Have you ever come across an investment opportunity that promised fixed monthly returns, a smooth online dashboard, referral bonuses, and SEBI registration? Sounds convincing, right?
That’s exactly what Infinite Beacon Financial Services offered to thousands of Indian investors, especially in tier-2 cities and rural areas.
But now, the same company is under scrutiny, accused of running a large-scale Ponzi scheme. So, the big question is: Is Infinite Beacon Financial Services real or fake in India?
Let’s explore the truth behind the company, its promoters, alleged scam operations, and the legal consequences that follow.
What is Infinite Beacon Financial Services?
Infinite Beacon Financial Services is a private company based in Pune, Maharashtra, that claims to offer high-return investments to Indian citizens.
Launched under the name Infinite Beacon India Private Limited, the company promoted an investment model that allegedly offered 8 to 10 percent monthly returns.
It operated with a structure that mimicked legitimate stock broking platforms, complete with:
Appealing Features Presented by Infinite Beacon
- A sleek investor dashboard
- Daily return visibility
- Instant withdrawal claims
- 2.5% commission for referrals
- Assured holiday rewards
The company targeted rural regions in Maharashtra, Goa, and Karnataka, where financial literacy is comparatively lower.
Using the association with TRDEZ Investment India Pvt. Ltd., a SEBI-registered broker, Infinite Beacon presented itself as a secure and government-compliant financial service provider.
However, what seemed professional on the surface turned out to be a well-orchestrated trap. News and blogs began surfacing in early 2024, suggesting that Infinite Beacon was a scam designed to exploit the trust of common investors.
Is Infinite Beacon Financial Services a SEBI-Registered Entity?
One of the boldest claims made by Infinite Beacon was its affiliation with TRDEZ Investment India Pvt. Ltd., a legitimate SEBI-registered stockbroking firm. This claim misled many investors into believing that Infinite Beacon was also SEBI-regulated.
However, when checked on the official SEBI website and other government databases, Infinite Beacon does not appear as a registered financial intermediary. It operates under names like:
- IF Global
- Sum Capital
- JSVC
- Yash.com
None of these entities are listed on any SEBI-licensed database, making their fund-raising activity illegal under Indian law. Even though TRDEZ is indeed registered, its operational links with Infinite Beacon were never officially disclosed or approved.
Registration Check Summary
| Company Name | SEBI Registered? | Operational Status | Associated Entities |
| TRDEZ Investment Pvt Ltd | Yes | Registered Broker | Director – Agast Mishra |
| Infinite Beacon India Pvt Ltd | No | Under investigation | Common directors with TRDEZ |
This misleading connection was one of the biggest red flags, yet it was cleverly used to gain investor confidence. Infinite Beacon exploited TRDEZ’s credibility to collect public funds illegally.
Who Is Agast Mishra and What Role Does He Play in the Alleged Scam?
Behind the scenes of Infinite Beacon is a man known only through official documentation, Agast Mishra. His name doesn’t appear in marketing materials or public communications, but company registry data proves that he holds directorships in:
- TRDEZ Investment Pvt. Ltd.
- TRDEZ Ventures
- Other linked entities
He allegedly used his position at TRDEZ to give Infinite Beacon a façade of legitimacy. According to reports, he was the strategic architect of the scam, working behind a network of front-facing directors while retaining core control himself.
In early 2024, after multiple complaints were filed with SEBI and BSE, Agast fled to Dubai, effectively avoiding legal action and leaving investors helpless.
This adds to the suspicion that Infinite Beacon was never a legitimate operation. Agast’s disappearance raised serious questions about the regulatory gaps in tracking financial fraud and preventing it from going international.
Who Is Navnath Awatade, and Why Is He Called the Public Face of Infinite Beacon?
As Agast Mishra vanished from public view, Navnath Jagannath Awatade became the visible operator of Infinite Beacon. Navnath took the front seat in managing day-to-day investor relations.
Navnath’s Alleged Responsibilities
- Conducted investor meetups
- Handled agent commissions
- Issued legal threats to journalists
- Responded to customer queries
- Projected legitimacy through public appearances
One of the most controversial acts linked to Navnath was the ₹25 lakh legal notice issued to a blogger who had published exposés about the scam. Rather than silencing critics, this act attracted more attention to Infinite Beacon’s shady activities.
Navnath is also listed as one of the directors of Infinite Beacon India Pvt. Ltd., sharing this position with several others. His active presence, combined with Agast’s absence, made him the face of a scam that defrauded thousands.
How Did Infinite Beacon Financial Services Scam Thousands of Investors?
The scam was executed with surgical precision. Infinite Beacon created a framework that looked authentic and professional to an untrained eye. This gave the illusion of safety and convinced investors to put their hard-earned money into the system.
Key Scam Strategies Used by Infinite Beacon
1. Fake Dashboards and Reports
Investors were shown a web-based dashboard with:
- Buy/sell orders
- Growing ledger balance
- Withdrawal interface
There was no backend link to any stock exchange. The system was built purely for visual deception.
2. Non-Compliant Bank Accounts
Funds were collected into accounts named:
- IB Prop Desk
- Infinite Beacon
- Sispay TFS
These were not SEBI-compliant custodial accounts and existed outside regulatory oversight.
3. High Referral Commissions
Agents were promised a 2.5% commission for each investment, creating a multi-level marketing pyramid that spread rapidly through word of mouth.
4. Delayed Withdrawals and Excuses
Investors started reporting delayed withdrawals, citing excuses like banking system errors or upgrade issues.
All of these indicators align with classic Ponzi scheme behavior, where new investments are used to pay earlier investors.
