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{{short description|Indian central securities depository}}
{{Short description|Central securities depository in India}}
{{Use Indian English|date=February 2017}}
{{Use dmy dates|date=December 2022}}
{{Use dmy dates|date=March 2020}}
{{Use Indian English|date=December 2022}}
 
{{Infobox company
{{Infobox company
| name = National Securities Depository Limited
| name = National Securities Depository Limited
| logo = National Securities Depository logo.svg
| logo = Logo of National Securities Depository Limited (NSDL) of India 2024-01-18.jpg
| logo_size = 170px
| logo_size = 170px
| type = [[Central securities depository]]
| logo_alt =
| traded_as = {{BSE|544467}}
| ISIN = INE301O01023
| type = [[Public company|Public]]
| industry = [[Central securities depository]]
| foundation = {{Start date and age|df=yes|1996}}
| foundation = {{Start date and age|df=yes|1996}}
| location = [[Mumbai, Maharashtra]], India
| location = [[Mumbai]], [[Maharashtra]], India
| key_people = G. V. Nageswara Rao, <br>([[CEO|MD & CEO]])
| key_people = Vijay Chandok<br>{{small|([[CEO|MD & CEO]])}}
| industry = Depository Services
| services = Depository services
| products = demat account, transfer and settlement of securities
| products = Demat account, Transfer and Settlement of Securities
| homepage = {{url |http://www.nsdl.co.in}}
| owners = {{ubl|[[IDBI Bank]] (26.1%)|[[National Stock Exchange of India|NSE]] (24%)|[[HDFC Bank]] (8.9%)|[[UTI Asset Management|SUUTI]] (6.83%)<ref>{{cite news |last1=Gohel |first1=Ankit |title=NSDL IPO: Who are the major shareholders in NSDL? Check the list here |url=https://www.livemint.com/market/ipo/nsdl-ipo-idbi-bank-nse-hdfc-bank-sbi-among-major-shareholders-in-the-depository-take-a-look-11689060845156.html |access-date=24 July 2025 |work=Mint |date=11 July 2023 |language=en}}</ref>}}
| homepage = {{URL|https://nsdl.co.in/}}
}}
}}
'''National Securities Depository Limited''' (NSDL) is an Indian [[central securities depository]]  under the [[jurisdiction]] of  [[Securities and Exchange Board of India]], based in [[Mumbai]].<ref>{{cite web|url=https://nsdl.co.in/contactus.php |title=NSDL |publisher=NSDL |access-date=2021-08-26}}</ref> It was incorporated in 1995 as the first electronic securities depository in India with national coverage. It was formally inaugurated on November 8, 1996.<ref>https://nsdl.co.in/about/milestone.php</ref>
'''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.<ref>{{Cite web |title=About Us - NSDL |url=https://nsdl.co.in/about/index.php |url-status=live |archive-url=https://web.archive.org/web/20060213221806/http://www.nsdl.co.in/about/index.php |archive-date=2006-02-13 |access-date=2024-01-18 |website=NSDL}}</ref> At the end of 2023, its [[demat account]]s held assets worth ₹398 lakh crore ($4.7 trillion).<ref>{{Cite web |date=2023-12-31 |title=Statistics - NSDL |url=https://nsdl.co.in/about/statistics.php |url-status=live |archive-url=https://web.archive.org/web/20240118182648/https://nsdl.co.in/about/statistics.php |archive-date=2024-01-18 |access-date=2024-01-18 |website=NSDL}}</ref><ref>{{Cite web|last=Desk|first=B. Q.|title=Assets In NSDL Demat Accounts Now Worth $4 Trillion|url=https://www.bloombergquint.com/business/assets-in-nsdl-demat-accounts-now-worth-4-trillion|access-date=2022-01-17|website=BloombergQuint|date=23 October 2021 |language=en}}</ref><ref name=":0" /><ref name=":1">{{Cite web|title=What is NSDL service?|url=https://www.businessinsider.in/what-is-nsdl-service/articleshow/70669034.cms|access-date=2022-01-17|website=Business Insider|archive-date=17 January 2022|archive-url=https://web.archive.org/web/20220117155509/https://www.businessinsider.in/what-is-nsdl-service/articleshow/70669034.cms|url-status=dead}}</ref>


NSDL provides bouquet of services to investors, stock brokers, custodians, issuer companies etc. through its nation wide network of Depository Participants or DPs and digital platforms.
NSDL provides services to investors, stock brokers, custodians and issuer companies through a network of [[Depository participant|Depository Participants]] and digital platforms. Its services are related to [[Dematerialization (securities)|dematerialization]], [[Stock transfer agent|transfer]] and [[Settlement (finance)|settlement]] of securities in the Indian securities market.


