Quick Summary
Ritesh Gupta operates Worthwhiz Financial Services, a SEBI registered Research Analyst carrying INH000014775, active since February 2024 and based in Indore, Madhya Pradesh. Checking the published prices against the SEBI fee ceiling after removing GST shows the weekly and monthly billing cycles breach the limit, while the quarterly, half yearly and yearly cycles all stay compliant, the reverse of what reading the yearly figure on its own would suggest. The firm’s monthly complaint trend shows real activity in April, May and June 2026, none of which appears in either the current complaint summary or the annual disclosure table, both of which stop at the prior financial year.
Ritesh Gupta operates Worthwhiz Financial Services, carrying registration INH000014775, based in Indore, Madhya Pradesh.
The registration is genuine. The pricing page needs a closer look than its headline figures suggest, since checking the correct base price against the SEBI ceiling produces a different picture than reading the GST-inclusive numbers directly.
This page works through the registration, the pricing against the ₹1,51,000 SEBI cap once GST is properly removed, a financial year missing from the complaint disclosure, and the marketing language worth a second look.
Ritesh Gupta Review
Worthwhiz Financial Services provides research-based information and guidance on the Indian stock market, combining fundamental and technical analysis across equity, index trading, options and MCX commodities.
Its four services, Cash Flow Equity, Options Plus Signals, Smart Index Traders and MCX Master, are positioned for different types of market participants, described as suited to aggressive, moderate and conservative traders depending on the service and its associated risk level.
Recommendations include entry, exit, target and stop loss levels, delivered through SMS and live support.
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 Ritesh Gupta SEBI Registered?
Yes, and INH000014775 is confirmed independently on SEBI’s own published Research Analyst list.
| Detail | Information |
|---|---|
| Name | Ritesh Gupta, Proprietor of Worthwhiz Financial Services |
| SEBI Registration Number | INH000014775 |
| Validity | 9 February 2024, Perpetual |
| Registered Address | Office No. 614, 6th Floor, Krishna Business Centre, Plot No. 11, PU4 Scheme No. 54, Indore, Madhya Pradesh 452010 |
| Correspondence Address | Same as registered address |
| Contact Person | Ritesh Gupta |
| Email Name | riteshgupta3202 |
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.
The Website Lists a Second Address
The site separately references a SEBI address at Satguru Parinay, AB Road, Indore, different from the office address displayed elsewhere on the same site and from the address on the SEBI register itself.
Confirm the address directly against the SEBI intermediary register before relying on either version shown on the website.
Worthwhiz Financial Services Pricing and the ₹1,51,000 SEBI Fee Cap
This is where a careful reading matters, because taking the published yearly price at face value gives a misleading answer.
A Research Analyst may charge a maximum of ₹1,51,000 per annum per family, excluding GST, for individual and HUF clients who are not accredited investors.
Every price on this firm’s site includes 18 percent GST, so the base figures below are the ones that should be checked against the ceiling, which itself excludes statutory charges.
The Published Price List
All four services, Cash Flow Equity, Options Plus Signals, Smart Index Traders, and MCX Master, share an identical price structure.
| Cycle | Price, GST Included | Base Price |
|---|---|---|
| Weekly | ₹5,900 | ₹5,000 |
| Monthly | ₹17,110 | ₹14,500 |
| Quarterly | ₹43,660 | ₹37,000 |
| Half Yearly | ₹83,780 | ₹71,000 |
| Yearly | ₹1,65,200 | ₹1,40,000 |
Yearly Figure, Read Correctly, Is Actually Compliant
The yearly price, ₹1,65,200 including GST, works out to ₹1,40,000 once GST is removed, which sits ₹11,000 under the ₹1,51,000 ceiling.
Reading the GST-inclusive figure directly against the cap makes the yearly plan look like a breach when it is not, since the ceiling excludes statutory charges and the GST-inclusive price should never be compared to it directly.
