Annual Report: 2021
NSDL Annual Report 2020-21 Summary:
The National Securities Depository Limited (NSDL) Annual Report 2020-21 highlights the company's performance and initiatives. NSDL's key products include SPEED-e (an internet infrastructure for depository services), IDEAS (internet-based Demat Account Statement), and Consolidated Account Statement (CAS). The number of SPEED-e service subscribers reached 213, with over 12.76 lakh registered users, executing 18.45 crore instructions in FY21. IDeAS usage grew by 12.5%, reaching 8.93 lakh clients. NSDL dispatched over 6 crore CAS statements during the year and incorporated new features to enhance the user experience, including insurance policy details. The number of users accessing the Mobile App reached 4.43 lakh.
NSDL e-Voting solution facilitated many companies to offer e-Voting services. Real-time SMS alerts service sent 12.63 crore messages. STEADY enabled Straight Through Processing of trade information, processing 37.46 lakh contract notes. The number of active depository accounts increased to 2.17 crore, resulting in a net increase of 20 lakh accounts. A total of 3.64 crore demat accounts had been opened by March 31, 2021.
The MD & CEO message reflects on FY 2020-21, stating that total custody value of assets held in NSDL demat accounts crossed the milestone of ₹250 lakh crore in May 2021, maintaining a market share of over 89%. The Company's revenue from operations grew by 34%, and profit after tax by 62%. NSDL's API-based Instant Demat Accounting Opening service and Digital Loan against Securities service were key digital initiatives. NSDL Database Management Ltd (NDML) and NSDL Payments Bank (NPBL) also demonstrated growth and progress. The Board of Directors consists of key figures from finance and technology sectors.
The Notice section details the Ninth Annual General Meeting, discussing ordinary business such as adopting the audited financial statements and declaring a final dividend of ₹5 per share. The procedure for joining the AGM through VC/OAVM is outlined, emphasizing the importance of registering email addresses and utilizing stable internet connections. A key note discusses the proposed re-appointment of Mr. Rajeev Kumar as Shareholder Director, highlighting his experience and remuneration.
The Directors' Report for the year ended March 31, 2021 highlights the Company's financial results, with Revenue from Operations increasing to ₹335.58 crore and Profit after Tax to ₹176.14 crore. The Board recommends a dividend of ₹5.00 per share. Details of subsidiary companies, NSDL Database Management Limited and NSDL Payments Bank Limited, are provided. Key regulatory implementations included OTP based off-market transfers and stamp duty collection. Business initiatives included operations in GIFT City and enhancements to the Mobile App. NSDL is building an API-based "Innovation Sandbox" for FinTech firms and a Blockchain platform for debenture issuance's asset cover monitoring. CAS enhancements and asset value are mentioned. The number of securities dematerialized in NSDL stood at more than 2.43 lakh crore.
FPI Monitor registered 855 new FPI applications. The total number of Depository Participants stood at 276. SEBI has directed compliance with Primary Data Centre and Disaster Recovery Site seismic zones. NSDL's Security Operations Centre (SOC) and API Economy initiatives are highlighted. The report also delves into Distributed Ledger Technology (Blockchain) adoption and efforts to enhance the electronic instruction platform (SPEED-e) and IDeAS service.
The Report details the process for ISIN Numbering, Investor Education and Awareness programs and the World Investor Week (WIW). It discusses NSDL newsletter, 'The Financial Kaleidoscope', and publications like 'NSDL Primer on Personal Finance' for investor education, along with a list of related parties, Corporate Governance practices, and risk management strategies. The CSR initiatives include Project Artha Samarth, a skill development initiative, and Project Yogdaan, supporting Thalassemia patients. A financial summary and accounting information are provided, as well as descriptions of key ratios. Details about resources committed toward regulatory functions and declarations by Directors are included. The Auditor's Report does not contain any qualifications, reservations or adverse remarks.
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