NeSL Genesis

NeSL Genesis

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.