Nowadays, discovering a stock market expert doesn’t require a television channel. It takes just one YouTube video, one LinkedIn post, or one well-designed website.
You come across someone who talks confidently about businesses, long-term investing, and “exponential growth.”
The branding looks professional. The messaging sounds thoughtful. And somewhere in the middle of it all, you begin to wonder, should I subscribe?
One such name that investors may come across is Yash Dipak Rachh, founder of Exponential Research.
His platform talks about “insights driven through meticulous research.” His YouTube channel shares business discussions. The profile highlights experience in equity research and corporate banking.
But before clicking that “Subscribe” button, a few important questions naturally arise:
Who exactly is he? What does Exponential Research actually offer? Is he SEBI registered?
And how does his business model work?
In this article, we’ll calmly break it down, not to judge, not to accuse, but to understand. Because in investing, clarity is always more valuable than excitement.
Who is Yash Dipak Rachh?
Let’s start with the person behind the platform.
According to his website, Yash Dipak Rachh is the founder of Exponential Research.
His profile mentions over five years of experience in investment banking and equity research, including associations with institutions like HSBC, JP Morgan and IIFL. He also lists qualifications such as CA and PGDM (MDI Gurgaon).
From the positioning on the website, he presents himself as someone who combines institutional experience with a long-term investing framework rooted in value investing principles.
The messaging focuses on helping investors make well-informed decisions through structured research.
Another interesting aspect is the presence of direct interaction options like Calendly and WhatsApp. This suggests that beyond publishing research, there may also be one-on-one discussions or consultations available.
Now let’s look at his digital footprint.
Yash Rachh also maintains a YouTube channel under his name. At the time of review, the channel shows a modest subscriber base and a limited number of uploaded videos.
The channel description links back to Exponential Research website, creating a direct connection between personal branding and the research platform.
The content appears focused on business discussions and investment-related insights. It seems to function as a credibility-building and educational channel rather than a high-frequency content machine.
Overall, from what is publicly visible, the presence is structured but still in a relatively early growth stage. The branding is professional, and the messaging is centred around research-driven investing.
Now the more important question: what exactly is Exponential Research, and how does it operate?
Exponential Research
Now let’s move from the individual to the platform itself.
Exponential Research positions itself as a research-driven investment platform. The homepage headline reads, “Insights driven through meticulous research”, followed by a call to action that says, “Add exponential edge to your portfolio.”
There is a clear Subscribe button and a login/sign-up structure, which suggests a membership or subscription-based model.
From the structure visible on the website, it appears that users need to subscribe to access content.
The navigation tabs, such as Content, FAQ, Blog, and Knowledge Base, indicate that research reports or analytical material may be distributed through gated access.
Based on what is visible:
- The model looks like a subscription-based equity research platform.
- It appears to provide analytical insights and business breakdowns.
- There is branding around structured research and portfolio edge.
- Consultation options are visible on the founder page.
However, as investors, it’s important to pause and think clearly.
When a research platform offers subscriptions and consultation links, a few natural questions arise:
- Is the consultation purely for research discussion?
- Is there a clear distinction between research and investment advisory?
- Are risk disclosures clearly mentioned?
- Are there any performance claims made anywhere on the website?
These are not accusations. These are due diligence questions every investor should ask before paying for any research service.
Now that we understand how the platform appears to operate, the next critical step is regulatory verification.
Is Yash Dipak Rachh officially registered with SEBI as a Research Analyst?
Is Yash Dipak Rachh SEBI Registered?
Now let’s move to the most important checkpoint — regulation.
As per the SEBI Research Analyst database, Yash Dipak Rachh is registered as a Research Analyst with Registration No. INH000015491.
The registration status is shown as active, with validity mentioned as “Perpetual” from March 18, 2024. The registered address is listed in Ahmedabad, Gujarat.
An active SEBI Research Analyst registration is a positive sign. It means the individual is officially recognised under the SEBI (Research Analyst) Regulations, 2014 and is legally permitted to publish research reports and provide stock recommendations.
