February 20, 2024

“As a part of the MD and CEO appointment course of, CDSL seeks functions from certified leaders who can take CDSL to larger heights and additional its model as a safekeeper of all digital property,” the advert learn.

Central Depository Companies Ltd (CDSL) has invited functions for the submit of managing director and chief government officer to succeed Nehal Vora, when his time period ends in September 2024.

“As a part of the MD and CEO appointment course of, CDSL seeks functions from certified leaders who can take CDSL to larger heights and additional its model as a protected keeper of all digital property,” mentioned CDSL in an commercial inviting the job functions.

Story continues beneath Commercial

Present MD and CEO Nehal Vora was appointed in 2019 for a time period of 5 years until September 17, 2024. Beforehand, he was Chief Regulatory Officer of BSE Ltd; and earlier than that, he headed broking and funding banking compliance at DSP Merrill Lynch.

Comply with our dwell weblog for all of the market motion

The depository agency mentioned it requires over 20 years {of professional} expertise, and area data in capital/ securities/ depository/ monetary markets, within the desired candidate, with a minimal of 5 years in a management position. Additionally, the utmost age of the candidates making use of for the position must be 60 years, mentioned the agency.

Throughout Vora’s time period, CDSL noticed the variety of demat accounts cross the 10-crore mark. On the finish of December 2023, CDSL operated near 10.1 crore demat accounts.

Whereas its December quarter outcomes are but to be introduced, CDSL’s revenue within the September quarter was up 35.4 % 12 months on 12 months (YoY) at Rs 109 crore. Consolidated income from operations grew by 39.2 % YoY to Rs 207.3 crore for the quarter.

Additionally Learn: MC Explains | What are Sebi FPI norms and the way are they linked to the market fall?

Story continues beneath Commercial

Based in 1999, CDSL is the middleman between exchanges, clearing homes, depository members, issuers and traders. It holds securities similar to shares, bonds, and mutual fund models in digital type.

On January 19, CDSL launched multi-lingual assist for account statements and chatbots in a bid to succeed in out to a bigger viewers.

CDSL is the share depository for BSE whereas NSDL is the share depository for NSE. On January 24, CDSL inventory closed at Rs 1,766.50 on the NSE, up 1.91 % from the earlier shut.