Choice International Limited (CIL) has announced a significant business development for its subsidiary, Choice Consultancy Services Private Limited (CCSPL). The company has secured project mandates worth approximately ₹140.00 crore (inclusive of GST), spanning various sectors including housing, agriculture, MSME development, water resource management, and urban planning.

Diverse Project Portfolio

The newly acquired projects demonstrate CCSPL's expanding presence across multiple sectors:

1. Slum Rehabilitation in Maharashtra: A 72-month project involving architectural planning, project management, and quality control for the redevelopment of Rajiv Gandhi Nagar in Mumbai.

2. PACS Computerization in Odisha: A 20-month initiative to digitize 1,625 Primary Agricultural Credit Societies, aimed at enhancing efficiency and transparency in farmer services.

3. MSME Strengthening in Himachal Pradesh and Rajasthan: A 24-month project focused on supporting MSMEs, Self-Help Groups, and artisans through awareness programs, marketing assistance, and policy recommendations.

4. New Chandrapur City Development in Maharashtra: An 84-month engagement for urban strategy, feasibility studies, and quality control to support Chandrapur's growth and infrastructure development.

5. Water Resource Projects in Rajasthan: Multiple projects ranging from 6 to 18 months, including the preparation of a detailed project report for Yamuna water transfer, rehabilitation of the Indira Gandhi Nahar Project, and various ecological restoration initiatives.

Strategic Importance

Mr. Arun Poddar, CEO of Choice International Ltd., commented on the significance of these project mandates, stating, "These project mandates represent a significant step in expanding our presence across diverse sectors. Each engagement underscores our ability to deliver integrated, high-impact solutions that address complex developmental priorities."

Company Overview

Choice Consultancy Services Pvt. Ltd., based in Mumbai, is the public sector consulting arm of Choice International Ltd. The company specializes in delivering innovative and sustainable solutions for government and public sector projects, with a focus on infrastructure, urban development, and capacity building.

Choice International Ltd., the parent company, is a diversified financial services and consulting group headquartered in Mumbai. It holds regulatory registrations from various authorities including SEBI, RBI, IRDAI, NSE, BSE, MCX, NCDEX, and AMFI. The group serves over 14 lakh clients and supports more than 58,000 business associates through its technology-driven, client-centric solutions.

These new project mandates further solidify CCSPL's position as a key player in consulting and development advisory, contributing to India's mission of sustainable, inclusive, and technology-driven growth across various sectors.

Choice International Limited , a diversified financial services company, has reported strong financial results for the first quarter, demonstrating robust growth across its business segments.

Financial Highlights

The company reported a revenue of Rs. 238.00 crore for Q1, marking a 16% year-over-year growth. Notably, Choice International achieved a profit after tax (PAT) of Rs. 48.00 crore, representing an impressive 50% growth compared to the previous year. The PAT margin improved significantly to 20.16%.

EBITDA for the quarter stood at Rs. 87.00 crore, showing a substantial 49% growth, with margins expanding to 36.48%. This performance underscores the company's focus on operational efficiencies and prudent cost management.

Segment-wise Performance

The Broking and Distribution business, which contributes 60% of the total revenue, showed healthy traction with a 5% YoY growth. The NBFC segment reported a revenue of Rs. 39.00 crore, while the Advisory business contributed Rs. 60.00 crore to the top line.

Operational Highlights

Choice International has expanded its branch network to 208 locations, up from 149 a year ago, reflecting its commitment to strengthening its presence across the country. The number of demat accounts grew to 11.5 lakh, a 29% increase year-over-year, driven by digital onboarding capabilities and consistent client engagement.

Total client assets in the stock broking business reached Rs. 47,800.00 crore, growing by 16% YoY. Notably, the wealth products AUM saw a significant surge, growing 443% YoY to Rs. 4,769.00 crore.

The company's Choice Business Associate network expanded to over 58,000 associates, further enhancing its market reach.

Advisory Business Wins

The company's Advisory business secured new orders worth Rs. 63.50 crore across Maharashtra and Odisha. This includes a significant Rs. 52.80 crore World Bank-backed project with the Maharashtra Government, aimed at enhancing data-driven, growth-focused governance over a five-year period.

Growth Strategy

Choice International's management expressed confidence in maintaining a 25-30% growth rate for the next 3-4 years. The company plans to launch its first mutual fund ETF before Diwali, following SEBI's final approval process.

With its diversified business model and strategic initiatives, Choice International appears well-positioned for sustained growth in the coming quarters.