"The best business is the one which is like a royalty on the growth of others." Warren Buffett  

Recently, I had a conversation with my mother. I told her about the story of a business which is like a locker/Tijori and charges money from the owners of the Tijori whenever they take their stuff (shares) out. Moreover, the company that uses the Tijori also has to pay certain amount per year to the Tijori/locker. This locker is our depository industry, which remains to be the Tijori of the Indian Stock Markets. Let's learn about these businesses which have provided a digital infrastructure to store securities. :)  

🔐 Chapter 1: Characteristics of Best Business. (0:00) 

🔐 Chapter 2: Evolution of Indian Broking Industry. (5:22) 

🔐 Chapter 3: Why Depository needed & what it does? (6:08) 

🔐 Chapter 4: Entry Barriers & Moat Attack. (11:09)

 🔐 Chapter 5: How does CDSL makes money? (14:40) 

🔐 Chapter 6: P2P Comparison. (20:46) 

🔐 Chapter 7: CDSL Subsidiaries Digital Infra in Making. (24:27) 

🔐 Chapter 8: Sources of OPTIONALITIES. (28:00) 

🔐 Chapter 9: Views on Valuation. (29:42)