The data is not entirely correct:
Based on the latest data, CDSL is significantly ahead of NSDL in terms of DP accounts and financial performance.
Investor Accounts:
CDSL is at 8.81 Crore against NSDL’s 3.23 Crore as at end of June 2023 – That’s a gap of approximately 2.5 times.
Financials:
CDSL has reported revenue of 555 Crore and profit of 275 Crore as against revenue of 401 Crore and profit of 210 Crore reported by NSDL(link to NSDL financial statements) for the year ended 31 March 2023.
NSDL has traditionally concentrated on high quality customers and most foreign and domestic institutions continue to be loyal to them where as CDSL has positioned as as the most preferred depository for new age broking houses offering extremely attractive pricing and efficiency. While both serve the same purpose, the way the organizations are functioning are not really comparable.
AJ
Disclosure: Remain invested in CDSL.
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