NDML is a wholly owned subsidiary of NSDL. NSDL Database Management Limited (NDML), is a 100% Subsidiary of “National Securities Depository Limited (NSDL)”. NSDL is a Depository registered with SEBI under the Depository Act. NDML has developed and operated Academic Depository system and is committed to provide Academic Depository services to Users of NDML. Depository also facilitates the participants’ registration, training, support mechanism and defines the data standard.