CDSL becomes first depository to have 7 crore active demat accounts

India’s first and only listed depository on Thursday announced that it has crossed the milestone of having more than seven crore active demat accounts. CDSL is currently the largest depository in the country in terms of active demat accounts.

“We are delighted to see that investors across various states and union territories are now contributing to India’s growth story. Moreover, it is our pride that so many investors have chosen to use CDSL as a medium in their wealth creation journey,” CDSL MD and CEO Nehal Vora said, adding that they are dedicated to making the process of using a demat account – seamless and effortless.

“Our goal is to

every investor to be self-sufficient – an Atmanirbhar Niveshak through our digital services,” he said in a statement.

CDSL, which facilitates holding and transacting in securities in the electronic form and facilitates settlement of trades on stock exchanges. The demat accounts are serviced by CDSL’s more than 580 depository participants (DPs) from over 20,700 locations.

Major shareholders of CDSL include BSE, Standard Chartered Bank, PPFAS Mutual Fund,

and .

The shares of CDSL, listed on NSE, ended 2 per cent lower today at Rs 1,137.50.