT” paired with stock gains of 14.83% and 17.67%, with no context around those figures.
How to File a Complaint Against Supriya Singh?
Given the near-cap pricing on the Option Trader’s Package and the unreconciled complaint tables, a complaint here has firmer ground than a dispute over research quality alone.
Write to the RA’s email ID directly, describing exactly what you were told, what you paid, and what you want resolved.
If that doesn’t resolve things, here’s where the matter goes next.
- File your complaint on the SEBI SCORES complaint portal.
- If SCORES alone doesn’t settle it, the SMART ODR registration platform brings in a neutral party next.
- Where that still doesn’t resolve things, Share Market Arbitration produces a binding decision.
For the full walkthrough of every stage, our guide to a complaint against SEBI registered research analyst covers the entire process in order.
Paying ₹1.5 lakh for a single month without realising how little room that leaves?
We’ll work out your real yearly total and help you put your case on record properly. Register with us for a free look at your situation.
Disclaimer
Everything above comes from Miracle Research Services’ own published material. Nothing here accuses the firm of wrongdoing, and no SEBI order currently stands against it.
Confirm every detail yourself before acting on it. This page is meant to help you ask better questions, not to replace a lawyer or a financial adviser.
Conclusion
Supriya Singh’s Miracle Research Services holds a genuine SEBI registration, INH000017833, active since July 2024.
The Option Trader’s Package leaves almost no room under the annual SEBI limit after a single month; the Equity Package breaches the limit outright once renewed, and the Index Option Packages have no stated duration at all.
The complaint disclosure also contains a genuine arithmetic error; its own rows sum to double what the table claims as its total.
Work out your real annual cost before subscribing, and ask directly for a reconciled complaint count.
Report. Recover. Stay Fraud Free.
Frequently Asked Questions
It's listed on the firm's own registration record, held by Supriya Dinesh Singh since July 2024. Confirm it directly on SEBI's own published Research Analyst list.
Not on its own for one month, but it leaves only ₹1,000 of room under the annual limit. Renewed even once more, it would breach the ceiling.
Yes. Both the monthly and three-month versions exceed ₹1,51,000 once renewed across a full year.
The site doesn't say. Ask Miracle Research Services directly and get the validity period confirmed in writing.
No. The monthly trend's own visible rows sum to twice its stated total, and a separate current snapshot gives yet another figure for the same month.
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