Central Depository Services (India) Limited
Company typePublic
NSE: CDSL
ISININE736A01011
IndustryDepository services[1]
FoundedFebruary 1999 (February 1999)
HeadquartersMumbai, India
Key people
Nehal Vora (Managing Director & Chief Executive Officer)[2]
ServicesDematerialisation of securities, Transfer and settlement of securities
Websitewww.cdslindia.com

Central Depository Services (India) Ltd. (CDSL) is an Indian central securities depository, founded in 1999.[3]

CDSL is the largest depository in India in terms of number of demat accounts opened. In February, CDSL became the first depository in India to open 60 million active demat accounts.[4] As of March 2022, the depository holds assets worth ₹37.2 trillion,[5] with over 580 depository participants associated with CDSL.[6]

History

In February 1999, CDSL received certificate of commencement of business from Securities and Exchange Board of India (SEBI).[7] On 30 June 2017, CDSL was listed on the National Stock Exchange (NSE) through initial public offering (IPO)[8] making it the first depository in Asia-Pacific region and only the second depository in the world to get listed.

CDSL was initially promoted by BSE Ltd. Currently, the top shareholders are BSE Limited, Standard Chartered Bank, PPFAS Mutual Fund, HDFC Bank and LIC.[4]

See also

References

  1. ^ "Holding the key to CDSL's growth". Sify.com. 25 August 2010. Archived from the original on 19 October 2012. Retrieved 12 February 2011.
  2. ^ "CDSL reduces demat charges to Rs 5. - PTI - The Press Trust of India Ltd". 12 December 2005. ((cite web)): Missing or empty |url= (help)
  3. ^ "CDSL demat accounts, which began its operations in 1999, cross 2.5 crore mark". The Economic Times. Retrieved 8 June 2022.
  4. ^ a b "CDSL becomes first depository to open 6 crore active demat accounts". The Economic Times. Retrieved 8 June 2022.
  5. ^ Sethuraman, Sundar (14 April 2022). "Demat account tally jumps 63% to 89.7 million in FY22, shows data". Business Standard India. Retrieved 8 June 2022.
  6. ^ "Make It Mandatory for Brokers To Subscribe to CDSL's Easiest Facility To Transfer Shares: Retail Investors". Moneylife NEWS & VIEWS. Retrieved 8 June 2022.
  7. ^ "SEBI | Certificate of commencement of business granted to CDSL". www.sebi.gov.in. Retrieved 8 June 2022.
  8. ^ "Bumper Listing: CDSL debuts at Rs 250; zooms 80% over issue price". Moneycontrol. Retrieved 8 June 2022.

External links

Insurance in India
Financial services in India
Categories