Central Depository Services (India) Limited
CDSL.NS
National Stock Exchange of India1,218.90
INR
-7.90
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Central Depository Services (India) Limited
CDSL.NS
(National Stock Exchange of India)
Recent
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1,218.90
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Central Depository Services (India) Limited (CDSL) is a leading central securities depository in India, established in 1999 and headquartered in Mumbai, Maharashtra. The company provides depository services facilitating the holding, transfer, and settlement of securities in electronic form through intermediaries known as Depository Participants (DPs). CDSL's core products and services include electronic securities depository services for equities, debentures, bonds, mutual fund units, certificates of deposit, commercial papers, and treasury bills; demat account services via DPs; e-Voting and M-Voting platforms for shareholder voting; the Myeasi mobile application for investor services; and an e-Locker service for secure document storage. It operates primarily in the Indian financial market servicing retail and institutional investors, brokers, and issuers through its extensive DP network. In recent years, CDSL has significantly expanded its strategic footprint through alliances and innovation. Notably, in 2025, CDSL entered a strategic partnership with the Indian Institute of Management Mumbai to leverage advanced data analytics and research capabilities related to financial markets, enhancing market intelligence and risk management. Furthermore, its subsidiary, Central Depository Services Insurance Repository Ltd. (CIRL), signed agreements with LIC to provide insurance-related services, marking diversification into insurance repositories. Although CDSL reported a 13.6% year-on-year decline in net profit for the September 2025 quarter due to higher expenses and lower income, the company continues to maintain a strong market presence with over 16.5 crore investor accounts and leads new demat account openings in India. Regulatory and operational improvements, such as SEBI’s extended deadlines for margin obligation implementation and CDSL’s updated penalty mechanisms effective April 2025, reflect ongoing compliance and operational diligence. CDSL was initially promoted by BSE Ltd., which later divested its stake to major Indian banks and financial institutions, including Standard Chartered Bank, PPFAS Mutual Fund, HDFC Bank, and LIC. The company operates exclusively within India and holds a dominant position as the second-largest depository by assets and the largest by demat accounts, servicing over 580 depository participants nationwide. Its product suite supports broad investor segments, including retail investors, mutual funds, clearing corporations, and corporate issuers. CDSL’s ongoing strategic endeavors and technology-driven product expansions underscore its pivotal role in the Indian securities market infrastructure ecosystem.