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SEBI Registered Investment Advisers in Indore, Madhya Pradesh

28 SEBI registered investment advisers (RIAs) are based in Indore, Madhya Pradesh: 68% of the 41 in Madhya Pradesh, the most of any city in the state. 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 Indore

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. 1

    SHRI AKHILESH CHAWDA PROPRIETOR M/S CAPITAL COW RESEARCH

    INA000001126Indore, Madhya PradeshRegistered since Feb 2014 · 12 years

  2. 2

    RAJIV SHARMA PROPRIETOR M/S CAPITAL LIFE MARKET RESEARCH

    INA000001365Indore, Madhya PradeshRegistered since Mar 2014 · 12 years

  3. 3

    GAURAV AGRAWAL PROPRIETOR PROFIT VISTA FINANCIAL RESEARCH

    INA000002678Indore, Madhya PradeshRegistered since Feb 2015 · 11 years

  4. 4

    AKANSHA JAIN PROPRIETOR DYNAMIC MONEY RESEARCH ADVISORY SERVICES

    INA000003254Indore, Madhya PradeshRegistered since Jul 2015 · 11 years

  5. 5

    AKHILESH JAIN PROPRIETOR EH RESEARCH

    INA000003767Indore, Madhya PradeshRegistered since Nov 2015 · 10 years

  6. 6

    NIMISH DEHARIYA PROPRIETOR IR24

    INA000004187Indore, Madhya PradeshRegistered since Feb 2016 · 10 years

  7. 7

    RAJU SATPUTE PROPRIETOR THE EQUAL RESEARCH

    INA000004377Indore, Madhya PradeshRegistered since Mar 2016 · 10 years

  8. 8

    SANTOSH KUMAR SAHU PROPRIETOR SMART MONEY FINANCIAL SERVICES

    INA000004427Indore, Madhya PradeshRegistered since Mar 2016 · 10 years

  9. 9

    DEEP KANDPAL PROP. RESEARCH INN INVESTMENT ADVISOR

    INA000004450Indore, Madhya PradeshRegistered since Mar 2016 · 10 years

  10. 10

    RAJU JHARIYA PROPRIETOR CAPITAL VRADDHI FINANCIAL SERVICES

    INA000005291Indore, Madhya PradeshRegistered since Aug 2016 · 10 years

Other cities in Madhya Pradesh

AJ

AKANSHA JAIN PROPRIETOR DYNAMIC MONEY RESEARCH ADVISORY SERVICES

SEBI: INA000003254
Indore, Madhya Pradesh

AKANSHA JAIN PROPRIETOR DYNAMIC MONEY RESEARCH ADVISORY SERVICES is a SEBI Registered Investment Adviser based in Indore, Madhya Pradesh, with registration number INA000003254, registered since 20 July 2015. View their profile, investment advice offerings and contact details.

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AJ

AKHILESH JAIN PROPRIETOR EH RESEARCH

SEBI: INA000003767
Indore, Madhya Pradesh

AKHILESH JAIN PROPRIETOR EH RESEARCH is a SEBI Registered Investment Adviser based in Indore, Madhya Pradesh, with registration number INA000003767, registered since 9 November 2015. View their profile, investment advice offerings and contact details.

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AM

Amit Malviya Proprietor of Moneyplant Investment Advisory

SEBI: INA000007924
Indore, Madhya Pradesh

Amit Malviya Proprietor of Moneyplant Investment Advisory is a SEBI Registered Investment Adviser based in Indore, Madhya Pradesh, with registration number INA000007924, registered since 28 June 2017. View their profile, investment advice offerings and contact details.

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AA

Ankit Agrawal

SEBI: INA000023074
Indore, Madhya Pradesh

Ankit Agrawal is a SEBI Registered Investment Adviser based in Indore, Madhya Pradesh, with registration number INA000023074, registered since 3 August 2026. View their profile, investment advice offerings and contact details.

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AJ

Ankur Jain Proprietor Winway Research

SEBI: INA000007492
Indore, Madhya Pradesh

Ankur Jain Proprietor Winway Research is a SEBI Registered Investment Adviser based in Indore, Madhya Pradesh, with registration number INA000007492, registered since 11 April 2017. View their profile, investment advice offerings and contact details.

