Following tips, not a method
Acting on calls and chatter without a framework of your own makes every trade a coin flip — and every loss a surprise.
SEBI Registered Research Analyst
INH000028990
Let's master
Let's master
the simplicity.
Technical-first equity research, Surat.
We treat every idea as a chart problem before it's a story problem — find the setup, define where it's wrong, then size the risk before the reward is even in the room.
Setup confirmedBreakout ✓ volume
Idea anatomy
confirmation > anticipation
We act on confirmation, not anticipation.
Risk definedStop-loss before entry
SEBI RegisteredIndividual RA · Perpetual validity
RAASB (BSE) EnlistedEnlistment No. 7359
Techno-Funda ProcessChart-confirmed, catalyst-led
Risk FirstDefined invalidation on every idea
NISM Series XVResearch Analyst certified
Mota Varachha, SuratGujarat · India
Why retail traders struggle
It's rarely the stock.
It's rarely the stock.
It's the process.
Most losses in the market don't come from picking the "wrong" stock. They come from having no plan for when you're wrong.
No defined risk before entry
Buying because a stock "looks good" and figuring out the exit later is how small losses become account-damaging ones.
Reacting instead of following a process
Fear, greed and hope take over when there's no repeatable checklist — turning a trade into an emotional decision.
Our edge
Sharp eyes
Sharp eyes
on the chart
A falcon doesn't chase every movement in the sky. It circles, watches, and commits only when the target is unmistakable — then closes the distance fast and with total precision. That's the discipline behind every idea we publish: patient observation while the setup builds, decisive action the moment it confirms, and a clean exit the moment we're wrong.
Patience while it builds. Precision when it confirms.
Our framework
Seven checkpoints,
01
02
03
04
05
06
07
→
Seven checkpoints,
one decision
Before an idea becomes a call, it passes through the same sequence every time. Nothing skips the queue.
Catalyst
Every idea starts with a trigger — something that could change how the market prices the business, not just a cheap-looking number on a screen.
We scan for: earnings acceleration, margin expansion, order wins, new products, capacity additions, management changes.
Growth
A catalyst means little without evidence behind it. We look for a real, measurable change in the business — not a story that sounds good on a call.
We check: revenue trend, margin direction, demand commentary, sector tailwinds.
Leadership
A strong company in a weak sector can still struggle. We want stocks that are leading, not merely participating in a rally someone else started.
We compare: stock vs. sector vs. Nifty relative strength, capital rotation into the theme.
Setup
A good fundamental story is not automatically a good trade. We wait for price to build a structure that gives us a clearly identifiable entry.
We look for: breakouts, tight bases, higher highs & higher lows, volume expansion.
Entry
We enter close enough to a logical invalidation level that the downside stays controlled — confirmation matters more than being early.
We define: exact entry zone, stop-loss level, and the reason both were chosen.
Risk
Conviction never decides position size — the distance to our stop does. Capital is diversified across ideas rather than concentrated on one "sure thing."
We size by: capital at risk per idea, not capital available to deploy.
Management
The call doesn't end at entry. We track what would make us hold, add, trim, or exit — and we act the moment the market tells us we're wrong.
We respect: stop-loss discipline over hope; no averaging down to rescue a losing thesis.
The result
An idea you can act on with a number attached to every part of it — where to enter, where you're wrong, and how much that costs you.
Never included: assured returns, tips, or a reason to trade for the sake of trading.
← swipe to see all seven →
Research philosophy
Price leads.
Price leads.
We confirm, we
don't predict.
We don't try to guess what a stock will do — we wait for the chart to show us what the market is willing to do, then act once the risk is clearly defined. Fundamentals tell us why capital might rotate into a business; price action tells us when that rotation is actually happening. A good story with no confirming structure isn't a trade yet. It's a guess wearing a research report.
01
Price confirms the thesis
Breakouts, tight bases, and relative-strength leadership tell us the market agrees — anticipation alone doesn't earn an entry.
02
Risk decides the size
Every setup starts with the level that invalidates it. Position size follows from that, never from conviction.
03
Leadership over "cheap"
We'd rather own a stock showing strength than one that merely looks undervalued on a spreadsheet.
04
Process over prediction
We don't need to catch every winner. We need a repeatable process that lets winners run and keeps losses small.
