On our final list of 20 is also National Securi ties Depository Limited (NSDL). India's first depository, it ushered in a paperless format of equity transaction. Today it has 11.1 million demat accounts. A keeper of all securities-related data, NSDL has made possible T+2 settlement in the share market, putting India ahead of other global peers. It is now almost ready to move over to T+1 settlement. Lately it has applied its expertise in database management to other domains. For example, it provides solutions for PAN and TIN registrations on behalf of the income-tax department, SEZ registrations for the commerce ministry and skill registration for Nasscom.
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