What are the Top 10 SEBI Registered Research Analyst in India?

What are the Top 10 SEBI Registered Research Analyst in India?. Research Analysts are financial professionals who analyze market trends, financial data, and company performance to help investors make informed decisions. In India, any individual or entity providing research services must be registered with the Securities and Exchange Board of India (SEBI), under the SEBI (Research Analysts) Regulations, 2014. This mandatory requirement ensures credibility, transparency, and accountability in financial advice. In this article, we will discuss the Top 10 SEBI Registered Research Analyst in India, their services, expertise, and how they contribute to investor success.
List of Top 10 SEBI Registered Research Analyst
The following are the top 10 SEBI Registered Research Analyst in India:
Eqwires Research Analyst
Eqwires is considered one of the Top 10 SEBI Registered Research Analyst in India. It is known for its high-quality trading and investment research recommendations. The firm emphasizes excellence, efficiency, and innovation in its services. The team at Eqwires is dedicated to offering reliable insights that help investors and traders make informed decisions. They aim to provide an unmatched user experience and are inspired to achieve global recognition for quality, transparency, and integrity. Their approach is grounded in precision and client satisfaction.
Rising Research Analyst
Rising Research Analyst is a prominent SEBI-registered research firm (SEBI Registration No. INH000015686). The company offers services in equities, derivatives, and commodities. It is known for deep market research and tailored investment strategies. Their team includes analysts with over two decades of industry experience. They emphasize transparency, personalized guidance, and real-time strategy refinement. Their goal is to minimize investment risk and maximize returns. Rising Research Analyst focuses on building long-term relationships with clients by offering clear communication and trustworthy advice.
Stockbox Technologies
Stockbox Technologies is a well-known SEBI Registered Research Analyst firm that empowers investment decisions using advanced stock market research and insights. They utilize proven algorithms and systematic strategies. Their team consists of experienced analysts with a strong background in financial analysis. Stockbox Technologies provides customized research solutions and in-depth sector coverage. Their disciplined, scientific approach helps investors make informed decisions. They ensure clients fully understand their investment options through clear communication and ongoing support.
Sandeep Wagle Technical Research
Mr. Sandeep Wagle is a veteran in the Indian stock market with over 25 years of experience. He has trained over 150,000 participants through his workshops and is widely respected for his technical analysis skills. Mr. Wagle identifies market trends and profitable trade setups with remarkable accuracy. He is a regular contributor to business media channels and is recognized for his insightful presentations. His services include personalized mentorship and strategic investment advice, making him a top-tier SEBI-certified research analyst.
Kunal Bothra Advisors LLP
Kunal Bothra Advisors LLP is a SEBI Registered Research Analyst firm that specializes in technical trading strategies. Led by Kunal Bothra, a known face on ET NOW, the firm focuses on delivering precise market timing and insightful recommendations. Kunal is also a well-known speaker and columnist. The firm places great emphasis on customer satisfaction and service transparency. Clients are informed about services from the outset, and the firm maintains a friendly, supportive approach throughout their financial journey.
ABJ Finstocks
ABJ Finstocks is another leading name among the Top 10 SEBI Registered Research Analyst in India. The firm has been active in the stock market since 2007 and registered with SEBI since 2016. ABJ Finstocks offers equity and derivative market recommendations based on extensive research. They take pride in their personalized services, market expertise, and transparent approach. ABJ provides support to its clients through tailored investment strategies, aiming to simplify complex market dynamics and enhance profitability.
KamayaKya
KamayaKya is a SEBI Registered Research Analyst firm known for its in-depth fundamental research. The firm analyzes financial factors such as cash flow, profitability, management quality, and valuations. It identifies promising companies through data-driven research and management interaction. KamayaKya focuses on emerging companies often missed by the broader market. Their research is based on real insights rather than technical trends. With a professional team and strong compliance standards, KamayaKya ensures clients receive valuable and well-researched investment advice.
Teji Mandi
Teji Mandi is a SEBI-registered firm and a subsidiary of Motilal Oswal Financial Services. It combines finance principles with technology to simplify investment for retail clients. Teji Mandi offers actively managed portfolios with flat pricing. It provides timely updates and guidance through a mobile app. The firm follows the “Buy Right, Sit Tight” philosophy championed by Raamdeo Agrawal, co-founder of Motilal Oswal. Their investment approach is guided by the QGLP framework—Quality, Growth, Longevity, and Price—offering disciplined and thoughtful investment services.
JainMatrix Investments
Founded by Punit Jain, JainMatrix Investments is a boutique advisory firm registered with SEBI (INH200002747). The firm is known for original equity research and long-term investment focus. JainMatrix produces detailed and honest investment reports. Their process is independent and driven by returns and wealth creation. Punit Jain’s diverse professional background in FMCG, software, and consulting enables him to identify high-growth opportunities. The firm also offers direct support and tracking services to its subscribers. JainMatrix helps investors navigate the markets with clarity and confidence.
RajeshSatpute.Com
Rajesh Satpute is a technical and derivatives analyst with over 20 years of experience in the equity market. A SEBI Registered Research Analyst (INH000005494), Rajesh is an expert in Elliott Wave and Dow Theory. He appears regularly on CNBC Awaaz and has contributed to multiple business publications. His technical insights have helped retail investors navigate market cycles. Rajesh also delivers training sessions on financial markets and technical analysis at institutions like MITCON and PSE. His professional journey includes associations with major firms like Motilal Oswal and Anand Rathi.
Conclusion
The list above highlights the Top 10 SEBI Registered Research Analyst in India, showcasing their individual strengths, market experience, and client-first approach. These analysts provide valuable investment advice rooted in research, whether technical or fundamental. They play a vital role in shaping investor strategies and promoting transparency in the financial ecosystem.
If you are planning to become a SEBI Registered Research Analyst, Connect with Compliance Calendar LLP Experts to ensure compliance and smooth registration.
Email: info@ccoffice.in
Call/Whatsapp: +91 9988424211
Frequently Asked Questions (FAQs)
Q1. Who is responsible for registering Research Analysts in India?
Ans. The Securities and Exchange Board of India (SEBI) is responsible for registering and regulating Research Analysts in India.
Q2. Under which regulations is SEBI registration mandatory for Research Analysts? 
Ans. Under SEBI (Research Analysts) Regulations, 2014, it is mandatory for individuals and entities to register with SEBI before offering research services.
Q3. How many SEBI-registered Research Analysts are there in India?
Ans. As of April 3, 2025, there are 1,503 SEBI-registered Research Analysts in India.
Q4. Why is it important to choose a SEBI Registered Research Analyst?
Ans. Choosing a SEBI Registered Research Analyst ensures that the advice you receive is regulated, ethical, and compliant with SEBI (Research Analysts) Regulations, 2014. These analysts follow strict disclosure norms and maintain transparency, helping you make informed and secure investment decisions.
Q5. What services do SEBI Registered Research Analysts typically provide?
Ans. SEBI Registered Research Analysts provide services such as stock recommendations, sectoral analysis, portfolio management advice, investment strategies, and market trend reports. They use either fundamental or technical analysis—or both—to guide investors with well-researched insights.
Q6. Can a Research Analyst provide investment tips without SEBI registration?
Ans. No, under SEBI (Research Analysts) Regulations, 2014, any individual or entity offering research reports or recommendations to the public must be registered with SEBI. Providing such advice without registration is illegal and subject to penalties.
Q7. How can I verify whether a Research Analyst is registered with SEBI?
Ans. You can verify a Research Analyst’s registration status on SEBI’s official website. SEBI maintains a searchable list of all registered Research Analysts with details such as registration number, name, and validity of registration.

