Big Win, Bigger Ambitions: Choice International Lands ₹668.3 Million Contract

Choice International Limited today announced a key business victory with its subsidiary, having won a contract valued at ₹668.3 million. The new deal further enhances the company's healthy advisory order book and underlines its sustained momentum in India's fast-moving financial services industry.

 

Key Highlights:

 

Key Order Victory: Choice International's advisory division, which already had an order book of ₹555 crore, has now received the additional contract value of ₹668.3 million. This speaks volumes about how the company takes its position among the top of consultancy and large-scale financial delivery for government as well as mass projects.

 

Robust Financial Performance: Choice International registered total revenue of ₹212 crore and PAT of ₹31 crore during Q3 FY25, where the advisory business generated 23% of revenues. The AUM in stock broking and wealth products recorded strong year-on-year growth of 38% and 99%, respectively.

 

Strategic Growth: The new order will further enable Choice International's growth in underdeveloped areas and its vision for driving financial inclusion. The associate network of the company now stands at over 48,000, serving a key role in outreach and delivery.

 

Industry Recognition: Choice International has recently obtained in-principle approval from SEBI to sponsor and launch a mutual fund, another milestone in its strategy for diversified financial services.

 

Outlook: Management is optimistic about the resilience of the company to counter market difficulties and provide long-term value, with this order win emphasizing its growth strategy.

 

Sources: ICICI Direct, Moneycontrol, MarketScreener