On June 17, 2025, Sanjiv Bhasin, a well-known market expert in India, faced a big setback. The Securities and Exchange Board of India (SEBI) banned him and 11 others from trading in the stock market. They were accused of manipulating stock prices to make illegal profits of Rs 11.37 crore. This news shocked many people who followed Bhasin’s stock tips on TV and social media. But who is Sanjiv Bhasin? How did he become a famous market expert? Let’s explore his life, career, and the recent controversy in detail.
Early Life and Education
Sanjiv Bhasin was born in India, but exact details about his birth date and place are not widely known. His father wanted him to follow in his footsteps and join St. Stephen’s College in Delhi to play cricket. Cricket was a big part of his family’s dreams. However, Sanjiv chose a different path. He decided to study commerce at Shri Ram College of Commerce, one of the best colleges in India. This choice showed his interest in business and finance from a young age.
After completing his college education, Sanjiv worked hard to become a chartered accountant. He passed the tough chartered accountancy exams, which made him skilled in handling financial matters. He also started studying law (LLB) for two years but did not finish the course. His focus shifted to finance and the stock market, which would later make him famous.
Family Life
Sanjiv Bhasin got married in 1991 to Rashi Bhasin. The couple has three children—two sons and one daughter named Siya Bhasin. Siya is still studying, but details about her education are not public. Sanjiv’s family has stayed away from the public eye, and he has kept his personal life private. His cousin, Lalit Bhasin, later became part of his professional life, but we will talk about that later.
Sanjiv Bhasin Age, Wikipedia, Biography, Net Worth, Stock Tips, Wife, Family
| Field | Details |
|---|---|
| Name | Sanjiv Bhasin |
| Profession | Stock market expert, former Director at IIFL Securities Ltd |
| Education | St. Columbas School; B.Com (Hons) from Shri Ram College of Commerce; Chartered Accountancy |
| Early Career | Started at HB Group (Director, 1987–2005), then Deutsche Bank (Director, 2005–2009) |
| Media Presence | Regular on Zee Business, CNBC TV18; known for "Bhasin Ke Haseen Share" segments |
| IIFL Securities | Joined as consultant in 2015, later Director (2019–2024) |
| Other Roles | Consultant for ICICI Direct and NDTV |
| Sports | Award-winning cricketer in school and college; captained college cricket team |
| Recent Controversy | Barred by SEBI in 2025 for front-running and market manipulation |
| SEBI Action | Ordered to return unlawful gains of ₹11.37 crore; banned from accessing capital markets |
| Notable Fact | Known for creating model portfolios for retail investors |
| Languages | Hindi, Punjabi |
Career in the Stock Market
Sanjiv Bhasin started his career in finance after becoming a chartered accountant. He joined IIFL Securities, a big financial company in India, where he worked as a director from April 1, 2017, to November 30, 2022. After that, he continued with IIFL as a consultant until June 17, 2024. His job was to give advice on stocks and investments. He became very popular because he appeared on TV channels like Zee Business, ET Now, and CNBC Awaaz. People trusted his stock tips because he explained them in a simple way.
Bhasin was not just a TV guest. He had a huge following on social media, especially on platforms like Telegram. He shared stock recommendations with thousands of followers. His tips often moved stock prices because so many people watched him. He was known for picking stocks of big companies like Glaxo, a pharmaceutical company, which made him a lot of money early in his career. His love for multinational company stocks made him stand out.
Investment Style
Sanjiv Bhasin had a unique way of investing. He liked to study companies carefully before picking their stocks. He often chose multinational companies because they were stable and in demand. For example, in his early days, he invested in pharma companies like Glaxo, which gave him good profits. He believed in buying stocks at the right time and selling them when their prices went up. This strategy made him a respected name in the stock market.
On TV, Bhasin gave buy or sell recommendations with price targets. He explained why he liked certain stocks, which made people trust him. His confident style and clear explanations helped him gain a big audience. Many small investors followed his advice to make money in the stock market.