The psychology behind our process
- Fear causes premature exits from perfectly good setups.
- Greed causes oversized positions that one bad trade can wipe out.
- Hope turns a trade into an accidental long-term investment.
- Ego makes it expensive to accept that a thesis was wrong.
- Impatience manufactures trades that were never really there.
No trade is also a decision. Being wrong is acceptable — refusing to accept being wrong is expensive. Missing a trade is better than forcing a bad one.
We don't need to be right every time. We need to manage the times we're wrong.
The house rule
Influenced by market legends
Borrowed discipline, our own framework
Our methodology draws on decades of chart-reading and risk discipline. The quotations are brief, attributed excerpts — the framework built around them is our own.
"Be concerned with the risk you are taking."
Mark Minervini Trader & author, on asymmetric, low-risk entriesOur takeaway: define the risk first — then decide if the opportunity is worth taking.
"There are no good or bad stocks, only rising and falling stocks."
Nicolas Darvas Trader, on price strength and trendOur takeaway: we prefer stocks demonstrating leadership over stocks that merely look inexpensive.
What we research
Four ways we cover the market
Every call is filed under one of these, so you always know what kind of idea you're getting and how long to hold it.
Swing Trades
Multi-day to multi-week setups built around a confirmed breakout or base, with a defined stop and target.
Days → weeks
Momentum Breakouts
Stocks showing leadership and relative strength, entered only once price confirms the move with volume.
Weeks
Techno-Funda Picks
A business catalyst backed by earnings or demand evidence, timed with a technical structure that confirms it.
Weeks → months
Positional & Long-Term
Wealth-building ideas held for months to years, revisited with periodic reviews as the thesis develops.
Months → years
Getting started
Three steps.
Three steps.
About ten minutes.
We built the onboarding the way we build a trade — as few unnecessary steps as possible.
1
Pick a plan
Choose Monthly, 3-Month, 6-Month or Annual. Prices are fixed and shown upfront — nothing hidden, no surprise renewal charges.
2
Complete KYC & sign the agreement
KYC and the research-services agreement are completed before any fee is collected, as required under the SEBI (Research Analysts) Regulations, 2014.
3
Start receiving research
Pay through banking channels only, and your first report — plus every update going forward — reaches you on the agreed channel.
Cancel per the subscription agreement — no lock-in tricks
Banking channels only — no cash, ever
SEBI Reg. INH000028990 — verify us anytime on SCORES
Subscription
Research access plans
One research process, delivered at the cadence that suits you. Fees are fixed as shown — no hidden charges.
Monthly
₹2,450
billed once a month
- Swing trading & momentum calls
- Entry, stop & target levels
- Email + WhatsApp alerts
3 Months
₹6,615
billed once every 3 months
- Everything in Monthly
- Techno-funda stock picks
- Quarterly strategy note
Most popular
6 Months
₹12,495
billed once every 6 months
- Everything in 3 Months
- Medium-term positional targets
- Mid-year portfolio review
Annual
₹22,638
billed once a year
- Everything in 6 Months
- Long-term wealth-building picks
- Lowest effective monthly cost
Payments: accepted only through banking channels from the client's own bank account — no cash, as per SEBI norms. Fees are within the limits prescribed by SEBI for Research Analysts. Cancellation & refunds: no refund is due for the period a report has already been delivered under the active subscription; if the subscription is discontinued mid-term due to a service default on our part, a pro-rata refund for the unexpired period will be considered. Full terms are shared in the research-services agreement and MITC before payment.
What you can expect
- Entry, stop-loss and target levels on every call
- Timely updates when a covered stock's setup changes
- Clear labelling of swing, momentum, techno-funda or long-term calls
- Straight answers, including when we're wrong
What we don't offer
- Intraday / day-trading tips
- Guaranteed or assured returns of any kind
- Execution of trades or handling of your demat account
- Profit-sharing arrangements
Before you subscribe
Questions worth asking
Do you guarantee returns?
No — and no SEBI Registered Research Analyst is permitted to. Registration granted by SEBI, enlistment with the Exchange and certification from NISM in no way guarantee performance or provide any assurance of returns. Research is probabilistic, not predictive. If anyone offers you assured returns, report them to SEBI.
