CDSL Appoints Amit Mahajan as Executive Director for Vertical 1
CDSL's Governing Board approved the appointment of Shri Amit Mahajan as Executive Director for Vertical 1. He will serve a five-year term from June 11, 2026, to June 10, 2031, subject to shareholder ratification. Mahajan will also continue as CTO. He has been with CDSL since 2019 and previously worked at BSE.
The appointment of a Whole Time Director in a key vertical is a significant internal development that can impact strategic direction and operational efficiency.
The appointment of an executive director, particularly one with extensive experience in technology and a proven track record of scaling operations, is a positive development for the company.
Central Depository Services (India) Limited (CDSL) announced the outcome of its Board Meeting held on June 11, 2026. The Governing Board approved the appointment of Shri Amit Mahajan (DIN: 06984769) as Executive Director for Vertical 1 (Critical Operations).
Shri Mahajan will be categorized as a Whole Time Director on the Governing Board for a term of five years, effective from June 11, 2026, to June 10, 2031. This appointment is subject to ratification by shareholders. He will also continue to hold the position of Chief Technology Officer until a new incumbent is appointed.
Shri Amit Mahajan is a seasoned technology leader with over 30 years of experience. Since becoming CTO in 2019, he has been instrumental in scaling CDSL’s technology ecosystem, supporting the growth of beneficial owner accounts from 3 crore to over 18 crore. He previously held key leadership positions at BSE.
The Board Meeting commenced at 5:30 P.M. (IST) and concluded at 6:30 P.M. (IST).
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