Q1-FY24 · Nehal Vora
The total number of Demat account investors in the country achieved a significant milestone of over 12 crores in July, out of which more than 9 crore Demat account investors are registered with CDSL.
CDSL / language trends
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Central Depository Services (India) · tone and specificity signals across the available quarters.
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Language signals
What changed in management language.
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Q1-FY24 · Girish Amesara
The total consolidated income for the quarter ended June 23 has increased by 19% to INR 174 crore, as against INR 146 crore for the same quarter during the previous year.
Q1-FY24 · Nehal Vora
Technology is something which is continuously has to be kind of really kind of assessed and the latest changes, updates.
Q1-FY25 · Nehal Vora
The real rationale of cutting the transaction charges is basically the economies of scale, which has happened. Therefore, the intent was to pass on that economies of scale to the market at large.
Q1-FY25 · Nehal Vora
We are like an infrastructure company... Technology and human resources are two building blocks for building this infrastructure.
Q1-FY25 · Latesh Shetty
Currently, all IRs put together are not even 10% of the overall yearly annual policies.
Q2-FY24 · Nehal Vora
We are not in a quarter-to-quarter game plan that, you know, what will be the revenue increase. It's more of a long-term, sustainable game plan, creating the right ecosystem and creating the right building blocks for us to take it forward from there.
Q2-FY24 · Nehal Vora
We are in the business of creating the right building blocks for the people to invest whenever there is an opportunity for them to they would like to really invest. And that, for me, is the biggest victory that from a financial inclusion standpoint, more and more people are coming into the ecosystem.
Q2-FY24 · Girish Amesara
The SEBI fees are basically based on the collection and not revenue. So if we have collected, say, revenue of previous year or, you know, before three years, then we have to pay 2% of those collected amount to SEBI.
Q2-FY25 · Nehal Vora
The intent being that really the economies of scale should be extended to the overall securities market, and that is what is the endeavor which has been done.
Q2-FY25 · Nehal Vora
We will continue to wanting to reward shareholders as and when it goes forward. Our overall endeavor has been to do it.
Q2-FY25 · Sunil Alvares
We already learned something like that. We complete almost 50%-60% of, you know, whatever KYC records come to us in the first hour's time.
Q2-FY26 · Nehal Vora
We are prioritizing our #AATMANIRBHAR investor-focused approach while striving for innovation resulting in consistent and sustained financial and business performance.
Q2-FY26 · Nehal Vora
The market, with its ebbs and flows, continues to support the Indian economy, and we owe all the progress to a strong ecosystem who put their constant faith in us.
Q2-FY26 · Sunil Alvares
We have not really seen any great impact. I believe they have also stated that some of the fintech brokers have joined us.
Q3-FY24 · Nehal Vora
We are like an infrastructure company. We're building like a road. So ensuring that the right kind of technology and people, these are kind of the specialized on both accounts are required.
Q3-FY24 · Nehal Vora
The intent is to ensure that the value proposition continues to remain, the platform continues to be kind of a preferred platform, and that is going to be our intent.
Q3-FY24 · Nehal Vora
We don't give any forward-looking statements, and again, that once it comes in the public domain, we anyways disseminate with the monthly number of accounts at the end of the month.
Q3-FY25 · Nehal Vora
We continue to build our value proposition, keeping it probably one of the preferred depositories for investors to open accounts.
Q3-FY25 · Nehal Vora
Our intent has never been to look at market share or competitive edge. Our intent has always to create the value proposition for the stakeholders.
Q3-FY25 · Nehal Vora
Only 7% of the Indian population is yet in the Indian securities market. And I think there's enough space for everybody to thrive and succeed.
Q3-FY26 · Nehal Vora
We don't generally disclose the correspondence we have with regulator. But I am sure, they are also seeing this. Probably at the appropriate time, the increase will come.
Q3-FY26 · Nehal Vora
The important thing is that CDSL has a formidable role. Now, how many employees, whether it is increasing, whatever is required to ensure that it remains in business, the value proposition remains.
Q3-FY26 · Nehal Vora
It's not that we don't want to put it out. It's because of the kind of expenses, which we are having, it is tough for us to put it out, what is firm fixed and what is firm variable.
Q4-FY24 · Nehal Vora
About 10,000,000 plus demat accounts have been opened in the fourth quarter of 2023-2024, which is the highest in any quarter since our inception.
Q4-FY24 · Nehal Vora
Technology and people are the two main costs for CDSL. And this will continue to—we will continue to invest in that because we have to ensure that the value proposition remains.
Q4-FY24 · Nehal Vora
The insurance sector framework is evolving. It is not that it has evolved and we are trying to build it.
Q4-FY25 · Nehal Vora
The fact that quarter on quarter, despite markets going through its ups and downs, we continue to grow in terms of number of demat accounts, number of people wanting to become a part of the CDSL ecosystem clearly showcases that this is with a customer-centric focus.
Q4-FY25 · Nehal Vora
We have a very specific focus. Otherwise, in the last five years, we would not have grown from 1.8 crore demat accounts to 15.5 crore.
Q4-FY25 · Latesh Shetty
The initial 10-12 years, we were hoping that repository as a product would be made mandatory by the respective regulators. We still await and are hopeful that in future, that guidelines may come in.
Q4-FY26 · Nehal Vora
Technology is the DNA of our business. It's kind of the raw material work in progress and finished goods.
Q4-FY26 · Nehal Vora
Our focus is not numbers. Our focus is value proposition.
Q4-FY26 · Nehal Vora
The intent is that as markets will deepen, more investors will come into play. This is an incentivization which the regulator believes with the lower cost, more people will want to join the ecosystem.