National Securities Depository (NSDL)
Price: ₹1,023
About NSDL Unlisted Shares
A) Introduction to NSDL:
1. National Securities Depository Limited (NSDL) is one of the largest securities depositories in the world.
2. NSDL was established in August 1996 and operates a state-of-the-art infrastructure for dealing in dematerialized forms of securities in the Indian capital market.
3. The Custody Act of 1996 facilitated the establishment of NSDL and addressed the problem of paper-based settlement.
4. NSDL acts as a custodian and stores securities in accounts similar to bank accounts, facilitating transfer of ownership through direct debit. This system eliminates the risks associated with paper transactions and provides a cost-effective environment.
B) Business Partners and Functioning
NSDL operates through various business partners, including:
1. Custodial Participants (DPs): DPs provide custodial services to investors on behalf of NSDL. NSDL has expanded its presence from three DPs to a nationwide network.
2. The issuing company and its registrar, and transfer agent.
3. Securities Clearing Corporation: Facilitates the settlement of intangible shares in securities exchanges. Large clearing houses are electronically linked to NSDL.
C) Market Presence:
1. Customer Accounts: NSDL has over 3.57 crore active customer accounts, up from 2.17 crore in 2021, proving its extensive customer base.
2. Geographical Coverage: NSDL operates in 2,048 cities, towns, and villages, with a presence in 99.31% of the total postal code areas, giving it a nationwide reach.
3. Market Impact: NSDL has assets under management of Rs 4,234. 4 billion (approximately US$ 507.9 billion), demonstrating its significant influence on India's capital markets. It has 281 DPs and 46,015 participating companies. Since November 1996, NSDL has been opening an average of 5,270 new accounts every day.
4. Number of Depository Participants (DPs): NSDL has a network of 281 DPs and boasts of extensive partnerships.
5. Number of Participants: NSDL has 46,015 participants, reflecting broad industry consolidation.
Fundamentals
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