The SEBI Ban and Controversy
In June 2025, Sanjiv Bhasin’s career took a shocking turn. SEBI, India’s market regulator, banned him from trading in the stock market. The ban came after a long investigation from January 2020 to June 2024. SEBI found that Bhasin was involved in a scheme called “front-running.” This means he bought stocks before recommending them on TV or social media. After his recommendations, the stock prices would rise, and he would sell them to make profits. This was unfair to small investors who bought the stocks based on his tips.
SEBI’s 149-page order explained how Bhasin worked with 11 others, including his cousin Lalit Bhasin and a brokerage firm called RRB Master Securities. They used accounts of companies like Venus Portfolios, Gemini Portfolios, and HB Stockholdings to trade stocks. Bhasin would tell dealers like Rajiv Kapoor and Jagat Singh to buy stocks before his TV appearances. After he recommended the stocks, the prices would go up, and they would sell them for a profit. SEBI said this scheme made them Rs 11.37 crore illegally.
The investigation started after SEBI received three complaints in 2023. These complaints said Bhasin was manipulating stock prices for his own gain. SEBI collected evidence like call records, WhatsApp messages, and trading logs. For example, on January 11, 2022, Bhasin gave trading instructions for L&T Technology Services. He recommended the stock on TV, and then his team sold it for a profit. Similar trades happened with stocks like Parag Milk Foods, InterGlobe Aviation (Indigo), SAIL, and Godrej Consumer Products.
SEBI also found that Bhasin’s cousin, Lalit Bhasin, and others like Ashish Kapur helped him in this scheme. They used RRB Master Securities to execute trades. SEBI banned all 12 people involved and ordered them to return the Rs 11.37 crore they earned. The money was to be put in fixed deposits until the case is fully resolved.
Impact on Investors
The SEBI ban was a big shock for small investors. Many people followed Bhasin’s advice because they trusted him. But SEBI said his actions misled investors. When Bhasin recommended a stock, its price would go up. Small investors would buy it, thinking it was a good deal. But Bhasin and his team would sell the stock, making money while others lost. SEBI called this “market abuse” and said it hurt retail investors.
Legal experts said Bhasin might argue that his tips were just general advice, not official recommendations. But SEBI’s evidence, like phone calls and messages, makes it hard for him to defend himself. The case is still ongoing, and Bhasin has 21 days to reply to SEBI’s notice. He can also challenge the ban in the Securities Appellate Tribunal (SAT).
What’s Next for Sanjiv Bhasin?
The SEBI ban has damaged Sanjiv Bhasin’s reputation. He was a trusted name in the stock market, but now many people question his honesty. His contract with IIFL Securities ended in June 2024, partly because of health reasons. IIFL said Bhasin told them about SEBI’s investigation but did not share details. The company has distanced itself from him, saying he was not a board member.
Bhasin’s future in the stock market is uncertain. The ban is temporary, but it will stay until SEBI gives a final order. If the charges are proven, he could face more penalties. Some experts say this case shows how media can be misused to manipulate markets. It’s a warning for other market experts to be honest with their advice.
Personal Qualities and Legacy
Sanjiv Bhasin was known for his confidence and deep knowledge of the stock market. He had a simple way of explaining complex ideas, which made him popular with beginners. His love for cricket stayed with him, and he often compared the stock market to a game of strategy. But the SEBI ban has changed how people see him. Once a hero for small investors, he is now linked to a major controversy.
Despite this, Bhasin’s early career shows his talent. He worked hard to become a chartered accountant and built a successful career in finance. His ability to pick winning stocks made him a star. But the allegations of front-running have raised questions about his ethics.
Conclusion
Sanjiv Bhasin’s journey is a mix of success and controversy. He started as a young man choosing commerce over cricket. He became a chartered accountant and a famous market expert. His stock tips helped many people, but they also led to a major SEBI investigation. The ban on June 17, 2025, has put his career in danger. As the case continues, investors are learning to be careful about who they trust. Sanjiv Bhasin’s story reminds us that fame and success come with responsibility. Only time will tell if he can rebuild his reputation or if this controversy will define his legacy.