But it’s equally important to understand what this registration allows, and what it does not.
A SEBI-registered Research Analyst can:
- Publish research reports
- Share stock-specific recommendations
- Provide analytical insights
However, a Research Analyst cannot:
- Guarantee returns
- Manage client funds
- Execute trades on behalf of clients
- Offer profit-sharing arrangements
- Promise fixed income or assured gains
This distinction matters. Many investors confuse research services with portfolio management or advisory services. The regulatory scope is clearly defined.
Now the next question naturally follows: has SEBI ever taken any action against him?
Has SEBI Issued Any Orders Against Yash Dipak Rachh?
Whenever you evaluate a research analyst, checking regulatory history is just as important as checking registration.
A search through SEBI’s Enforcement Orders section using his name and registration details does not show any publicly available enforcement orders or penalty actions at the time of this review.
That means there are no visible SEBI orders indicating suspension, monetary penalty, or restriction against him.
However, it is important to understand something clearly.
The absence of an order does not mean endorsement. It simply means that no regulatory action appears on the public record as of now. Investors should always combine regulatory verification with their own independent assessment.
So if registration is active and there are no visible enforcement actions, does that automatically make any research service suitable for you?
Not necessarily.
The real question is: how should investors evaluate and respond if something goes wrong?
When Should You Report a Research Analyst?
You should consider raising a complaint if you experience situations like:
- Guaranteed or fixed returns are promised.
- You are told losses will be “recovered” if you upgrade to a higher package.
- There is pressure to subscribe immediately without giving you time to evaluate.
- Risk disclosures are missing, unclear, or casually ignored.
- Trades are executed without your knowledge or written consent.
- Performance claims are shown without proper context or disclaimers.
- You are asked to transfer money to personal accounts instead of official channels.
There are clear SEBI guidelines for Research Analysts. A SEBI-registered Research Analyst can provide research and recommendations.
But they cannot assure profits, manage your funds, or act beyond their regulatory scope unless separately registered.
If something feels misaligned with what was promised, it is always better to question it early rather than regret it later.
How to File a Complaint Against a Research Analyst?
If you believe something is not right, here is how you can take action in a structured way:
1. File a Complaint on SEBI SCORES
- Visit the SEBI SCORES portal (SEBI Complaint Redress System).
- Register yourself as an investor.
- Select the category “Research Analyst.”
- Submit your complaint with complete details and supporting documents.
SEBI forwards the complaint to the concerned entity and monitors the response.
2. Keep Proper Documentation
Before filing, gather:
- Subscription invoices
- Payment proofs
- Emails and WhatsApp chats
- Screenshots of claims or advertisements
- Any written communication
Clear documentation makes your complaint stronger and easier to process.
Taking action is not about confrontation. It is about protecting your financial interest and ensuring accountability within the system.
If the process feels overwhelming, there are ways to get structured guidance.
Need Help?
Dealing with a research platform can feel confusing, especially when money is involved. Many investors are unsure where to begin, what documents to collect, or how to draft a proper complaint.
That’s where structured guidance makes a difference.
Register with us, and we help investors organise their evidence, prepare clear explanations, and file complaints through the correct regulatory channels.
From documenting communication to submitting through SCORES, we guide you step by step and track the matter until it is properly addressed.
Our team will also help you in filling arbitration in the stock market and tracking SEBI complaint status.
You don’t have to navigate the process alone. Clear action, taken at the right time, can prevent bigger financial damage later.
Conclusion
Yash Dipak Rachh is listed as a SEBI-registered Research Analyst, and his platform, Exponential Research, appears to operate as a subscription-based research service.
Registration is a positive sign. But informed investing goes beyond checking a registration number. It requires understanding the business model, reading disclosures carefully, and staying alert to how services are actually delivered.
Before subscribing to any research platform, ask questions. Verify claims. Take your time.
Because in the stock market, awareness is not optional; it is protection.
