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Research Analysts are financial professionals who analyze data, conduct research, and provide insights to help businesses and investors make informed decisions. In India, to work as a research analyst, it is mandatory to get registered with Securities and Exchange Board of India (SEBI) as per the SEBI (Research Analysts) Regulations, 2014.
In this blog post, we present to you the list of top 10 SEBI Registered Research Analyst.
Here are the best research analysts in India. All of them are registered with the Securities and Exchange Board of India (SEBI):
Eqwires is one of the top 10 SEBI registered research analyst in the Indian stock market. It is dedicated to providing high-quality trading and investment research recommendations to ensure that excellence, efficiency, and innovation remain at the core of their operations.
The team at Eqwires is committed to delivering services that align smoothly with their organizational vision and set new benchmarks in the finance and investment industry.
Their mission is to distinguish themselves among service providers by offering an unparalleled user experience, tailored to the evolving needs of their esteemed clients. Through a blend of expertise, precision, and technological advancements, they strive to empower investors and traders with reliable insights that drive informed decision-making.
Guided by their firm vision, they are inspired to achieve global recognition for their steadfast dedication to quality, transparency, integrity, and exceptional client support. Every aspect of their service reflects their deep-rooted commitment to excellence, ensuring that their clients receive nothing but the best in research, recommendations, and overall service experience.
Rising Research Analyst is a top SEBI-registered research firm (SEBI Registration No. INH000015686) dedicated to helping investors to walk through the complexities of the Indian financial markets with confidence. The firm offers a full range of services in equities, derivatives, and commodities, which makes them your go-to partner for things related to financial markets.
Their strength lies in their deep research and market expertise. With a team that brings over a decade of experience including some analysts having more than 20 years in the industry, Rising RA crafts tailored investment strategies that align with each investor’s goals and risk appetite. Whether you’re just starting or a seasoned trader, it providea insights and strategies that minimize risk while maximizing returns.
Rising Research Analyst doesn't just follow market trends, it analyzes, adapts, and refines their strategies in real-time to ensure they stay ahead. Their commitment to continuous learning and innovation keeps them at the forefront of the ever-evolving financial market.
At the heart of the company’s approach is transparency and trust. They believe in building long-term relationships by keeping their clients informed, offering personalized guidance, and ensuring every investment decision is backed by solid research. With Rising Research Analyst, the clients get more than just recommendations. They gain a trusted partner in their financial journey.
Stockbox Technologies is a SEBI Registered Research Analyst firm. It empowers trading and investment opportunities/decisions of its clients with the help of best-in-class stock market research and insights. It makes use of time-tested algorithms.
The team at Stockbox consists of analysts who have a strong understanding of the stock market, financial analysis and key investment strategies. They have a strong educational background and experience in the investing domain.
Stockbox Technologies delivers in-depth market and sector coverage tailored to clients' investment goals. Their team of research analysts provides comprehensive insights into the stock market, including trends and analysis.
They take a scientific approach to stock trading and investing, relying on a disciplined, systematic strategy rather than speculation or market hype. Their research goes beyond just presenting data. It offers meaningful analysis and interpretation to help clients make informed decisions and stay ahead of market trends.
Recognizing that every investor has unique needs, Stockbox Technologies offers customized research solutions designed to align with individual goals. Their analysts have a strong track record of delivering accurate and profitable investment recommendations.
They prioritize clear and concise communication, ensuring clients fully understand the information provided. Plus, their team is always available for follow-up questions and discussions about investments and portfolios. With Stockbox Technologies, you gain access to experienced analysts who are ready to provide guidance and support whenever you need it.
Mr. Sandeep Wagle is a highly respected stock market mentor with over 25 years of experience in stock trading in India. Over the past two and a half decades, he has shared his expertise with 150,000 stock market participants across the country.
As a seasoned market expert, Mr. Wagle has a keen ability to identify market trends early with remarkable accuracy. His expertise in selecting high-performing stocks and sectors, combined with well-structured trade setups, makes him a sought-after mentor in the trading community and a frequent guest on business media channels.
Mr. Wagle provides traders and investors with insightful information to assist them find high-growth stocks and optimize their profits through his engaging workshops. He personally leads these workshops, guaranteeing a realistic, knowledgeable, and hands-on learning experience.
