National Securities Depository
About National Securities Depository
About National Securities Depository
Founded in
1996 (28 yrs old) Ownership
Private
India Employee count
201-500 Global Employee count
201-500 Headquarters
Mumbai, Maharashtra, India
Office Locations
Mumbai, Maharashtra, India
CEO Suggest Founders Suggest Type of Company
Corporate
Nature of Business
B2B
Company Email ID Suggest Company Contact no. Suggest Social Media Presence Suggest Website
nsdl.co.in
NSDL is one of the largest securities depositories in the world. It handles most of the securities held and settled in dematerialized form in the Indian securities market. Although India had a vibrant capital market which is more than a century old, the paper-based settlement of trades caused substantial problems like bad delivery and delayed transfer of title till recently. The enactment of Depositories Act in August 1996 paved the way for establishment of NSDL, the first depository in India. This depository promoted by institutions of national stature responsible for economic development of the country has since established a national infrastructure of international standards that handles most of the securities held and settled in dematerialised form in the Indian capital market.Using innovative and flexible technology systems, NSDL works to support the investors and brokers in the capital market of the country. NSDL aims at ensuring the safety and soundness of Indian marketplaces by developing settlement solutions that increase efficiency, minimise risk and reduce costs. At NSDL, we play a quiet but central role in developing products and services that will continue to nurture the growing needs of the financial services industry.In the depository system, securities are held in depository accounts, which is more or less 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 certificates.
Primary Industry
i
Primary industry refers to the industry from which a company drives
its maximum revenue.
Financial Services
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