Quick Summary
Behind every research analyst registration is a real person answerable to SEBI, and here that person is Adarsh Dey, proprietor of Wealthy Ways, holding registration number INH000018373. This page gives you his registration record the way a background check would, the facts first, the verification method second, and what the number actually promises you last.
You are about to pay someone, or you already have, and one question keeps circling back: is this firm even legitimate?
Names like Wealthy Ways get thrown around in Telegram groups and trading forums constantly, sometimes with a registration number attached, sometimes without any proof at all.
Screenshots can be faked. Certificates can be edited. Words on a website mean nothing until you check them against the one source that actually matters.
This page does that checking for you, starting with the record itself, no assumptions either way.
Is Wealthy Ways SEBI Registered?
Registration is not something a firm can simply claim for itself. It comes only after clearing SEBI’s eligibility process, and that process leaves a public trail worth understanding before you look at the number itself.
Wealthy Ways operates as a sole proprietorship of Adarsh Dey, and it holds SEBI registration in the Research Analyst category, number INH000018373.
Alongside this, the firm carries BSE enlistment number 6378, a separate exchange-level listing that many investors overlook entirely.
Here is what that combination actually required.
To become a Research Analyst, Adarsh Dey had to clear SEBI’s qualification and certification requirements, hold the mandated NISM certification for research analysts, meet net worth criteria, and submit to SEBI’s scrutiny of his professional background.
This is not a form you fill and forget. Registration under this category is a standing obligation, renewed and monitored, not a one-time badge earned and kept forever regardless of conduct.
The registered address on file is First Floor, EWS 40, Shriram Ram Nagar, Talabania, Puri, Bhubaneswar, Odisha, a detail worth noting because it means the firm operates from a fixed, checkable location rather than an anonymous online presence with no physical accountability.
What this registration authorises, specifically, is narrower than most subscribers assume.
Wealthy Ways can publish research and issue trading recommendations, buy, sell, or hold calls, on derivatives and options for Nifty, BankNifty, and Finifty. That is the entire scope.
It does not extend to managing your account, deciding your trade quantities, or promising any particular outcome, regardless of what a representative says on a call.
So is Wealthy Ways SEBI registered in India? Yes, on the specific facts above.
But a registration answers only one question, whether the firm may operate. It says nothing about how it actually treats the people who pay it, and that is a completely separate file, examined fully further down this page.
The Boundary Every Research Analyst Works Inside
A registration is not a blank cheque; it draws a specific, narrow line around what a firm may do, and that line is what actually protects you.
SEBI’s RA Regulations, 2014 permit exactly one thing: publishing research and issuing buy, sell, or hold calls to subscribers as a group.
Nothing about that line extends to managing your account, deciding your trade size, or promising you a specific outcome.
So here’s a test worth running the next time a representative is on the phone. Ask yourself whether what’s being said sounds like research, or sounds like a promise.
Research says “consider this trade.” A promise says “you will get this result.” Only the first one is legal, and the moment the second one appears, the registration stops covering what’s actually happening.
Official SEBI Registration & Compliance Details
Instead of only telling you to search a portal, here is the compliance contact this registration actually lists, so you can reach it directly rather than through whatever number a representative gave you.
Compliance Officer: Adarsh Dey (the same person, wearing the compliance hat)
Compliance Email: [email protected]
Registered Phone: +91 7608849948
Any formal grievance should go to this email, not a WhatsApp chat with a sales representative.
A written complaint to a listed compliance address creates a paper trail; a WhatsApp message to an unlisted number does not.
And if you want to verify this yourself rather than trust this page, search SEBI’s Recognised Intermediaries portal for the trade name exactly as SEBI itself lists it:
“Adarsh Dey Proprietor or Wealthy Ways.” Matching that exact name, the number INH000018373, and an active status is your full verification, done.
Does SEBI Registration Mean Wealthy Ways Is Safe?
Two different questions get confused constantly, and untangling them is the entire point of this page.
“Is it registered” asks whether SEBI let the firm open its doors. “Should you trust it” asks how the firm has behaved since.
A yes to the first question says nothing about the second, and conflating them is how investors end up paying firms whose paperwork checks out while their conduct doesn’t.
The fee structure and the complaint trend, the two things that actually answer the trust question, get their own full examination on our page: can you trust Wealthy Ways?
Have the registration confirmed and still unsure what it actually protects you from?
Tell us what you were promised on the call. We will tell you plainly whether it sits inside or outside what this registration permits.
Can You Get Your Money Back If Wealthy Ways Violates SEBI Rules?
Every registered firm answers to SEBI, which means a real complaint channel exists specifically because this firm is on the record.
One investor used exactly that channel and documented a ₹5,00,000 recovery against a ₹7,80,000 loss, the full story of which sits on our page: recovery from Wealthy Ways.
If your own situation calls for the same route, every stage of it, from the first written complaint through SCORES and beyond, is mapped in our guide: how to complaint against Wealthy Ways.
Conclusion
The registration is real: INH000018373, active, tied to Adarsh Dey as the named proprietor at a checkable Puri address, with a listed compliance email that exists for exactly this kind of question.
Verifying it yourself takes two minutes on SEBI’s own portal, never on a firm’s word alone.
But a registration only answers one question: whether this firm was allowed to open its doors.
It says nothing about how it treats the people who actually pay it, the fees it charges, the complaints it generates, or the promises made on a sales call.
That second file is separate, and it matters just as much as this one, sometimes more.
Open it before you decide anything.
Report. Recover. Stay Fraud Free.
Yes, under registration number INH000018373, held by proprietor Adarsh Dey in the Research Analyst category, verifiable on SEBI's recognised intermediaries portal. Adarsh Dey, operating Wealthy Ways as a sole proprietorship registered in Puri, Odisha, offering derivative and options trading calls under this registration. No. It confirms eligibility to publish research, not conduct, pricing, or complaint handling standards, which are separate matters worth checking independently. No. A Research Analyst registration permits buy, sell, or hold recommendations only, never personalised trade sizes, which falls outside what this licence allows. Search SEBI's Recognised Intermediaries portal by name or number, and match the entity, category, and active status before relying on any registration claim shown to you directly.Frequently Asked Questions
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