About Central Depository Services (India) Ltd
CDSL operates in the financial services sector, specifically focusing on depository services. The company was founded in 1999, giving it decades of experience in the industry. Its headquarters are located in Mumbai, Maharashtra.
The primary promoter of CDSL is BSE Ltd. (formerly Bombay Stock Exchange), which initially promoted the company. BSE has a 15% stake in the company. The main products and services offered by CDSL include the dematerialisation of securities, the transmission of securities, processing delivery, and account opening.
In terms of the number of demat accounts opened, CDSL is the largest depository in India. In 2022, with 60 million active demat accounts, CDSL became the first depository in India. This milestone highlights its significant market presence and leadership in the depository sector.
The promoter shareholding in CDSL is substantial, with BSE Ltd. being the primary stakeholder. This strong promoter backing provides stability and confidence in the company’s future growth.
The registered address of the company is in Mumbai, Maharashtra. While the registrar’s office is in L.B.S. Marg, Vikhroli, Maharashtra. The company is managed by a team of experienced professionals, with Nehal Vora as the Managing Director and CEO. A strong team of managerial promoters helps to manage the company effectively. The names of the promoters are-
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Balkrishna V Chaubal
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Umesh Bellur
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Bimalkumar N Patel
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Sidhartha Pradhan
Central Depository Services (India) Ltd. is a cornerstone of India’s financial services sector. With over two decades of experience and strong promoter backing, CDSL continues to be a key player in the depository services market. Its leadership in the number of demat accounts underscores its importance in the financial ecosystem.
Vision of the company
Central Depository Services (India) Ltd. (CDSL) has a clear, forward-looking vision driving its operations and strategic initiatives. The company’s vision is to be India’s most trusted and preferred depository. It provides secure and innovative solutions to its stakeholders to achieve that goal. This vision reflects CDSL’s commitment to enhancing the financial ecosystem in India. It also helps in supporting the growth and development of the capital markets.One of the key aspects of CDSL’s vision is to ensure the security and integrity of the depository system. CDSL aims to provide a robust and reliable platform for the safekeeping of securities. This involves implementing advanced security measures and technologies to protect the stakeholders. The company’s focus on security helps build trust and confidence in the depository system. This is essential for the smooth functioning of the capital markets.
Efficiency is another critical component of CDSL’s vision. The company strives to streamline its processes and operations to provide seamless services to its clients. This includes reducing the time and cost associated with various depository services. It includes services such as account opening and transfer of securities.
Innovation plays a central role in CDSL’s vision. The company is committed to using new technologies to develop new and improved solutions for the depository system. This includes adopting digital technologies, such as blockchain and artificial intelligence. These technologies enhance the security, efficiency, and transparency of its services. CDSL’s focus on innovation ensures that it remains at the forefront of the depository industry. It also focuses on continuing to meet the needs of its stakeholders.
CDSL’s vision also emphasises the importance of customer satisfaction. The company aims to provide high-quality services that meet the expectations of its clients. This involves understanding the needs and preferences of investors and market participants. CDSL’s customer-centric approach helps build long-term relationships with its clients. This also enhances their overall experience with the depository system.
CDSL’s vision includes expanding its range of value-added services. The company aims to offer a comprehensive suite of services catering to its stakeholders’ diverse needs. This includes services such as e-voting and e-KYC. This provides additional convenience and benefits to investors. CDSL aims to create more value for its clients and strengthen its position in the market by diversifying its service offerings.
CDSL’s vision also encompasses its role in promoting financial literacy and inclusion. The company is committed to educating investors about the benefits and processes of the depository system. This involves conducting awareness programs and seminars to enhance the financial literacy of investors, especially in rural and semi-urban areas. CDSL’s efforts to promote financial inclusion help ensure that a broader population can participate in the capital markets and benefit from their opportunities.
Sustainability is another crucial aspect of CDSL’s vision. The company aims to adopt environmentally friendly practices and contribute to the broader sustainable development goal. This includes reducing its carbon footprint and promoting digital and paperless processes. CDSL’s commitment to sustainability aligns with global trends towards greener practices and demonstrates its responsibility towards the environment.
The vision of CDSL is supported by its robust governance framework and ethical business practices. The company is committed to maintaining high standards of corporate governance and transparency in its operations. This involves adhering to regulatory requirements and ensuring accountability at all levels of the organisation. CDSL’s focus on governance and ethics helps build trust and credibility with its stakeholders and supports its long-term success.
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