CAMS Investor Services Private Limited (CAMS KRA), a wholly owned subsidiary of Computer Age Management Services Limited (CAMS), has announced that its Board of Directors has approved the acquisition of the KYC Registration Agency (KRA) business of NSE Data & Analytics Limited (NSEDAL). The acquisition will be executed through a Business Transfer Agreement (BTA) signed between the two companies.
The transaction, valued at ₹7 crore, will be carried out as a slump sale, with the KRA business being acquired as a going concern. Once completed, the entire KYC registration operation currently managed by NSEDAL will be transferred to CAMSKRA, along with its associated employees. The acquisition is expected to be completed within 180 days, subject to approval from the Securities and Exchange Board of India (SEBI).
Strengthening Market Position
CAMS KRA is the second-largest licensed KYC Registration Agency in India and has been in the business for over a decade. The acquisition is expected to enhance the subsidiary’s investor data base and strengthen its position in the KRA market. The company has also been at the forefront of innovation with its AI-integrated KYC onboarding solutions, which include AI-assisted face matching, OCR, liveliness detection, and video interaction tools.
In a statement, the company said, “This acquisition aligns with our strategic goal to scale and strengthen our KRA business, increase operational leverage, and enhance long-term profitability.”
Financial Performance of Acquired Business
The KRA business of NSEDAL, which began operations in March 2012, currently manages around 13 lakh KYC records. The business has seen modest revenues and losses in recent years:
- FY 2024-25: ₹2.76 crore revenue, ₹2.59 crore loss
- FY 2023-24: ₹1.94 crore revenue, ₹1.50 crore loss
- FY 2022-23: ₹1.44 crore revenue, ₹35 lakh profit
Only the KRA business is being acquired; NSEDAL will retain its other operations and will surrender its KRA license as part of the deal.