Will you manage my money or place trades for me?
No. A Research Analyst publishes research and recommendations. We never take custody of your funds, never operate your demat or trading account, and never enter into profit-sharing arrangements. Every execution decision remains yours.
How do I pay, and what happens if I want to stop?
Fees are collected in advance for the chosen plan period, through banking channels from your own account — never in cash. Cancellation and refunds follow the research-services agreement and MITC shared with you before payment; no refund is due for a period in which reports have already been delivered.
Do you disclose your own holdings in a recommended stock?
Yes. Any financial interest, holding or material conflict of interest in a recommended security is disclosed in the research report itself, as required under the SEBI (Research Analysts) Regulations, 2014. See the Disclosures section below for the standing position.
What if I have a complaint?
Write to us first — grievances are redressed within 21 days of receipt. If you are not satisfied, escalate to SEBI's SCORES platform, and thereafter to the SMART ODR platform for online conciliation or arbitration. The full escalation matrix, with names, timings and contacts, is published in the Compliance section below.
Can I share the reports with friends or a group?
No. Research reports are for the exclusive, personal use of the subscriber. Forwarding or redistributing calls, messages or reports through any medium breaches your subscription agreement and can attract legal action.
Registration
My registration, on record
These are the details SEBI holds. Check them against the regulator's own directory rather than taking my word for it.
SEBI · Research Analyst · Registration Record
Research AnalystBrij Balar
Registration NumberINH000028990
Registration TypeIndividual
ValidityJul 17, 2026 — Perpetual
Principal & Compliance OfficerBrij Balar
Principal RegulatorSEBI (RAASB — BSE)
Email[email protected]
Telephone+91 63535 12227
RAASB (BSE) Enlistment No.7359
Registered OfficeC-804, Apple Heights, Near AR, Mota Varachha, Surat, Gujarat
If you have a complaint
Start with me. If I do not sort it out, the next two steps are outside my control, which is rather the point of them.
Level 1 · Write to us
Grievance Officer
Reach Brij Balar directly at [email protected] or +91 63535 12227. Grievances are redressed within 21 days of receipt.
Escalation matrix ↓
Level 2 · Escalate to SEBI
SCORES Portal
If my answer does not satisfy you, lodge a complaint on SCORES, which is SEBI's own redressal system. You can track its progress there yourself.
Go to SCORES ↗
Level 3 · Independent resolution
Smart ODR
Unresolved disputes can be taken to the Smart ODR platform for online conciliation and arbitration, independent of both parties.
Go to Smart ODR ↗SEBI Head Office: SEBI Bhavan, Plot No. C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (E), Mumbai – 400 051, Maharashtra · www.sebi.gov.in
The official bit
Compliance & Disclosures
The matters a Research Analyst is required to disclose on its website, published under the SEBI (Research Analysts) Regulations, 2014 and the SEBI Master Circular for Research Analysts. Tap a topic to expand it.
Research Analyst — Registration Details
- Research Analyst
- Brij Balar
- Type of registration
- Individual
- SEBI Registration No.
- INH000028990
- RAASB (BSE) Enlistment No.
- 7359
- Date of registration
- 17 July 2026
- Validity
- Perpetual
- Certification
- NISM Series XV — Research Analyst
- Principal regulator
- SEBI (RAASB — BSE)
- Principal Officer
- Brij Balar
- Compliance Officer
- Brij Balar
- Grievance Officer
- Brij Balar
- Telephone
- +91 63535 12227
- [email protected]
- Registered & correspondence address
- C-804, Apple Heights, Near AR, Mota Varachha, Surat, Gujarat
Standard warning
Investments in the securities market are subject to market risks. Please read all related documents carefully before investing.
Disclaimer
Registration granted by SEBI, enlistment of RA with Exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
01 · Investor Charter
Vision, mission, services, investor rights and responsibilities.
Annexure A — Investor Charter in respect of Research Analysts (RAs).
1. Vision and Mission Statements for investors
Vision: Invest with knowledge & safety.
Mission: Every investor should be able to invest in right investment products based on their needs, manage and monitor them to meet their goals, access reports and enjoy financial wellness.
2. Details of business transacted by the Research Analyst with respect to the investors
- To publish research report based on the research activities of the RA.
- To provide an independent unbiased view on securities.
