Choice International's Subsidiary Secures ₹140 Crore Worth of Project Mandates

1 min read     Updated on 22 Aug 2025, 01:04 PM
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Reviewed by
Radhika SahaniBy ScanX News Team
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Overview

Choice Consultancy Services Private Limited (CCSPL), a subsidiary of Choice International Limited (CIL), has secured project mandates worth approximately ₹140 crore (including GST). The projects span various sectors including slum rehabilitation in Maharashtra, PACS computerization in Odisha, MSME strengthening in Himachal Pradesh and Rajasthan, new city development in Chandrapur, Maharashtra, and water resource projects in Rajasthan. These diverse projects, ranging from 6 to 84 months in duration, demonstrate CCSPL's expanding presence across multiple sectors and its ability to deliver integrated solutions for complex developmental priorities.

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*this image is generated using AI for illustrative purposes only.

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.

Historical Stock Returns for Choice International

1 Day5 Days1 Month6 Months1 Year5 Years
+2.14%-1.44%+5.15%+66.70%+87.06%+966.59%
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Choice International Secures SEBI Nod for Mutual Fund Launch

2 min read     Updated on 01 Aug 2025, 04:45 PM
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Reviewed by
Ashish ThakurBy ScanX News Team
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Overview

Choice International Limited has obtained SEBI approval to launch 'Choice Mutual Fund', marking its entry into investment management. Choice AMC Private Limited, a wholly-owned subsidiary, will operate as the Asset Management Company. The company plans to initially focus on passive investment products like index funds and ETFs. Choice Group, serving over 14 lakh clients with a network of 58,000+ business associates, aims to leverage its existing strengths in this new venture.

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*this image is generated using AI for illustrative purposes only.

Choice International Limited , a prominent player in the financial services sector, has achieved a significant milestone in its expansion strategy. The company recently received approval from the Securities and Exchange Board of India (SEBI) to launch its own mutual fund, marking its entry into the investment management space.

Key Highlights

  • SEBI grants approval for 'Choice Mutual Fund'
  • Choice AMC Private Limited to operate as the Asset Management Company
  • Initial focus on passive investment products
  • Choice Group currently serves over 14 lakh clients

Expansion into Mutual Fund Business

Choice International Limited has successfully obtained SEBI's approval to act as a sponsor for a mutual fund. The registration has been granted under the name 'Choice Mutual Fund', signaling the company's formal entry into the investment management arena. Additionally, Choice AMC Private Limited, a wholly-owned subsidiary of Choice International, has received SEBI's green light to operate as the Asset Management Company for the newly approved mutual fund.

Strategic Rollout Plan

The company has outlined a phased approach for launching its mutual fund operations. Initially, Choice Mutual Fund will focus on passive investment products, including:

  1. Index Funds
  2. Exchange Traded Funds (ETFs)

This strategy aligns with the growing trend of passive investing in India and globally, aiming to provide accessible and cost-effective investment options to a broad range of investors.

Management's Perspective

Arun Poddar, CEO of Choice International Ltd, expressed his enthusiasm about this development, stating, "This approval marks a significant milestone in the expansion of our financial services portfolio and reinforces our long-term commitment to delivering comprehensive and accessible investment solutions."

Poddar further emphasized the company's objective to build a stable, scalable, and professionally managed asset management business under a strong regulatory and governance framework.

About Choice Group

Choice Group has established itself as a diversified conglomerate in the financial services sector:

  • Headquartered in Mumbai
  • Over a decade of experience in finance, engineering, and consulting
  • Holds memberships and registrations with key financial authorities
  • Serves over 14 lakh clients
  • Network of more than 58,000 business associates
  • Ranks among the top 20 brokers in India

The group's expansion into the mutual fund business is expected to leverage its existing strengths, including its pan-India presence, strong governance framework, and technology-led distribution capabilities.

Future Outlook

With this new venture, Choice International aims to bridge the gap between traditional financial advice and modern investment products. The company intends to cater to retail, emerging affluent, and institutional segments through accessible products designed to deliver long-term value. This move is seen as a natural progression in Choice's strategy to empower investors with a broader, more modern set of tools to achieve their financial goals.

As Choice International Limited embarks on this new chapter, the financial services landscape in India is set to become more competitive, potentially benefiting investors with increased options and innovative investment solutions.

Historical Stock Returns for Choice International

1 Day5 Days1 Month6 Months1 Year5 Years
+2.14%-1.44%+5.15%+66.70%+87.06%+966.59%
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