CDSL Appoints Amit Mahajan as Executive Director for Vertical 1
CDSL appointed Amit Mahajan as Executive Director for Vertical 1 and Whole Time Director for a five-year term from June 11, 2026, to June 10, 2031. He will also continue as CTO. Mahajan has over 30 years of experience and has led CDSL's tech expansion, supporting account growth to over 18 crore.
The appointment of an Executive Director and Whole Time Director is a significant governance change that could impact strategic decision-making and operational oversight.
The appointment of an experienced individual to a key leadership role is generally viewed positively for the company's strategic direction and operational efficiency.
Central Depository Services (India) Limited (CDSL) has announced the appointment of Shri Amit Mahajan as Executive Director for Vertical 1, designated as a Whole Time Director on the Governing Board. This appointment is effective from June 11, 2026, to June 10, 2031, for a term of five years, subject to shareholder ratification. He will also continue to serve as Chief Technology Officer until a new incumbent is appointed.
The Governing Board meeting, held on June 11, 2026, considered and approved this appointment, which follows SEBI's prior approval. Shri Amit Mahajan will continue to be designated as Key Management Personnel and Key Managerial Personnel as per SEBI and Companies Act regulations.
Shri Mahajan brings over 30 years of experience in market infrastructure and IT services. Since becoming CTO in 2019, he has overseen the expansion of CDSL's technology ecosystem, supporting growth from 3 crore to over 18 crore beneficial owner accounts. His prior experience includes leadership roles at BSE, focusing on digital transformation and cybersecurity. The Board meeting commenced at 5:30 PM IST and concluded at 6:30 PM IST.
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Central Depository Services (India) Limited filed this with the NSE as a statutory disclosure, categorised under key management changes. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Central Depository Services (India) Limited. Read the original for the full detail.