Thankful1234

CDSL: Monopoly platform-based business!

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Thankful1234 Updated   
NSE:CDSL   CENTRAL DEPOSITORY
CVL = CDSL Ventures Limited

First KYC registration agency registered with SEBI
Enjoys Market share of 60%
Revenue from the online data storage segment stood at Rs 368mn-(16.4% of overall revenue)
Revenue from CVL has witnessed a robust 24.4% CAGR over FY16-20
CVL received the approval to go live from the competent authority as a local Authentication User Agency (AUA)/e-KYC User Agency (KUA) with UIDAI.
This facilitates intermediaries to offer seamless online account opening using online Aadhaar based eKYC and eSign.
Largest pool of 21.6mn KRAs and 2.4mn C-KYC as of FY20 (growing at 10.9% CAGR )
CVL is planning to launch an On-Line Account Opening (OLAO) software that is expected to offer seamless online account opening using online Aadhaar based eKYC and eSign and intermediaries.
(Source: Ajit Surya on Twitter @ajitsuryak)

CDSL very strong Fundamentally and extremely bullish!
ROCE 19.6 %; ROE 15.2 %; OPM 65%
CDSL may soon cross 1200+!
A must have stock in one's portfolio.
Comment:
NSE signs MoU WITH MCX, INDIA INX, NSDL & CDSL TO SET UP INTERNATIONAL BULLION EXCHANGE, CLEARING CORP & DEPOSITORY AT GIFT City.
CDSL has been appointed by forgings supplier Samrat Forgings as its designated depository to monitor foreign investment limits and for system-driven disclosures in the securities market
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