Quick Summary
Rakesh Bansal Ventures has received 17 complaints since 2021 according to its own SEBI disclosure, all marked resolved, with complaint volume rising sharply from 1 in FY2023-24 to 9 in FY2025-26. The firm’s own mobile app carries a 3.8 star rating, and five named user reviews describe recurring bugs, a purchased course disappearing from the app, options and mentorship results the reviewer says underperformed a low return mutual fund, and one account alleging the app collects data it should not need. A complaint count that climbs from 1 to 9 in two years, alongside a mobile app sitting at 3.8 stars, describes a firm whose public reputation and its regulatory paper trail do not always point the same direction.
Rakesh Bansal Ventures’ own mandatory disclosure records 17 complaints received since 2021, every one marked resolved.
Five named reviewers on the firm’s own app rating page describe a more mixed experience than that clean resolution figure suggests on its own.
This page works through the complaint disclosure in full, along with every named app review available, so the numbers and the individual accounts can be read side by side rather than one standing in for the other.
What Does Rakesh Bansal Ventures’ Complaint Disclosure Show?
Every SEBI-registered Research Analyst must publish complaint data, and here the record is old enough to show a genuine trend rather than a snapshot from a single year.
Monthly Complaint Data
| Month | Carried Forward | Received | Resolved | Pending |
|---|---|---|---|---|
| April 2026 | 0 | 0 | 0 | 0 |
| May 2026 | 0 | 0 | 0 | 0 |
| June 2026 | 0 | 1 | 1 | 0 |
| July 2026 | 0 | 0 | 0 | 0 |
| Grand Total | 0 | 1 | 1 | 0 |
Annual Complaint Disposal
| Financial Year | Received | Resolved | Pending |
|---|---|---|---|
| 2021-22 | 0 | 0 | 0 |
| 2022-23 | 0 | 0 | 0 |
| 2023-24 | 1 | 1 | 0 |
| 2024-25 | 6 | 6 | 0 |
| 2025-26 | 9 | 9 | 0 |
| 2026-27 | 1 | 1 | 0 |
| Grand Total | 17 | 17 | 0 |
The firm’s own disclosure adds one further note worth reading exactly as written: 5 of the 6 complaints received in FY2024-25 came from the same complainant.
What These Figures Actually Show, Taken One at a Time
The numbers on their own tell one story, but each figure carries its own context worth unpacking separately.
Read individually, they show a more complicated picture than the headline total suggests.
1. The Disclosure Is Behind Its Own Reporting Schedule
The most recent monthly data published is for July 2026.
As of September 2026, that leaves August unaccounted for, a gap against SEBI’s requirement that complaint data be refreshed by the 7th of the following month.
2. Complaint Volume Has Grown Sharply Year Over Year
From 1 complaint in FY2023-24, the count rose to 6 in FY2024-25 and 9 in FY2025-26, roughly a sixfold increase across two years before the repetitive complaint note is even factored in.
That growth trend is worth weighing on its own, separate from how each complaint was ultimately closed.
3. The Repetitive Complaint Note Cuts In Two Directions At Once
Five of six complaints in FY2024-25 coming from a single complainant does mean the underlying number of distinct investors who complained that year is smaller than the raw count suggests.
It also raises a fair question the disclosure does not answer: why did the same client need to raise the same concern more than once, rather than have it resolved the first time it was reported.
Repetition can inflate a headline number, and it can also be a sign that a genuine issue was not actually fixed on the first attempt.
4. A Resolved Complaint Is Not the Same as a Satisfied Complainant
All 17 complaints are marked resolved, with none pending.
The disclosure gives no detail on what any complaint concerned, what corrective action was taken, or how the repeat complainant’s underlying issue was eventually addressed.
A zero pending figure confirms the file was closed. It does not by itself confirm the investor’s concern was actually fixed to their satisfaction.
What Do App Users Say About Rakesh Bansal Ventures?
The firm’s mobile app, used to deliver research alerts and community features to subscribers, carries a 3.8-star rating.
Five named one-star reviews sit at the negative end of that spread, and each raises a distinct concern worth reading on its own terms rather than folded into a single impression.
A 3.8-star average across a presumably larger base of ratings means these five accounts represent the more critical end of user experience rather than the full picture.
They are still worth reading individually, since each describes a specific and different problem.
1. Devshree Purohit, 19 August 2026, Describes a Persistently Buggy App
This reviewer describes the app as consistently bugged, stating they have been disappointed by its updates and have had to repeatedly uninstall and reinstall it just to get it working again.
