Quick Summary
Prabhat Mittal is a SEBI registered Research Analyst carrying INH000001915, active since October 2015 and based in Bhopal, Madhya Pradesh. None of his four subscription plans breach the ₹1,51,000 annual SEBI fee ceiling, and every plan stays comfortably under it even taken at the highest cycle. There is no direct payment option on the site, however, and subscribing means contacting him through WhatsApp or phone instead. His complaint disclosure shows one complaint since 2021, resolved, though the annual table only begins six years after his registration itself, and his monthly data has not been updated since July 2026. Several social links on the site, including Instagram and LinkedIn, do not lead anywhere.
Prabhat Mittal has held SEBI Research Analyst registration INH000001915 since 12 October 2015, based in Bhopal, Madhya Pradesh, one of the longer-standing individual registrations reviewed on this site.
The registration is genuine, and the pricing behind it is comfortably compliant with the SEBI fee cap.
What is worth knowing before you subscribe is that there is no way to pay directly through the website itself.
This page works through the registration, the pricing, the subscription process, the complaint disclosure, and the social media presence worth double-checking before you rely on it.
Prabhat Mittal Review
Prabhat Mittal describes himself as a technical analyst and trader who entered the stock market as a trader in 2004, developing an interest in technical analysis and market movements after experiencing losses of his own.
His research centres on stock market trading calls built on technical analysis, aimed at both traders and HNI clients, covering cash stock calls, Nifty and Bank Nifty F&O, stock F&O, and combination packages spanning intraday and short-term positional trades.
For F&O services, the site states stop-loss and target levels and recommends traders carry the capacity for 3 to 4 futures lots, with positional calls generally described as an 8 to 10 day view.
Beyond the website itself, Mittal appears regularly as a named, quoted source in mainstream financial press, including Investing.com and Stocktwits, offering specific technical calls on individual stocks with stated entry levels and stop losses.
That is a more independently verifiable form of public presence than the social media testimonials several other firms in this sector rely on, since it appears on platforms he does not control.
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 covered in full further down this page.
Is Prabhat Mittal SEBI Registered?
Yes, and INH000001915 is confirmed independently across multiple sources, including SEBI’s own published Research Analyst lists.
| Detail | Information |
| Name | Prabhat Mittal |
| SEBI Registration Number | INH000001915 |
| BSE Enlistment No. | 5123 |
| Validity | 12 October 2015, Perpetual |
| Address | HIG 102, Narmada Apartment, Aakriti Enclave, Trilanga, Bhopal, Madhya Pradesh 462039 |
| Correspondence Address | Same as registered address |
| Contact Person | Prabhat Mittal |
What the INH Prefix Permits
The INH prefix marks a Research Analyst. It permits publishing research and issuing recommendations to a subscriber base.
It does not permit personalised advice built around an individual client’s income, goals or holdings, trade execution, or portfolio management.
Prabhat Mittal Pricing and the ₹1,51,000 SEBI Fee Cap
This is a genuinely clean result, and it is worth stating plainly.
A Research Analyst may charge a maximum of ₹1,51,000 per annum per family for individual and HUF clients who are not accredited investors.
The Published Price List
| Plan | Monthly | Quarterly | Yearly |
|---|---|---|---|
| Investors Hub | Not offered | ₹20,000 | ₹60,000 |
| Traders Combo Pack | ₹12,000 | ₹30,000 | ₹90,000 |
| Traders Index F&O | ₹10,000 | ₹25,000 | ₹75,000 |
| Traders Stock F&O | ₹10,000 | ₹25,000 | ₹75,000 |
Every plan stays under the ceiling on every cycle it offers.
The highest annualised figure, Traders Combo Pack billed monthly, comes to ₹1,44,000, still under the limit, though only by ₹7,000, closer to the edge than the other three plans.
On any single plan, this pricing is fully compliant.
Holding two plans at once is worth a moment’s arithmetic regardless: Investors Hub at its yearly rate plus Traders Combo Pack at its yearly rate together come to ₹1,50,000, just under the ceiling, but adding any third plan on top of that combination would cross it.
If you are considering more than one plan, add the totals together before assuming you remain within the limit.
Also Read: Rohan Sunil Shinde has a plan priced “per year” that actually runs a maximum of three months.
Why Is There No Direct Payment Option on the Website?
None of the four plans carry a “Pay Now” button or any other direct payment interface.
Subscribing requires contacting Prabhat Mittal directly through WhatsApp or phone instead.
This limits transparency around how payment is actually collected.
Without an official payment interface on the site itself, a prospective client cannot see a receipt trail, a standard payment gateway, or documentation of the transaction terms before reaching out directly.
This is not evidence of anything improper on its own, and contacting an individual analyst directly before subscribing is common practice at this scale.
It does mean the burden falls on you to get everything in writing.
Before paying anything over WhatsApp or by phone, request the exact plan, price, and payment details in writing, and keep that record along with confirmation of which account or number payment should go to.
What Does Prabhat Mittal’s Complaint Data Show?
The record here is light, and one presentation gap is worth understanding alongside it.
