We started our business as a depository participant in 2016, and we had to choose between NSDL & CDSL. We only went ahead with CDSL because they had a local representative, Harisha, in Bengaluru.

After that, pretty much all the other new brokers also chose CDSL. Of course, this only worked because CDSL ensured that their tech could handle the scale of all this new business.

The increase in CDSL demats from 2016 was almost entirely due to Harisha and the butterfly effect🦋 😀

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