Quick Summary
S R Research Analytics is a SEBI registered Research Analyst carrying INH000016232, led by Gopal Majumdar and based in HSR Layout, Bengaluru. Every one of the firm’s twelve pricing plans, across three distinct price tiers spanning stock cash, futures, options, index derivatives and commodities, breaches the ₹1,51,000 annual SEBI fee ceiling once annualised, on both the monthly and quarterly cycles offered. There is no plan on this pricing page that stays compliant. The firm’s complaint disclosure is dated 30 September 2026, roughly two weeks ahead of the date this page was reviewed, and a complaint the current summary implies arrived recently does not appear anywhere in the firm’s own month by month record.
S R Research Analytics holds SEBI Research Analyst registration INH000016232, led by Gopal Majumdar, based in HSR Layout, Bengaluru, Karnataka.
The registration is genuine. The pricing page is where the most serious problem on this site sits, and it is not limited to one or two plans.
Every price tier the firm publishes, checked across both billing cycles it offers, breaches the SEBI fee ceiling.
This page works through the registration, the complete pricing structure against the ₹1,51,000 cap, the complaint disclosure and a specific timing problem inside it, and the marketing language worth a second look.
S R Research Analytics Bangalore
S R Research Analytics describes itself as a financial market research group generating intraday and delivery-based calls in stock cash and F&O across NSE and BSE, alongside commodity research covering bullion, metals and energy traded on MCX and NCDEX.
Its stated services are supported by real-time market data, advanced charting tools, custom alerts, and automated trading strategies, with intraday recommendations described as built on technical analysis alongside consideration of market fundamentals and risk-reward ratios.
One point on the firm’s own site is worth crediting directly.
It states plainly that S R Research Analytics has its registered office in Bangalore and “WE DO NOT HAVE ANY BRANCH OFFICES.”
That is a specific, checkable statement that helps a prospective client rule out anyone claiming to represent the firm from a different location, and it is a clearer disclosure than several other firms in this sector provide.
None of what follows 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 S R Research Analytics SEBI Registered?
Yes, and INH000016232 is confirmed independently on SEBI’s own published Research Analyst list.
| Detail | Information |
|---|---|
| Name | S R Research Analytics |
| SEBI Registration Number | INH000016232 |
| Validity | 13 June 2024, Perpetual |
| Address | No. 177, AECS B Block, 60 Feet Road, Singasandra Post, Bangalore, Karnataka 560068 |
| Correspondence Address | Same as registered address |
| Contact Person | Gopal Majumdar |
| Email Name | srresearchanalytics13 |
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.
Does S R Research Analytics Pricing Follow the ₹1,51,000 SEBI Fee Cap?
This is the clearest and most extensive finding on this page. All prices on the site are quoted inclusive of GST, so the base figures below, with tax removed, are the correct ones to check against the ceiling, which itself excludes statutory charges.
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.
Pricing Structure, Grouped By Tier
Twelve plans are published across three price tiers.
Basic single-segment plans, covering Stock Cash, Stock Future, Stock Option, Index Option, and the individual Bullion, Metal, and Energy commodities, are all priced identically.
Two segment combo plans share a second identical price.
The broadest four-segment stock combo and the full commodity combo share the highest price.
| Tier | Covers | Monthly, GST Included | Quarterly, GST Included |
|---|---|---|---|
| Basic | 7 individual plans, including Stock Cash, Stock Future, Stock Option, Index Option, Gold/Silver, base metals, Crude/Natural Gas | ₹17,700 | ₹47,200 |
| Two Segment Combo | 3 combo plans | ₹29,500 | ₹76,700 |
| Full Combo | 4-segment stock combo and the full commodity combo | ₹60,180 | ₹1,78,000 |
Every Tier Breaches The Ceiling on Both Cycles
| Tier | Cycle | Base Price | Annualised | Against the Cap |
|---|---|---|---|---|
| Basic | Monthly | ₹15,000 | ₹1,80,000 | Over by ₹29,000 |
| Basic | Quarterly | ₹40,000 | ₹1,60,000 | Over by ₹9,000 |
| Two Segment Combo | Monthly | ₹25,000 | ₹3,00,000 | Over by ₹1,49,000 |
| Two Segment Combo | Quarterly | ₹65,000 | ₹2,60,000 | Over by ₹1,09,000 |
| Full Combo | Monthly | ₹51,000 | ₹6,12,000 | Over by ₹4,61,000 |
| Full Combo | Quarterly | Approx. ₹1,50,847 | ₹6,03,388 | Over by ₹4,52,388 |
There is no compliant plan on this pricing page.