Research Analysts are financial professionals who analyze market trends, financial data, and company performance to help investors make informed decisions. In India, any individual or entity providing research services must be registered with the Securities and Exchange Board of India (SEBI), under the SEBI (Research Analysts) Regulations, 2014. This mandatory requirement ensures credibility, transparency, and accountability in financial advice. In this article, we will discuss the Top 10 SEBI Registered Research Analyst in India, their services, expertise, and how they contribute to investor success.

List of Top 10 SEBI Registered Research Analyst

The following are the top 10 SEBI Registered Research Analyst in India:

Eqwires Research Analyst

Eqwires is considered one of the Top 10 SEBI Registered Research Analyst in India. It is known for its high-quality trading and investment research recommendations. The firm emphasizes excellence, efficiency, and innovation in its services. The team at Eqwires is dedicated to offering reliable insights that help investors and traders make informed decisions. They aim to provide an unmatched user experience and are inspired to achieve global recognition for quality, transparency, and integrity. Their approach is grounded in precision and client satisfaction.

Rising Research Analyst

Rising Research Analyst is a prominent SEBI-registered research firm (SEBI Registration No. INH000015686). The company offers services in equities, derivatives, and commodities. It is known for deep market research and tailored investment strategies. Their team includes analysts with over two decades of industry experience. They emphasize transparency, personalized guidance, and real-time strategy refinement. Their goal is to minimize investment risk and maximize returns. Rising Research Analyst focuses on building long-term relationships with clients by offering clear communication and trustworthy advice.

Stockbox Technologies

Stockbox Technologies is a well-known SEBI Registered Research Analyst firm that empowers investment decisions using advanced stock market research and insights. They utilize proven algorithms and systematic strategies. Their team consists of experienced analysts with a strong background in financial analysis. Stockbox Technologies provides customized research solutions and in-depth sector coverage. Their disciplined, scientific approach helps investors make informed decisions. They ensure clients fully understand their investment options through clear communication and ongoing support.

Sandeep Wagle Technical Research

Mr. Sandeep Wagle is a veteran in the Indian stock market with over 25 years of experience. He has trained over 150,000 participants through his workshops and is widely respected for his technical analysis skills. Mr. Wagle identifies market trends and profitable trade setups with remarkable accuracy. He is a regular contributor to business media channels and is recognized for his insightful presentations. His services include personalized mentorship and strategic investment advice, making him a top-tier SEBI-certified research analyst.