Weekly and Monthly Cycles are Where the Real Breach Sits
| Cycle and Renewal | Annualised (Base) | Against the Cap |
|---|---|---|
| Weekly, renewed 52 times | ₹2,60,000 | Over by ₹1,09,000 |
| Monthly, renewed 12 times | ₹1,74,000 | Over by ₹23,000 |
| Quarterly, renewed 4 times | ₹1,48,000 | Under by ₹3,000 |
| Half-yearly, renewed twice | ₹1,42,000 | Under by ₹9,000 |
| Yearly | ₹1,40,000 | Under by ₹11,000 |
Renewed continuously across a year, the weekly and monthly cycles both breach the ceiling, with the weekly cycle by a wide margin.
The quarterly, half-yearly, and yearly cycles all stay compliant, with the quarterly cycle sitting closest to the edge at only ₹3,000 under.
This is the reverse of what a quick read of the pricing page might suggest.
The largest single number on the page, the yearly price, is the one that actually complies. If you are billed weekly or monthly on any of the four services, add up your real annual total and compare it to ₹1,51,000, since that is where the breach actually sits.
One protection applies regardless of the cycle chosen.
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.
All Four Services are Priced Identically
Cash Flow Equity, Options Plus Signals, Smart Index Traders, and MCX Master, spanning equity, stock options, index options, and commodities, all carry the same price at every cycle.
As with other firms priced this way, it is worth asking directly what distinguishes each service for the same fee, since the site does not explain the reasoning behind uniform pricing across genuinely different market segments.
Also Read: Radheshyam Dandare has one quarterly plan priced at the entire ₹1.51 lakh annual SEBI limit.
What Does Worthwhiz Financial Services’ Complaint Data Show, and What Is Missing From It?
The complaint tables here reconcile cleanly for the periods they actually cover.
The problem is that the most recent financial year is not covered at all.
Complaint Data by Source
| Source | Period | Received | Resolved | Pending | Avg. Resolution Time |
|---|---|---|---|---|---|
| SEBI (SCORES) | 2024-25 | 1 | 1 | 0 | 5 days |
| SEBI (SCORES) | 2025-26 | 4 | 3 | 1 | 10 days |
| Directly from Investors | 2024-25 | 0 | 0 | 0 | 0 days |
| Directly from Investors | 2025-26 | 0 | 0 | 0 | 0 days |
| Grand Total | Both years | 5 | 4 | 1 | 15 days |
Yearly Complaint Trend
| Year | Received | Resolved | Pending |
|---|---|---|---|
| 2024-25 | 1 | 1 | 0 |
| 2025-26 | 4 | 3 | 1 |
Monthly Complaint Trend, Months with Activity
| Month | Received | Resolved | Pending |
|---|---|---|---|
| November 2025 | 2 | 1 | 0 |
| December 2025 | 0 | 1 | 0 |
| January 2026 | 1 | 0 | 1 |
| March 2026 | 1 | 1 | 1 |
| May 2026 | 1 | 1 | 1 |
| June 2026 | 1 | 0 | 2 |
Where the Two Years Shown Do Reconcile
The months falling inside FY2025-26, November 2025 through March 2026, sum to 4 complaints received and 3 resolved, matching the annual table’s 2025-26 row exactly.
This is a genuinely clean reconciliation, and it deserves to be stated plainly.
What Financial Year 2026-27 Shows, and Why It Matters that It is Missing
May 2026 and June 2026 both fall inside FY2026-27, which began in April 2026.
Together, they show 2 complaints received and 1 resolved.
Neither the current complaint summary table nor the yearly trend table includes any row for FY2026-27 at all.
Both stop at 2025-26, even though the firm’s own monthly disclosure shows activity well past that point.
A prospective client checking only the summary or annual tables would see a grand total of 5 complaints and conclude that is the complete picture.
It is not. At least 2 additional complaints, visible only in the monthly trend, are not reflected in either of the other two disclosures.
The most recent monthly data itself only extends through June 2026, leaving July and August unaccounted for as of this writing in September, past SEBI’s requirement that this data be refreshed by the 7th of the following month.
Also Read: Rupesh Raj has 7 complaints overall, but the annual figures show two complaints in completely different financial years.
What Marketing Claims on Ritesh Gupta’s Website Need More Attention?
A few items on the site are worth reading with the same care applied to the pricing above.