- To offer unbiased recommendation, disclosing the financial interests in recommended securities.
- To provide research recommendation, based on analysis of publicly available information and known observations.
- To conduct audit annually.
- To ensure that all advertisements are in adherence to the provisions of the Advertisement Code for Research Analysts.
- To maintain records of interactions, with all clients including prospective clients (prior to onboarding), where any conversation related to the research services has taken place.
3. Details of services provided to investors (No Indicative Timelines)
Onboarding of clients
- Sharing of terms and conditions of research services.
- Completing KYC of fee paying clients.
Disclosure to clients
- To disclose, information that is material for the client to make an informed decision, including details of its business activity, disciplinary history, the terms and conditions of research services, details of associates, risks and conflicts of interest, if any.
- To disclose the extent of use of Artificial Intelligence tools in providing research services.
- To disclose, while distributing a third party research report, any material conflict of interest of such third party research provider or provide web address that directs a recipient to the relevant disclosures.
- To disclose any conflict of interest of the activities of providing research services with other activities of the research analyst.
- To distribute research reports and recommendations to the clients without discrimination.
- To maintain confidentiality w.r.t publication of the research report until made available in the public domain.
- To respect data privacy rights of clients and take measures to protect unauthorized use of their confidential information.
- To disclose the timelines for the services provided by the research analyst to clients and ensure adherence to the said timelines.
- To provide clear guidance and adequate caution notice to clients when providing recommendations for dealing in complex and high-risk financial products/services.
- To treat all clients with honesty and integrity.
- To ensure confidentiality of information shared by clients unless such information is required to be provided in furtherance of discharging legal obligations or a client has provided specific consent to share such information.
4. Details of grievance redressal mechanism and how to access it
Investor can lodge complaint/grievance against the Research Analyst in the following ways:
- Mode of filing the complaint with the research analystIn case of any grievance/complaint, an investor may approach the concerned Research Analyst who shall strive to redress the grievance immediately, but not later than 21 days of the receipt of the grievance.
- Mode of filing the complaint on SCORES or with RAASBSCORES 2.0 (a web based centralized grievance redressal system of SEBI for facilitating effective grievance redressal in time-bound manner) — scores.sebi.gov.in. Two level review for complaint/grievance against a Research Analyst: first review done by the designated body (RAASB); second review done by SEBI. An investor may also email the designated email ID of RAASB.
- SMART ODRIf the investor is not satisfied with the resolution provided by the Market Participants, then the investor has the option to file the complaint/grievance on the SMART ODR platform for its resolution through online conciliation or arbitration.
With regard to physical complaints, investors may send their complaints to:
Office of Investor Assistance and Education,
Securities and Exchange Board of India,
SEBI Bhavan, Plot No. C4-A, 'G' Block,
Bandra-Kurla Complex, Bandra (E),
Mumbai – 400 051
5. Rights of investors
- Right to Privacy and Confidentiality
- Right to Transparent Practices
- Right to fair and Equitable Treatment
- Right to Adequate Information
- Right to Initial and Continuing Disclosure
- Right to receive information about all the statutory and regulatory disclosures
- Right to Fair & True Advertisement
- Right to Awareness about Service Parameters and Turnaround Times
- Right to be informed of the timelines for each service
- Right to be Heard and Satisfactory Grievance Redressal
- Right to have timely redressal
- Right to Exit from a financial product or service in accordance with the terms and conditions agreed with the research analyst
- Right to receive clear guidance and caution notice when dealing in complex and high risk financial products and services
- Additional Rights to vulnerable consumers
- Right to get access to services in a suitable manner even if differently abled
- Right to provide feedback on the financial products and services used
- Right against coercive, unfair and one-sided clauses in financial agreements
6. Expectations from the investors (Responsibilities of investors)
Do's
- Always deal with a SEBI registered Research Analyst.
- Ensure that the Research Analyst has a valid registration certificate.
- Check for the SEBI registration number. Please refer to the list of all SEBI registered Research Analysts, available on the SEBI website at this link.
- Always pay attention towards disclosures made in the research reports before investing.
- Pay your Research Analyst through banking channels only and maintain duly signed receipts mentioning the details of your payments. You may make payment of fees through the Centralized Fee Collection Mechanism (CeFCoM) of RAASB if the research analyst has opted for the mechanism. (Applicable for fee paying clients only.)
