NSDL, set up in 1996 as the first depository in India, holds the larger share of securities by value and is run from Trade World in Kamala Mills, Lower Parel; it listed on the exchanges in 2025.
Its subsidiary NSDL Payments Bank and the e-governance arm Protean grew out of it.
| Name | National Securities Depository Limited |
|---|
| Where in Mumbai | Lower Parel, Mumbai |
|---|
| What they do | Depository |
|---|
| Since | 1996 |
|---|
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Stock exchange
BSE is Asia’s oldest stock exchange, begun in 1875 as the Native Share and Stock Brokers’ Association under a banyan tree near Horniman Circle, and housed since 1980 in the 29-storey Phiroze Jeejeebhoy Towers on Dalal St
Stock exchange
NSE was set up in 1992 at the Government’s instance to bring screen-based trading to India and began operations in 1994 from Exchange Plaza in Bandra Kurla Complex.
Commodity exchange
MCX, set up in 2003 and run from Exchange Square in Andheri East, is India’s largest commodity derivatives exchange, trading gold, silver, crude oil, natural gas, copper and other metals.
Regulator
SEBI is the regulator of the securities market, set up in 1988 and given statutory powers in 1992; its head office is SEBI Bhavan in Bandra Kurla Complex.
Depository
CDSL, promoted by BSE in 1999 and listed since 2017, is the larger of India’s two securities depositories by number of accounts, holding investors’ shares in electronic form; its head office is Marathon Futurex in Lower
Discount broker
Zerodha, founded in Bengaluru in 2010 by Nithin and Nikhil Kamath, is the largest retail broker in India by active clients and changed the business with flat-fee trading; it is listed here because the Mumbai exchanges an
Discount broker
Angel One, the former Angel Broking founded in 1996 by Dinesh Thakkar, is a listed Mumbai broker that moved to a flat-fee digital model and became one of the three largest brokers by active clients; its head office is in
Fintech
Paytm, run by One97 Communications from Noida, is the Indian payments and financial-services app that listed on the Mumbai exchanges in 2021 in the largest IPO of its time; it has a large Mumbai office.
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