Now SEBI-registered · INH000028723 →
Announcement · July 2026

Desvelado is now a SEBI-Registered Research Analyst.

The Securities and Exchange Board of India has granted Desvelado Advisory Private Limited registration as a Research Analyst — Reg. No. INH000028723, under the SEBI (Research Analysts) Regulations, 2014. Here is exactly what that means for you.

Registration detailsINH000028723
Registered entity
Desvelado Advisory Private Limited
Registration
SEBI Research Analyst
Registration number
INH000028723
Governing regulation
SEBI (Research Analysts) Regulations, 2014
Principal officer
Saizal Agarwal — MBA Finance & Marketing
BASL membership
Pending enrollment
Grievance contact
grievance@desvelado.in · SEBI SCORES · Smart ODR

Verify this registration independently in SEBI's public directory of registered Research Analysts at sebi.gov.in ↗

What the registration means

Four things you now get by regulation — not by promise.

01

Accountability with a regulator behind it

Registration places our research under the SEBI (Research Analysts) Regulations, 2014 — qualification requirements, conduct standards, record-keeping and audit obligations. Our views now carry regulatory accountability, not just reputational stake.

02

Disclosures on every report

Analyst holdings, conflicts of interest, rating methodology and the basis for any price expectation are disclosed on every report — on page one, as the regulations require and as we already practised.

03

A formal grievance framework

Every reader and client has a defined escalation path: grievance@desvelado.in, then SEBI SCORES, then Smart ODR. Complaints are acknowledged within 3 working days and resolved within 30 days.

04

Fee protections for individuals

SEBI caps what a Research Analyst may charge an individual or HUF client at ₹1,51,000 per year. Every Desvelado individual plan sits inside that ceiling — by regulation, not by promise.

What doesn't change

The registration formalises how we already worked.
It doesn't change it.

We built Desvelado around independence and disclosure before a regulator required either. What changes is the accountability behind the words — not the words.

Start here

Read us free. Subscribe when it earns it.

Signal — our live markets newsroom — is free with no login. Research subscriptions and the institutional desk are open now under the registration.

Registration granted by SEBI does not imply endorsement by SEBI, nor does it guarantee performance or returns. Research reports are not personalised investment advice. Investment in securities markets is subject to market risks — read all related documents carefully before investing.