A SEBI-certified expert offering comprehensive market analysis and strategic insights, Mr. Sandeep Wagle is a top-tier equities research analyst. His knowledge and resources can help you improve your investment methods and make more informed trading selections to increase your money, regardless of your level of experience.
Kunal Bothra Advisors LLP is a SEBI research analyst that specializes in technical analysis. Their mission is to deliver state-of-the-art share market advisory services that help their clients to achieve their financial growth and stability.
Known for his bold and traditional timing on markets and stocks, Kunal Bothra is a SEBI-registered research analyst, technical trader, and trading mentor. He currently appears on ET NOW's (India's top business news channel) daily shows as a distinguished panelist.
In his previous responsibilities, he has been on all business channels. Additionally, Mr. Kunal actively participates in numerous speeches and seminars on a range of market topics throughout the nation and writes for numerous newspapers and magazines on a daily basis.
As a SEBI-registered research analyst firm, Kunal Bothra offers research recommendations to Indian equities market traders and investors. It has always placed emphasis on the clients satisfaction and enjoys being the best when it comes to customer services. It has a friendly team ready to support, guide and help them.
Services and terms put forth by Kunal Bothra Advisors LLP are clear from the beginning only so that no wrong commitments are made and clients are, at all times, aware about the right services.
ABJ Finstocks is a trusted partner for getting stock recommendations, market analysis and portfolio management services. The firm is a SEBI registered analyst that makes recommendations about stocks for investment as well as trading.
ABJ Finstocks, as a SEBI registered research analyst, takes pride in their expertise, transparency and client-centric approach, guiding you through the complexities of financial markets with integrity and offers personalized support to its clients.
The company has been making money in stock trading and investments for the last 12 years with a cheerful and contented attitude, and they will continue to provide their clients with the same experience. With a demonstrated track record of trading and investing since 2007, they have been a SEBI Registered Research Analyst since 2016.
After spending a significant amount of time conducting market research, the company's equities research analyst suggests the most promising stock for investment. In addition to being an equity research analyst, ABJ also makes calls in the Indian stock market's index derivatives segment.
KamayaKya is one of the SEBI research analysts in India. It carefully selects stocks for its customers after studying factors like cash flow, top-line and bottom-line growth, management quality, promoter holding, valuations, etc.
They focus on key fundamental triggers such as capacity expansion, management changes, debt reduction, industry tailwinds, structural shifts, turnaround opportunities, and favorable government policies. The emerging companies, often overlooked by market participants, are identified through rigorous data-driven research, including direct management interactions and channel checks to ensure there is minimal exposure to market noise and reduced investment risks.
Rather than relying on technical stock analysis, their approach is rooted in extensive fundamental research. As a SEBI-registered research firm, they are among the select group of certified analysts recognized by the Securities and Exchange Board of India. Committed to regulatory compliance, they uphold the highest industry standards.
Unlike casual financial advice from acquaintances, their insights are backed by thorough research. Their structured methodology enhances the accuracy of identifying potential multibagger stocks. By analyzing financials, engaging with company management, and conducting on-the-ground operational assessments, they produce comprehensive and unbiased reports.
Their team has top tier professionals in finance, engineering and business, who bring a combined experience of 25 years. With a commitment to excellence, they make sure that investment decisions are driven by expertise, research, and a deep understanding of market dynamics.
Teji Mandi is a SEBI-registered subsidiary of Motilal Oswal Financial Services. It is a firm that focuses on the principles of finance and technology. Teji Mandi came into existence to assist retail investors in their investment decisions. It provides an actively managed portfolio service which is pocket friendly and has flat pricing.
The business aims to make stock market investing simpler for retail investors. It does so by supporting them via investing services through an app. It offers stock portfolios and shares timely rebalance updates regarding when to buy/sell specific stocks.
Mr. Raamdeo Agrwal, the co-founder of Motilal Oswal Financial Services, is also a chairman of MOFSL’s asset management business Motilal Oswal Asset Management Company. He has presented the MOFSL group's "Buy Right, Sit Tight" investment philosophy as well as the "QGLP" (Quality Growth Longevity & Favorable Price) Investment Framework.
