About Central Depository Services (India) Limited

Central Depository Services (India) Limited (CDSL) began operations on February 8, 1999, with the aim of offering convenient, dependable and secure depository services to investors, helping streamline settlement and broaden participation in India’s capital markets. The company facilitates dematerialisation, custody and transfer of a wide spectrum of instruments including equity shares, preference shares, mutual fund units, debt instruments, government securities, certificates of deposit and commercial papers. CDSL’s ecosystem serves investors, Depository Participants (DPs), issuers, asset management companies, registrars and transfer agents, clearing corporations and exchanges through robust, technology‑driven infrastructure and investor‑facing digital services such as the MyEasi investor app, e‑voting and e‑DIS. 

As of March 31, 2025, CDSL supported 15.30 crore demat accounts, becoming the first depository to cross the 15 crore milestone and holding a 79% market share by number of accounts. Its network spans 574 DPs and 18,918 DP service centres across India, with coverage across 98% of the country’s pin codes. The company operates nationally through 14 offices and has no international offices. CDSL has 3 subsidiaries and 1 associate. Key milestones in the latest year include the crossing of 15 crore demat accounts, enhancements to its unified investor app, and the launch of security and process initiatives guided by SEBI to further safeguard investors.

Central Depository Services (India) Limited’s Business Segment

• Depository Services: 100% of turnover.

Central Depository Services (India) Limited’s Key Management

• Nehal Vora – Managing Director & Chief Executive Officer
• Nayana Ovalekar – Chief Regulatory Officer
• Amit Mahajan – Chief Technology Officer
• Girish Amesara – Chief Financial Officer
• Vinay Madan – Chief Risk Officer
• Rajesh Saraf – Chief Data & Operations Officer
• Nilesh Lodaya – Chief of Business Development & New Projects
• Nilay Shah – Company Secretary & Compliance Officer
• Akhil Wadhavkar – Chief Information Security Officer
• Joy Banerjee – Head – Human Resource & Administration
• Rajat Srivastav – General Counsel

Latest Updates on Central Depository Services (India) Limited

• Governance and Leadership: SEBI approved the re‑appointment of Shri Nehal Vora as MD & CEO for a second five‑year term from September 18, 2024 to September 17, 2029; Public Interest Directors Prof. Varsha Apte (effective June 05, 2024) and Shri Bharat Vasani (effective November 27, 2024) were appointed to the Governing Board.
• Investor Protection and Process Reforms: The SEBI‑guided Direct Payout initiative (launched in February 2025) enabled direct credit of securities to investors’ demat accounts and auto‑pledging for MTF clients; Multi‑Factor Authentication was also rolled out to strengthen account security.
• Digital Enhancements: The unified MyEasi investor app integrated features across Market Infrastructure Institutions and expanded multilingual services (eCAS in 23 languages), with further upgrades highlighted at CDSL’s second Annual Symposium in February 2025 on “Reimagine CapTech and the Future of Capital Markets”.
• Network and Reach: As on March 31, 2025, CDSL had 574 DPs and 18,918 DP service centres, covering 98% of India’s pin codes; the company became the first depository to surpass 15 crore demat accounts.
• Certifications and Recognition: CDSL maintained ISO/IEC 22301:2019 (Business Continuity Management System) certification, and was recognised as “Best Market Infrastructure Institution of the Year, 2024”.
• Corporate Actions: A 1:1 bonus issue was announced in August 2024.