Sai Proficient complaints have increased online over the last few years. Many users claimed they suffered losses after taking the company’s advisory services.
Several traders alleged that the company pushed expensive packages and gave loss-making calls. Some users also claimed executives kept asking for more money even after losses.
The matter became more serious after SEBI also passed regulatory orders against Sai Proficient and its proprietor, Meeshika Vishwakarma.
In this blog, we will look at Sai Proficient’s details, SEBI action against the company, major user complaints, and what retail traders should learn before joining any research advisory service.
Sai Proficient Details
Many users ask is Sai Proficient SEBI registered before subscribing to its services.
Sai Proficient Research Investment Advisory operated as a SEBI-registered Investment Adviser under registration number INA000002504.
The firm was operated by Meeshika Vishwakarma from Indore, Madhya Pradesh. The company offered stock market advisory services and different trading packages for retail traders.
| Company Name | Sai Proficient Research Investment Advisory |
| Proprietor | Meeshika Vishwakarma |
| Registration Type | Investment Adviser (IA) |
| SEBI Registration Number | INA000002504 |
| Location | Indore, Madhya Pradesh |
Over time, many traders started posting negative reviews online about their experience with the company.
SEBI Action Against Sai Proficient
SEBI later took action against Sai Proficient after investor complaints were received.
According to regulatory proceedings, SEBI found issues related to misleading advertisements, assured-return style claims, investor grievance handling, and collection of money through another entity.
The regulator also observed promotional claims involving very high accuracy percentages and “sure profit” style marketing.
The proceedings finally resulted in:
- market restrictions
- Rs 19 lakh monetary penalty
- one-year suspension of registration
The case became an important reminder that even SEBI-registered advisers can later face action if compliance rules are violated.
Sai Proficient User Complaints
Many users have shared negative experiences online about Sai Proficient Research Investment Advisory. These complaints are from public Google Reviews and represent personal experiences shared by users.
Here are some of the major complaints posted by traders:
1. User Claimed Company Kept Asking for More Money
One reviewer claimed the company first sold a service package for Rs 7,500.
According to the user, the service did not work properly, and another executive later convinced him to upgrade to a Rs 21,000 package.
The reviewer alleged that even after paying more money, proper calls were not provided, and profits were almost negligible.
The user further claimed that by month-end, executives again pushed for another “Platinum” package by promising better service.
According to the complaint, the user ended up paying nearly Rs 45,000 in total while overall trading losses reached around Rs 55,000.
The reviewer accused the company of mainly focusing on collecting money through repeated package upgrades.
2. Allegations of Losses and Continuous Payment Demands
Another trader described Sai Proficient as a fraudulent company and claimed to have lost around Rs 34,000 within just two trading days.
The reviewer alleged that despite continuous losses, company representatives kept demanding more money for services. The user claimed the recommendations only resulted in losses while executives continued asking for additional payments.
The reviewer also urged other investors to file complaints against the company with SEBI.
3. Loss of Rs 1.5 Lakh in a Few Sessions
Another complaint came from a trader who claimed to have known the company for more than two years.
According to the review, the user lost around Rs 1.5 lakh within 6–7 trading sessions. The reviewer claimed the company provided calls with unrealistic targets, and the subscription fees became an additional burden on top of trading losses.
The user finally stated they would never trade with the company again.
4. Almost Every Call Hit Stop Loss
One reviewer claimed to have suffered losses of nearly Rs 5 lakh within a week after following Sai Proficient’s recommendations.
According to the complaint, almost every trade ended in a stop loss. The user further alleged that after the losses happened, company representatives stopped answering calls for several days.
The reviewer claimed the same cycle repeated again later with fresh calls and fresh stop losses.
The user strongly advised others not to subscribe to the advisory service.
5. Abusive Behaviour From Executives
Another serious complaint involved allegations of abusive behaviour from company representatives.
The reviewer claimed executives continued demanding money even after losses. The user also alleged that one employee behaved abusively and used offensive language during communication.
According to the complaint, this behaviour happened while the reviewer was admitted to a hospital.
The user further claimed to have WhatsApp chats saved as proof of the conversation.
What Retail Traders Should Learn From These Complaints?
Not every bad review automatically proves wrongdoing. Losses are a normal part of stock market trading.
But when almost all users repeatedly complain about similar things like heavy losses, pressure to upgrade packages, and constant demands for more money, traders should be careful.
Many retail investors make the mistake of trusting confident sales executives without properly understanding the risks involved.
Before joining any advisory service, traders should always verify the company’s SEBI registration, read reviews carefully, and understand that nobody can guarantee profits in the stock market.
It is also important to avoid paying large fees just because someone promises recovery of previous losses.
How To Complaint Against SEBI Registered Investment Advisor?
If you face misleading promises, repeated losses, pressure for more payments, or poor support from a research advisory firm, it is important to take proper action step by step.
Here is the process you can follow:
1. Save Every Proof
Before filing any complaint, collect and save all evidence related to the advisory service.
This includes:
- payment receipts
- bank transaction screenshots
- WhatsApp chats
- Telegram messages
- emails
- call recordings
- screenshots of trading calls and recommendations
Many investors fail to keep proper records. Without proof, it becomes difficult to support your complaint later.
2. Write a Formal Complaint to the Company
Before approaching SEBI, first send a written complaint directly to the advisory firm.
Clearly mention:
- the service you purchased
- amount paid
- problems faced
- losses suffered
- the resolution you want
Send the complaint through email or WhatsApp and keep screenshots of the communication.
This creates an official complaint record.
3. File a Complaint in SCORES
If the company does not resolve the issue properly, the next step is filing a complaint on SEBI SCORES.
SCORES is SEBI’s online grievance platform for investors.
While filing the complaint:
- Explain the issue properly.
- Attach all supporting documents.
- Upload payment proofs and chats.
- Mention dates clearly
A detailed complaint usually gets better attention than a short emotional message.
4. Lodge a Complaint with SMART ODR
If the complaint remains unresolved, investors can escalate the matter through SMART ODR.
SMART ODR is SEBI’s online dispute resolution platform.
It helps investors and intermediaries resolve disputes through online meetings, conciliation, and mediation processes.
The entire process is structured and officially documented.
5. Arbitration in Share Market
If the financial loss is large and proper evidence is available, investors may also explore arbitration proceedings where applicable.
Arbitration is more formal and can help in disputes involving financial losses caused by advisory-related issues.
Before starting arbitration, it is better to organise all records properly.
Need Help?
If you subscribed to Sai Proficient’s services and faced losses or misleading conduct, professional guidance can help you organise your complaint properly.
We offer proper guidance regarding your next steps, which includes:
- organising evidence
- preparing complaint drafts
- filing SCORES complaints
- guidance for dispute resolution proceedings
A properly documented complaint usually carries much more value than emotional allegations without supporting proof. And, if you need help to organise your complaint properly, register with us now.
Conclusion
Sai Proficient Research Investment Advisory has faced both regulatory action from SEBI and many negative complaints from retail traders online.
Several users alleged repeated losses, pressure to buy expensive packages, poor support after losses, and misleading sales talks. SEBI proceedings also later identified multiple compliance concerns involving promotional practices and investor protection issues.
For retail traders, the biggest lesson is simple. Never trust any advisory company only because of confident sales talks or promises of high returns.
Always verify the company’s registration, read complaint history carefully, and understand the risks involved before paying for any stock market advisory service.