Since its launch in 1996, he has been the author of the yearly Motilal Oswal Wealth Creation Study and is the driving force behind the Group's highly acclaimed research. Insights from his 22 "Wealth Creation Studies" are compiled in his book, "The Art of Wealth Creation."
JainMatrix Investments was brought into existence by its Founder Punit Jain, a Research Analyst. It is a boutique investment advisory firm for the Indian financial markets. The firm conducts original equity research that recognizes high conviction winners and losers. It makes readable reports that make it easier for investors to invest their funds.
The research process they lead is independent, direct and honest. It sharply focuses on investment returns and wealth building for the long term. Its subscribers trust us to provide stock entry and exit calls, tracking, personal support and guidance.
Today, JainMatrix Investment is one of the leading equity investment firms when it comes to quality of research and track record. Mr. Jain’s work experience includes Management Consulting, Software Services Marketing, FMCG Sales and manufacturing on a Shop floor. He worked for 19 years in popular companies like TCS, Sonata Software, Godrej & Boyce and Balsara Hygiene Products, before establishing his own company JainMatrix Investments.
Research Analyst Punit Jain is certified and registered (SEBI Regn. INH200002747). He holds an MBA (MMS from Sydenham Management, Bombay University) and a B.Tech from NIT Calicut. In addition, he holds an Equity Sales Certification from NISM-SEBI and a Postgraduate degree in Equity Valuation from ICFAI. He has been an independent investor for many years, and his extensive and diverse professional background has given him the ability to develop a distinct and autonomous viewpoint and spot profitable industries, businesses, and winners early on. His passion is investing in Indian equities markets, and JainMatrix Investments provides him with the opportunity to cultivate an equity culture among investors.
Rajesh Satpute is an accomplished Technical and Derivatives Analyst having more than two decades of experience in equity research. Since he is a SEBI Registered Research Analyst (SEBI REGISTRATION No. : INH000005494), he has expertise in analyzing global trends and understanding their influence on the Indian equity markets.
Rajesh has knowledge of both Elliot Wave Theory and Dow Theory, as well as how they relate to various market cycles, including bull and bear markets. He has worked with some of India's top business and financial news channels and websites, including CNBC AWAAZ, BTVI, Zee Business, and moneycontrol.com. He is a highly sought-after television guest.
Presently, he frequently appears on CNBC AWAAZ, the leading Hindi business channel in India, and the audience greatly values his opinions. His mastery of Elliott Wave Theory and Contrarian Theory has allowed investors to make long-term equities market bets.
Prominent periodicals like Sakal and Economic Times have published his research calls and essays. He has given advice that has benefited retail investors and makes objective, professional decisions in every market scenario. He worked closely with the PSE (Pune Stock Exchange) Training Institute and MITCON as a chosen Guest Lecturer. Rajesh has been leading multiple seminars on Technical & Derivatives Analysis due to his strong interpersonal and communication abilities.
Throughout his career, Rajesh has held positions with prestigious financial institutions such as Motilal Oswal Financial Services Ltd., Mangal Keshav Financial Services LLP, and Anand Rathi Share & Stock Brokers Ltd.
In this blog post, we outlined the top 10 SEBI research analyst in India in our opinion. These research analysts analyse the share market trends and come up with reports to help their client make wise investment decisions. All of them are registered with the Securities and Exchange Board of India.
In case you want to become a SEBI research analyst, connect with Registrationwala for assistance in the registration process!
Q1. Who is responsible for registering Research Analysts in India?
A. The Securities and Exchange Board of India registers and regulates the Research Analysts in India.
Q2. Under which regulations is SEBI registration mandatory for Research Analysts?
b As per the SEBI (Research Analysts) Regulations, 2014, it is mandatory for individuals and entities to register with SEBI before offering research analysis services.
Q3. How many SEBI-registered Research Analysts are there in India?
A. As of April 3, 2025, there are 1,503 SEBI-registered Research Analysts in India.
Disclaimer: Although we have provided a list of the top 10 SEBI-registered research analysts, this is based on the author’s opinion and should not be considered financial advice. We do not recommend making any investment decisions solely based on this article. We are not liable for any financial losses or decisions you make. Please do your own research and choose wisely.
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