What we do National Securities Depository Ltd (NSDL) is India's largest securities depository, enabling digital holding and transfer of securities through Demat accounts across multiple asset classes. |
Founded in 2,012 |
Market share Dominates India’s securities depository market with over 72% market share in demat value and 44 million beneficiary owner accounts. |
Problem solved Provides a secure, efficient digital framework to hold, transfer, and settle securities eliminating paper-based processes and fraud risks. |
Top clients or who we serve Serves investors, issuers, depository participants, financial institutions, stockbrokers, clearing corporations, and market intermediaries across India (B2B and B2C). |
Key management Experienced leadership with MD & CEO Vijay Chandok at the helm since 2024, backed by seasoned industry professionals. |
Our journey and innovations Pioneered dematerialization in 1996; launched digital loans against securities (2018), digital commercial paper issuance (2021), and blockchain-based bond monitoring (2022). |
Where we operate Primarily operates in India, serving the country’s capital markets ecosystem extensively. |
Top products or what we offer Core depository services, digital loan against securities, e-voting, commercial paper platform, blockchain security monitoring, and consolidated account statements. |
Top brands National Securities Depository Ltd (NSDL) brand is synonymous with securities custody, dematerialization, e-voting platform, digital loans, and commercial paper issuance. |
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Raw materials supplier - |
Recurring vs cyclical contribution Majority of revenue is recurring, derived from custody fees, annual charges, and transaction-based fees tied to market activity. |
Our industry position Market leader in India’s securities depository space with highest number of issuers, instruments, and settlement values. |
Financial highlights FY 2025 consolidated revenue Rs 1420 crore with net profit Rs 343 crore; standalone revenue Rs 619 crore, profit Rs 322 crore; strong growth in revenues and profits. |
Geographical revenue split Revenue principally generated from Indian capital markets and associated financial institutions. |
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Whats driving growth Rising demat accounts, increased securities trading volumes, digital innovation, regulatory support, and expansion in financial services. |
Our future plans Focus on expanding service offerings including digital innovations, enhancing technology infrastructure, and scaling subsidiary operations. |
Our green promise Headquarters at LEED-certified green building; committed to energy conservation and efficient IT resource use. |
Our people and values Dedicated workforce with strong emphasis on employee wellness, diversity (30% women), training, and positive work environment. |
Key challenges ahead Regulatory compliance complexities, technology risks, market volatility, and competition from alternative depositories. |
Interesting facts NSDL pioneered securities dematerialization in India; listed in 2025 raising Rs 4011 crore via offer for sale. |
Risks and strategy Mitigates risks via robust compliance, technology upgrades, risk management committees, and proactive regulatory engagement. |
