About Us

Welcome to NeSL

NeSL is India’s first Information Utility and is registered with the Insolvency and Bankruptcy Board of India (IBBI) under the aegis of the Insolvency and Bankruptcy Code, 2016 (IBC). The company has been set up by leading banks and public institutions and is incorporated as a union government company. The primary role of NeSL is to serve as a repository of legal evidence holding the information pertaining to any debt/claim, as submitted by the financial or operational creditor and verified and authenticated by the parties to the debt.

NeSL works towards

  • Time-bound resolution by providing verified information to creditors and to Adjudicating Authorities that do not require further authentication.
  • Default intimation to Creditors linked to a debtor when any creditor files a default against a debtor
  • Mitigation of information asymmetry between parties to a debt
  • Superior credit monitoring by creditors
  • An agreed statement of outstanding balance between parties to a debt
  • Facilitate all stakeholders of the IBC ecosystem by leveraging Information Technology to achieve objective of code


During 2014, the former Chairman IRDAI and ex-Chairman CBDT serving as Chairman, Central Depository Services Ltd (Sh N. Rangachary) and Chairman, ICICI Bank Ltd (Sh K.V Kamath) felt the need for a national project that will serve the citizens with a single view of various assets like Financial (bank deposits, insurance policies, etc); Real (Vehicles, Property) and Personal(caste Certificate, academic certificate, etc) and also use digital technology for citizen centric services like Self-Certification, Electronic Entitlements Accounting, etc. The project, christened as National Assets Depository Ltd (NADeL Project), was co-authored by large institutions like SBI, LIC, ICICI Bank and HDFC. It received support from PMO and DEITY. The core operating principles are Consent based data sourcing delivered digitally from the data storage entity in a secured environment with full audit trails by using Authorised service providers such as banks and without conflict of commercial interest. The digital document dispatch service intends to ride on the Digital India platform.

In the meantime, with the growth of Non-Performing Assets in the banking system a need was felt to have an aggregated view of Assets apart from readily available knowledge of the liabilities. The Bankruptcy Legislative Reforms Commission recommended set up of Information Utility (IU) as a competitive industry so that evidence could be presented, as facts established as per law, enabling resolution of credit/investment delinquencies. RBI also felt the need for Account Aggregation and have since codified the regulations under NBFC directions thereby enabling asset aggregation across asset classes.

In the above environment, National E-Governance Services Limited (NESL) was incorporated to augment the Information Infrastructure of India with a focus on delivering services for the public, government and public financial institutions. It was incorporated on 24th June 2016 as a Union government company with an Authorized Paid up capital of Rs. 30 Crore and special permission from Ministry of Corporate Affairs permitting the use of the word NATIONAL upon complying with the criteria of maintaining 51% of its shareholding with Banks and Public Sector Undertakings at all times. Currently the Authorized Paid up capital of Rs. 75 Crore and 65% shareholding is held by major Government Financial Institutions.

Vision and Mission

Our Vision

Our Vision is to be a recognized and responsible leader in the area of digital services in the country within the given mandate.

Our Mission

To provide a fully digital and superior experience in documentation, authentication, storage and access of financial and operational debt obligations in the country, held as evidence, through its entire journey starting from contract execution and to be the most complete and current information repository in the country for loans and debt obligations.


To accept, store and make readily available authenticated financial information submitted by creditors that helps establish defaults as well as verify claims under the Insolvency and Bankruptcy Code, 2016 expeditiously and thereby facilitate completion of the insolvency resolution transactions under IBC in a time-bound manner.


Life Insurance Corporation of India


State Bank of India


Canara Bank


Bank of Baroda


ICICI Bank Ltd.


Axis Bank Ltd.


Karnataka  Bank Ltd.


HDFC Holdings Ltd.