Every one of the twelve plans, on every cycle the firm offers, breaches the ₹1,51,000 annual ceiling once renewed continuously across a year.
This is not a pattern where some plans are fine, and others are not. Every published price tier fails the same test.
The Basic tier’s quarterly cycle breaches by the narrowest margin, only ₹9,000 over the limit, which means even the cheapest, most conservative subscription this firm sells still exceeds what SEBI permits for an individual or HUF client.
The Full Combo tier is the sharpest figure on the page, its monthly cycle alone running to more than four times the ceiling.
One further detail is worth noting. The Full Combo’s quarterly price, ₹1,50,847 base, sits just under the annual ceiling for a single quarter, meaning a client paying for that plan once would technically stay within the limit for that single payment.
The problem only becomes visible once you check what continuing the subscription for a full year, as most clients would reasonably expect to do, actually costs.
One protection applies regardless of which plan is 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.
Pricing Page Does Not Describe What You Actually Receive
Beyond the fee cap issue, the pricing table lists only the segment and duration for each plan, without specifying the number of calls, research reports, targets, stop losses, or other deliverables included.
A prospective client comparing the Basic tier against the Full Combo tier has no way to judge, from the pricing page alone, what the roughly three and a half times price difference is actually buying beyond broader segment coverage.
What Does S R Research Analytics’ Complaint Data Show?
Two separate issues sit in this firm’s complaint disclosure, and they are worth treating one at a time.
Current Complaint Status
| Received From | Pending Last Month | Received | Resolved | Total Pending | Pending Over 3 Months | Avg. Resolution Time |
|---|---|---|---|---|---|---|
| Directly from Investor | 0 | 1 | 1 | 0 | 0 | 0 |
| SEBI (SCORES) | 2 | 0 | 2 | 0 | 0 | 16 days |
| Other Sources | 0 | 0 | 0 | 0 | 0 | 0 |
| Grand Total | 2 | 1 | 3 | 0 | 0 | 16 days |
This table’s own Grand Total row correctly sums the figures above it. It is labelled as current data “as of 30 September 2026.”
That date is roughly two weeks ahead of the date this page was reviewed, meaning the firm’s most recent complaint disclosure is dated into the future.
Monthly Disposal Trend, Months With Activity
| Month | Carried Forward | Received | Resolved | Pending |
|---|---|---|---|---|
| November 2024 | 0 | 1 | 1 | 0 |
| December 2024 | 0 | 2 | 0 | 2 |
| January 2025 | 2 | 0 | 2 | 0 |
| February 2025 through September 2026 | 0 | 0 | 0 | 0 |
| Grand Total | 2 | 3 | 3 | 2 |
Where The Current Snapshot And The Monthly Calendar Disagree
The monthly trend accounts cleanly for two of the firm’s three recorded complaints.
One complaint arrived in November 2024 and was resolved the same month. Two more arrived in December 2024, remained pending at year-end, and were resolved in January 2025.
Every month since then, all the way through September 2026, shows zero activity.
The current complaint status table separately shows 1 complaint received directly from an investor, resolved, alongside the 2 older SCORES complaints shown as pending at the start of the period.
That third complaint, the one received directly, does not correspond to any entry in the monthly trend, since every month from February 2025 onward records zero.
