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Axczel Research

Precision Research. AI Driven Trading. SEBI Registered Research Analyst delivering institutional-grade equity research and algorithmic trading solutions.

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Disclaimer: Axczel Research Pvt Ltd (SEBI Reg No: INH000027681) is a SEBI Registered Research Analyst. Investment in securities market is subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI and certification from NISM in no way guarantees performance of the intermediary or provides any assurance of returns to investors. Past performance is not indicative of future results. This is not an offer or solicitation for the purchase or sale of any financial instrument.

© 2026 Axczel Research Pvt Ltd. All rights reserved.

SEBI Registration: INH000027681  |  Principal Officer: Jestin James

Legal & Compliance

Legal Policies

Read our policies carefully before using Axczel Research services. These documents govern our relationship and protect both parties.

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Information We Collect

We collect information you provide directly when you register for our services, subscribe to research plans, or contact us. This includes name, email address, phone number, PAN details (for KYC compliance), and payment information.

We also automatically collect technical data including IP addresses, browser type, device identifiers, and usage patterns through cookies and similar technologies to improve our services and maintain security.

How We Use Your Information

  • To provide, maintain, and improve our research and trading services
  • To send research alerts, trade recommendations, and account communications
  • To comply with SEBI regulations, KYC requirements, and legal obligations
  • To detect and prevent fraud, abuse, and unauthorised access
  • To analyse usage patterns and improve user experience

Data Sharing

We do not sell, trade, or rent your personal information to third parties. We may share data with regulatory authorities (SEBI, exchanges) as required by law, and with trusted service providers who assist us in operating our platform under strict confidentiality agreements.

Data Retention

We retain personal data for as long as necessary to provide services and comply with legal obligations. SEBI regulations require us to maintain research records for a minimum of 5 years. You may request deletion of your data subject to these retention requirements.

Security

We implement industry-standard security measures including TLS encryption, access controls, and regular security audits. No data transmission over the Internet is 100% secure, and we cannot guarantee absolute security of your information.

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Acceptance of Terms

By accessing and using Axczel Research's services, you accept and agree to be bound by these Terms and Conditions. If you do not agree, please discontinue use immediately.

Nature of Service

Axczel Research Pvt Ltd (SEBI Reg: INH000027681) provides equity research and analysis as a SEBI Registered Research Analyst. Our services are informational in nature and do not constitute personalised investment advice, portfolio management, or guaranteed returns.

User Responsibilities

  • You must be at least 18 years of age and legally capable of entering into contracts
  • You are solely responsible for your investment decisions based on our research
  • You may not reproduce, resell, or redistribute our research without written permission
  • You must maintain the confidentiality of your account credentials
  • You must not use our services for any unlawful purpose or in violation of SEBI regulations

Intellectual Property

All content, models, algorithms, research reports, and software on our platform are proprietary to Axczel Research Pvt Ltd. Unauthorised use, reproduction, or distribution is prohibited and may result in legal action.

Limitation of Liability

To the maximum extent permitted by law, Axczel Research shall not be liable for any direct, indirect, incidental, or consequential losses arising from use of our research or reliance on our recommendations. Our maximum liability shall not exceed the subscription fees paid in the preceding 3 months.

Modifications

We reserve the right to modify these terms at any time. Continued use of our services after modifications constitutes acceptance of the updated terms. Material changes will be communicated via email.

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Subscription Fees

All subscription fees paid to Axczel Research Pvt Ltd are for access to our research platform and content. Given the digital and informational nature of our services, fees are generally non-refundable once access has been granted.

Eligibility for Refund

Refunds may be considered in the following circumstances:

  • Technical failure preventing access to subscribed services for more than 72 consecutive hours
  • Duplicate payment due to payment gateway error
  • Cancellation within 24 hours of initial subscription (before any research content is accessed)

Refund Process

To request a refund, email info@axczel.com within 7 days of the qualifying event with your subscription details and the reason for the refund request. Approved refunds will be processed within 10–15 working days to the original payment method.

Partial Refunds

For annual subscriptions cancelled mid-term (for reasons other than those listed above), we may at our discretion offer a pro-rata credit for unused months, applicable to a future subscription renewal.

Non-Refundable Items

Research reports, one-time advisory calls, and custom software development services are non-refundable once delivered.

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Investment Risk

Investment in securities market is subject to market risks. The value of investments can fall as well as rise, and you may receive back less than you originally invested. Past performance is not a reliable indicator of future results.

Equity and Derivatives Risk

  • Equity Risk: Stock prices can be highly volatile. Companies can underperform, face regulatory issues, or become insolvent, resulting in partial or total loss of investment.
  • Derivatives Risk: F&O instruments are leveraged products. Losses can exceed the initial margin deposited. These products are not suitable for all investors.
  • Liquidity Risk: Some securities may have limited liquidity, making it difficult to exit positions at desired prices.
  • Market Risk: Macro events, geopolitical developments, and systemic shocks can affect all asset classes simultaneously.

Algorithmic Trading Risk

Automated trading systems carry specific risks including software bugs, connectivity failures, exchange outages, and unintended order behaviour. Users of our Algo Platform must implement independent risk controls and monitor system performance continuously.

Model Risk

AI and quantitative models are based on historical data and statistical patterns. Models may fail in unprecedented market conditions or during regime changes. All model outputs should be treated as one input among many in investment decision-making.

Regulatory Risk

SEBI and other regulatory bodies may introduce rules affecting your ability to trade certain instruments. Regulatory changes may impact our services or their availability.

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Registration and Compliance

Axczel Research Pvt Ltd is registered with SEBI as a Research Analyst vide Registration No. INH000027681 under the SEBI (Research Analysts) Regulations, 2014.

Conflicts of Interest

Axczel Research and its principal officer may from time to time hold positions in securities mentioned in research reports. Such positions, if any, are disclosed in the relevant research reports. We do not receive compensation from companies covered in our research for producing research reports.

Independence

All research published by Axczel Research is based on information believed to be reliable at the time of publication. Research analysts are independent and their views are not influenced by any company, broker, or other party.

Not Personalised Advice

Research reports and trade recommendations provided by Axczel Research are general in nature and do not take into account the individual financial situation, objectives, or risk tolerance of any particular investor. Investors should consult a SEBI Registered Investment Adviser before making investment decisions.

Certification

The research analyst primarily responsible for the content of this research report certifies that the views expressed in the report accurately reflect his/her personal views about the subject securities/companies and that no part of his/her compensation was, is, or will be directly or indirectly related to the specific recommendation(s) or views expressed.

SEBI Reg. No: INH000027681 | Principal Officer: Jestin James (NISM Certified)

Jurisdiction: Any dispute arising out of or in connection with these policies and Axczel Research's services shall be subject to the exclusive jurisdiction of the courts in Bangalore, Karnataka. Registered office: NO.112, AKR Tech Park, B Blk, Krishna Reddy Industrial Area, Singasandra, Bangalore South – 560068, Karnataka. These terms are governed by the laws of India.