- Before buying/selling securities or applying in a public offer, check for the research recommendation provided by your Research Analyst.
- Ask all relevant questions and clear your doubts with your Research Analyst before acting on a recommendation.
- Seek clarifications and guidance on research recommendations from your Research Analyst, especially if it involves complex and high risk financial products and services.
- Always be aware that you have the right to stop availing the service of a Research Analyst as per the terms of service agreed between you and your Research Analyst.
- Always be aware that you have the right to provide feedback to your Research Analyst in respect of the services received.
- Always be aware that you will not be bound by any clause, prescribed by the research analyst, which is contravening any regulatory provisions.
- Inform SEBI about any Research Analyst offering assured or guaranteed returns.
Don'ts
- Do not provide funds for investment to the Research Analyst.
- Do not fall prey to luring advertisements or market rumors.
- Do not get attracted to limited period discounts or other incentives, gifts, etc. offered by a Research Analyst.
- Do not share login credentials and passwords of your trading, demat or bank accounts with the Research Analyst.
02 · Disclosures
Background, business, conflicts of interest and compensation.
1. About the Research Analyst
Mr. Brij Balar is a SEBI registered Research Analyst having his registered office at C-804, Apple Heights, Near AR, Mota Varachha, Surat, Gujarat. He was registered with SEBI as an Individual vide Registration number INH000028990 on 17 July 2026, pursuant to which he provides Research Analyst services to his clients.
2. Qualifications and experience
He holds the NISM Series XV — Research Analyst certification, as required under the SEBI (Research Analysts) Regulations, 2014.
3. Details of business activities
He provides research recommendations based on both technical and fundamental analysis. His process identifies a business catalyst, verifies it against measurable growth and sector leadership, and then waits for a technical structure that defines the entry, the stop-loss and the target before an idea becomes a recommendation.
4. Disciplinary history
There are no outstanding litigations and no disciplinary history against him. No penalties or directions have been issued by SEBI under the SEBI Act or the Regulations made thereunder, nor by any other regulatory authority.
5. Terms and conditions on which the research report is issued
He has exercised due diligence in checking the correctness and authenticity of the information contained herein, so far as it relates to current and historical information, but does not guarantee its accuracy or completeness. The opinions expressed are based on his current research as of the date appearing in the material and may be subject to change from time to time without notice.
He does not accept any liability arising from the use of this document or the information contained herein. The recipients of this material should rely on their own judgement and take their own professional advice before acting on this information.
He shall not be in any way responsible for any loss or damage that may arise to any person or persons from any inadvertent error in the information contained, or in the views and opinions expressed in this publication.
6. Financial interest
He or his associates, including relatives — (a) do not hold any financial interest in the subject Company; (b) do not have any actual or beneficial ownership of more than 1% in the subject Company; (c) do not have any other material conflict of interest. Where any such interest exists at the time of publication, it is disclosed in the research report itself.
7 – 10. Associates, compensation and market making
- He or his associates are not affiliated with any other intermediaries, and have not received any brokerage or commission from any third party.
- He or his associates have not received any compensation from the Company covered by the Research Analyst during the past twelve months.
- He or his associates have not managed or co-managed a public offering of securities of the Company during the past twelve months.
- He or his associates have not served as an officer, director or employee of the Company, and have not been engaged in market making activity for the Company.
11. Reliability of facts
He has ensured that the facts mentioned in the research report are taken from a reliable source and information. However, investors are advised to independently evaluate the market conditions and risks involved before making an investment decision.
12. Use of Artificial Intelligence
He may use Artificial Intelligence tools in the course of providing research services. The extent of any such use is disclosed to clients as required under the Investor Charter. The analysis, the judgement and the responsibility for every published recommendation remain his own.
03 · Disclaimers
Market risk, limitation of liability and social media.
Brij Balar is registered with SEBI as an Individual Research Analyst vide Registration number INH000028990 on 17 July 2026, pursuant to which he provides Research Analyst services to his clients.
Investment in the securities market is subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, enlistment with the Exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
- I am not affiliated with any other intermediaries, nor do I receive any brokerage or commission from any third party.