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AS

ANKUSH SANODIYA PROPRIE TOR of DELIGHT FINANCIAL SERVICES

SEBI: INA000009278
Indore, Madhya Pradesh

ANKUSH SANODIYA PROPRIE TOR of DELIGHT FINANCIAL SERVICES is a SEBI Registered Investment Adviser based in Indore, Madhya Pradesh, with registration number INA000009278, registered since 14 December 2017. View their profile, investment advice offerings and contact details.

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AS

Anugya Singh

SEBI: INA000009959
Indore, Madhya Pradesh

Anugya Singh is a SEBI Registered Investment Adviser based in Indore, Madhya Pradesh, with registration number INA000009959, registered since 1 March 2018. View their profile, investment advice offerings and contact details.

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CE

Compound Everyday Capital Management LLP

SEBI: INA000017198
Indore, Madhya Pradesh

Compound Everyday Capital Management LLP is a SEBI Registered Investment Adviser based in Indore, Madhya Pradesh, with registration number INA000017198, registered since 23 September 2022. View their profile, investment advice offerings and contact details.

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DK

DEEP KANDPAL PROP. RESEARCH INN INVESTMENT ADVISOR

SEBI: INA000004450
Indore, Madhya Pradesh

DEEP KANDPAL PROP. RESEARCH INN INVESTMENT ADVISOR is a SEBI Registered Investment Adviser based in Indore, Madhya Pradesh, with registration number INA000004450, registered since 31 March 2016. View their profile, investment advice offerings and contact details.

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DO

DEEPAK OSTWAL PROPRIETOR OF CAPITAL WAYS INVESTMENT ADVISER

SEBI: INA000008862
Indore, Madhya Pradesh

DEEPAK OSTWAL PROPRIETOR OF CAPITAL WAYS INVESTMENT ADVISER is a SEBI Registered Investment Adviser based in Indore, Madhya Pradesh, with registration number INA000008862, registered since 8 November 2017. View their profile, investment advice offerings and contact details.

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EA

Equisense Advisors Private Limited

SEBI: INA000019840
Indore, Madhya Pradesh

Equisense Advisors Private Limited is a SEBI Registered Investment Adviser based in Indore, Madhya Pradesh, with registration number INA000019840, registered since 30 January 2025. View their profile, investment advice offerings and contact details.

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GA

GAURAV AGRAWAL PROPRIETOR PROFIT VISTA FINANCIAL RESEARCH

SEBI: INA000002678
Indore, Madhya Pradesh

GAURAV AGRAWAL PROPRIETOR PROFIT VISTA FINANCIAL RESEARCH is a SEBI Registered Investment Adviser based in Indore, Madhya Pradesh, with registration number INA000002678, registered since 19 February 2015. View their profile, investment advice offerings and contact details.

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JS

JHANAVIKA SINGH PROPRIETOR FINTHERP WEALTH MANAGEMENT

SEBI: INA000007997
Indore, Madhya Pradesh

JHANAVIKA SINGH PROPRIETOR FINTHERP WEALTH MANAGEMENT is a SEBI Registered Investment Adviser based in Indore, Madhya Pradesh, with registration number INA000007997, registered since 4 July 2017. View their profile, investment advice offerings and contact details.

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MF

Moral Financial Research

SEBI: INA000008093
Indore, Madhya Pradesh

Moral Financial Research is a SEBI Registered Investment Adviser based in Indore, Madhya Pradesh, with registration number INA000008093, registered since 19 July 2017. View their profile, investment advice offerings and contact details.

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NR

Networth Research And Investment Advisor, Proprietor Neha Saluja

SEBI: INA000010159
Indore, Madhya Pradesh

Networth Research And Investment Advisor, Proprietor Neha Saluja is a SEBI Registered Investment Adviser based in Indore, Madhya Pradesh, with registration number INA000010159, registered since 2 April 2018. View their profile, investment advice offerings and contact details.

