depository limited type public sector depository founded november 1996 headquarters mumbai india 1 key people g.v. nageswara rao managing director & ceo 2 website www.nsdl.co.in national securities depository limited nsdl is an indian central securities depository based in mumbai . 3 it was established on 8 november 1996 as the first electronic securities depository in india with national coverage based on a suggestion by a national institution responsible for the economic development of india . 4 it has established a national infrastructure using international standards that handles most of the securities held and settled in dematerialised form in the indian capital market . 5 contents 1 history 2 promoters shareholders 3 nsdl group 4 nsdl e governance infrastructure limited nsdl e gov 5 nsdl facts & figures 6 references 7 external links history edit although india had a vibrant capital market which is more than a century old the paper based settlement of trades caused substantial problems such as bad delivery and delayed transfer of title . the enactment of depositories act in august 1996 paved the way for establishment of national securities depository limited nsdl the first depository in india . it went on to establish infrastructure based on international standards that handles most of the securities held and settled in de materialised form in the indian capital markets . in the depository system securities are held in depository accounts which are 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 . in august 2009 number of demat accounts held with nsdl crossed one crore . 6 promoters shareholders edit nsdl is promoted by industrial development bank of india limited idbi the largest development bank of india unit trust of india now administrator of the specified undertaking of the unit trust of india and national stock exchange of india limited nse the largest stock exchange in india . 7 some of the prominent banks in the country have taken a stake in nsdl . other shareholders axis bank limited state bank of india oriental bank of commerce citibank na standard chartered bank hdfc bank limited the hongkong and shanghai banking corporation limited deutsche bank dena bank canara bank union bank of india nsdl group edit nsdl group comprises of national securities depository limited nsdl nsdl database management limited ndml and nsdl e governance infrastructure limited . this section is empty . you can help by adding to it . april 2015 nsdl e governance infrastructure limited nsdl e gov edit nsdl e gov was originally set up as a depository in 1995 . further nsdl also has a subsidiary company nsdl database management limited . nsdl facts & figures edit as on january 31 2016 number of certificates eliminated approx . 2 092 crore number of companies in which more than 75 % shares are dematted 6 268 average number of accounts opened per day since november 1996 3 590 presence of demat account holders in the country 89 % of all in codes in the country references edit dda scam were pan cards forged . the times of india . 24 february 2009 . 16 jun 2008 08.50 pm ist pti 2008 06 16 . nsdl to conduct investor awareness seminars the economic times . economictimes.indiatimes.com . retrieved 2011 02 12 . cs1 maint multiple names authors list link nsdl . nsdl . retrieved 2011 02 12 . https nsdl.co.in about milestone.php pl faq introduction to depository and demat . plindia.com . retrieved 2011 02 12 . nsdl demat accounts cross 1 cr mark . the financial express . 20 august 2009 . retrieved 7 october 2013 . promoters shareholders . nsdl.co.in . retrieved 2009 01 20 . external links edit official site retrieved from https en.wikipedia.org w index.php title national securities depository limited & oldid 742863488 categories central securities depositories of indiacompanies based in mumbaicompanies established in 2003hidden categories cs1 maint multiple names authors listpages using infobox company with unsupported parametersarticles to be expanded from april 2015all articles to be expandedarticles with empty sections from april 2015all articles with empty sectionsarticles using small message boxesuse dmy dates from october 2010use british english from october 2010 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a 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