1. Return-oriented Language Across Multiple Services
The homepage promotes “safe and accurate” opportunities and states the firm helps investors “gain returns” toward their financial goals.
Cash Flow Equity is separately described as helping clients “achieve the returns you deserve,” Options Plus Signals is positioned around “maximizing returns,” and Smart Index Traders is described as creating “profitable opportunities.”
This is a considerable volume of outcome-oriented language across a single site.
2. A Scope Description That Contradicts Itself
The site states its services are research only and do not provide personalised investment advice.
Elsewhere, it states that its experts help clients build “personalized investment strategies” and guide them through wealth creation, risk management and tax efficiency.
These two descriptions do not sit easily together, and it is worth asking directly which one actually describes what you would receive as a subscriber.
3. Testimonials That Read Almost Identically To Each Other
The site displays five client testimonials describing the firm’s transparency and regulatory alignment.
All five use closely similar wording. Testimonials this uniform provide limited independent insight into what different clients actually experienced.
4. Social Media Icons That Lead To Login Pages, Not Profiles
The Facebook, Instagram, LinkedIn, and X icons on the site redirect to each platform’s general login page rather than the firm’s actual profile.
This makes it impossible to verify the firm’s claimed social media presence through the website itself, and the effect reads more as a credibility signal than a working link to real content.
How to File a Complaint Against Ritesh Gupta?
Given the specific pricing and disclosure findings above, a complaint here has firmer, more documentable ground than a dispute over research quality alone.
Start by checking which billing cycle you are on. If it is weekly or monthly, add up your actual annual total and compare it to ₹1,51,000.
Ask the firm directly to publish or confirm its FY2026-27 complaint figures, since the monthly trend shows activity that the summary and annual tables do not include.
Send your grievance to the RA’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.
1. SEBI SCORES
Begin by submitting your grievance through the SEBI SCORES complaint portal.
Include the relevant details of your complaint along with any supporting documents that may help explain the matter.
2. SMART ODR
If the issue remains unresolved after approaching SCORES, you can take the matter forward through the SMART ODR portal for structured conciliation.
3. Arbitration
If conciliation does not result in a settlement, the dispute can proceed to arbitration through the stock exchange, where the process may conclude with a binding and enforceable award.
If you want a detailed explanation of the complete complaint procedure, including the different stages involved, refer to our guide on filing a complaint against a SEBI-registered research analyst.
Billed weekly or monthly and unsure of the total?
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Disclaimer
This page is based on Worthwhiz Financial Services’ own published material and the SEBI intermediary 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
Ritesh Gupta’s Worthwhiz Financial Services holds a genuine SEBI Research Analyst registration, INH000014775, active since February 2024.
Once GST is correctly removed from the published prices, the yearly plan is compliant with the SEBI fee ceiling, while the weekly and monthly cycles are the ones that actually breach it, with the weekly cycle by a wide margin.
Its complaint disclosure reconciles cleanly for the two financial years it covers, but omits real activity from FY2026-27 that its own monthly trend already shows.
Before subscribing on a weekly or monthly cycle, work out the real annual cost using the base price, not the GST-inclusive figure, and ask the firm to confirm its current financial year complaint count directly.
Report. Recover. Stay Fraud Free.
Frequently Asked Questions
Yes. It is registered to Ritesh Gupta, operating as Worthwhiz Financial Services, from 9 February 2024 and is perpetual. Confirm it directly on the SEBI register rather than relying on the website alone.
No. Once GST is removed, the yearly price works out to ₹1,40,000, under the ₹1,51,000 ceiling. The weekly and monthly cycles are the ones that actually breach it once renewed across a year.
Weekly and monthly. Both breach the ceiling when renewed continuously across a year. Quarterly, half yearly and yearly all stay compliant, with quarterly sitting closest to the limit.
Its monthly trend shows 2 complaints received and 1 resolved in FY2026-27, but neither the current summary table nor the annual disclosure includes any figures for that year. Ask the firm to confirm the current total directly.
Read them with some caution. All five displayed testimonials use closely similar wording, which limits how much independent insight they actually provide into different clients' experiences.
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