==History==
==History==
Although India had a vibrant [[capital market]] which is more than a century old, the paper-based settlement of trades caused substantial problems such as bad delivery and delayed transfer of title. The promulgation of the Depositories ordinance in 1995 paved the way for the establishment of '''National Securities Depository Limited''' (NSDL), the first depository in India. Now, NSDL is one of the largest Depositories in the World. It has established a state-of-the-art infrastructure that handles most of the securities held and settled in [[Dematerialization (securities)|de-materialized]] form in the Indian securities markets.  
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|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.


Securities are held in depository accounts, which are similar to holding funds in bank accounts. Transfer of ownership of securities is done through simple account transfers. This method does away with all the risks and hassles normally associated with paperwork. Consequently, the cost of transacting in a depository environment is considerably lower as compared to transacting in physical certificates.  
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|date=October 2022}}


NSDL introduced the concept of 'Demat' to India. In less than 8 years of its existence, NSDL enabled India securities markets to implement T+2 settlement. It continues to provide world class digital services to different stakeholders in securities market.
The [[initial public offering]] (IPO) of NSDL was launched in July 2025 as an offer for sale (OFS) of shares worth ₹4,012 crore (US$458 million) by its existing shareholders, including [[National Stock Exchange of India|NSE]], [[IDBI Bank]], [[State Bank of India]], [[HDFC Bank]], and SUUTI. The shares listed on [[Bombay Stock Exchange|BSE]] on 6 August 2025.<ref>{{cite web | last1=M | first1=Vivek Kumar | last2=Monnappa | first2=Chandini | last3=Mukherjee | first3=Hritam | last4=Monnappa | first4=Chandini | last5=Mukherjee | first5=Hritam | title=NSDL's $458 million India IPO fully sold within hours of launch | work=Reuters | date=30 July 2025 | url=https://www.reuters.com/world/india/nsdls-458-million-india-ipo-fully-sold-within-hours-of-launch-2025-07-30/ }}</ref><ref>{{cite web | title=NSE, banks to offload 5 cr NSDL shares in IPO | work=The Times of India | date=24 July 2025 | url=https://timesofindia.indiatimes.com/business/india-business/nse-banks-to-offload-5-cr-nsdl-shares-in-ipo/articleshow/122878661.cms }}</ref><ref>{{cite web | title=NSDL IPO: Issue opens on July 30, here's what you need to know about GMP, issue details - NSDL's Upcoming IPO | url=https://economictimes.indiatimes.com/markets/stocks/news/nsdl-ipo-issue-opens-july-30-heres-what-you-need-to-know-about-gmp-issue-details/nsdls-upcoming-ipo/slideshow/122931933.cms }}</ref>


==Company structure==
==Company structure==
NSDL Group comprises National Securities Depository Limited (NSDL), NSDL Database Management Limited (NDML) and NSDL Payments Bank Limited respectively. NDML and NSDL Payments Bank are two subsidiary companies of National Security Depository Limited (abbreviated as NSDL). It provides services related to demat of securities, transfer and settlement of securities in Indian Securities Market.
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 e-Governance Infrastructure Limited is a separate company.<ref>https://www.egov-nsdl.co.in/</ref> It offers services related to issuance of PAN cards and also acts as central recork-keeping agency for National Pension System (NPS).
{{Infobox company
 
| name = NSDL Payments Bank Limited
==NSDL Facts & Figures==
| logo =
| type = [[Subsidiary]]
| traded_as =
| foundation =
| location = [[Mumbai]], [[India]]
| industry = [[Financial services]]
| area_served = India
| products = {{Unbulleted list|[[Banking]]|[[Retail Banking]]}}
| revenue =
| net_income =
| key_people = Abhijit Kamalapurkar <br />{{small|([[Managing director|MD]] & [[Chief executive officer|CEO]])}}
| num_employees =
| parent = National Securities Depository Limited
| subsid =
| homepage = {{URL |https://nsdlpayments.bank.in/}}
| footnotes =
}}


As of July 31, 2021
[[Protean eGov Technologies|Protean eGovernance Technologies]] (earlier known as NSDL e-Governance Infrastructure Limited) was a former subsidiary.<ref name=":0">{{Cite web|title=NSDL e-Governance Infrastructure Limited|url=https://www.egov-nsdl.co.in/|access-date=2022-01-17|website=www.egov-nsdl.co.in|archive-date=6 February 2022|archive-url=https://web.archive.org/web/20220206073252/https://www.egov-nsdl.co.in/|url-status=dead}}</ref> It works on [[Digital public infrastructure|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).


