The Central Depository Services Ltd (CDSL) on Wednesday (November 22) said it has reached a significant milestone by registering over 10 crore demat accounts.

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"Central Depository Services (India) Limited (CDSL), Asia’s first and only listed depository, is pleased to announce the crossing of another milestone as more than Ten crore (100 million) demat accounts were registered with CDSL," the company said.

CDSL, which began operations in February 1999, facilitates holding and transacting in securities in electronic form and facilitates settlement of trades on stock exchanges. Its major shareholders are the BSE, Standard Chartered Bank, PPFAS Mutual Fund, LIC, and Canara Bank.

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The company maintains and services 10 crore+ demat accounts of investors or beneficial owners (BOs) spread across India. These BOs are serviced by CDSL's 580+ depository participants from over 20,000+ locations.

The subsidiaries of CDSL include CDSL Ventures, which is the first and the largest KYC registration agency since 2008 with over 4.5 crore records; CDSL Insurance Repository and CDSL Commodity Repository.

Shares of Central Depository Services (India) Ltd ended at ₹1,717.95, down by ₹7, or 0.41% on the BSE.

(Edited by : Shoma Bhattacharjee)

First Published:Nov 22, 2023 8:00 PM IST