Effective Date: June 12, 2026
At MECHWEALTH, run by Kirankumar K in Vijayapura, Karnataka, we value your privacy and are committed to protecting your personal data. This Privacy Policy explains how we collect, use, disclose, and safeguard your personal information when you visit our website (mechwealth.in) or contact us via WhatsApp, phone, or forms.
This policy is formulated in compliance with the Digital Personal Data Protection (DPDP) Act, 2023 of India.
1. Data We Collect
We only collect personal data that you voluntarily provide to us when seeking our services or training. This includes:
- Identity Data: Full name, age, and signature.
- Contact Data: Mobile number, WhatsApp details, and email address.
- Financial & Regulatory Data: PAN card number, Aadhaar card number, bank details, and income proof (strictly collected only for authorized stock market e-KYC or mutual fund registrations).
- Query & Interaction Data: Any information you share when filling out our lead forms, using our chatbot, booking calls via Calendly, or messaging us.
2. Basis and Purpose of Data Processing
We process your personal data under the DPDP Act based on your explicit, specific, and unconditional consent. We process data strictly for the following purposes:
- To contact you regarding your requests for demat opening, mutual funds, or insurance reviews.
- To execute stock market account registration through our official partner platform (IIFL Capital Services Ltd) or mutual fund platforms as a registered distributor.
- To enrol you in MECHWEALTH Trading Academy courses and provide batch updates.
- To respond to your inquiries and offer claim filing assistance (IEPF and physical shares).
3. Data Sharing and Third-Party Disclosures
We do not sell, rent, or trade your personal data. We share your data only with authorized, regulated institutions necessary to perform the services you request:
- Brokerage Partners: IIFL Capital Services Ltd (for demat and trading account opening).
- Insurers & Brokers: ICICI Prudential Life Insurance and RenewBuy Broker (for policy issuance).
- Asset Management Companies (AMCs): For mutual fund investments under AMFI regulations.
- Government Authorities: IEPF Authority or Company Registrars (RTAs) solely for executing claims processing at your direction.
4. Your Data Rights
Under the DPDP Act, 2023, you have the following rights regarding your personal data:
- Right to Access: You can request a summary of the personal data we hold about you.
- Right to Correction & Erasure: You can request that we update, correct, or delete your data if it is no longer required for the purpose it was collected.
- Right to Withdraw Consent: You can withdraw your consent for processing at any time. Upon withdrawal, we will cease processing unless required by SEBI, IRDAI, or AMFI regulations.
- Right to Grievance Redressal: If you have any complaints, you may reach out directly to our Grievance Officer.
5. Security of Your Data
We implement appropriate technical and organizational security measures to prevent unauthorized access, alteration, or disclosure of your sensitive information. Physical documents are stored securely, and digital entries are accessed only through authenticated devices.
6. Contact Us & Grievance Redressal
For any questions regarding this Privacy Policy, data requests, or grievances under the DPDP Act, please contact:
Grievance Officer: Kirankumar K
Email: info@mechwealth.com
Phone: +91 8660765416
Address: Vijayapura, Karnataka, India