NSDL Unlisted Shares

Annual Report Summary

NSDL Annual Report 2023-24 Summary:

Corporate Overview: NSDL (National Securities Depository Limited) coined the word "demat" in 1996 and facilitates the electronic holding and trading of securities. It provides services to issuer companies, investors, and stockbrokers, contributing to the safety and stability of the Indian marketplace. NSDL has leveraged its technological infrastructure to cater to the diverse needs of the securities market. NSDL has introduced several innovative concepts, including opening depository accounts in the name of beneficial owners, dematerialization of securities, and facilitating corporate actions directly to investors' demat and bank accounts respectively. NSDL stands as a steadfast guardian ensuring safety and security for all stakeholders. NSDL provides products and services like SPEED-e, e-voting, digital LAS, and security and covenant monitoring using DLT. NSDL aims to broaden its market reach, enhance customer experience, expand custody services, promote investor education, and focus on talent development. NSDL is committed to contributing to a resilient, transparent, and inclusive capital market ecosystem.

Financial Performance: NSDL's revenue from operations increased to ₹473.06 crore in FY 2023-24, a Y-o-Y growth of 15.6%. Profit Before Tax increased to ₹327.52 crore, a Y-o-Y growth of 20.6%. The custody value crossed $5 Trillion. NSDL has 3.58 Cr Demat Account Holders and 46,015 Number of Issuers. NSDL commands over 97.45% of the market share in the demat value of debt securities. NSDL holds a market share of 98.18% in respect of listed corporate debt securities, with a custody value of 41.36 lakh crore as of March 31, 2024. As of March 2024; 46,018 listed and unlisted companies have dematerialised their securities through NSDL. The number of securities dematerialised exceeded 3.77 lakh crore. NSDL opened 51.15 lakh new accounts, bringing the total to 5.27 crore. As of March 31, 2024, it held assets in custody aggregating to ₹65.11 lakh crore for individuals. NSDL Commemorating 25 glorious years of service with $5 trillion worth securities in demat account. Investors present in 99.3% of pincodes in India. 63,000+ Service centers - Covering every state & union territory.

Milestones: NSDL rolls out T+0 Settlement, being the first nation to do so. NSDL Custody Value crosses US $5 Trillion. NSDL launches Security & covenant monitoring platform using Distributed Ledger Technology (Block-chain).

Chairman's Message: Parveen Kumar Gupta, Chairman, highlights the active participation of retail investors and active Demat Accounts reaching *3.58 crore and $5 Trillion custody value. The transition to the T+1 settlement cycle resulting in decreased counterparty risk, enhanced liquidity and reduced operational risk. Spearheaded by SEBI, NSDL successfully implemented the Beta version of the T+0 Settlement Cycle. NSDL developed DeLiTe, a blockchain-based Distributed Ledger Technology platform, to facilitate listed corporate bond issuers and Debenture trustees to manage the entire life cycle of issuance of corporate bonds. NSDL, jointly with other Mlls, introduced the common Online Dispute Resolution Portal (ODR Portal) in the Indian Securities Market to foster investor protection. Currently around 11,200 FPIs are registered with NSDL that constitutes 99.99% market share of the FPI holdings.

MD & CEO Message: Padmaja Chunduru, MD & CEO, emphasizes India's position as the 4th largest capital market and 5th largest economy. She notes the growth in assets under custody at NSDL, and the introduction of T+0 settlements. The company is already taking a number of steps including enhancing the infrastructure as well as fine tuning the applications so as to be able to handle larger volume of transactions within a short span of time. The company enhanced DeLiTe' to facilitate listed corporate bond issuers and Debenture trustees to manage the entire life cycle of issuance of corporate bonds, including monitoring the security and the covenants. NDML achieved a total income of ₹94.35 crore and a Profit After Tax of ₹35.47 crore. NSDL Payments Bank achieved a total income of ₹719.88 crore with PAT of ₹1.58 crore. Overall, the Group achieved ₹1268.24 crore revenue from operations (Y-o-Y growth of 24.1%), total income ₹1365.70 crore (Y-o-Y growth of 24.2%) and PAT ₹275.44 crore (Y-o-Y growth of 17.3%). The company continued with its steady growth with the Revenue from Operations increasing to ₹473.06 crore in FY 2023-24 from ₹409.17 crore in FY 2022-23, a Y-o-Y growth of 15.6% and the Profit Before Tax increasing to ₹327.52 crore from ₹271.68 crore in FY 2022-23 a Y-o-Y growth of 20.6%.

Business Growth & Customer Engagement: NSDL holds the annual DDP conference for the members of Designated Depository Participants, which was held in Feb 2024. Currently around 11,200 FPIs are registered with NSDL that constitutes 99.99% market share of the FPI holdings. As of March 31, 2024, NSDL has 3.58 crore Demat Account holders through 281 Depository Participants operating from more than 61,000 Service Centers. Also as of March 31, 2024, we held assets in custody in relation to Non-Resident Indians aggregating to ₹4.17 lakh crore, constituting 86% of the total value of such assets held by NRIs. Another interesting initiative was the launch of WhatsApp services for Demat account holders, ensuring crucial updates. Commitment to social responsibility: NSDL committing and investing in various CSR activities. NSDL Shiksha-Sahyog - an educational scholarship project.

Investor Education and Awareness: At NSDL, various Investor Education activities help investors become a 'Prudent Investor'. During the FY 2023-24, NSDL conducted special programmes for Defence personnel serving in Indian Army, Border Security Force (BSF), Central Reserve Police Force (CRPF), Central Industrial Security Force (CISF), etc. at Jammu & Kashmir, Himachal Pradesh and other Indian States. The programmes are conducted in various languages and cover a variety of investor-related topics. These programmes are conducted in association with SEBI, Stock Exchanges, Depository Participants and other institutions to educate demat account holders and prospective investors about depository services. Highlights of IAPs conducted in FY 2023-24 • 2100+ Total IAPs • 1.35+ lakh Total Participants • 36 States/UTs • 17 Languages.

Governance: The esteemed Board of Directors provides strategic guidance and expertise. NSDL's Leadership Team includes Ms. Padmaja Chunduru (Managing Director & CEO), Mr. S. Gopalan (Executive Director), and Mr. Rahul Pratap Singh (Vice President, Business Development and Products).

Employee Engagement & Wellness: NSDL promotes a healthy, supportive, and productive work environment. Access to continuous learning opportunities, team development courses, and skill-building workshops are arranged for professional growth of our employees.

Additional points from the OCR data include detailed financial ratios and performance data, composition of board committees, segment reporting, audit qualifications, and specific investments.