SEBI bars Avadhut Sathe and Avadhut Sathe Trading Academy Pvt Ltd from the securities market, ordering them to disgorge ₹546 crore for unregistered advisory.

SEBI bans fin influencer Avadhut Sathe, firm from securities market; orders ₹546 cr disgorgement

SEBI Bars Avadhut Sathe and Trading Academy from Securities Market

Financial influencer Avadhut Sathe and his firm Avadhut Sathe Trading Academy Pvt Ltd have been barred from the securities market by the Securities and Exchange Board of India (SEBI).

Reason for Ban

The regulator has directed them to disgorge ₹546 crore of 'unlawful gain' earned from alleged unregistered investment advisory and research analyst business.

Background of the Case

Avadhut Sathe Trading Academy Pvt Ltd (ASTAPL) is operated by financial influencer Avadhut Sathe.
The regulator found that the funds were collected in the accounts of ASTAPL and AS.
Gouri Avadhut Sathe was involved in the day-to-day affairs of the company, but was not found to be providing any investment advisory/research analyst services.

SEBI's Order

SEBI has directed the noticees to cease and desist from offering unregistered investment advisory and research analyst services.
They should not use live data for any purpose and should not advertise performance or profits of themselves or their course participants/investors.
An interim order cum show cause notice has been issued against the noticees to prevent them from carrying out such unregistered activities.

Amount to be Disgorged

SEBI has directed Avadhut Sathe and his academy to jointly disgorge ₹546.16 crore being the total unlawful gain earned prima facie from the alleged unregistered investment advisory and research analyst business.

Investigation Details

A detailed investigation was conducted by SEBI for the period July 1, 2017 to October 9, 2025.

Next Steps

SEBI will continue to monitor the activities of Avadhut Sathe and his academy and take necessary action to prevent unregistered investment advisory and research analyst activities.

Key Points

Avadhut Sathe and his firm have been barred from the securities market.
They have been directed to disgorge ₹546 crore of 'unlawful gain'.
SEBI has directed them to cease and desist from offering unregistered investment advisory and research analyst services.
A detailed investigation was conducted by SEBI for the period July 1, 2017 to October 9, 2025.