National Securities Depository Limited

National Securities Depository Limited (NSDL) is an Indian central securities depository, based in Mumbai. It was established in August 1996 as the first electronic securities depository in India with national coverage.^[2] At the end of 2023, its demat accounts held assets worth ₹398 lakh crore ($4.7 trillion).^[3][4][5][6]

National Securities Depository Limited

Company type	Public
Traded as	BSE: 544467
ISIN	INE301O01023
Industry	Central securities depository
Founded	1996; 29 years ago (1996)
Headquarters	Mumbai, Maharashtra, India
Key people	Vijay Chandok (MD & CEO)
Products	Demat account, Transfer and Settlement of Securities
Services	Depository services
Owners	IDBI Bank (26.1%) NSE (24%) HDFC Bank (8.9%) SUUTI (6.83%)[1]
Website	nsdl.co.in

NSDL provides services to investors, stock brokers, custodians and issuer companies through a network of Depository Participants and digital platforms. Its services are related to dematerialization, transfer and settlement of securities in the Indian securities market.

History

National Securities Depository Limited (NSDL) is an Indian central securities depository under the jurisdiction of Ministry of Finance, Government of India based in Mumbai. The enactment of Depositories Act, December 1995 paved the way for establishment of NSDL. It was established in 1996 as the first electronic securities depository in India with national coverage.

NSDL has more than 2.80 crore demat accounts as of 30 June 2022. It contributes to majority of the settlement in the Indian securities markets and has more than 89% share in the total value of assets held in demat form in India.^{[citation needed]}

Company structure

NSDL Group comprises National Securities Depository Limited (abbreviated as NSDL), NSDL Database Management Limited (NDML) and NSDL Payments Bank Limited. NDML and NSDL Payments Bank are two subsidiary companies of NSDL.

NSDL Payments Bank Limited

Company type	Subsidiary
Industry	Financial services
Headquarters	Mumbai, India
Area served	India
Key people	Abhijit Kamalapurkar (MD & CEO)
Products	Banking Retail Banking
Parent	National Securities Depository Limited
Website	nsdlbank.com

Protean eGovernance Technologies (earlier known as NSDL e-Governance Infrastructure Limited) was a former subsidiary.^[5] It works on Digital Public Infrastructure and Open Source software as well as offers services related to issuance of PAN cards and also acts as central record-keeping agency for National Pension System (NPS).

See also

• Demat account
• Depository participant
• Central Depository Services Limited (CDSL)
• Asia-Pacific Central Securities Depository Group