Central Depository Services (India) Limited (CDSL) has appointed Kinjal Shah as its Chief Technology Officer (CTO), strengthening its technology leadership as it prepares for the next phase of India’s securities market infrastructure. The appointment took effect on September 22, 2026.
Shah joins CDSL from YES Securities, where he served as Chief Technology Officer. He brings around 25 years of experience across technology, financial services and capital-market infrastructure, with previous stints at organisations including NSE, Edelweiss Global Markets, Larsen & Toubro and J.P. Morgan.
According to CDSL’s management disclosure, Shah, 47, holds a Master’s degree in Computer Science and a Bachelor’s degree in Electronics. His professional experience spans software engineering, technology management, enterprise technology and financial-market systems.
In his new role, Shah will lead CDSL’s technology function and contribute to the company’s digital and technology initiatives. CDSL has also listed him as a Senior Management Personnel under the SEBI Listing Regulations and as a Key Management Personnel under the SEBI (Depositories and Participants) Regulations, 2018.
Shah succeeds Amit Mahajan as CTO. Mahajan ceased to hold the CTO position from the commencement of business hours on September 22, 2026, following Shah’s appointment, and is currently listed by CDSL as Executive Director – Vertical 1.
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CDSL said the appointment forms part of its efforts to strengthen its technology leadership as the securities-market ecosystem continues to evolve. The company’s official management page currently lists Kinjal Shah as Chief Technology Officer and identifies him as an invitee to its Standing Committee on Technology.
