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.
- 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
- BSE RAASB Enlistment No.
- 7338
- 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 ↗
Four things you now get by regulation — not by promise.
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.
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.
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 21 days.
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.
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.
- ✓Our only income remains your subscription or mandate fee — nothing from brokers, banking or distribution
- ✓Signal stays free, with no login required
- ✓The research keeps its CA + CFA lens: forensic accounting rigour, stated assumptions, primary sources
- ✓The thesis stays on page one — what we think, why, and what would break it
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.