Verification & credentials
Everything here is checkable. Please check it.
Zenith Wealth operates on licences held in the name of its founder, Rajesh Kumar Pancholi, and on a franchise partnership with Motilal Oswal Financial Services Ltd. Every number below links to the registry that issued it, so you can confirm it yourself rather than take our word for it.
What is Zenith Wealth registered as?
Zenith Wealth is an AMFI-registered mutual fund distributor under ARN-331900, an NSE and BSE authorised person, and a franchise partner of Motilal Oswal Financial Services Ltd. Every registration below is held personally by the founder, and all four are public records.
| What it authorises | Registration number | Held in the name of | Where to verify |
|---|---|---|---|
| AMFIMutual fund distribution | ARN-331900 | Rajesh Kumar Pancholi | AMFI search ↗Search AMFI's distributor locator for ARN 331900. |
| NSEAuthorised person | AP0297575341 | Rajesh Kumar Pancholi | NSE search ↗Search NSE's member and authorised-person directory. |
| BSEAuthorised person | AP01044601158110 | Rajesh Kumar Pancholi | BSE search ↗Search BSE's authorised-person directory. |
| SEBIPMS, AIF, bonds, NCDs and insurance, via the franchise partnership | INZ000158836 | Motilal Oswal Financial Services Ltd | SEBI search ↗Search SEBI's registered-intermediary list for the Motilal Oswal registration. |
The table scrolls sideways on a narrow screen. Each link opens the registry’s own public search. Search the number rather than our name, because a number cannot be styled to look like somebody else’s. Registration details and registry links on this page were last reviewed on 11 August 2026.
What Zenith is not.
Zenith Wealth is a distributor. It holds no registration to give investment advice, to manage a portfolio on your behalf, or to operate a bond platform, and it does not do those things.
Not a SEBI-registered investment adviser
Zenith does not provide advice for a fee and holds no SEBI RIA registration. Nothing on this site is a recommendation.
Not a registered portfolio manager
Zenith holds no PMS registration and never has discretion over your money. PMS products are facilitated through Motilal Oswal.
Not an online bond platform provider
Zenith operates no OBPP. Bonds and NCDs are transacted through our partner's registered platform.
What a distributor does instead: it executes and services. Zenith helps you complete the paperwork, places the transaction with the AMC, issuer or insurer, and stays with the account afterwards: statements, switches, nominations, claims, redemptions. It earns a trail commission from the product maker and charges you nothing for distribution.
Is my money held by Zenith?
No. Zenith never holds your money.
- Where the money goes
- Funds move from your own bank account directly to the AMC, issuer or insurer. Zenith is not in that path and cannot receive, hold or move your money.
- Whose name it is in
- Units, bonds and policies are held in your own name, with your PAN and your nominee, held with the AMC, RTA, depository or insurer, not with Zenith.
- If Zenith ceased trading
- Your holdings are unaffected. You would transact directly with the AMC or appoint another distributor; nothing needs to be sold or moved.
Who you are actually dealing with.
Two people, both named, both findable. The licences are held personally by the first of them.
Rajesh Kumar Pancholi
Founder & Managing Partner · Udaipur, Rajasthan
ARN-331900 · AP0297575341 · AP01044601158110
- LIC Senior Insurance Advisor since January 1993
- LIC Chairman's Club member, 15 consecutive years
- Journalist at Dainik Navajyoti since January 1990
- Certified Small Savings Consultant since 2000
Nimesh Pancholi
Strategic Edge, Wealth and Technology · Bengaluru, Karnataka
Holds no distribution registration and does not transact on client accounts.
- Seven years building fintech products
- Responsible for Zenith's technology, security and reporting
How is Zenith paid?
Zenith is paid a trail commission by the AMC, issuer or insurer whose product you hold, a share of the expense the product already carries. You are charged nothing by Zenith for distribution, and no fee is ever collected from you directly.
- Who pays
The AMC, issuer or insurer, out of the product's own expense ratio or commission structure. Never you.
- When
Trail. Paid for as long as you stay invested, not up front. If you redeem, it stops.
- Disclosed
Commission rates for any product you hold are disclosed on request, in writing, before you transact.
Commission rates differ between product categories, so a distributor paid this way has an incentive that is not perfectly aligned with yours. Two things limit it here: trail is paid only while you remain invested, so churning your portfolio costs Zenith money rather than earning it; and rates are disclosed before you transact, so you can ask what Zenith earns on anything under discussion, and should.
If something goes wrong.
Raise it with Zenith first. If it is unresolved after 30 days, or you are not satisfied with the response, escalate. The route below is the regulator’s rather than ours, and it works whether or not we cooperate.
Zenith Wealth grievance officer
Rajesh Kumar Pancholi, Udaipur. Written acknowledgement within 3 working days, and a resolution targeted within 30 days.
Motilal Oswal Financial Services Ltd
For anything transacted through the franchise partnership: PMS, AIF, bonds, NCDs and insurance. SEBI Reg INZ000158836.
SEBI SCORES, or AMFI
SCORES is SEBI's own complaint system and covers the intermediary. AMFI handles complaints about the conduct of an ARN holder, quoting ARN-331900.
Questions people actually ask.
Yes, and it is checkable in about two minutes. Zenith Wealth is a registered trademark, and the practice runs on AMFI registration ARN-331900 held by Rajesh Kumar Pancholi, with NSE and BSE authorised-person codes and a Motilal Oswal franchise partnership. Every number is searchable on the registry that issued it.
Not directly, and it does not claim to be. Zenith is an AMFI-registered distributor, not a SEBI-registered investment adviser or portfolio manager. Products that require a SEBI registration are transacted through Motilal Oswal Financial Services Ltd, SEBI Reg INZ000158836.
Rajesh Kumar Pancholi personally. AMFI ARN-331900, NSE AP0297575341 and BSE AP01044601158110 are all in his name, which is normal for a distribution practice of this size, and stated here rather than blurred behind the company name.
No. Money moves from your own bank account to the AMC, issuer or insurer directly. Zenith never receives or holds client funds, and units and policies are held in your own name with your PAN and nominee.
Nothing happens to the investments. They are held with the AMC, RTA, depository or insurer in your name, not with Zenith. You would transact directly with the product maker or appoint another distributor; no holding needs to be sold, moved or re-registered.
Trail commission paid by the AMC, issuer or insurer out of the product's own expense, never a fee charged to you. It is paid only while you remain invested, and the rate on anything you hold is disclosed in writing on request.
No. Every transaction needs your own authentication: an OTP, an eNACH mandate or a signed form. Zenith holds no discretion and no power of attorney over any client account, because a distributor is not permitted to.
Open AMFI's public distributor locator, search 331900, and check that the name returned is Rajesh Kumar Pancholi and the status is active. Do the same with the NSE and BSE authorised-person codes. Search the number rather than the firm name, because numbers cannot be styled.
Where to go next
Checked it?
Then let's talk.
A first conversation is a conversation: what you hold, what it is for, and what is missing. No paperwork, and nothing to sign.