NSDL has more than 2.28 Crore demat accounts as on July 31, 2021. These demat account holders belong to 99.19% of all pin codes in India. 
== See also ==
Number of certificates eliminated (approx.) is 5,258 Crore.
* [[Demat account]]
Number of companies in which more than 75% of shares are in demat is 15,081.
* [[Depository participant]]
The average number of accounts opened per day since November 1996 is 4,186.
* [[Central Depository Services|Central Depository Services Limited (CDSL)]]
 
* [[Asia-Pacific Central Securities Depository Group]]
It contributes to majority of the settlement in the Indian securities markets and has 90% share in total value of assets held in demat form in India.


==References==
==References==
{{reflist}}
{{Reflist}}
 
==External links==
* [https://www.webcitation.org/5lYGSyShW?url=http://www.nsdl.co.in/ Official site]


{{Financial services in India}}
{{Financial services in India}}
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[[Category:Financial services companies based in Mumbai]]
[[Category:Financial services companies based in Mumbai]]
[[Category:Financial services companies established in 1996]]
[[Category:Financial services companies established in 1996]]
[[Category:Corporate social responsibility]]
[[Category:Private sector banks in India]]
[[Category:1996 establishments in Maharashtra]]
[[Category:1996 establishments in Maharashtra]]
[[Category:Indian companies established in 1996]]
[[Category:Indian companies established in 1996]]
[[Category:Companies listed on the Bombay Stock Exchange]]
[[Category:2025 initial public offerings]]

Latest revision as of 10:08, 21 November 2025


National Securities Depository Limited
Traded asBSE: 544467
ISININE301O01023
IndustryCentral securities depository
Founded1996; 30 years ago (1996)
HeadquartersMumbai, Maharashtra, India
Key people
Vijay Chandok
(MD & CEO)
ProductsDemat account, Transfer and Settlement of Securities
ServicesDepository services
Owners
Websitensdl.co.in

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]

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[edit | edit source]

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]

The initial public offering (IPO) of NSDL was launched in July 2025 as an offer for sale (OFS) of shares worth ₹4,012 crore (US$458 million) by its existing shareholders, including NSE, IDBI Bank, State Bank of India, HDFC Bank, and SUUTI. The shares listed on BSE on 6 August 2025.[7][8][9]

Company structure[edit | edit source]

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
IndustryFinancial services
HeadquartersMumbai, India
Area served
India
Key people
Abhijit Kamalapurkar
(MD & CEO)
Products
ParentNational Securities Depository Limited
Websitensdlpayments.bank.in

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[edit | edit source]

References[edit | edit source]

  1. ↑ Gohel, Ankit (11 July 2023). "NSDL IPO: Who are the major shareholders in NSDL? Check the list here". Mint. Retrieved 24 July 2025.
  2. ↑ "About Us - NSDL". NSDL. Archived from the original on 13 February 2006. Retrieved 18 January 2024.
  3. ↑ "Statistics - NSDL". NSDL. 31 December 2023. Archived from the original on 18 January 2024. Retrieved 18 January 2024.
  4. ↑ Desk, B. Q. (23 October 2021). "Assets In NSDL Demat Accounts Now Worth $4 Trillion". BloombergQuint. Retrieved 17 January 2022. {{cite web}}: |last= has generic name (help)
  5. ↑ 5.0 5.1 "NSDL e-Governance Infrastructure Limited". www.egov-nsdl.co.in. Archived from the original on 6 February 2022. Retrieved 17 January 2022.
  6. ↑ "What is NSDL service?". Business Insider. Archived from the original on 17 January 2022. Retrieved 17 January 2022.
  7. ↑ M, Vivek Kumar; Monnappa, Chandini; Mukherjee, Hritam; Monnappa, Chandini; Mukherjee, Hritam (30 July 2025). "NSDL's $458 million India IPO fully sold within hours of launch". Reuters.
  8. ↑ "NSE, banks to offload 5 cr NSDL shares in IPO". The Times of India. 24 July 2025.
  9. ↑ "NSDL IPO: Issue opens on July 30, here's what you need to know about GMP, issue details - NSDL's Upcoming IPO".
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