CDSL Ventures KYC records surpass 10 crore mark

CDSL Ventures Limited (CVL), a KYC Registration Agency (KRA) and a wholly owned subsidiary of Central Depository Services (India) Limited (CDSL), has crossed the milestone of 10 crore KYC records.

CVL was the first entity to be registered as a KYC Registration Agency in India and plays a key role in maintaining centralized KYC data for market participants. The latest milestone highlights the growing reliance on digital and standardised KYC processes across intermediaries, including stock brokers, mutual funds, and other regulated entities.

The KYC framework is a critical component of market integrity and investor protection, enabling uniform verification standards while reducing duplication across financial institutions. The growth in KYC records also mirrors broader trends such as increased retail investor participation, higher adoption of digital onboarding, and regulatory emphasis on compliance and transparency.

Apart from maintaining KYC records, CVL provides services including Aadhaar-based eKYC and eSign, Central KYC (CKYC) support, investor accreditation, registrar and share transfer agent services, and GST-related services. These offerings support various compliance and operational requirements within the financial ecosystem.

The milestone comes at a time when regulators continue to focus on improving efficiency, data accuracy, and ease of access within the securities market, with centralised KYC infrastructure seen as a key enabler of these objectives.