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EquityList manages your ISIN generation, RTA coordination, and depository filings end-to-end, so your physical shares become demat holdings on a cap table platform you already trust.
Eligibility check
The MCA has extended mandatory dematerialisation to most private companies. Answer five quick questions to find out where you stand, no sign-up required.
Based on your answers, your company falls under the MCA's mandatory dematerialisation requirements.
None of the current MCA thresholds apply to you today, but they will as you raise capital, add subsidiaries, or grow revenue. Most companies dematerialise proactively rather than waiting for the mandate to catch up.
Why dematerialise
Demat holdings move between shareholders electronically, without the paperwork, signatures, and courier delays that physical transfers require.
The MCA has extended mandatory dematerialisation to most private companies. Doing it proactively keeps you compliant before the mandate catches up with you.
Physical certificates can be lost, damaged, or forged. Demat holdings remove that risk entirely and simplify succession and estate transfers.
Once shares are in demat form, they live on the same platform as your cap table, ESOP pool, and compliance filings, one source of truth instead of three.
How it works
Step 01
Every shareholder, certificate number, and holding is pulled into the platform first, so the filing is built on clean data instead of scattered spreadsheets.
Step 02
Our team prepares the ISIN application, corporate action forms, and shareholder documentation, then coordinates directly with your Registrar and Transfer Agent.
Step 03
Once NSDL and CDSL approve the application, your company's ISIN is issued and your securities become eligible for demat conversion.
Step 04
Physical certificates and Demat Request Forms are couriered, tracked, and confirmed for every shareholder until each holding shows up in demat form.
How it works
Step 01
Every shareholder, certificate number, and holding is pulled into the platform first, so the filing is built on clean data instead of scattered spreadsheets.
Step 02
Our team prepares the ISIN application, corporate action forms, and shareholder documentation, then coordinates directly with your Registrar and Transfer Agent.
Step 03
Once NSDL and CDSL approve the application, your company's ISIN is issued and your securities become eligible for demat conversion.
Step 04
Physical certificates and Demat Request Forms are couriered, tracked, and confirmed for every shareholder until each holding shows up in demat form.
Customer stories
Don't just take our word for it. Explore what our customers & community say!
We came across EquityList in 2020, which has since helped us manage our cap table and employee grants in one place. Employees, too, can visualize and easily comprehend the value of their growing stock through their dashboard.
Revant Bhate
Co-Founder & CEO, Mosaic
EquityList helped us transition from managing ESOPs on scattered Google sheets to managing them professionally. EquityList makes sharing details with investors and auditors hassle-free, making the process error-free!
Deepanshu Arora
Co-founder and CEO, Toddle
We came across EquityList in 2020, which has since helped us manage our cap table and employee grants in one place. Employees, too, can visualize and easily comprehend the value of their growing stock through their dashboard.
Revant Bhate
Co-Founder & CEO, Mosaic
EquityList helped us transition from managing ESOPs on scattered Google sheets to managing them professionally. EquityList makes sharing details with investors and auditors hassle-free, making the process error-free!
Deepanshu Arora
Co-founder and CEO, Toddle
After raising series B, managing our ESOPs and cap table on Excel became tough and inefficient, and we wanted to digitize it. We could get this setup done quickly and get used to it with its easy-to-use interface.
Saurabh Gupta
CEO and CoFounder, Company 10
From promptly addressing our queries to providing regular updates on plan performance, EquityList's communication style fosters a sense of transparency and trust.
Akshay Jain
Senior Manager, Yulu
After raising series B, managing our ESOPs and cap table on Excel became tough and inefficient, and we wanted to digitize it. We could get this setup done quickly and get used to it with its easy-to-use interface.
Saurabh Gupta
CEO and CoFounder, Company 10
From promptly addressing our queries to providing regular updates on plan performance, EquityList's communication style fosters a sense of transparency and trust.
Akshay Jain
Senior Manager, Yulu
Since 2020, the EquityList team and their software have helped us streamline and automate some of our most crucial financial aspects like the ESOP management, grants, and reports.
Mikami Chandrasekaran
Associate Director, People Operations, Company 12
EquityList's sophisticated tools have enabled us to optimise our pool usage, ensuring that remaining stock options are strategically allocated for subsequent grants.
