Quick Summary
Omkara Capital Private Limited holds SEBI Research Analyst registration INH000008206, active since February 2021, and runs a separate Investment Adviser division under INA000016825. Its Omkara Direct research subscription is priced at ₹25,000, ₹49,000 and ₹89,000 across 90, 180 and 355 day cycles. Every cycle stays comfortably under the ₹1,51,000 annual ceiling, even on continuous renewal. Several claims in the site’s marketing sit closer to outcome language than SEBI’s client documentation standards allow, and a handful of specifics, the team’s collective experience and the incentive claim among them, are stated without supporting detail.
Omkara Capital Private Limited has held SEBI Research Analyst registration INH000008206 since 23 February 2021, and separately holds Investment Adviser registration INA000016825 since April 2022.
That second registration is worth flagging upfront because of how it is structured; since it is not a separate company trading under a similar name, the confusion that shows up with some other firms in this sector.
It is the same legal entity, operating two SEBI licences through internally segregated divisions.
This page checks the registration, the product and pricing structure, and the language the firm uses to describe itself.
Omkara Capital Private Limited Review
Omkara Capital Private Limited is a non-individual SEBI Research Analyst, meaning the registration sits with the company rather than a single named person, though a named director surfaces later in this page and again on the reviews page.
The firm describes its method as data-driven and forensic research, aimed principally at identifying opportunities in mid and small-cap stocks.
Its stated philosophy centres on fundamental research, patient investing, risk management and avoiding avoidable mistakes.
It states that it does not use distributors or middlemen and communicates directly with clients, and that it maintains dedicated in-house compliance and finance teams.
The website states the firm has 1,500 plus investors on board, a figure that establishes scale but is not independently verifiable from public sources.
Beyond the core research subscription, the firm maintains a presence on Facebook, X, Instagram and LinkedIn, and distributes model portfolios through smallcase alongside its own subscription product, giving prospective clients more than one route into the same underlying research.
None of this establishes wrongdoing, and nothing further on this page does either.
Where a registered analyst’s conduct does cross a line, the formal escalation route is set out in full on the reviews page linked above.
Is Omkara Capital SEBI Registered?
Yes, and the registration is confirmed on SEBI’s own published Research Analyst list.
| Detail | Information |
|---|---|
| Organisation Name | Omkara Capital Private Limited |
| SEBI Registration Number | INH000008206 |
| Type of Registration | Non Individual |
| Validity | 23 February 2021, Perpetual |
| Registered Address | Unit No. 207 A/B, Peninsula Centre, Dr. S. S. Rao Road, Behind Piramal Chambers, Parel East, Mumbai, Maharashtra 400012 |
| Correspondence Address | 505, 5th Floor, Amit Industrial Estate, Parel, Mumbai, Maharashtra 400012 |
| Contact Person | Drasti Gandhi |
| [email protected] | |
| CIN | U65929MH2020PTC346912 |
What the INH Prefix Permits
The INH prefix marks a Research Analyst. An INA prefix marks an Investment Adviser, and the difference decides what a firm may legally sell under each licence.
A Research Analyst may publish research and issue recommendations to a subscriber base.
It may not give personalised advice built around an individual client’s income, goals or holdings under that licence, may not execute trades, and may not manage a portfolio.
The Investment Adviser Division Is Genuinely Separate, Not a Namesake
Omkara Capital also holds Investment Adviser registration INA000016825, dated 11 April 2022, operating as Omkara Investment Advisors.
Its own disclosure states that Investment Advisory services are provided by a specific division segregated from, and maintained at arm’s length from, the research side of the business, precisely to avoid a conflict of interest between the two licences.
This matters because it is a different situation from a firm sharing a name with an unrelated third-party registrant.
Here, one company holds two licences and has published the internal separation required to run both honestly.
That is the correct structure for a firm offering both services, and it is worth stating plainly.
The Corporate Record
On the Ministry of Corporate Affairs register, Omkara Capital Private Limited carries CIN U65929MH2020PTC346912, incorporated on 29 September 2020.
Its listed directors are Varinder Bansal, Puja Bansal and Vineet Sood.
Varinder Bansal’s name recurs on the reviews page, where a named client account describes him personally, which is one reason the corporate record is worth having established here first.
What Does Omkara Capital’s Omkara Direct Service Offer?
Omkara Direct is the firm’s core research subscription, and its published feature list is more detailed than most competitors in this sector publish.
Subscribers get coverage of 40-plus stocks, with one to two new ideas added monthly, split between long-term picks and shorter tactical picks.
Every recommendation carries a detailed research note rather than a bare buy or sell call.
The subscription includes data room access, bi-monthly live webinars with recordings, a weekly quant note, and a dedicated private Telegram channel for daily communication with subscribers.
Management interaction is offered through fortnightly Zoom calls.
That is a genuinely more built-out feature set than a firm offering only a recommendation feed, and it is worth naming as such before moving to what it costs.
Omkara Capital Pricing and the ₹1,51,000 SEBI Fee Cap
This is where the news is better than it has been for other firms reviewed on this site, and it deserves to be said plainly rather than searched for a problem that is not there.