Indian Bank


Punjab National Bank


New India Assurance Company Ltd


Union Bank of India


Central Depository Services (India) Ltd




United India Insurance Company Ltd






The Board

Shri. R. Gandhi
Shri. R. Gandhi
Chairman and Independent Director
Shri. R. Gandhi, Former Deputy Governor, Reserve Bank of India
Dr. Nivedita Haran
Dr. Nivedita Haran
Independent Director
Dr. Nivedita P Haran, IAS (Retd), retired as the Additional Chief Secretary Department of Home Affairs
Prof. S. Sadagopan
Prof. S. Sadagopan
Independent Director
Prof. S. Sadagopan is currently the Director of IIIT-Bangalore. He is a product of Madras University,
Shri. P.N. Prasad
Shri. P.N. Prasad
Independent Director
Shri P.N. Prasad is a seasoned banker with 37 years of domestic and global experience.
Smt. Sudha Krishnan
Smt. Sudha Krishnan
Independent Director
Smt. Sudha Krishnan joined the Indian Audit and Accounts Service (IAAS) in 1983.
Sri. Rajesh Doshi
Sri. Rajesh Doshi
Independent Director
Rajesh Doshi is an Alumni of Indian Institute of Technology (Mumbai), with a Bachelor’s degree in Electrical Engineering (1973 batch).
Shri. Parkash Chand
Shri. Parkash Chand
Nominee Director (LIC)
Shri. Parkash Chand joined LIC of India as a 14th Batch Direct Recruit Officer in the year 1985.
Shri. Subrata Biswas
Shri. Subrata Biswas
Nominee Director
In a career span of more than 34 years, Shri Subrata Biswas has handled various assignments, specially in the Corporate Accounts Group, handling large Corporates, Mid Corporate Group, Risk Management Department.
Shri. Debajyoti Ray Chaudhuri
Shri. Debajyoti Ray Chaudhuri
Managing Director & CEO
Shri Debajyoti Ray Chaudhuri is an MBA from the Faculty of Management Studies (Delhi) and Certified Associate of the Indian Institute of Bankers.

  • 1. Shri. T.S. Vishwanath, Independent Director, was appointed as the Chairman of the Board on 28th January, 2019.
  • 2. The nomination of Shri. P. Sanker, Nominee Director appointed by ICICI Bank Ltd was withdrawn by the bank and Shri. Anindya Banerjee was appointed as the Nominee Director, with effect from 16th January, 2019.
  • 3. Shri. Yeshwant Deosthalee, resigned from the office of independent director of the company with effect from 20th December, 2018, due to personal reasons.
  • 4. The nomination of Shri. Karnam Sekar, Nominee Director appointed by State Bank of India was withdrawn by the bank and nominated Shri. Parthapratim Sengupta, as the Nominee Director, with effect from 3rd November, 2018.
  • 5. Resignation of Shri. N. Rangachary as the chairman of the Board effective from 13th October 2018.
  • Management Team

    Key Managerial Personnel Senior Management
    Shri Vinod Shenoy M, Chief Financial Officer Shri. Debasis Pal, Head-IU Process & Support
    Shri Diwakar Kannan, Chief Technology Officer Shri. P. Sankar, Head-Relationships
    Shri Mruthunjaya Murthy, Company Secretary, Legal Counsel, IU Compliance Officer & Head-HR Shri. U. Venkata Rao, Head-IU Operations
    Shri. Sandeep Krishna Iyengar, Vice President – Technology
    Smt. Shajitha Lobo, Vice President-Relationships

    Technology Committee

    • S. Sadagopan, Director IIIT Bangalore (Chairperson)
    • Deepak B Phatak, Professor Emeritus, IIT Bombay
    • Rajesh Doshi, former CTO NSDL
    • N Rajendran, CTO NPCI
    • N. Sarat Chandra Babu, Executive Director, SETS
    • N. Subramanian, Associate Director, C-DAC


    NeSL Code of conduct applicable to all employees Senior management team whether contract or regular and Directors of the company.

    NeSL Code of Conduct for independent Directors as required under the provision of Section 149 (8) and Schedule IV of the Companies Act, 2013.

    NeSL policy on related party transactions as required under the Section 188 of the Companies Act, 2013.

    Nesl policy of the Prevention of Sexual Harassment at Work Place as required under the provisions of Company Act and pursuant to provisions he Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.

    NeSL policy on the Grievances – Redressal Mechanism as required under the provisions of Regulation 12 of IBBI (IU) Regulations 2017.


    • Shri. Yeshwant Deosthalee, has resigned from the office of independent director of the company with effect from 20 th December, 2018, due to his indifferent health.
    • Shri. T.S. Vishwanath, Independent Director, was appointed as the Chairman of the Board on 28 th January, 2019.
    • The nomination of Shri. P. Sanker, Nominee Director appointed by ICICI Bank Ltd was withdrawn by the bank and nominated Shri. Anindya Banerjee , as the Nominee Director, with effect from 16th January, 2019.
    • The nomination of Shri. Karnam Sekar, Nominee Director appointed by State Bank of India was withdrawn by the bank and nominated Shri. Parthapratim Sengupta, as the Nominee Director, with effect from 3rd November, 2018.

    Annual Report

    Annual Report of the company (financial year wise) comprising of Directors Report, Auditors Reports and financial statements of the company as required under Section 134 and rules made there under and other applicable provisions of Companies Act, 2013

    Annual Return

    Annual Return filed with Registrar (Financial year wise) as required under the Section 92 and other related provisions of Companies Act, 2013.