- SEBI has issued no penalties or directions under the SEBI Act, and no other regulatory body has done so.
- I do not recommend any stock broker or other intermediary to a client, nor do I receive any consideration by way of remuneration, compensation or in any other form whatsoever from a stock broker or another intermediary.
- Investment in equity shares has its own risks. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and on sources that I consider reliable. I, however, do not vouch for the consistency or the completeness thereof. This material is for personal information and I am not responsible for any loss incurred due to it, and take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations above.
- I do not provide any promise or assurance of a favourable view for a particular industry, sector or business group in any manner. The investor is requested to take into consideration all the risk factors including their financial condition and suitability to risk-return profile before investing.
- I or any other person related to me might be holding positions in the stocks recommended. Any such position is disclosed in the research report.
- Research recommendations are provided to all my clients who are entitled to receive research reports. Any client (paid or unpaid), any third party or anyone else has no right to forward or share my calls, SMS, reports or any information provided by me to or with anyone, through any medium, whether received directly or indirectly. If found so, serious legal action can be taken.
- If a client wants an opinion on a specific position, such suggestion or view shall under any circumstances be considered an opinion and not advice. I am not liable for any losses whatsoever the client may incur in accepting this opinion.
- I do not have any association in any manner with any issuer of products or securities; this ensures that there are no actual or potential conflicts of interest, and that objectivity and independence in carrying on research services is not compromised.
- Stock trading is inherently risky, and you agree to assume complete and full responsibility for the outcomes of all trading decisions that you make.
- Unlike an actual performance record, simulated results do not represent actual trading. No representation is being made that any account will, or is likely to, achieve profits or losses similar to those shown.
- You, and not I, assume the entire cost and risk of any trading you choose to undertake. You are solely responsible for making your own investment decisions. If you choose to engage in transactions with or without seeking advice from a licensed and qualified financial advisor or entity, then such decision and any consequences flowing therefrom are your sole responsibility.
- I encourage all investors to use the services as a resource to further their own research on all featured companies, stocks, sectors, markets and information presented.
- Everything posted on social media (X / Facebook / Instagram / Telegram / YouTube) is for education and illustration purposes and should not be counted as a recommendation or investment advice.
04 · Grievance Redressal Process
How to raise a complaint and how it is escalated.
The Research Analyst is committed to providing prompt, fair and transparent grievance redressal to all clients. Clients may follow the mechanism below for resolution of any grievance or feedback relating to the research services.
1. Contact the Research Analyst
If you are not satisfied with the services and wish to lodge a complaint, you may communicate your grievance by telephone or email. Every effort shall be made to acknowledge and resolve your grievance promptly.
Phone: +91 63535 12227 · Email: [email protected]
The Research Analyst shall endeavour to resolve the grievance within 7 business working days from the date of receipt, or within such timeline as may be prescribed by SEBI from time to time.
2. Escalation to the Research Analyst
If the grievance remains unresolved within the above timeline, escalate directly to:
- Name
- Brij Balar
- Designation
- Research Analyst, Principal Officer & Compliance Officer
- Address
- C-804, Apple Heights, Near AR, Mota Varachha, Surat, Gujarat
- [email protected]
- Phone
- +91 63535 12227
The Research Analyst shall personally review the grievance and make every effort to resolve it in a fair, transparent and timely manner in accordance with the SEBI (Research Analysts) Regulations, 2014 and the applicable SEBI Master Circular. In any case, all grievances shall be resolved within 21 calendar days from the date of receipt, as required under Regulation 26B.
3. Complaint through SCORES
If your grievance remains unresolved, lodge your complaint through the SEBI Complaints Redress System (SCORES 2.0) at scores.sebi.gov.in. Two-level review mechanism — first level: Research Analyst Administration and Supervisory Body (RAASB); second level: Securities and Exchange Board of India (SEBI).
4. Online Dispute Resolution (SMART ODR)
If you are not satisfied with the resolution provided through the above mechanism, you may initiate dispute resolution through the SMART Online Dispute Resolution platform at smartodr.in, for online conciliation and/or arbitration in accordance with the applicable SEBI framework.
5. Physical complaint to SEBI
Office of Investor Assistance and Education, Securities and Exchange Board of India (SEBI), SEBI Bhavan, Plot No. C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai – 400051.