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NT

Nidhi Tripathi Proprietor of The Tradebond

SEBI: INA100012570
Indore, Madhya Pradesh

Nidhi Tripathi Proprietor of The Tradebond is a SEBI Registered Investment Adviser based in Indore, Madhya Pradesh, with registration number INA100012570, registered since 1 March 2019. View their profile, investment advice offerings and contact details.

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ND

NIMISH DEHARIYA PROPRIETOR IR24

SEBI: INA000004187
Indore, Madhya Pradesh

NIMISH DEHARIYA PROPRIETOR IR24 is a SEBI Registered Investment Adviser based in Indore, Madhya Pradesh, with registration number INA000004187, registered since 12 February 2016. View their profile, investment advice offerings and contact details.

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NR

Nivesh Research

SEBI: INA000007951
Indore, Madhya Pradesh

Nivesh Research is a SEBI Registered Investment Adviser based in Indore, Madhya Pradesh, with registration number INA000007951, registered since 29 June 2017. View their profile, investment advice offerings and contact details.

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RS

RAJIV SHARMA PROPRIETOR M/S CAPITAL LIFE MARKET RESEARCH

SEBI: INA000001365
Indore, Madhya Pradesh

RAJIV SHARMA PROPRIETOR M/S CAPITAL LIFE MARKET RESEARCH is a SEBI Registered Investment Adviser based in Indore, Madhya Pradesh, with registration number INA000001365, registered since 27 March 2014. View their profile, investment advice offerings and contact details.

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RJ

RAJU JHARIYA PROPRIETOR CAPITAL VRADDHI FINANCIAL SERVICES

SEBI: INA000005291
Indore, Madhya Pradesh

RAJU JHARIYA PROPRIETOR CAPITAL VRADDHI FINANCIAL SERVICES is a SEBI Registered Investment Adviser based in Indore, Madhya Pradesh, with registration number INA000005291, registered since 3 August 2016. View their profile, investment advice offerings and contact details.

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RS

RAJU SATPUTE PROPRIETOR THE EQUAL RESEARCH

SEBI: INA000004377
Indore, Madhya Pradesh

RAJU SATPUTE PROPRIETOR THE EQUAL RESEARCH is a SEBI Registered Investment Adviser based in Indore, Madhya Pradesh, with registration number INA000004377, registered since 16 March 2016. View their profile, investment advice offerings and contact details.

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RC

Rio Capital Investment Advisor

SEBI: INA000013402
Indore, Madhya Pradesh

Rio Capital Investment Advisor is a SEBI Registered Investment Adviser based in Indore, Madhya Pradesh, with registration number INA000013402, registered since 31 May 2019. View their profile, investment advice offerings and contact details.

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SK

SANTOSH KUMAR SAHU PROPRIETOR SMART MONEY FINANCIAL SERVICES

SEBI: INA000004427
Indore, Madhya Pradesh

SANTOSH KUMAR SAHU PROPRIETOR SMART MONEY FINANCIAL SERVICES is a SEBI Registered Investment Adviser based in Indore, Madhya Pradesh, with registration number INA000004427, registered since 21 March 2016. View their profile, investment advice offerings and contact details.

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SJ

SHIVANSU JAISWAL PROPRIETOR of INVESTMENT MULTIPLIER FINANCIAL SERVICES

SEBI: INA000009427
Indore, Madhya Pradesh

SHIVANSU JAISWAL PROPRIETOR of INVESTMENT MULTIPLIER FINANCIAL SERVICES is a SEBI Registered Investment Adviser based in Indore, Madhya Pradesh, with registration number INA000009427, registered since 29 December 2017. View their profile, investment advice offerings and contact details.

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Frequently asked questions about SEBI investment advisers in Indore, Madhya Pradesh

Who are the top SEBI registered investment advisers in Indore?
Ranked by public criteria (verified profiles first, then the longest active SEBI registration), the top SEBI registered investment advisers in Indore, 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 Indore?
28 SEBI registered investment advisers (RIAs) based in Indore, Madhya Pradesh are listed on Finuro.
Which other cities in Madhya Pradesh have SEBI registered investment advisers?
Other cities in Madhya Pradesh with SEBI registered investment advisers on Finuro include Bhopal (5).
How do I check if a investment adviser in Indore 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.

All SEBI registered investment advisers in Madhya Pradesh→