SEBI registered research analysts and investment advisers in Maharashtra
Maharashtra has 1,071 advisers on SEBI's registers: 677 research analysts and 394 investment advisers. 270 of them began their current registration in the last 12 months.
Research analysts
677
Investment advisers
394
New in the last 12 months
270
Share of India
31.7% (rank 1)
New registrations by year
| Year | Advisers |
|---|---|
| 2019 | 34 |
| 2020 | 30 |
| 2021 | 54 |
| 2022 | 89 |
| 2023 | 76 |
| 2024 | 127 |
| 2025 | 193 |
| 2026 (to 28 October 2026) | 226 |
Where in Maharashtra
- Mumbai: 638
- Pune: 157
- Thane: 93
- Navi Mumbai: 47
- Nagpur: 40
Registering from Maharashtra? We prepare the documents, file on the portal and answer BSE until SEBI decides.
Registering as an adviser from Maharashtra
An individual application also needs a Shops and Establishments registration for your office under the Maharashtra law that applies to it. These free tools cover the rest:
We handle the filing: research analyst registration or investment adviser registration.
How we count: every adviser on SEBI's research analyst and investment adviser registers, placed in the state of the address it lists, read on 28 October 2026. The year is when the current registration began, as the register shows it. Source: SEBI, Recognised Intermediaries: Research Analysts and Investment Advisers registers (sebi.gov.in). India total: 3,381.