Quick Summary
Hemraj Singh Sikarwar is the registered proprietor of Wise Global Research Services Private Limited and holds SEBI Research Analyst registration INH000016719 personally. There is no corporate layer between him and the firm’s regulatory obligations. Every recommendation, every mandatory disclosure, and every complaint against the firm is his direct responsibility. This page covers what individual registration means for investor accountability, how to name the right party in a formal complaint, and why the owner’s triple role matters.
When you search for the Wise Global Research owner, you are usually past the point of casual research.
Either you paid and something went wrong. Or you want to understand who is actually accountable before you commit money to a subscription.
The answer is direct. Hemraj Singh Sikarwar is the owner. He holds the SEBI licence personally.
And individual registration means there is no company structure between him and what the firm does under his name.
Who Is the Wise Global Research Owner?
Hemraj Singh Sikarwar is the registered proprietor of Wise Global Research Services Private Limited.
He holds SEBI Research Analyst registration number INH000016719 in his personal name as an individual, not through a company.
The registration was granted on the date listed in SEBI’s intermediary register and is currently shown as active.
Individual proprietorship means the firm and the person are, for regulatory purposes, the same. Every recommendation made under INH000016719 is his recommendation.
Before diving deeper into accountability, check our detailed breakdown on is Wise Global Research SEBI registered? to understand their full registration status and licence validity.
Every mandatory monthly complaint disclosure is his obligation. Every complaint filed through SEBI SCORES against the firm is filed against him as the licence holder.
What Individual Registration of Wise Global Research Means for Investors?
Most people assume SEBI-registered firms are companies with compliance teams and separate directors. Wise Global Research is not structured that way.
When you subscribed to Wise Global Research, you were transacting with an individual’s licensed operation, not a company with a board of directors and a separate compliance function.
This has three specific implications.
First, the accountability is direct. There is no corporate intermediary to route through when filing a complaint.
The complaint targets Hemraj Singh Sikarwar personally under his registration number.
Second, the compliance obligations are personal.
Mandatory monthly complaint disclosures, the annual fee cap compliance, and the conduct requirements under SEBI’s Code of Conduct all rest with him individually.
Third, if the firm received complaints that were not accurately disclosed, or if fees were collected above the SEBI annual cap.
Or if conduct described by reviewers crossed regulatory lines, the regulatory record of those violations attaches to his individual licence.
What Wise Global Research Reviewers Describe About How the Firm Operated?
Five Google reviewers shared their experiences after subscribing. Three reviewers stated that firm representatives advised them to remove their stop-losses during losing trades.
Whether Hemraj Singh Sikarwar personally gave this advice or representatives acting under his licence did so affects how the complaint is described, but it does not change who remains responsible.
A registered individual research analyst is responsible for the conduct of everyone operating under their registration.
Vicarious liability for the conduct of employees and representatives is part of the individual registration framework.
The full accounts from all five reviewers including amounts paid, losses incurred, and the specific conduct described are covered on the reviews page.
Read the complete Wise Global Research reviews and what each reviewer’s account maps to under SEBI regulations.
Wise Global Research Fee Amounts and the SEBI Annual Cap
Some of the amounts reviewers paid raise a specific question about the proprietor’s compliance with SEBI’s annual fee cap.
SEBI caps the total fees a single client can pay to one registered Research Analyst at ₹1,51,000 per financial year.
One reviewer paid ₹17,80,000. Another paid ₹3,50,000. A third paid ₹1,45,000 for a single service.
If any of these were paid within a single financial year as the sole or primary Research Analyst subscription, they exceed the cap.
As the individual licence holder, Hemraj Singh Sikarwar is responsible for ensuring fee collection stays within the SEBI limit.
Fees collected above the regulatory cap are recoverable through a formal SEBI SCORES complaint under the fee cap violation ground.
How to Name the Right Party in a Formal Complaint Against Wise Global Research?
Because the registration is in an individual’s name, the SCORES complaint is straightforward to direct.
On SEBI SCORES, select Research Analyst as the intermediary type. Enter Wise Global Research Services Private Limited as the firm name.
Enter INH000016719 as the registration number.
In the complaint description, name Hemraj Singh Sikarwar as the proprietor and individual licence holder.
Since all regulatory accountability rests with him personally, naming him directly is both accurate and appropriate.
If the complaint involves conduct by firm representatives rather than Hemraj Singh Sikarwar personally, state that the conduct was by employees or representatives operating under registration INH000016719.
Also explain the vicarious liability basis.
For the complete step-by-step complaint process including evidence collection, SEBI SCORES filing, SMART ODR escalation, and arbitration, the complaint guide covers every stage.
Read the complete guide on how to file a complaint against Wise Global Research here: Is Wise Global Pvt Ltd real or fake?
Our team files your SEBI SCORES complaint, prepares the documentation, and represents you through SMART ODR and arbitration.
Conclusion
Hemraj Singh Sikarwar is the owner of Wise Global Research. He holds SEBI Research Analyst registration INH000016719 personally.
There is no corporate structure between him and the firm’s regulatory obligations.
Individual registration means every obligation, every complaint, and every regulatory consequence is personal.
When you file a SEBI SCORES complaint against this firm, you are filing against the individual who chose to structure his operation as a personal proprietorship under a personal licence.
That directness can work in an investor’s favour. The accountability is clearer and the complaint naming is simpler than with a corporate structure.
Frequently Asked Questions
Hemraj Singh Sikarwar is the registered proprietor of Wise Global Research Services Private Limited. He holds SEBI Research Analyst registration INH000016719 personally as an individual, with no corporate structure between him and his regulatory obligations.
Yes. Individual registration means all regulatory obligations, compliance requirements, and complaint accountability rest with him personally under registration INH000016719. Representatives operating under his licence also fall within his vicarious liability as the registered individual.
Select Research Analyst as the intermediary type. Enter Wise Global Research Services Private Limited as the firm name and INH000016719 as the registration number. Name Hemraj Singh Sikarwar as the proprietor and individual licence holder in the complaint description.
Yes. As the individual licence holder, he carries vicarious responsibility for the conduct of employees and representatives operating under registration INH000016719. Conduct by those representatives that violates SEBI's Research Analyst Regulations is attributed to the registration and therefore to the individual holder.
SEBI caps combined annual Research Analyst fees at ₹1,51,000 per client family from one registered RA. As the individual licence holder, Hemraj Singh Sikarwar is responsible for ensuring fee collection across all plans stays within this limit. Fees collected above the cap under his registration are a personal compliance failure.
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