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Gandhinagar, August 14, 2025 – CDSL Ventures Ltd. (CVL), a wholly owned subsidiary of Central Depository Services (India) Limited (CDSL), has received a formal “No Objection” from the Securities and Exchange Board of India (SEBI) to establish a new business unit at the International Financial Services Centre (IFSC) in GIFT City, Gandhinagar.
The proposed unit will be registered with the International Financial Services Centres Authority (IFSCA) and will operate as a KYC Registration Agency (KRA), serving international market participants and financial intermediaries operating within the IFSC ecosystem.
Approval Timeline
- August 11, 2025: SEBI issues the letter of approval.
- August 13, 2025: CVL confirms receipt of the clearance.
- Next Phase: Registration with IFSCA and operational launch as a KRA at IFSC.
Expanding KYC Infrastructure
CVL currently maintains one of the largest repositories of investor KYC records in India’s domestic capital market. By entering GIFT City’s IFSC, the company will extend its services to global investors, funds, brokers, and custodians, ensuring faster onboarding and streamlined compliance under IFSCA’s international regulatory framework.
This expansion is expected to significantly reduce duplication of investor records, provide standardized KYC procedures, and strengthen interoperability between domestic and international financial markets.
Strategic Importance for GIFT City
As India’s first operational international financial hub, GIFT City IFSC is positioning itself as a global destination for cross-border financial transactions. With CVL’s presence as a registered KRA, the ecosystem gains a trusted infrastructure layer for compliance and investor verification, enhancing the overall ease of doing business for global market participants.
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About CDSL Ventures
CDSL Ventures Ltd (CVL) is a wholly owned subsidiary of Central Depository Services (India) Limited (CDSL). As a SEBI-registered KYC Registration Agency, CVL plays a crucial role in streamlining investor onboarding across India’s financial markets. With the new IFSC expansion, CVL is set to extend its proven expertise to the international financial services domain.
FAQs on CDSL Ventures IFSC Expansion
1. What is CDSL Ventures’ IFSC expansion?
CDSL Ventures Ltd (CVL), a wholly owned subsidiary of CDSL, has received SEBI’s approval to set up a unit at GIFT City’s IFSC. The new unit will register with IFSCA and operate as a KYC Registration Agency (KRA) to serve global investors and intermediaries.
2. Why did SEBI approve CVL’s expansion into GIFT City?
SEBI issued a “No Objection” so CVL can extend its KYC services to international participants under IFSC’s global regulatory framework, reducing onboarding friction for foreign funds, brokers, and custodians.
3. How will this benefit investors and intermediaries?
The new IFSC unit will simplify KYC compliance by providing standardized records, reducing duplication of documents, and ensuring faster onboarding for investors entering GIFT City’s global financial hub.
4. When was the approval granted?
SEBI’s letter of approval was dated August 11, 2025, and CDSL Ventures officially received clearance on August 13, 2025. The next step is registration with IFSCA.
5. What role does GIFT City play in this expansion?
GIFT City is India’s first operational international financial hub, designed to attract global financial institutions. Hosting a registered KRA like CVL strengthens its compliance infrastructure and makes investor onboarding more efficient.
6. Will this have an impact on CDSL’s stock performance?
While the immediate financial impact may be limited, analysts expect this move to strengthen CDSL’s strategic positioning and open new revenue opportunities from global clients, potentially supporting long-term stock growth.
