What Mas Services Limited does

Mas Services Limited is a privately held, India-domiciled Registrar and Transfer Agent (RTA) incorporated in November 1973 and headquartered in New Delhi. It operates under a SEBI Category-I RTA registration (INR000000049) with permanent validity, a license required to provide issuer-side securities registry and transfer services in India. Over 30+ years the company has handled more than 800 public and rights issues for Indian corporates, banks, and financial institutions.

Its core product set spans Registrar-to-Issue services, Share Transfer Agent services (share transfers, transmissions, duplicate certificates), depository services connected with both NSDL and CDSL, and corporate-actions management (AGM/EGM handling, dividend processing, stock splits, bonus issues, ESOPs). It has added adjacent capabilities including fixed deposit scheme management, annual secretarial audits, investment banking (M&A, restructuring, delisting), and investor-facing digital portals for grievance redressal (integrated with SEBI SCORES) and IPO allotment status tracking. Technology is described as conventional electronic data processing integrated with the two Indian central depositories; no proprietary platforms or AI capabilities are disclosed.

Revenue is earned through negotiated professional-services fees on a per-engagement basis with listed companies, PSUs, mutual funds, and multinational subsidiaries operating in India. The client roster includes Airports Authority of India, NTPC, NHAI, HUDCO, National Fertilizers, Honda India Power Products, DENSO India, JCB India, and Gillette India. The company operates as a single-country, single-office B2B professional services firm with marketing driven primarily by its corporate website, direct client relationships, and client referrals; pricing is not publicly disclosed.

Name

Mas Services Limited

Legal name

Mas Services Limited

Website

https://masserv.com

Company type

Private

Founded year

1973

Operating status

Operating

Short description

Mas Services Limited is a SEBI Category-I Registrar and Transfer Agent, incorporated in 1973 and headquartered in New Delhi, providing IPO/rights issue management, share transfer, depository (NSDL/CDSL) connectivity, corporate actions processing, and grievance redressal services to Indian listed companies, PSUs, and multinational subsidiaries.

Ownership category

akta.pro rank

Product category

Registrar and Transfer Agent Services

NAICS

Miscellaneous Intermediation (523910)

SIC

Finance Services (6199)

akta.pro primary industry

Transfer Agency & Shareholder Recordkeeping (FSAAAMAA)

akta.pro secondary industry

Issuer Services & Registry (Transfer Agency/Shareholder Records) (FSACAKAC)

Keywords

• Registrar transfer services
• Securities registry management
• Share transfer agent
• Depository services India
• Corporate actions processing

Headquarters

HQ city

New Delhi

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Others

Revenue model

1. Registrar to Issues Services: Managing Public/Right/Cash Offer/Odd Lot issues as Registrars for companies, handling allotment processing and documentation
2. Share Transfer Agent Services: Acting as Share Transfer Agent, processing share transfers, transmissions, name deletions, and duplicate certificate issuances
3. Depository Services: Electronic data processing for depository services connected with NSDL and CDSL
4. Corporate Actions Management: Managing fixed deposit schemes, AGM/EGM handling, annual secretarial updations, and corporate restructuring services
5. Investment Banking Services: Corporate restructuring, merger and acquisitions, and delisting advisory services

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Mas Services Limited is a SEBI-approved Category-I Registrar and Transfer Agent (RTA) that manages public/right issues, share transfers, depository services connected with NSDL and CDSL, and corporate actions for listed companies, PSUs, banks, and financial institutions. The company also provides AGM/EGM management, fixed deposit scheme administration, secretarial audits, and investment banking advisory for corporate restructuring, M&A, and delisting. Incorporated in November 1973, it has handled over 800 public/right issues of securities across India's corporate sector.

Product overview

Mas Services Limited is a SEBI-approved Category-I Registrar and Transfer Agent providing a comprehensive suite of securities management services. The core offering centers on IPO management, share transfer agent services, and depository connectivity with NSDL and CDSL. The company also offers complementary services including AGM/EGM management, fixed deposit scheme management, annual secretarial audits, and investment banking services for corporate restructuring, M&A, and delisting. The company serves a prestigious client base including PSUs, multinationals, and major Indian corporations, having handled over 800 Public/Right Issues of Securities.

Differentiator

Problem solved

Functional benefit

Products and services

• Registrar and Transfer Agent Services End-to-end Registrar and Transfer Agent services for companies, including managing Public/Right/Cash Offer/Odd Lot issues, processing share allotments, handling share transfers and transmissions, and maintaining the securities register for listed companies, PSUs, banks, and financial institutions.
• Depository Services Electronic depository services connected with National Securities Depository Limited (NSDL) and Central Depository Services of India Limited (CDSL) for dematerialization, rematerialization, and electronic holding and settlement of securities.
• Share Transfer Agent Services
• Investment Banking Services
• Fixed Deposit Scheme Management
• AGM/EGM Management
• Annual Secretarial Updates and Audits
• Corporate Actions Processing

Named customers12 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• National Securities Depository Limited (NSDL)coreTechnology or IntegrationDepository connectivity for electronic securities processing, enabling dematerialization and rematerialization services for investor holdings
• Central Depository Services of India Limited (CDSL)coreTechnology or IntegrationDepository connectivity for electronic securities processing, enabling dematerialization and rematerialization services for investor holdings

Scale indicators3 records

Recent moves5 records

Expansion highlights3 records

Direct peers

• Link Intime India Private Limited: Leading Indian RTA providing share transfer, depository connectivity, IPO, and corporate action services. Directly competes with MAS for the same PSU, corporate, and mutual fund registry mandates in India.
• KFin Technologies Limited: India's largest SEBI-registered Registrar & Transfer Agent, offering share registry, IPO processing, investor services, and technology platforms. Directly competes with MAS for issuer mandates across PSUs, multinationals, and mutual funds.
• Adroit Corporate Services Private Limited: Indian RTA offering share transfer, IPO processing, and depository services. Directly competes with MAS for listed-company registry mandates, particularly among smaller issuers.
• Skyline Financial Services Private Limited: SEBI-registered RTA providing share registry, investor grievance redressal, and corporate action services. Directly competes with MAS for mid-cap and SME listed company mandates.
• Cameo Corporate Services Limited: India-based RTA offering share transfer, dematerialization, IPO allotment, and corporate action services. Directly competes with MAS, particularly in the southern India listed-company segment.
• Bigshare Services Private Limited: SEBI-registered RTA providing IPO, share registry, depository, and investor services. Competes with MAS for listed company, SME, and rights issue mandates across the Indian capital markets.
• Beetal Financial & Computer Services Private Limited: SEBI-registered RTA providing share registry, demat, and corporate action services. Directly competes with MAS in the mid-cap and PSU bond registry segments.
• Purva Sharegistry (India) Private Limited: Indian RTA handling share transfers, IPO allotment, and investor services for listed companies. Directly competes with MAS for mid- and small-cap listed company mandates.
• TSR Darashaw Consultants Private Limited: Long-standing Indian RTA providing share transfer, depository, and corporate action services. Historically competes with MAS for established listed-company mandates.

Broad incumbents

• Computer Age Management Services (CAMS): Largest Indian Mutual Fund Transfer Agent with broader fund administration and shareholder services. Adjacent to MAS in transfer agency infrastructure, with overlap in mutual fund unit registry use cases.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mas Services Limited