Central Depository Services Limited Explained

Central Depository Services (India) Limited
Type:Public
Isin:INE736A01011
Industry:Depository services[1]
Key People:Nehal Vora (Managing Director & Chief Executive Officer)[2]
Services:Dematerialisation of securities, Transfer and settlement of securities
Revenue: (2024)
Operating Income: (2024)
Net Income: (2024)
Assets: (2024)
Equity: (2024)
Location:Mumbai, India

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.

See also

External links

Notes and References

  1. Web site: Holding the key to CDSL's growth . https://web.archive.org/web/20121019072201/http://www.sify.com/finance/holding-the-key-to-cdsl-s-growth-news-features-kizcFhjafch.html . dead . 2012-10-19 . . 2010-08-25 . 2011-02-12.
  2. Web site: 2005-12-12 .
  3. News: CDSL demat accounts, which began its operations in 1999, cross 2.5 crore mark . The Economic Times . 2022-06-08.
  4. News: CDSL becomes first depository to open 6 crore active demat accounts . The Economic Times . 2022-06-08.
  5. News: Sethuraman . Sundar . 2022-04-14 . Demat account tally jumps 63% to 89.7 million in FY22, shows data . Business Standard India . 2022-06-08.
  6. Web site: Make It Mandatory for Brokers To Subscribe to CDSL's Easiest Facility To Transfer Shares: Retail Investors . 2022-06-08 . Moneylife NEWS & VIEWS . en.
  7. Web site: SEBI Certificate of commencement of business granted to CDSL . 2022-06-08 . www.sebi.gov.in.
  8. Web site: Bumper Listing: CDSL debuts at Rs 250; zooms 80% over issue price . 2022-06-08 . Moneycontrol . en.