Under the RA Regulations, a Research Analyst may charge a maximum of ₹1,51,000 per annum per family, excluding statutory charges, for individual and HUF clients who are not accredited investors.
The Published Price List
| Subscription | Price | Duration |
|---|---|---|
| Omkara Direct | ₹25,000 + GST | 90 Days |
| Omkara Direct | ₹49,000 + GST | 180 Days |
| Omkara Direct | ₹89,000 + GST | 355 Days |
Every Cycle Stays Under the Ceiling
The 355-day plan is effectively an annual subscription on its own, priced at ₹89,000, well inside the ₹1,51,000 limit before GST, which the ceiling itself excludes.
Renewed continuously across a year, the shorter cycles do not change that picture.
There is no combination of Omkara Direct plans, since only one product tier is published, that pushes a client past the limit. On pricing, this firm is compliant, and it is worth stating that without qualification.
One protection still applies regardless. On early termination, a client is entitled to a proportionate refund for the unexpired period, and a Research Analyst may not retain a breakage fee.
What Marketing Claims on the Website Need a Closer Look?
Clean pricing does not automatically mean clean marketing copy, and a handful of statements across the site sit closer to outcome language than SEBI’s client documentation standards permit.
1. Protect Your Gains
The site describes providing timely exit signals to protect your gains.
Framed this way, the phrase can read as an assurance about investment outcomes, which no research service is in a position to guarantee.
2. The No-Commission Incentive Claim
The site states that the firm does not earn commissions, so our only incentive is your success.
That is a claim about incentive structure and conflicts of interest, and it is the kind of statement that should be checked against the firm’s actual disclosures rather than taken as given because it sounds reassuring.
3. Nearly 50 Years of Collective Experience
The team’s collective experience is stated as nearly 50 years, without a breakdown of which team members contribute to that figure or how it was calculated.
As a claim, it is unverifiable from the outside.
4. Compounding and Automatic Wealth Language
Phrases across the site, including slow and steady compounding, wealth will be created automatically, and sustainable wealth, lean toward a positive impression of expected outcomes that SEBI’s disclosure standards specifically caution against attaching to research recommendations.
None of these amounts to an explicit guarantee of returns in the way SEBI orders have treated direct profit promises.
They are softer than that, and each is the kind of phrasing a compliance review would ordinarily flag before publication.
There is one further point that belongs in this section rather than a separate one.
The site provides a link directly to its subscriber Telegram channel from the public website itself.
That is a more transparent practice than firms that mention a Telegram presence without publishing where to find it, and it is worth crediting as a point in the firm’s favour rather than treated as a red flag on its own.
What the Full Complaint Record and Reviews Show
Registration and pricing are only part of the picture.
A firm’s paperwork can look clean while the experience of actually being its client tells a different story entirely.
The firm’s own complaint disclosure contains a claim that does not match its own published data, and the story behind that, along with named client reviews and site testimonials, is covered in full on our Omkara Capital Reviews page.
Disclaimer
This page is based on Omkara Capital’s own published material, the SEBI intermediary register, SEBI’s published Research Analyst list, and the Ministry of Corporate Affairs register, current as of September 2026, and alleges no wrongdoing since no SEBI order stands against the firm.
Registration details, pricing, and website content can change, so verify everything at source before acting. Treat this page as research, not legal or investment advice.
Conclusion
Omkara Capital Private Limited is a properly registered Research Analyst carrying INH000008206, active since 2021, with a genuinely separate and properly disclosed Investment Adviser division under a second SEBI licence.
On pricing, all three Omkara Direct cycles sit comfortably under the ₹1,51,000 annual ceiling, and that is worth taking at face value rather than reading suspicion into a clean number.
Where the site’s language deserves a second look is in the promotional phrasing around gains, compounding and automatic wealth creation, and in claims like the incentive statement and the 50-year experience figure that are made without supporting detail.
Before subscribing, ask for the specifics behind any figure that sounds impressive but is not broken down, and read the fine print on incentive claims against the firm’s actual disclosures rather than the marketing copy alone.
Report. Recover. Stay Fraud Free.
Frequently Asked Questions
Yes. It is registered to Omkara Capital Private Limited as a non individual Research Analyst from 23 February 2021 and is perpetual. Confirm it directly on the SEBI register rather than relying on the website alone.
No. It is a division of the same legal entity, Omkara Capital Private Limited, operating under a separate Investment Adviser registration, INA000016825, with a disclosed arm's length separation from the research side of the business.
No. All three published cycles, 90, 180 and 355 days, stay under the ₹1,51,000 annual ceiling even on continuous renewal across a full year, calculated before GST as the ceiling itself excludes statutory charges.
Research Analysts are not permitted to earn distribution commissions in the way a broker or distributor might, so the claim describes a structural feature of the licence itself rather than a special assurance unique to this firm. It is still worth checking against the firm's actual disclosures.
That is covered in full on our dedicated Omkara Capital Reviews page, which includes the firm's complaint disclosure and named third party reviews rather than being repeated here.
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