When someone hears the words “SEBI registered”, they usually stop asking questions.
Most people assume:
- The company is safe
- The service is genuine
- Losses won’t happen
- Refunds will come if things go wrong
That assumption is dangerous.
A user who dealt with Shreenath Infotech trusted this exact belief. He paid a large fee for trading tips, followed the recommendations, and ended up with heavy losses.
When he asked for a refund, the company refused. Even today, part of his money remains stuck.
To understand what really happened, we must break this down step by step, without legal jargon and without jumping to conclusions.
Shreenath Infotech Review
According to its website, Shreenath Infotech is the SEBI-registered Research Analyst entity with the registration number INH000017976 and sole proprietorship of Sunil Yadav.
As a research analyst, it claims to offer services like
- Provides stock recommendations in Ethe quity and Commodity markets
- Helps guide investors and traders in the “right direction.”
- Understands market uncertainty and price fluctuations
- Offers paid plans for trading tips and alerts
- Is SEBI registered
At face value, this sounds like a professional market research company.
But the type of SEBI registration matters far more than the claim itself.
Shreenath Infotech Complaints
According to the user, Shreenath Infotech contacted him and introduced themselves as a SEBI-registered entity. That claim played a major role in building trust and confidence from the beginning.
The user shares that:
- The company offered a six-month trading plan
- The total fee quoted was ₹50,000 + ₹10,000 GST
- He paid ₹38,000 upfront to start the service
Once the service began, the user followed the trading tips provided by the company.
Over time, those recommendations led to a trading loss of approximately ₹50,000 in his own Upstox account.
From his perspective, the quality of guidance did not match what was discussed during the sales conversations.
After facing these losses, the user requested a refund of the fees. He explains that:
- The service did not perform as expected
- The risks were not explained clearly at the time of sale
- He believed the offering was misrepresented
The company refused the refund request.
The situation became more frustrating because:
- ₹21,000 is still on hold with the company
- The user submitted payment receipts and communication records
- He completed all formalities asked of him
- He received no clear update or resolution timeline
From the user’s point of view, a few things stand out:
- He relied heavily on the SEBI registration claim while deciding to pay
- He expected accountability when the service failed to deliver
- He did not expect an outright refusal when he raised concerns
- The pending amount made the matter feel unresolved and one-sided
For the user, the issue feels straightforward:
- Money was paid
- Losses were incurred
- A refund was requested
- Communication stalled
Cases like this often begin not with obvious fraud, but with unclear expectations, sales language that sounds stronger than the legal reality, and a lack of clarity about what SEBI registration actually covers.
What a User Should Do in Such Situations?
Such losses cause more than financial distress. They erode investor trust in entities that are SEBI-registered and expected to operate with transparency and accountability.
When services are delivered unethically or without proper safeguards, traders who place their trust in these entities often bear the consequences.
If you have faced a similar situation, it is important to act promptly. You can file a complaint aginst Research Analyst by following the steps outlined below:
1. Collect All Proof
Keep:
- Payment receipts
- Emails and WhatsApp chats
- Marketing messages
- Trading statements
2. Write to the Company Formally
Ask for:
- Written explanation
- Refund policy
- Service justification
This creates a record.
3. Lodge a Complaint in SCORES
If the response is unsatisfactory:
- File a complaint on SEBI SCORES
- Mention:
- Misrepresentation
- Service mismatch
- Refund refusal
- Attach all evidence
SEBI checks whether the company crossed regulatory limits.
Need Help?
Most people don’t lose money because of markets.
They lose money because they don’t understand the rules.
Register with us; we help people:
- Understand SEBI registrations clearly
- Identify whether a service crossed legal limits
- Prepare strong, evidence-based complaints
- Avoid repeat scams after losses
No false promises. Only clarity.
Conclusion
Shreenath Infotech is SEBI registered as a Research Analyst.
That allows them to publish research.
But SEBI registration:
- Does not guarantee profits
- Does not protect you from losses
- Does not mean refunds are automatic
Before paying for any trading service, always ask:
“What exactly are they legally allowed to do?”
That one question can save you a lot of money and stress.