Why the Use of Fake Dashboards and Multiple Bank Accounts Raised Red Flags?
While the fake SEBI affiliation helped them attract funds, it was the sophisticated manipulation of technology and banking that helped Infinite Beacon maintain the scam longer.
Key Issues Observed
- Receipts were issued on unofficial letterheads
- Dashboards showed non-existent profits
- No contract notes or demat slips were shared
- Bank accounts were personal or unverified commercial ones
Differences Between Legit and Fake Investment Practices
| Feature | Legitimate Firm | Infinite Beacon Practice |
| Registered With SEBI | Yes | No |
| Verified Trading Activity | Linked to Exchanges | None observed |
| Contract Notes Issued | Always | Never provided |
| Fund Collection Method | Via Custodial Accounts | Unverified personal accounts |
These practices made it evident that Infinite Beacon was not a legally compliant financial service provider.
How Did the Company Lure Investors with Guaranteed Returns and Commissions?
Infinite Beacon’s greatest strength was its marketing model. The firm used tried-and-tested strategies that make people fall for Ponzi schemes, including:
Luring Tactics
- Monthly returns of 8% to 10%
- Referral bonuses of 2.5%
- Bonus holidays and gifts
- Early payouts to build confidence
The majority of these operations were carried out by local agents, who were from the same villages as the investors, adding a strong element of trust.
The firm initially delivered small withdrawals to early investors to make the model seem reliable. This created a cycle of reinvestment, trapping more people in the process.
What Are the Official Company Details of Infinite Beacon India Pvt Ltd?
Infinite Beacon India Private Limited was incorporated on 20th July 2023 in Haveli, Maharashtra. According to the Ministry of Corporate Affairs, it is still listed as an active company.
Company Profile
| Company Name | Infinite Beacon India Private Limited |
| CIN | U82199PN2023PTC222449 |
| Incorporation Date | 20-Jul-2023 |
| City | Haveli |
| State | Maharashtra |
| Postal Code | 411016 |
| Authorised Capital | ₹5,00,000 |
| Paid-up Capital | ₹1,00,000 |
| Sector | Office Support and Admin Services |
Current Directors
- Vinayak Marathe
- Navnath Awatade
- Gaurav Sukhdeve
- Rahul Kalokhe
- Prasad Kulkarni
- Prasad Deshmukh
Although officially registered, the business activity does not match with its financial operations, which include illegal fund collection and investment promises.
What Actions Have Been Taken by SEBI, ED, or the Cyber Crime Cell?
Thousands of complaints have been filed against Infinite Beacon on platforms like:
- SEBI SCORES
- BSE SmartODR
- Enforcement Directorate (ED)
- Cyber Crime Portals
However, many of these complaints were closed prematurely, with minimal action taken.
Why Have Regulatory Actions Been Weak?
- Shared directors between TRDEZ and Infinite Beacon weren’t flagged early
- Bank accounts used for collection weren’t monitored timely
- Cross-border operations (like Agast’s Dubai escape) complicated the matter
Victims are still struggling to get a clear response from government bodies, which has shaken public trust in regulatory systems.
What Should You Do If You Have Already Invested in Infinite Beacon?
If you or someone you know has invested in Infinite Beacon, don’t wait. Immediate action is crucial.
1. Collect and Organise Proofs
- Receipts and payment confirmations
- Dashboard screenshots
- WhatsApp/email communications
2. File Official Complaints
- SEBI SCORES portal
- Cyber Crime Cell (cybercrime.gov.in)
- Enforcement Directorate (local office)
3. Join Investor Groups
Search for WhatsApp and Telegram groups that unite other victims. Filing group FIRs often results in quicker action.
4. Avoid Further Traps
Do not fall for anyone offering “recovery services” for a fee. These are usually scams, too.
Conclusion
Infinite Beacon Financial Services is not just another fraudulent company, it is a case study of how easily even educated investors can be misled by false claims, fake dashboards, and misused regulatory names.
While the real mastermind, Agast Mishra, remains at large in Dubai, and the frontman Navnath Awatade continues operations in India, thousands of lives have already been affected.
This situation reveals a deeper issue: our current regulatory framework needs more power and speed to tackle tech-driven financial fraud. Awareness, education, and timely verification are the only shields Indian investors have right now.
Frequently Asked Questions (FAQs)
What is the registered address of Infinite Beacon India Private Limited?
The company is registered in Haveli, Pune, Maharashtra, with postal code 411016.
When was Infinite Beacon India Private Limited incorporated?
It was officially incorporated on 20th July 2023 under the Companies Act.
What is the CIN of Infinite Beacon India Private Limited?
The Corporate Identification Number (CIN) is U82199PN2023PTC222449.
Is Infinite Beacon SEBI registered?
No, Infinite Beacon is not SEBI registered. It falsely claims association with a SEBI-registered broker.
Who is Agast Mishra?
Agast Mishra is the alleged mastermind behind Infinite Beacon’s fraudulent operations and is linked to TRDEZ Investment Pvt. Ltd.
Can I recover money if I invested in Infinite Beacon?
Recovery is challenging but possible if you preserve all documents and report to SEBI, ED, and cybercrime authorities.
How did Infinite Beacon avoid regulations?
They used personal bank accounts, fake dashboards, and claimed false SEBI ties to escape regulatory monitoring.
Disclaimer:
This blog post is based on verified public information, reference investigations, and insights sourced from aseemjuneja.in. Readers are advised to verify facts through official sources like SEBI and MCA before making financial decisions.
Source: https://aseemjuneja.in/agast-mishra-infinite-beacon/