05 · Escalation Matrix
Who to contact, at which stage, and when.
If you have a grievance, you can reach out for assistance using the contacts below. These details are provided to facilitate complainants approaching the Research Analyst before filing a complaint with SEBI.
| Designation | Contact person | Address | Contact no. | Working hours | |
|---|---|---|---|---|---|
| Customer Care | Brij Balar | C-804, Apple Heights, Near AR, Mota Varachha, Surat | +91 63535 12227 | [email protected] | Mon–Fri, 10:00 AM – 4:00 PM |
| Head of Customer Care | Brij Balar | C-804, Apple Heights, Near AR, Mota Varachha, Surat | +91 63535 12227 | [email protected] | Mon–Fri, 10:00 AM – 4:00 PM |
| Compliance Officer | Brij Balar | C-804, Apple Heights, Near AR, Mota Varachha, Surat | +91 63535 12227 | [email protected] | Mon–Fri, 10:00 AM – 4:00 PM |
| Principal Officer | Brij Balar | C-804, Apple Heights, Near AR, Mota Varachha, Surat | +91 63535 12227 | [email protected] | Mon–Fri, 10:00 AM – 4:00 PM |
Grievances are aimed to be resolved within 21 days from the date of receipt. If your grievance is not resolved within this timeframe, escalate it to SEBI's SCORES platform (scores.sebi.gov.in). If you remain unsatisfied with the resolution provided through this support or through SCORES, you may access the Online Dispute Resolution portal (smartodr.in).
06 · Complaints Data
Monthly investor-complaints disclosure.
Needs updating
Complaint register for Research Analyst INH000028990, disclosed in the format prescribed under the SEBI Master Circular (Investor Charter — Annexure B). All complaints, including SCORES complaints, are disclosed and updated on this website by the 7th of the succeeding month.
A. Data for the month ending 31 August 2026
Registration was granted on 17 July 2026. The figures below are the position as at the end of the reporting month. No complaint has been received from any source since registration.
| Sr. | Received from | Pending at end of last month | Received | Resolved* | Total pending# | Pending > 3 months | Average resolution time^ (days) |
|---|---|---|---|---|---|---|---|
| 1 | Directly from Investors | 0 | 0 | 0 | 0 | 0 | 0 |
| 2 | SEBI (SCORES) | 0 | 0 | 0 | 0 | 0 | 0 |
| 3 | Other Sources (if any) | 0 | 0 | 0 | 0 | 0 | 0 |
| Grand Total | 0 | 0 | 0 | 0 | 0 | — |
Number of complaints received during the month against the Research Analyst due to impersonation by some other entity: 0.
* Inclusive of complaints of previous months resolved in the current month. # Inclusive of complaints pending as on the last day of the month. ^ Average resolution time is the sum total of time taken to resolve each complaint in days in the current month, divided by the total number of complaints resolved in the current month.
B. Trend of monthly disposal of complaints
| Sr. | Month | Carried forward from previous month | Received | Resolved* | Pending# |
|---|---|---|---|---|---|
| 1 | July 2026 | 0 | 0 | 0 | 0 |
| 2 | August 2026 | 0 | 0 | 0 | 0 |
| Grand Total | 0 | 0 | 0 | 0 |
* Inclusive of complaints of previous months resolved in the current month. # Inclusive of complaints pending as on the last day of the month. Maintained from the month of registration (July 2026). Last updated for the month ending 31 August 2026.
C. Trend of annual disposal of complaints
| Sr. | Year | Carried forward from previous year | Received | Resolved** | Pending## |
|---|---|---|---|---|---|
| 1 | 2026-27 | 0 | 0 | 0 | 0 |
| Grand Total | 0 | 0 | 0 | 0 |
** Inclusive of complaints of previous years resolved in the current year. ## Inclusive of complaints pending as on the last day of the year. Maintained from the year of registration (FY 2026-27).
07 · SEBI Office Details
Where to write to the regulator directly.
Head Office
SEBI Bhavan BKC, Plot No. C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai – 400051, Maharashtra.
Regional office for this Research Analyst
The registered office of the Research Analyst is at Mota Varachha, Surat, Gujarat, which falls within the jurisdiction of SEBI's Western Regional Office, Ahmedabad. The current address and contact details of that office are published on the SEBI website; investors should refer to sebi.gov.in/contact-us for the office list, which SEBI keeps up to date.
