CDSL Appoints Amit Mahajan as Executive Director for Vertical 1
The Governing Board of Central Depository Services (India) Limited (CDSL) has approved the appointment of Shri Amit Mahajan as Executive Director for Vertical 1. The appointment formalizes his role as a Whole Time Director, effective from June 11, 2026, with an initial term spanning five years.The Board meeting held on June 11, 2026, approved the appointment of Shri Amit Mahajan (DIN: 06984769) as Executive Director for Vertical 1 (Critical Operations). The appointed role is scheduled to run from June 11, 2026, to June 10, 2031, pending ratification by the Shareholders.
In addition to this appointment, the Board approved that Shri Amit Mahajan will continue holding the position of Chief Technology Officer until a new incumbent for that role is appointed. He has also been designated as Key Management Personnel in accordance with relevant regulations and the Companies Act, 2013.
Key details regarding his appointment are summarized below:
| Particulars | Details |
|---|---|
| Reason for Appointment | Appointed as Executive Director for Vertical 1 to be categorized as Whole Time Director. |
| Term of Appointment | Five years, effective from June 11, 2026, to June 10, 2031. |
| Relationship Status | Shri Amit Mahajan is not related to any of the Directors on the Governing Board of CDSL. |
Profile and Experience of Shri Amit Mahajan
Shri Amit Mahajan is a seasoned technology leader bringing over 30 years of experience across Market Infrastructure Institutions and IT services organizations. He currently serves as the Chief Technology Officer at Central Depository Services (India) Limited, where he has been since 2019.During his tenure at CDSL, Shri Mahajan led the expansion of the technology ecosystem, successfully supporting the growth of beneficial owner accounts from 3 crore to over 18 crore by 2026. His leadership focused on modernizing IT infrastructure, strengthening cybersecurity capabilities, implementing advanced data warehousing solutions, and adopting contemporary development and testing practices.
Prior to his role at CDSL, he held key leadership positions at BSE, where he led digital transformation initiatives, developed revenue-generating information products, and established advanced cybersecurity operations.
Shri Mahajan holds a Bachelor of Engineering (Hons.) from BITS Pilani and a Master of Management Studies (Finance) from Mumbai University. His professional credentials include the Project Management Professional (PMP) certification and the Authentic Leader Development Certificate from Harvard Business School.
CDSL Stock Price Movement
Central Depository Services (India) Limited shares slipped by 0.74% today to settle at ₹1190.20, shedding ₹8.90 from the previous close. The stock spent the session trading within a tight intraday band, marked by a high of ₹1197.50 and a low of ₹1183.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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