A complaint the current summary indicates exists has no matching month anywhere in the firm’s own calendar record.
This is worth raising directly with the firm.
Either the monthly trend is missing an entry that should exist, or the current summary is describing something that has not actually been logged into the month-by-month disclosure yet.
What Marketing Language on S R Research Analytics’s Website Needs a Closer Look?
A few presentation choices on the site are worth knowing before you subscribe.
1. Sales-Oriented Taglines Without Explaining The Service
The homepage repeats the taglines “Investment at Your Interest” and “Get Recommendations,” giving the site a sales-oriented tone without clearly explaining the actual nature and scope of the research on the homepage itself.
2. A Benefits Section With No Actual Content
A dedicated “Benefits” section exists on the homepage but does not contain meaningful information about what investors actually receive.
3. Vague Performance Language
The site describes its recommendations as helping clients “achieve sustained growth” and calls them the “finest” stock and commodity recommendations, without supporting evidence or defined performance parameters behind either claim.
None of this amounts to an explicit guarantee of returns in the way SEBI orders have treated direct profit promises.
It is the kind of language a compliance review would ordinarily flag for lacking the substance to back it up.
How to File a Complaint Against S R Research Analytics?
Given how broadly the pricing breaches the fee ceiling, a complaint here has firmer, more documentable ground than a dispute over research quality alone.
Start by working out your actual annual cost on whichever plan you hold, since every published tier exceeds ₹1,51,000 once renewed for a year.
Ask the firm directly to clarify the complaint received directly from an investor that does not appear in its own monthly disclosure, and to explain why its complaint data is dated ahead of the actual date.
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
Submit your complaint through the SEBI SCORES complaint portal.
This formally records the grievance and allows it to proceed through the regulatory complaint mechanism.
2. SMART ODR
If the matter remains unresolved through SCORES, take it forward through the SMART ODR portal for structured conciliation.
This gives the parties a formal opportunity to work toward resolving the dispute.
3. Arbitration
If conciliation does not resolve the matter, proceed with arbitration in stock exchange proceedings, which can result in a binding and enforceable award.
This provides a further dispute-resolution route when the earlier stages do not settle the issue.
For a complete step-by-step explanation, refer to our guide complaint against SEBI-registered research analyst.
Assumed your plan was within the SEBI fee cap?
We total your invoices against the ₹1,51,000 ceiling, calculate the exact excess for your specific plan, and put the figure 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 S R Research Analytics’ 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
S R Research Analytics holds a genuine SEBI Research Analyst registration, INH000016232, run by Gopal Majumdar from a single registered office in Bangalore with no branch offices, a point worth crediting directly.
Its pricing needs serious caution.
Every one of its twelve plans, across three price tiers and both billing cycles offered, breaches the SEBI fee ceiling once annualised, with no compliant option anywhere on the page.
Its complaint disclosure is dated into the future, and a complaint the current summary references has no corresponding entry in the firm’s own month-by-month record.
Before subscribing to anything, work out the real annual cost of your chosen plan and compare it to ₹1,51,000 directly, since no plan on this page currently stays within it.
Report. Recover. Stay Fraud Free.
Frequently Asked Questions
Yes. It is registered to S R Research Analytics, led by Gopal Majumdar, from 13 June 2024 and is perpetual. Confirm it directly on the SEBI register rather than relying on the website alone.
No. Every plan across all three price tiers, on both the monthly and quarterly cycles offered, breaches the ₹1,51,000 annual ceiling once renewed for a full year.
The Basic tier's quarterly cycle breaches by the narrowest margin, ₹9,000 over the limit. The Full Combo tier's monthly cycle breaches by the widest margin, more than four times the ceiling.
The site's own disclosure carries that date, which is ahead of the date this page was reviewed. Confirm the actual current complaint position directly with the firm rather than relying on the displayed date alone.
No. The firm's own site states it has no branch offices beyond its registered office in Bangalore, which is worth using to rule out anyone claiming to represent the firm from elsewhere.
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