Annual Complaint Trend
| Financial Year | Received | Resolved | Pending |
|---|---|---|---|
| 2021-22 | 0 | 0 | 0 |
| 2022-23 | 0 | 0 | 0 |
| 2023-24 | 0 | 0 | 0 |
| 2024-25 | 1 | 1 | 0 |
| 2025-26 | 0 | 0 | 0 |
| Grand Total | 1 | 1 | 0 |
One complaint since 2021, received and resolved in FY2024-25, with nothing pending. That is a light record, and it deserves to be read that way.
Two things are worth knowing alongside it. The registration itself dates to 2015, but the annual complaint table only begins in 2021-22, leaving six years with no disclosed data at all.
And the most recent monthly data published covers July 2026, with nothing shown since, past SEBI’s requirement that complaint data be refreshed monthly.
Neither of these changes the substance of what has been disclosed- one complaint, resolved- but they mean the full picture cannot be confirmed from the site as it currently stands.
The disclosure also does not describe what the one recorded complaint concerned, which limits how much can be read into it either way.
Is Prabhat Mittal’s Social Media Presence What It Appears to Be?
A few points here are worth checking directly rather than taken at face value.
1. The Facebook Page Shows Only The Calls That Worked
The linked Facebook account displays trades where the recommendation played out favourably.
Showing only successful calls, without the ones that did not work out, creates an impression of consistent accuracy that a balanced record would not necessarily support.
This is a common pattern across the sector rather than something specific to this firm, and it is worth remembering that any single platform’s curated highlights are not the same as a full track record.
2. Instagram And LinkedIn Links Do Not Open
The site displays icons and links for both platforms, but neither leads to an accessible profile.
This makes it impossible to verify the claimed presence on either platform from the website itself.
3. The Telegram Channel Has No Direct Link Anywhere
Several of Mittal’s videos direct viewers to message him on WhatsApp in order to be added to a Telegram channel, but no direct link to that channel appears on the website or his official YouTube page.
Before joining any Telegram channel through a WhatsApp referral, confirm it is genuinely his official channel rather than assuming it based on the referral alone.
4. Older Testimonials Carry Return-Oriented Language
The site displays client reviews dating back to roughly 2016 through 2021, including statements such as growing an account within about a year.
Testimonials this old say little about current performance, and language highlighting account growth is the kind of promotional statement SEBI’s advertising standards for Research Analysts caution against regardless of how long ago it was posted.
Also Read: Research Samrat Insights with a “100% Trusted Platform” claim sitting next to a pricing page that breaks fee cap when annualised.
How to File a Complaint Against Prabhat Mittal?
Given how light this firm’s disclosed complaint history is, most concerns here are likely to involve the subscription and payment process rather than an established pattern of conduct.
Start by getting the plan, price, and payment details confirmed in writing if you subscribed through WhatsApp or phone, since none of that is documented through the website itself.
Keep any payment confirmation and the account or number it went to.
Send your grievance to RA firm’s email ID, describing what you were told, what you paid, and what you want resolved.
Keep the sent record regardless of what comes back.
If the response is not satisfactory, escalation runs through a specific set of channels, and each one exists for a different stage of the dispute rather than as alternatives to pick from.
- SEBI SCORES: File your complaint on the SEBI SCORES complaint portal. This is where your grievance officially enters the regulator’s system and gets tracked.
- SMART ODR: Move to structured conciliation through the SMART ODR portal if SCORES does not resolve it. A trained conciliator steps in at this stage to help both sides reach common ground.
- Arbitration: Where conciliation still does not settle it, arbitration in stock exchange proceedings end in a binding, enforceable award. This is where the dispute is finally settled, and the decision holds regardless of the outcome for either side.
Knowing what each stage actually does makes it easier to know where you stand if you ever need to use them.
If you want to know the full process in detail, check our guide complaint against SEBI registered research analyst.
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Disclaimer
This page is based on Prabhat Mittal’s own published material and the SEBI intermediary register, current as of September 2026, and alleges no wrongdoing since no SEBI order stands against him.
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
Prabhat Mittal holds a genuine SEBI Research Analyst registration, INH000001915, active since 2015, with pricing that stays comfortably compliant with the SEBI fee cap across every plan and a complaint record limited to a single resolved case.
Where caution is warranted is the subscription process itself.
There is no direct payment option on the site, so get the plan, price and payment terms in writing before paying anything over WhatsApp or by phone, and verify any Telegram channel referral independently before joining.
Report. Recover. Stay Fraud Free.
Frequently Asked Questions
Yes. It is registered to Prabhat Mittal from 12 October 2015 and is perpetual, one of the longer standing individual registrations reviewed on this site. Confirm it directly on the SEBI register rather than relying on the website alone.
No. Every plan stays under ₹1,51,000 on every cycle it offers. Combining two plans can bring you close to the ceiling, so add the totals together if you are considering more than one.
There is no direct payment option on the website. Subscribing requires contacting Prabhat Mittal through WhatsApp or phone, so get the plan, price and payment details confirmed in writing before paying anything.
There is no direct link to it on the website or his official YouTube page. Confirm any channel you are added to through a WhatsApp referral is genuinely his official one before relying on it.
His disclosure shows one complaint since 2021, resolved, with nothing pending. The annual table does not cover the six years before that, and the nature of the one recorded complaint is not disclosed.
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