Nilangi Netravalkar
Admin, Operations & Payroll Specialist, Limechat
Since 2020, the EquityList team and their software have helped us streamline and automate some of our most crucial financial aspects like the ESOP management, grants, and reports.
Mikami Chandrasekaran
Associate Director, People Operations, Company 12
EquityList's sophisticated tools have enabled us to optimise our pool usage, ensuring that remaining stock options are strategically allocated for subsequent grants.
Nilangi Netravalkar
Admin, Operations & Payroll Specialist, Limechat
The UX is simple and intuitive for employees and administrators and can be used with little or no training. The platform makes the administrator's job of managing the ESOP pool and reporting pretty easy.
Bikramjit Singh
Head of Business HR
“Transitioning to EquityList was a breeze. The platform's straightforward design ensured a hassle-free migration process, with excellent support at every step.”
Chithra Ramachandran
Director - People, smallcase
“EquityList is a great platform to manage the ESOP flow internally, from issuing grants to managing cap tables. Onboarding is relatively easy, and the team is very helpful.”
Yaswanth Goteti
Head of People, Fincent
Equitylist saved us not only time but also minimized the risk of errors that often accompany manual processes. What truly sets it apart is the exceptional support- from onboarding to ongoing- by the team, their dedication to ensuring our success was evident.
Rupal Rajal
Head HR, Rupifi
EquityList has significantly increased the credibility of ESOPs among our team members, making the ESOPs more tangible by showcasing the potential monetary growth achievable over the long term.
Shiffana MK
People & Culture, Nova
We believe in generating wealth for our employees and, therefore, use EquityList to issue multiple grant letters and provide real-time visibility on the valuation updates, which helps boost their confidence and gives them a bird's-eye view of their impact on the organization's growth.
Kaushal Pawar
Director People & Culture, Company 6
The UX is simple and intuitive for employees and administrators and can be used with little or no training. The platform makes the administrator's job of managing the ESOP pool and reporting pretty easy.
Bikramjit Singh
Head of Business HR
“Transitioning to EquityList was a breeze. The platform's straightforward design ensured a hassle-free migration process, with excellent support at every step.”
Chithra Ramachandran
Director - People, smallcase
“EquityList is a great platform to manage the ESOP flow internally, from issuing grants to managing cap tables. Onboarding is relatively easy, and the team is very helpful.”
Yaswanth Goteti
Head of People, Fincent
Equitylist saved us not only time but also minimized the risk of errors that often accompany manual processes. What truly sets it apart is the exceptional support- from onboarding to ongoing- by the team, their dedication to ensuring our success was evident.
Rupal Rajal
Head HR, Rupifi
EquityList has significantly increased the credibility of ESOPs among our team members, making the ESOPs more tangible by showcasing the potential monetary growth achievable over the long term.
Shiffana MK
People & Culture, Nova
We believe in generating wealth for our employees and, therefore, use EquityList to issue multiple grant letters and provide real-time visibility on the valuation updates, which helps boost their confidence and gives them a bird's-eye view of their impact on the organization's growth.
Kaushal Pawar
Director People & Culture, Company 6
Talk to our team about ISIN generation, RTA coordination, and a demat timeline for your company.
Book a DemoThe MCA has extended mandatory dematerialisation to most private companies, with specific thresholds around subsidiaries, AIF investment, NBFC status, turnover, and paid-up capital. Use the eligibility check above to see where your company stands.
Once your shareholder data and documentation are ready, ISIN generation and depository approval typically take 10 to 15 working days. Coordinating certificates and DRFs with individual shareholders can extend the overall timeline depending on how quickly they respond.
No. Once your ISIN is issued, each shareholder can submit their Demat Request Form individually. EquityList tracks who has and hasn't converted, so you always know the status of every holding.
Nothing changes on your end. EquityList's cap table platform already holds your shareholder and holdings data, so dematerialisation is executed directly from the same system instead of a separate spreadsheet exercise.
We coordinate with your existing Registrar and Transfer Agent wherever possible. If you don't have one in place, we can help you set that up as part of the process.
We handle the duplicate certificate process alongside the demat conversion, so a lost certificate doesn't hold up the rest of your shareholders.
Dematerialisation itself doesn't trigger new FEMA obligations, but it's often bundled with a broader compliance cleanup. Our secretarial compliance team can take on FEMA filings, annual filings, and other statutory work alongside the demat process.