Kunal Bothra Advisors LLP

Kunal Bothra Advisors LLP is a SEBI Registered Research Analyst firm that specializes in technical trading strategies. Led by Kunal Bothra, a known face on ET NOW, the firm focuses on delivering precise market timing and insightful recommendations. Kunal is also a well-known speaker and columnist. The firm places great emphasis on customer satisfaction and service transparency. Clients are informed about services from the outset, and the firm maintains a friendly, supportive approach throughout their financial journey.

ABJ Finstocks

ABJ Finstocks is another leading name among the Top 10 SEBI Registered Research Analyst in India. The firm has been active in the stock market since 2007 and registered with SEBI since 2016. ABJ Finstocks offers equity and derivative market recommendations based on extensive research. They take pride in their personalized services, market expertise, and transparent approach. ABJ provides support to its clients through tailored investment strategies, aiming to simplify complex market dynamics and enhance profitability.

KamayaKya

KamayaKya is a SEBI Registered Research Analyst firm known for its in-depth fundamental research. The firm analyzes financial factors such as cash flow, profitability, management quality, and valuations. It identifies promising companies through data-driven research and management interaction. KamayaKya focuses on emerging companies often missed by the broader market. Their research is based on real insights rather than technical trends. With a professional team and strong compliance standards, KamayaKya ensures clients receive valuable and well-researched investment advice.

Teji Mandi

Teji Mandi is a SEBI-registered firm and a subsidiary of Motilal Oswal Financial Services. It combines finance principles with technology to simplify investment for retail clients. Teji Mandi offers actively managed portfolios with flat pricing. It provides timely updates and guidance through a mobile app. The firm follows the “Buy Right, Sit Tight” philosophy championed by Raamdeo Agrawal, co-founder of Motilal Oswal. Their investment approach is guided by the QGLP framework—Quality, Growth, Longevity, and Price—offering disciplined and thoughtful investment services.

JainMatrix Investments

Founded by Punit Jain, JainMatrix Investments is a boutique advisory firm registered with SEBI (INH200002747). The firm is known for original equity research and long-term investment focus. JainMatrix produces detailed and honest investment reports. Their process is independent and driven by returns and wealth creation. Punit Jain’s diverse professional background in FMCG, software, and consulting enables him to identify high-growth opportunities. The firm also offers direct support and tracking services to its subscribers. JainMatrix helps investors navigate the markets with clarity and confidence.

RajeshSatpute.Com

Rajesh Satpute is a technical and derivatives analyst with over 20 years of experience in the equity market. A SEBI Registered Research Analyst (INH000005494), Rajesh is an expert in Elliott Wave and Dow Theory. He appears regularly on CNBC Awaaz and has contributed to multiple business publications. His technical insights have helped retail investors navigate market cycles. Rajesh also delivers training sessions on financial markets and technical analysis at institutions like MITCON and PSE. His professional journey includes associations with major firms like Motilal Oswal and Anand Rathi.

Conclusion

The list above highlights the Top 10 SEBI Registered Research Analyst in India, showcasing their individual strengths, market experience, and client-first approach. These analysts provide valuable investment advice rooted in research, whether technical or fundamental. They play a vital role in shaping investor strategies and promoting transparency in the financial ecosystem.

If you are planning to become a SEBI Registered Research Analyst, Connect with Compliance Calendar LLP Experts to ensure compliance and smooth registration.

Email: info@ccoffice.in

Call/Whatsapp: +91 9988424211

Frequently Asked Questions (FAQs)

Q1. Who is responsible for registering Research Analysts in India?

Ans. The Securities and Exchange Board of India (SEBI) is responsible for registering and regulating Research Analysts in India.

Q2. Under which regulations is SEBI registration mandatory for Research Analysts?

Ans. Under SEBI (Research Analysts) Regulations, 2014, it is mandatory for individuals and entities to register with SEBI before offering research services.

Q3. How many SEBI-registered Research Analysts are there in India?

Ans. As of April 3, 2025, there are 1,503 SEBI-registered Research Analysts in India.

Q4. Why is it important to choose a SEBI Registered Research Analyst?

Ans. Choosing a SEBI Registered Research Analyst ensures that the advice you receive is regulated, ethical, and compliant with SEBI (Research Analysts) Regulations, 2014. These analysts follow strict disclosure norms and maintain transparency, helping you make informed and secure investment decisions.

Q5. What services do SEBI Registered Research Analysts typically provide?

Ans. SEBI Registered Research Analysts provide services such as stock recommendations, sectoral analysis, portfolio management advice, investment strategies, and market trend reports. They use either fundamental or technical analysis—or both—to guide investors with well-researched insights.

Q6. Can a Research Analyst provide investment tips without SEBI registration?

Ans. No, under SEBI (Research Analysts) Regulations, 2014, any individual or entity offering research reports or recommendations to the public must be registered with SEBI. Providing such advice without registration is illegal and subject to penalties.

Q7. How can I verify whether a Research Analyst is registered with SEBI?

Ans. You can verify a Research Analyst’s registration status on SEBI’s official website. SEBI maintains a searchable list of all registered Research Analysts with details such as registration number, name, and validity of registration.