Incorporated in 2012, National Securities Depository Limited (NSDL) is SEBI-registered Market Infrastructure Institution (MII). Core Activities: Acts as a securities depository in India. Maintains electronic records of allotment and ownership transfer of securities. Provides depository services including dematerialization, trade settlement, off-market transfers, pledging of securities, and corporate actions. Provides asset servicing for securities held in dematerialized form. Offers additional services such as e-voting, consolidated account statements (CAS), and non-disposal undertakings (NDU). Subsidiaries: NSDL Database Management Limited (NDML): Offers services across e-governance, regulatory platforms, KYC, insurance repository, and collaborative industry platforms. Handles SEZ automation and the National Skills Registry. NSDL Payments Bank Limited (NPBL): Operates a business-to-business payments bank. Provides digital banking, domestic remittances, savings accounts, AePS, micro-ATMs, prepaid cards, UPI, POS, and third-party product distribution (insurance and mutual funds). Key Figures (as of March 31, 2025): Active demat accounts: 39.45 million Registered depository participants: 294 Registered issuers: 33,758 Account holders located in over 99% of Indian PIN codes and in 186 countries