Changing the Landscape of Trading in India
India's First Trading Research & Evaluation Lab
We Exist Because the Numbers Demand It.
of individual F&O traders incurred net losses in FY2025–26
cumulative net losses over just two years
average loss per trader — and rising
In August 2026, SEBI released its most comprehensive study yet on retail trading outcomes in India — and the numbers are damning.
87.7% of individual traders in the equity F&O segment incurred net losses in FY2025–26.
Cumulative net losses over just two years crossed ₹2 lakh crore. The average loss per trader: ₹1.17 lakh — and rising. 92% of those losses came from options trading alone, with nearly all activity concentrated in ultra-short-term contracts expiring within a week. Worse: among traders who lost money for two consecutive years and kept trading, 90% lost money again in the third year.
The market is not broken. The trader is under-equipped.
Millions of Indians enter the markets every year — drawn by the promise of financial freedom, armed with nothing more than hope and a trading app. The one tool that can change outcomes — risk management — is almost never taught.
That gap — between ambition and discipline, between enthusiasm and education — is why PropaTrade was built.
Source: SEBI — Profitability of Individual Traders in the Equity Derivatives Segment, FY25–FY26 (August 2026)
We Are Not a Brokerage. We Are Not a Course. We Are Something India Has Never Seen Before.
PROPATRADE EDUCATION PRIVATE LIMITED is an ISO 9001:2015 certified education and research evaluation institution headquartered in Tirupati, Andhra Pradesh. We operate India's first Simulated Proprietary Research and Stipend Program (SPRSP) — a structured framework designed to identify, train, and certify disciplined research consultants through rigorous, simulation-based market evaluation. We do not offer live trading. We do not manage client funds. We do not provide investment advice. What we offer is far more valuable: a proven system to develop the discipline that 87.7% of the market currently lacks.
Our Mission
To make risk management the foundation of every trader's journey — not an afterthought. We believe that India's retail trading crisis is not a market problem. It is an education problem. And education is what we do.
Our Vision
A India where every retail trader — from metros to tier-3 cities, from college campuses to corporate offices — enters the market with the knowledge, discipline, and process-based thinking required to survive and thrive across every market cycle. We envision a generation of research professionals who don't chase tips. Who don't revenge trade. Who don't blow their capital on expiry day. Who understand that process beats prediction — every single time.
How We Do It — The SPRSP Framework
The Simulated Proprietary Research and Stipend Program (SPRSP), delivered through our proprietary platform Udaan, is structured in three phases:
Evaluation
Candidates pay a one-time Commitment Fee and are assessed on their ability to manage risk, follow drawdown rules, and demonstrate consistent, rule-based decision-making in a fully simulated market environment. No live capital is involved at any stage.
Verification
Candidates who pass evaluation are verified for consistency and discipline before being onboarded as Research Consultants.
Research Consultancy
Verified Research Consultants are allocated Allocated Research Capital on the Udaan platform — a simulated trading environment — and earn Research Stipends based on their simulated performance.
Stipends are professional fees, subject to TDS deduction under Section 194J of the Income Tax Act, 1961.
All trading activity within the SPRSP is 100% simulated and virtual. No participant trades with real market capital at any stage.
The PropaTrade Gurukul — Education at the Core
PropaTrade is more than an evaluation program. We are a full ecosystem of trading education through PropaTrade Gurukul — our structured learning vertical that delivers curriculum-backed, risk-first market education across:
Our educators are experienced market practitioners and research professionals — not social media influencers, not tipsters. Every module is designed with one goal: to build the skill that SEBI's data says 87.7% of traders don't have.
Sunil Mangwani
25+ Years in Risk Management | Founder, fibforex123.com
Hrishikesh Athalye
10+ Years in NISM Training | Trained 1000+ students at NIFM
Aparna Prabhudesai
Performance Coach | Mt. Everest Summitter | Endurance Athlete
Shyamoli Chatterjee
Clinical Psychologist | Ex-HCG, Narayana Health, AFMC
Jyoti Nair
Yoga & Fitness Coach | Ministry of Ayush Certified
CA Paras Muradia
12+ Years in Financial Planning & Taxation | Founder, CA ki Stock Market
The PropaTrade Movement — Partnered with Campuses Across India
We believe financial literacy must reach every campus in India — before students open their first trading account. PropaTrade has partnered with leading academic institutions across the country, conducting workshops, boot camps, and awareness drives that bring risk-first trading education directly to students, young professionals, and aspiring market participants.
And 40+ institutions across India.
We are not waiting for the market to teach India's traders. We are going to where India's traders are — before the market gets to them.
What Traders Are Saying
Rated 4.9 / 5 across 100+ verified Google reviews.
Company Information
- Legal Name
- PROPATRADE EDUCATION PRIVATE LIMITED
- CIN
- U85500AP2026PTC125374
- GST Number
- 37AAQCP9565N1Z7
- Registered Address
- Garuda Mall, 22-20-1/A, 3rd Floor, Radha Govinda Nagar, Tirupati (Urban), Chittoor – 517501, Andhra Pradesh
- Quality Certification
- ISO 9001:2015 Certified
The Landscape of Trading in India Is Changing. And PropaTrade Is Leading the Charge.
SEBI's data is not a warning for us. It is our mandate. Every trader who walks through our doors represents one fewer data point in that 87.7%. Every Research Consultant who completes our SPRSP is proof that discipline can be taught, measured, and rewarded — without risking a single rupee of real capital. We didn't build PropaTrade to profit from traders. We built it to change what it means to be one.
PROPATRADE EDUCATION PRIVATE LIMITED is not a SEBI-registered broker, investment adviser, research analyst, or portfolio manager. PropaTrade does not provide live trading access, manage client funds, or offer any investment or financial advisory services. All trading conducted under the Simulated Proprietary Research and Stipend Program (SPRSP) is 100% simulated and virtual, carried out exclusively on the Udaan platform. Allocated Research Capital is notional and does not represent real money. Research Stipends are performance-based professional fees and are subject to TDS deduction under Section 194J of the Income Tax Act, 1961. The Commitment Fee paid by candidates is a non-refundable program participation fee. Past simulated performance is not indicative of future results in live markets. Participation in the SPRSP does not constitute or guarantee employment, investment returns, or financial advice of any kind. Trading in financial markets involves significant risk of loss. SEBI data indicates that 87.7% of individual traders in the equity derivatives segment incurred net losses in FY2025–26 (Source: SEBI, August 2026). PropaTrade strongly encourages all individuals to exercise caution, seek independent financial advice, and fully understand the risks involved before participating in any form of market activity.
© 2026 PROPATRADE EDUCATION PRIVATE LIMITED. CIN: U85500AP2026PTC125374. All rights reserved. ISO 9001:2015 Certified | GST: 37AAQCP9565N1Z7