Algoquant Fintech Limited, a leading financial technology company, has achieved a major milestone by securing a certificate of registration from the Securities and Exchange Board of India (SEBI) to operate as a Depository Participant (DP) with Central Depository Services (India) Limited (CDSL).
Registration Details
The registration has been granted under Regulation 36 of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, numbered IN-DP-817-2025, is effective from September 18, 2025, and will remain valid until suspended or revoked by SEBI as per regulatory norms.
This approval enables Algoquant Fintech to offer electronic securities services, including account maintenance, securities transactions, and investor-related depository services, thereby expanding its presence in India’s financial markets.
Background: Corporate Restructuring
This development follows a corporate restructuring undertaken by Algoquant Fintech under Sections 230–232 of the Companies Act, 2013, which involved:
- Growth Securities Private Limited (Demerged Company)
- Algoquant Investments Private Limited (Amalgamating Company/Transferor)
- Algoquant Fintech Limited (Resulting/Transferee Company)
The reorganisation aligns the company for operational efficiency and regulatory compliance in offering depository-related services.
Regulatory Compliance Requirements
As a SEBI-registered depository participant, Algoquant Fintech is mandated to:
- Pay annual and renewal fees as specified under SEBI regulations
- Comply with anti-money laundering (AML) and Know Your Customer (KYC) norms
- Maintain registration with the Financial Intelligence Unit-India (FIU-IND) through the FINnet Gateway
- Adhere to SEBI directives, government regulations, and depository guidelines
These measures ensure the security, transparency, and integrity of investor transactions.
Implications for Investors
With this registration, Algoquant Fintech is now authorized to provide depository services, including electronic holding and transfer of securities. Investors and market participants are advised to verify the registration status of participants on SEBI’s official website (www.sebi.gov.in) before engaging in transactions.
This step significantly enhances Algoquant Fintech’s capabilities in India’s financial markets and positions it as a reliable participant in the depository ecosystem.
Company Profile
Algoquant Fintech Limited is headquartered at:
Unit No. 503 A-B, 504 A-B, 5th Floor, Tower A, WTC Block No. 51, Road 5E, Zone-5, GIFT City, Gandhinagar, Gujarat – 382050.
Corporate Identification Number (CIN): L74110GJ1962PLC136701
This SEBI registration reflects the company’s commitment to regulatory compliance, operational excellence, and its strategic vision to expand services in the securities depository sector.
Disclaimer:
This article is intended solely for educational and informational purposes. The securities or companies mentioned are provided as examples and should not be considered as recommendations. Nothing contained herein constitutes personal financial advice or investment recommendations. Readers are advised to conduct their own research and consult a qualified financial advisor before making any investment decisions.
Investments in securities markets are subject to market risks. Please read all related documents carefully before investing.