2. Anish Gupta, 24 June 2026, Describes a Purchased Course Disappearing Entirely
This reviewer states that a specific paid course, which they name, was removed completely from the app along with what they describe as their coins, calling the overall experience the worst app they have used.
Losing access to previously purchased content is a materially different complaint from a bug or a crash, since it concerns something the user had already paid for.
3. Nishit Jain, 19 May 2025, Describes Underperformance Across Two Paid Services
This reviewer describes subscribing to both an Options service and a Mentorship program, and states the experience was extremely disappointing on both.
They report the Options tips led to consistent losses with performance they describe as far below average, and state the Mentorship program’s return was worse than what they characterise as a low-performing mutual fund.
Given the subscription cost involved, they conclude the value was not justified and recommend thorough research before subscribing.
4. Ved Parkash, 19 August 2026, Reports the App Stopped Working After an Update
This is a brief review stating simply that the app stopped functioning following a recent update, without further detail on which feature was affected.
5. Rushikesh Borkhataria, 29 May 2024, Raises a Data Collection Concern
This reviewer describes the app as corrupt in their own words, stating it requests extensive personal information during setup and then does not allow the user to proceed past that point.
They state their belief that the app’s real purpose is collecting and selling that data, and warn other users to be cautious. This review was marked helpful by 11 people.
We are reporting what this user believes and states in a public review. We are not independently verifying this specific claim about data handling, and no SEBI order or other regulatory finding confirming this allegation has been issued as of this writing.
What About the Testimonials Displayed on the Firm’s Own Site?
Separately from the independent app reviews above, the firm’s own website prominently displays positive client testimonials.
Displayed this way, testimonials can create a strong impression of consistent client success without offering any independent evidence of what a typical subscriber actually experiences, since a firm naturally selects which testimonials to publish.
Read the testimonials on the site as marketing material curated by the firm itself, and weigh them against the independently posted app reviews above, which were not selected or curated by Rakesh Bansal Ventures.
How to File a Complaint Against Rakesh Bansal Ventures?
If your own experience matches any of the patterns described above, a written record naming the specific plan, the amount paid, and what you were told gives you firmer ground than a general complaint about service quality.
Contact the firm directly at the firm’s email, describing what happened and what resolution you are seeking, and keep the sent record.
If your concern involves a payment made through Exly, Smallcase, or another third-party checkout page, include that platform’s own transaction reference in your complaint as well.
If a direct approach does not resolve things, escalation runs through the regulator’s own channels, each built for a different stage of the same dispute.
1. SEBI SCORES: File your complaint on the SEBI SCORES complaint portal.
2. SMART ODR: Move to structured conciliation through the SMART ODR portal if SCORES does not resolve it.
3. Arbitration: Where conciliation still does not settle it, arbitration in stock exchange proceedings ends in a binding, enforceable award.
Each of these steps exists for a reason, and skipping straight to the last one rarely helps.
If you want to know the full process in detail, check our guide complaint against SEBI registered research analyst.
Registration, the fee cap math and the third party payment question sit on a separate page.
Our Rakesh Bansal Ventures page is worth reading if your concern involves what you were actually charged rather than the service itself.
Mentorship underperformed, or lost access to paid content?
We build your case around your own payment records and app history, and put the specific promise or plan involved on record in a form the analyst has to respond to. Register with us for a free read on your situation.
Disclaimer
This page is based on Rakesh Bansal Ventures’ own published complaint disclosure and named public app reviews, reported rather than independently verified, current as of September 2026.
No SEBI order stands against the firm as of this writing. Verify current figures at source before acting, and treat this page as research, not legal or investment advice.
Conclusion
Rakesh Bansal Ventures’ complaint disclosure shows 17 complaints since 2021, all resolved, with a growth pattern that climbed sharply through FY2024-25 and FY2025-26 before a note about repetitive complaints from a single client complicates the raw count.
Five named app reviews describe a persistently buggy experience, a lost paid course, underperformance across an options and mentorship subscription, and one serious allegation about data handling that has not been independently confirmed.
Read against the firm’s own curated testimonials, these independently posted accounts are worth weighing directly rather than being dismissed as unrepresentative outliers.
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Frequently Asked Questions
Its own disclosure shows 17 complaints since 2021, all marked resolved, with volume rising from 1 in FY2023-24 to 9 in FY2025-26.
It means the number of distinct investors who complained that year is smaller than the headline count, but it also raises a fair question about why the same client's concern was not resolved the first time they raised it.
Not necessarily. A 3.8 average across a larger rating base suggests most users rate the app more positively, and the five reviews covered here represent the critical end of that spread rather than a full picture.
No. It is reported here as a named user's stated belief, not independently verified, and no regulatory finding on the matter exists as of this writing.
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