Office of Investor Assistance and Education
Physical complaints may be sent to the Office of Investor Assistance and Education, Securities and Exchange Board of India (SEBI), SEBI Bhavan, Plot No. C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai – 400051.
Toll-free investor helpline: 1800 266 7575 / 1800 22 7575. SEBI website: sebi.gov.in. A complete, current list of SEBI's regional and local offices is published on the SEBI website.
08 · Audit Report
Annual compliance audit status.
Disclosure with respect to the annual compliance audit requirement under Regulation 25(3) of the SEBI (Research Analysts) Regulations, 2014. Annual audits are completed within the prescribed timeline and submitted to SEBI.
| Sr. | Financial year | Compliance audit status | Remarks |
|---|---|---|---|
| 1 | FY 2026-27 | Not yet due | Registration granted 17 July 2026; the first audit will be conducted within the prescribed timeline. |
Audit reports are published here once each annual compliance audit is completed.
09 · Accessibility Statement
Our commitment to an accessible website.
Brij Balar, SEBI Registered Research Analyst (INH000028990), is committed to ensuring that this website is accessible to everyone, including people with disabilities, those using assistive technologies, and older users.
Our commitment
We aim to meet the Web Content Accessibility Guidelines (WCAG) 2.2 Level AA published by the World Wide Web Consortium (W3C).
Accessibility features
- Keyboard-accessible navigation, menus, accordions and forms, with a visible focus indicator and a "skip to main content" link.
- Semantic HTML, a logical heading structure, ARIA labels, and data tables with row and column headers.
- Colour contrast that meets the AA thresholds for body text, headings and interface controls.
- Text that can be resized without loss of content or function, and layouts that reflow on phones, tablets and large displays.
- Respect for the operating system's "reduced motion" preference, and content that remains readable with JavaScript disabled.
- Wide compliance tables scroll within their own region rather than forcing the page sideways.
Ongoing commitment
Accessibility is an ongoing commitment. We continue to monitor and maintain accessibility as content and features change. If you encounter any accessibility barrier while using this website, please contact us using the details below and we will make reasonable efforts to provide the required information or assistance in an accessible format.
Feedback and contact
If you experience any difficulty accessing content on this website, or have feedback regarding accessibility improvements, please contact us. We aim to respond to accessibility-related concerns within 2 working days.
- Name
- Brij Balar
- Designation
- SEBI Registered Research Analyst (INH000028990)
- [email protected]
- Phone
- +91 63535 12227
Escalation
If you are not satisfied with the response regarding an accessibility concern, you may escalate your grievance through the SEBI investor grievance mechanism available on the SEBI SCORES portal.
Standard Warning: Investments in the securities market are subject to market risks. Please read all related documents carefully before investing.
Disclaimer: Registration granted by SEBI, enlistment of RA with Exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
Important risk disclaimer
- Investment in the securities market is subject to market risks. Read all related documents carefully before investing.
- Registration granted by SEBI, enlistment of RA with Exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
- Research is probabilistic, not predictive — no methodology can eliminate market risk, and no particular outcome or return is guaranteed.
- Past performance is not indicative of future returns. The research provided is for informational purposes and does not constitute personalised investment advice.
- Investors should consider their own investment objectives and risk tolerance, and consult their financial advisers where appropriate, before acting on any recommendation.
- Recommendations are for the exclusive, personal use of paid subscribers and are not personalised investment advice.
- Clients are requested to go through the Do's and Don'ts while dealing with a Research Analyst, as specified in SEBI Master Circular No. SEBI/HO/MIRSD-POD-1/P/CIR/2024/49 dated May 21, 2024, as may be updated by SEBI from time to time.
- Securities quoted, if any, on this website are for illustration only and are not recommendatory.
Get in touch
Questions, subscriptions,
Questions, subscriptions,
or a formal complaint
- Registered officeC-804, Apple Heights, Near AR,
Mota Varachha, Surat, Gujarat - Email[email protected]
- Phone+91 63535 12227
- Working hoursMon–Fri, 10:00 AM – 4:00 PM
- SEBI Reg. No.INH000028990