Mumbai, Feb 12
Central Depository Services (India) Ltd (CDSL) has set a new record by surpassing 15 crore Demat accounts, becoming the first depository in India to achieve this milestone.
In its stock exchange filing, CDSL highlighted that this achievement reinforces its position as a leading depository, providing secure and efficient services to millions of investors across the country.
Rapid Growth in Demat Accounts
The number of Demat accounts in India has been growing steadily, even during market uncertainties.
- November 2023 – CDSL crossed the 10 crore mark.
- December 2024 quarter – 92 lakh new Demat accounts were opened.
- FY 2023-24 – Over 3.26 crore new Demat accounts were registered.
According to market analysts, this growth reflects strong retail investor participation in the stock market.
Financial Performance in Q3 FY24
CDSL reported strong financial results for the December 2024 quarter:
- Net Profit: ₹130 crore (21% YoY growth) compared to ₹107 crore in Q3 FY23.
- Total Income: ₹278 crore (30% growth).
- Total Revenue: ₹298 crore, up from ₹236 crore in the same quarter last year.
- In the previous quarter, CDSL recorded a revenue of ₹359 crore.
CDSL’s Role in the Indian Stock Market
CDSL is India’s largest depository, enabling investors to hold and transact securities electronically. It facilitates the settlement of trades on stock exchanges, making financial markets more accessible.
A Demat account is a digital account used to hold securities such as stocks, bonds, mutual funds, and ETFs. The rising number of these accounts signals a growing interest in stock market investments among retail investors.
