SEBI Registered Investment Advisers in Madhya Pradesh
41 SEBI registered investment advisers (RIAs) are based in Madhya Pradesh, across 9 cities and towns. Indore (28), Bhopal (5) and Ujjain (2) have the most. Each profile lists the adviser's SEBI registration number and registration date, so you can verify an RIA before paying for their investment advice. The full list below is sorted alphabetically.
Last updated on 3 November 2026. Source: registration numbers and dates from SEBI's public register. Confirm any adviser on SEBI's list of registered investment advisers.
Top 10 SEBI Registered Investment Advisers in Madhya Pradesh
Ranked by public, verifiable criteria: verified Finuro profiles first, then the longest active SEBI registration. This is not a rating of research quality or returns. Always verify registration on sebi.gov.in.
- 1
SHRI AKHILESH CHAWDA PROPRIETOR M/S CAPITAL COW RESEARCH
INA000001126Indore, Madhya PradeshRegistered since Feb 2014 · 12 years
- 2
RAJIV SHARMA PROPRIETOR M/S CAPITAL LIFE MARKET RESEARCH
INA000001365Indore, Madhya PradeshRegistered since Mar 2014 · 12 years
- 3
GAURAV AGRAWAL PROPRIETOR PROFIT VISTA FINANCIAL RESEARCH
INA000002678Indore, Madhya PradeshRegistered since Feb 2015 · 11 years
- 4
AKANSHA JAIN PROPRIETOR DYNAMIC MONEY RESEARCH ADVISORY SERVICES
INA000003254Indore, Madhya PradeshRegistered since Jul 2015 · 11 years
- 5
AKHILESH JAIN PROPRIETOR EH RESEARCH
INA000003767Indore, Madhya PradeshRegistered since Nov 2015 · 10 years
- 6
NIMISH DEHARIYA PROPRIETOR IR24
INA000004187Indore, Madhya PradeshRegistered since Feb 2016 · 10 years
- 7
RAJU SATPUTE PROPRIETOR THE EQUAL RESEARCH
INA000004377Indore, Madhya PradeshRegistered since Mar 2016 · 10 years
- 8
SANTOSH KUMAR SAHU PROPRIETOR SMART MONEY FINANCIAL SERVICES
INA000004427Indore, Madhya PradeshRegistered since Mar 2016 · 10 years
- 9
DEEP KANDPAL PROP. RESEARCH INN INVESTMENT ADVISOR
INA000004450Indore, Madhya PradeshRegistered since Mar 2016 · 10 years
- 10
RAJU JHARIYA PROPRIETOR CAPITAL VRADDHI FINANCIAL SERVICES
INA000005291Indore, Madhya PradeshRegistered since Aug 2016 · 10 years
City-wise distribution of SEBI investment advisers in Madhya Pradesh
| City | Registered RIAs |
|---|---|
| Indore | 28 |
| Bhopal | 5 |
| Ujjain | 2 |
| Other towns | 6 |
| Total in Madhya Pradesh | 41 |
Other investment advisers in Madhya Pradesh
Frequently asked questions about SEBI investment advisers in Madhya Pradesh
- Who are the top SEBI registered investment advisers in Madhya Pradesh?
- Ranked by public criteria (verified profiles first, then the longest active SEBI registration), the top SEBI registered investment advisers in Madhya Pradesh on Finuro are SHRI AKHILESH CHAWDA PROPRIETOR M/S CAPITAL COW RESEARCH (registered 12+ years), RAJIV SHARMA PROPRIETOR M/S CAPITAL LIFE MARKET RESEARCH (registered 12+ years), GAURAV AGRAWAL PROPRIETOR PROFIT VISTA FINANCIAL RESEARCH (registered 11+ years), AKANSHA JAIN PROPRIETOR DYNAMIC MONEY RESEARCH ADVISORY SERVICES (registered 11+ years), AKHILESH JAIN PROPRIETOR EH RESEARCH (registered 10+ years). This ranks registration history, not investment advice quality or returns.
- How many SEBI registered investment advisers are there in Madhya Pradesh?
- 41 SEBI registered investment advisers (RIAs) based in Madhya Pradesh are listed on Finuro.
- Which cities in Madhya Pradesh have the most SEBI registered investment advisers?
- The cities in Madhya Pradesh with the most SEBI registered investment advisers on Finuro are Indore (28), Bhopal (5).
- How do I check if a investment adviser in Madhya Pradesh is SEBI registered?
- Every SEBI registered investment adviser has a registration number starting with "INA". Open the adviser's profile on this page to see their registration number and registration date, then confirm it on SEBI's official intermediary search at sebi.gov.in.