1. INTRODUCTION

Inflection Point Research ("IPR", "we", "our", or "us") is a proprietorship of Karnik Kalpesh Shah, registered with the Securities and Exchange Board of India as a Research Analyst under Registration No. INH000023807.

This Privacy Policy describes how we collect, use, store, and protect the personal information of visitors to inflectionpointresearch.in and subscribers to our research products, Microcap Mavericks and Future Titans.

By accessing our website or subscribing to our services, you consent to the practices described in this policy.

2. INFORMATION WE COLLECT

We collect the following categories of information:

2.1 Information You Provide Directly
- Name, email address, and phone number (collected during sign-up for free samples or paid subscriptions)
- Billing information (processed by our payment service provider; we do not store full payment card details)
- KYC documentation as required under SEBI Research Analyst regulations (PAN, address proof, identity proof) for paid subscribers
- Communications you send to us via email, contact forms, or other channels

2.2 Information Collected Automatically
- IP address, browser type, device information, and operating system
- Pages visited, time spent on the website, referral source
- Cookies and similar tracking technologies (see Section 7)

2.3 Information from Third Parties
- Email engagement data (open and click rates) from our email service provider
- Document viewing data from our research distribution platform (Peony)
- Payment confirmation data from our payment service provider

3. HOW WE USE YOUR INFORMATION

We use collected information for the following purposes:

- Delivering sample reports and subscriber research
- Processing payments and managing subscriptions
- Complying with SEBI Research Analyst regulations including record-keeping requirements
- Sending you updates about our research, products, and operational matters
- Responding to inquiries and providing customer support
- Detecting and preventing fraud, security incidents, and policy violations
- Improving our website, content, and services through analytics

4. LEGAL BASIS FOR PROCESSING

We process your personal information based on:
- Your explicit consent (for marketing communications and optional data)
- Performance of a contract (delivering subscribed research)
- Compliance with legal obligations (SEBI record-keeping, tax laws)
- Legitimate interests (website analytics, fraud prevention)

5. SHARING OF INFORMATION

We do not sell, rent, or trade your personal information. We may share information only in the following limited circumstances:

5.1 Service Providers
We use third-party service providers to operate our business. These include:
- Google Workspace (email hosting)
- Wix.com (website hosting and CRM)
- Cashfree Payments (payment processing)
- Peony.ink (research document distribution)
- Substack (blog and newsletter hosting)

Each provider has access only to information necessary to perform their service and is contractually bound to protect your information.

5.2 Legal Requirements
We may disclose information when required by law, court order, or regulatory authority, including SEBI inspections under the Research Analyst Regulations.

5.3 Business Transfers
In the event of merger, acquisition, or transfer of business assets, your information may be transferred subject to confidentiality obligations.

6. DATA RETENTION

We retain personal information as follows:
- Active subscriber data: for the duration of your subscription
- KYC records: minimum 5 years post-subscription end, as required under SEBI Research Analyst Regulations
- Research distribution and communication records: minimum 5 years, as required under SEBI Research Analyst Regulations
- Free sample subscriber emails: until you unsubscribe or for 24 months of inactivity, whichever is shorter
- Aggregated, anonymised data: indefinitely for analytics purposes

7. COOKIES AND TRACKING TECHNOLOGIES

Our website uses cookies and similar technologies to enhance user experience, analyse traffic, and deliver relevant content. You can control cookies through your browser settings, though some features may not work properly if cookies are disabled.

We use:
- Essential cookies (required for website functionality)
- Analytics cookies (Google Analytics or equivalent, to understand usage patterns)
- Functional cookies (to remember preferences)

We do not use cookies for advertising or behavioural targeting.

8. YOUR RIGHTS

You have the right to:
- Access the personal information we hold about you
- Request correction of inaccurate information
- Request deletion of your information (subject to SEBI retention requirements)
- Withdraw consent for marketing communications at any time
- Lodge a complaint with a data protection authority

To exercise any of these rights, contact us at karnik@inflectionpointresearch.in.

9. DATA SECURITY

We implement reasonable technical and organisational measures to protect your personal information against unauthorised access, alteration, disclosure, or destruction. These include encrypted data transmission, access controls, regular security reviews, and use of reputable third-party service providers.

However, no method of internet transmission or electronic storage is completely secure. While we strive to protect your information, we cannot guarantee absolute security.

10. CHILDREN'S PRIVACY

Our services are intended for individuals aged 18 and above. We do not knowingly collect information from minors. If you believe we have inadvertently collected information from a minor, please contact us immediately.

11. INTERNATIONAL DATA TRANSFERS

Some of our service providers may store or process data outside India. Where this occurs, we ensure appropriate safeguards are in place to protect your information consistent with this policy and applicable law.

12. CHANGES TO THIS POLICY

We may update this Privacy Policy periodically. The "Effective Date" at the top of this page indicates when the policy was last revised. Material changes will be communicated via email to active subscribers and posted prominently on our website.

13. CONTACT US

For any questions, concerns, or requests regarding this Privacy Policy or our data practices, please contact:

Karnik Kalpesh Shah
Founder and Compliance Officer
Inflection Point Research
Email: karnik@inflectionpointresearch.in
Website: inflectionpointresearch.in
SEBI Registration: INH000023807

For SEBI-related grievances, you may also use:
- SCORES portal: scores.sebi.gov.in
- ODR portal: smartodr.in

14. GOVERNING LAW

This Privacy Policy is governed by the laws of India. Any disputes shall be subject to the exclusive jurisdiction of the courts at Mumbai, Maharashtra.